What's up with gem prices

What's up with gem prices

in Black Lion Trading Co

Posted by: Azjenco.9425

Azjenco.9425

For a while after release, gems averaged 300+ for one gold. A week or so later the price seemed to have stabilized around +-250ish. About a week ago it plummeted to just over 200 and yesterday I noticed it reached 180. Just look at the graph, it’s climbing like mad.

I guess it’s because of the fact that more characters are max level and gaining a lot more gold. Thus paying more for gems won’t burn such a huge hole in the pocket. But does that mean it will continue until 1 gold equals 20 gems? I hope not.

(edited by Azjenco.9425)

What's up with gem prices

in Black Lion Trading Co

Posted by: A Beastly Stein Shimmy.6179

A Beastly Stein Shimmy.6179

It might, eventually, hit that number, yes, and though it seems like a bad thing for those of us who don’t buy gems, it might not be in the long run.

I might be wrong since I don’t know if arenanet can/will/would inject “unbought” gems into the market, but the price will fluctuate depending on how many gems are available that have been purchased with real money. Basically, you will get more gold for your buck if you sell them through the TP, which will be an incentive for people to buy gold from arenanet instead of goldsellers, but it would also stabilize the gold to gem transfer cost after a while once there is a steady flow of gems bought and people (those whom have the gold to spare) buying them for whatever it will cost in the future.