Chinese Gold Buying and Exchange Rates

Chinese Gold Buying and Exchange Rates

in Suggestions

Posted by: Lister.5678

Lister.5678

I’m not sure if this is even a suggestion or more of an observation/thought.

Those people who buy gold off websites for silly low amounts then go to use said gold to trade for gems, in return driving the rate incredibly low for those who play legit and don’t have crazy gold amounts. I found myself wondering what the rate could be if the dreaded gold buying wasn’t there.

Almost makes me think it’s planned, every MMO has gold sellers no matter what, ANet are obviously going to know that, and know the rates will fly down which would entice people to pay irl money for gems. I don’t care in most games about gold buying, it doesn’t really affect me other than Auction House prices, but this really affects the ability to use the in-game store using in-game currency.

Chinese Gold Buying and Exchange Rates

in Suggestions

Posted by: Psaakyrn.5794

Psaakyrn.5794

I don’t see your point. You already can sort of officially buy gold by buying gems, then trading for gold.

Chinese Gold Buying and Exchange Rates

in Suggestions

Posted by: drifter.8453

drifter.8453

I don’t see your point. You already can sort of officially buy gold by buying gems, then trading for gold.

this all looks good on paper, but have you ever trade gems for gold? The ratio of gold is a bit low for the price of gems. Probaly why the botters and sellers are still in game. Players get more gold worth for their money.

Chinese Gold Buying and Exchange Rates

in Suggestions

Posted by: Lister.5678

Lister.5678

I don’t see your point. You already can sort of officially buy gold by buying gems, then trading for gold.

The point is that paying £8.99 for gems is more expensive irl money wise than buying Chinese gold and trading for gems. There’s auction house prices going down with botters, gold to gem rates hitting the floor from gold buyers. That is my point.

Chinese Gold Buying and Exchange Rates

in Suggestions

Posted by: Innocente.4271

Innocente.4271

The real issue is that ArnaNet is not allowing the FREE trade of Gems<→Gold. They are capping the market artificially and skimming huge amounts in the transfers.

The external Gold Sellers will sell you four to five times as much gold on the dollar as ArenaNet will via the Dollar→Gems→Gold and Gold→Gems transactions.

Thus, ArenaNet is actually encouraging the usage of external Gold Sellers by controlling the market (they think) to their advantage.