There and back again - Gold to gem conversion 1/3 loss
This is the same sort of tax on everything in the trading post. It makes investing more of a risk I guess. Also stops people from profiting too much on small artificial spikes.
sllaw eht no nettirw gnihtemos saw ecno ereht
The second you convert gold to gems you take a loss of almost 1/3 in the exchange. This makes Gem buying with gold not an investment.. you cannot watch the exchange rate buy gems save and make a profit because you already lost 1/3 in the initial exchange.
The only way to make gold with a gem exchange is to lose real cash as the conversion rate between cash to gems is fixed, and the gems to gold value fluctuates.
You should be able to play the market with in game gold with similar results, with the exchange being unequal this is impossible.
(edited by Hellforge.3418)
It’s almost like anet would rather you buy gems with cash.
Shocking.
[SFD] – Maguuma
the spread between buying and selling gems used to be 10 silver for 100gems.. now it is around 20 silver….
what’s the actual buy-sell ratio ?
sell price (100 gems) = 0.75 x buy price(100 gems) ?
anyone know ?
Cutie Phantasmer/Farinas [HAX] – CD Casual
Archeage = Farmville with PK
Archeage = Farmville with PK
the spread between buying and selling gems used to be 10 silver for 100gems.. now it is around 20 silver….
what’s the actual buy-sell ratio ?
sell price (100 gems) = 0.75 x buy price(100 gems) ?
anyone know ?
the spread is just a flat percentage, I think its 20% not sure.
sllaw eht no nettirw gnihtemos saw ecno ereht
You should be able to play the market…
This is exactly the thing ANet said they want to prevent. So there is your answer to why the 30% spread.
It’s almost like anet would rather you buy gems with cash.
Shocking.
QFT +1
The man is trying to keep you down with his taxes. This is why you should vote for Romney.
If you’d bought a bunch of gems with gold close to release and waited until now to trade back to gold, you’d still come out way ahead. Price is about 6x higher per gem.
It’s hard to know if there’s another 33% left in the market, though – holiday events are going to spike the prices more than anything else, and after this one we’ve got Wintersday coming up. By January the prices could be dropping for the first time.
They use the taxes for education and healthcare, so you are giving the poor a better chance to survive in tyria…
30% tax is to make speculating not worth the time, keeping the gems/gold market relatively stable, and ofcourse, a nice goldsink.
This is why you should vote for Romney.
I honestly don’t understand why anyone would have any confidence/faith in Romney, let alone any Republican, after the past few months. They’ve shown they’re not even close to competent enough to run a country, let alone one as big as the US.
Not saying you should vote for Obama, but you definitely shouldn’t vote for Romney.
IT’S A SWORD. THEY’RE NOT MEANT TO BE SAFE.
(edited by Waar Kijk Je Naar.8713)
Yeah it’s to prevent people from playing the market. But it doesn’t meant it’s not possible. I still made 60g on buying gems with gold 2 weeks before Halloween event, then selling all the 14k gems for 120g or something like that :P Almost doubled my gold during the peak of the curve spike.
I always thought the conversion “tax” (spread it’s called?) was 27.5%
judging from OP’s post, it’s more than 30% now.