Would it be illegal to
If someone is good at this TP game, (s)he most likely has enough capital by now to keep doing it. You sure (s)he wants to give you cut? Unless you’re offering significant investment, I don’t see anyone (honest) needing your gold to keep rolling their business.
And hey, even if you do have enough gold, let’s say 2000-5000, to make significant difference, what kind of intrest were you hoping? 1%(20-50) might be bit little on weekly basis for you and 5% (100-250) might be too high for one doing the dirty work for you. No sense in working double as hard if personal profit isn’t at least double as high. And were you to have 5k gold, why would you need more? I found out that having gold is good mainly for having gold after certain treshold. There is fun in it for some of use, true, but not all. (Unlike eve where you can use isk for soooo much.)
Anyway, don’t be offended. I personally just find your propostion silly. ^^ Someone who just wants your gold, however, will find it extremely interesting.
Also, let’s not forget your question.
If you wish to “avoid the radar”, you could use guild for gold transfers. It has nice log too.
Outsource rng → profit.
It’s not a matter of them needing my gold, it’s about i pay them for something they are (very) good at and i’m not and for something they enjoy doing and without any risk to them. I can have my money invested and managed for me in real life in return for a commision or percentage of the profit why not have someone do the same for me in a game.
Just for an example: I give them 50g and they make it into as much as possible within X amount of agreed time for which they get 10%. If for example they manage to make a 1000g out of my 50g that’s 100g for them and 850g profit for me. All the risk being on me in potentially loosing 50g max and them nothing.
Even for a big player a 100g is still quite a lot i imagine.
And as said this is apart from any trust issues, I dont see anything silly about it. It’s just a matter of what Anet thinks about this since it could be seen as perhaps player-player trading outside of the TP and potentially large sums of money changing hands for what seems like nothing in return or some other violation of the user agreement.
There is nothing you can do in game that is “illegal” (unless you’re somehow breaking laws), pretty sure you’re referring to “being against the Terms of Service”.
Anyway, it’d only be against the ToS if someone played on your account. You have no issues, outside of trust, giving people money to play with. Just be aware that ANet will not support you if you don’t get your money back.
The question that needs to be answered is “Why would they do it?”
Someone that is good at TP usually have plenty of money so they dont need your money to finance anything. In your example they could just do the work with their own funding and keep all the profit.
At higher level TP trading we are talking of either mass market which is low return or high market items which are slow to sell. When you go over 5k gold there isnt really any reason to go any higher so what would motivate someone to provide the service you are describing?
it might be a friend of him that would be doing it.
and to answer as far as i know there is no rule stateing that your not allowed to do it your just not allowed to do it if anything from outside the game is involved.
Ayano Yagami lvl 80 ele
Anyway, don’t be offended. I personally just find your propostion silly. ^^ Someone who just wants your gold, however, will find it extremely interesting.
The entire investment industry would no doubt disagree as to the “silliness” of this idea… Using someone else’s money to make learned and intelligent investments for a profit, which is then split between the parties is how investment banking WORKS. That said, I’d be careful with this for several reasons:
1. I have no idea how the terms and Conditions apply to this scenario… I’d have to take a look. Very likely, if ANet saw large gold transactions going back and forth between accounts, they’d suspect you of being a cog in a gold farming operation AT MINIMUM, so be ready with your defense (quoting whatever passages from the Ts&Cs you think make what you’re doing acceptable) ready at-hand for the inevitable email from ANet security announcing your account lockout. And…
2. Just as in the real world, there are no doubt plenty of people that will CLAIM to be
“investment wizards” and who will promise you ridiculous returns, but most of these people are either 1) scammers or 2) fooling themselves. In banking, there’s licenses and Federal regulations that control the industry, and which protect the consumer from fraud, but no such controls exist in virtual economies (at least as far as I’ve ever heard of), so be VERY careful who you use as your “financial adviser”. Bottom line is if you get scammed out of all your hard-earned gold I seriously doubt ANet will do anything to reimburse you…
Good luck though!
Well, if we must insist, sure. I’ll try stop posting to topic after this reply, since I’m not really bringing anything new to the table for OP.
@ ImagoX
Yes, real life investmentmarket doesn’t find this silly. You know why? Because they can do large scale business due large amount of investors leading large capital. From example sum that Synda Rainess offering, 100g, we’re talking about really small scale investment. Good TP player could use 50×100g and make difference with that 5000g, but that requires more investors, and a lot of trust. Mere 100g, alone, should be something “good” TP player earns in day or two, or at max from weekly rotation. Good one shouldn’t “need” mere 100g. As aeneq said, they can finance that themselves and keep profit themselves. In eve, with way more complex market, such ivestment groups do exist. We’ve more simplistic market, however, and are playing with different ruleset. Real life investment industry has thousands, well, millions of clients and those clients to bring a lot of money to the table. More than one week salary, you know.
@OP
To read between lines and adding my own to what ImagoX said; Someone interested in your money is most likely a scammer or a fool. Makes bigger fool to belive such, too good to be true (for example; 100→850g) offers. 1900% value increasement to your money, basically 20x folding it, and giving you 90% from profit sounds far fetched for me. You want someone qualified to take care of your money? Pay them accordingly and offer something they don’t have on their own. If they’re good at TP game then they have several thousand gold (and most of it in inventory, since, you know, money sitting in bank doesn’t grow). To them 100g ain’t much. You can farm that in a week, or 250g+ if you really put your mind to it and have nothing better to do. =/ I don’t find such farming fun myself. 1k g invesment might make someone interested, but that’d be quite heavy risk. If you however have such kind soul willing to help you out of the goodness in his/her heart, and specific person doesn’t belong to the fool category, lucky you.
Untill that, watch out. TP is hostile pvp environment. Sharks and clowns everywhere – and I’m just one of the clowns!
Outsource rng → profit.
The biggest challenge when playing the TP once you’ve got a good amount of money…is finding ways to invest all of it. If you can actually get it all in stuff you’re doing extremely well. 99% of the time that doesn’t happen.
It isn’t like the real world where investing twice as much money in something doesn’t take extra work.
any investment on the TP will decrease other investments. If they have their own investments, then them investing for you would decrease their own. the only time this would work is if they knew of investment opportunities and didn’t have the funds for it.
then again… one option for this: long term investments. give someone 100g, they buy several different items and hold it in their bank. when you tell them, they sell it and give you 75% of the profit. more like a stock market than investing…
Mystic’s Gold Profiting Guide
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It wouldn’t be illegal no.
As has been pointed out, after a pretty modest amount of gold it becomes challenging to find enough places to park your money that might give a return.
I’d look at doing something like this if I could raise in the neighborhood of 10,000 gold, at which point I could churn out precursors for sale with regularity…but short of that, I don’t see the value.
If someone is good at this TP game, (s)he most likely has enough capital by now to keep doing it.
Er… The thing is, I play the TP a lot, and I’ve made stacks of gold doing it. Actually, I would certainly be willing to flip for somebody else in return for gold. Perhaps I’m being naive, but I think that I fall under the category of being “good at the TP game”.
That being said, I have a very bad tendency to have very little gold on me. :c I’ll usually start building up a decent bit, and the next thing you know, I burn it up with a purchase on a single exotic. Currently, in purely liquidable currency, I own something along the lines of an impressive amount of 2g. I’m not even fully exotic yet, lol.
The point is that, while I have made a decent bit of money flipping on the TP with very small starting amounts- 1g, for example- I still make more profit and, quite honestly, have more fun farming for gold. So this statement isn’t completely true.
Lacking some kind of legal system where I could be ensured of getting my money back in case the person offering their services turns out to be a scammer, I will NEVER share my gold with anyone else in GW2. :P
Thanks for the replies.
I’m not naive, so i would not just give anyone a bunch of gold. I realize the ratio scammers to good people is about 75-25% or something close to that where large (though reading people have 5k+ gold and turn a 100g in a few days, what i have to invest is mere change to them ;-) ) amounts of gold are concerned.
But if there happened to be someone in my guild or someone i get to know better ingame over time that is good at making money at the TP what i’m aiming for is that i give them that money to “invest” or rather play with. They are playing the TP anyway so i’m hoping on some goodwill that it does not matter to them they play with a bit of extra gold and return what that little extra provides to me. Either for free if they turn out to be a philantropist or for a share to keep things honoust. Perhaps they might even enjoy the challenge to start all over and see if they can again make alot of money with X amount starting gold.
My main concern though, and that’s why i asked, is not for me possibly loosing my gold but, if i find that kind enough person, is that they do not get into trouble if the gold transfers are getting big and it gets on Anets radar. Though Anet can easily monitor the transactions between us and see what i do with the money and how the other person got the gold in the first place. Off course it could be the other way round and the person turns out to be a cog in the goldseller business, but i still have enough faith in humanity left to not see a hungry bear around every corner.
LOL Finally it might even be in their own best interest, because if i decide to learn to play the TP i might just become a seriously dangerous competitor haha ;-)
Thanks for the replies.
My main concern though, and that’s why i asked, is not for me possibly loosing my gold but, if i find that kind enough person, is that they do not get into trouble if the gold transfers are getting big and it gets on Anets radar. Though Anet can easily monitor the transactions between us and see what i do with the money and how the other person got the gold in the first place. Off course it could be the other way round and the person turns out to be a cog in the goldseller business, but i still have enough faith in humanity left to not see a hungry bear around every corner.
Eh. I doubt they’d ban you, it’s not like you’re cheating or anything. Actually, flipping creates something of a positive effect on the market, by adjusting supply and demand to the point where they are in equilibrium. You’re simply making money off of setting markets to equilibrium. That’s important.
So, to answer your concern, as long as you aren’t botting or anything, I see no reason why ANet should ban you, in all honesty.
My main concern though, and that’s why i asked, is not for me possibly loosing my gold but, if i find that kind enough person, is that they do not get into trouble if the gold transfers are getting big and it gets on Anets radar.
I think that’s a valid concern and my suggestion would be to put enough information in the e-mail transferring the gold to explain what’s going on so when someone at ANet does look at it, they don’t have to do any detective work to figure it out.
Ask your in-game advisor for statements detailing the performance of your investments
He might start thinking he knows what’s right for you.
—Paul Williams
ANet isn’t going to care until they start getting complaints of being scammed. Even then, they may not care because you would have been the person stupid enough to send gold to a total stranger.
You do have to consider how many problems could arise, though. Playing the TP is just another form of gambling, albeit a more informed version. There will be times where you barely breakeven. What would happen if you gave gold to someone, and they lost 10% of it through sheer bad-luck?
Secondly, if the person was legitimate, it would be hard to keep track of. Think of it this way: 5 people give me 10 gold each. I started out with 50 gold, and a week later have 75 gold. Who gets it first? How do I apportion it? Also, what if someone demands their investment back after 1 day (while I currently have it sitting on bids, or waiting on items to sell)? There are just so many problems that I could think of, it isn’t even worth it. Add on top of that the fact that I’m investing my own personal gold at the same time. I would have to hire an IRL accounting firm just to keep track of it all.
I personally might do it for a friend or family member playing GW2. I also may do it for my guild as a whole (not for individuals). Other than that, though, all of the administrative stuff would make it a nightmare and not worth it.
Guildmaster of [CORE] Company of the Red Elite