Why does gold cost so much?

Why does gold cost so much?

in Black Lion Trading Co

Posted by: nirvana.8245

nirvana.8245

So I’m on my way to making my third legendary. The others I grinded. This one I thought, why not throw some of my hard earned cash to contribute to the game and speed up the process. I figure for $50 I might get maybe 300 gold. Nope I get less than 90 gold. Totally don’t see why the transfer rate would promote people buying gems to transfer to gold. The main reason I need gold? For that precursor that I will never be lucky enough to have drop. So a lot of these are going for ~500gold. If I could spend $50 or $100 just to get the precursor Id totally do it despite thinking its a bit rich for a few pixels but thinking its fine because I am supporting the game. But no, it would take me around $300 for the precursor. Yes, this is a rant, but also I’m interested in knowing just what is effecting such a low transfer rate.

Why does gold cost so much?

in Black Lion Trading Co

Posted by: Ursan.7846

Ursan.7846

Because the population as a whole actually does think that these are decent rates to convert Gems → Gold at.

http://www.gw2spidy.com/gem

Since April, the ratio has remained remarkably steady. This means that there’s roughly an equal amount of people converting Gems → Gold vs Gold → Gems. When people convert Gems → Gold, it makes Gems “cheaper”, and vice versa for Gold → Gems (Makes gems “more expensive”).

If enough people thought that the Gems → Gold ratio is too low, then they will not do it, and Gems will get more “expensive” (lowering the “cost” of gold via gems). But you don’t see that. Thus, it can be inferred that enough people find the rate acceptable.

Why does gold cost so much?

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Posted by: Behellagh.1468

Behellagh.1468

Currently the gem chart at GW2spidy is broken for some reason (at least for me). The one at GuildWarsTrade is working but it only shows the Gold to Gem rate. The Gem to Gold rate is 72.25% of that.

http://www.guildwarstrade.com/gems

As for the OP, the Gem to Gold rate mirrors the Gold to Gem rate and as as long as more players by Gems with Gold than vice versa, it goes up. Otherwise it goes down.

Spikes up happen when something sexy goes on sale at the Gem store and then usually decays back toward the pre spike value.

Expect the next spike when the infinite logging axe comes out unless they put bank and inventory slots back on sale before then.

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