Q:
Is there some kind of Cap for the max Prize on Gems?
Gem prices are still extremely low now. Still not worth it to buy gems and convert them to gold. Also there is hardly anything in the shop that is worth buying atm, so expect the price to rise, especially when new items get added.
But RNG/gambling is a bad thing and has to go, I agree.
Gem prices are almost definitely going to keep on rising as more gold enters the economy. With the amount of farming going on there is no real cap on how much gold can be produced, while Gems have a fixed real world value.
If you think about it, it isn’t in the interests of AN for Gems to be EASIER to buy for gold. They want to sell Gems for real world money. It becomes more attractive to buy Gems for real money when those Gems can be converted to more gold. Gold-farmers actually play an important part in the economy and will eventually make themselves obsolete when buying gold off AN, via Gems, becomes more cost-effective than farming.
It’s all quite fascinating.
They relaxed the anti-farm code dramatically a week or two ago. As a result about double the amount of gold is coming into the system as before. This will naturally lead to gems appreciating relative to gold.
What’s funny is that I just got done reading a thread in the general game discussion subforum where a bunch of people were complaining about how terrible it was that $1 worth of gold through ANet (via gems) is still such a measly quantity. The thing that makes it funny is how confident people in both threads are that their own complaints about the exchange rate are absolutely legitimate, despite the fact that their complaints directly contradict each other.
What’s funny is that I just got done reading a thread in the general game discussion subforum where a bunch of people were complaining about how terrible it was that $1 worth of gold through ANet (via gems) is still such a measly quantity. The thing that makes it funny is how confident people in both threads are that their own complaints about the exchange rate are absolutely legitimate, despite the fact that their complaints directly contradict each other.
Very few people are capable of dispassionately assessing the whole system, preferring to focus on their own immediate problem.
On a related note;
I’m pretty sure it’s a fact that gem prices rised due to Halloween. When that event is over, do you think gemprices will lower again or will they stay the same / just keep on rising?
Atm I’m thinking there’s just no reason why gemprices would lower (bad conversion rate, more gold in the game), and that they’ll just rise forever (Faster during special events). I’m thinking that kind of inflation could be pretty detrimental to the community, because it nullifies the entire “Don’t wanna spend $$? You can use ingame gold!” idea for any player that doesn’t farm hard (which I’d guess is at least 75% of the community).
Thoughts?