Guild Wars 2

How does the economy work in GW2? How is it affected (Like how do the values of gold and gems change)? And what affects it? Is it the players selling stuff on the market or something else?

I am curious to know how the economy of GW2 works

Thanks!

The dev John Smith (yes John Smith) who comments on economy questions states that the Gem Exchange consists of two extremely large pools set up when the game launched, one of gems and one of gold. Converting Gems to Gold or vice versa alters those amounts and it’s the relationship between those two that affect the price. If a lot of people buy Gems for gold all at once, like they did for this bag/slot sale, the amount of Gems at the exchange spikes downward while the gold reserve at the exchange spikes upward and poof, the price for Gems shoot up.

Gems are destroyed in the world when spent and only added when purchased for cash. In theory is as the exchange rate for Gems to Gold increase players will start cashing their Gems for gold, restocking the exchange a bit or outright buy Gems for cash and convert those to twink a character’s bank, also restocking the exchange.

At least that’s what I got out of his comments about the exchange.

There are a lot of currency’sin the game, but when it comes to player/player interaction there are two mayor currency’s
a: gold
b: gems

Gems are very straightforward. you use them in the gemstore to get unique or nearly unique items. You can buy them for reallife money or for in game gold (but you are always buying them from a person who bought them with ingame gold). So very straight forward.

The real economy is game gold. The most important trade market is the black lion’s trading post. The problem with is that still too many people don’t know how it works.

a: when putting on something on it for sale you loose a fee for adverstising to Anet.
b: never go for the highest offered price. bout every item (atleast what Ive encountered) is allready for sale, so match the lowest seller or, if you want to be cheeky go one or two copper below that price.

There are methods of working the market, but basicly it deals with buying stuff from people who didn’t do point A (they sold for the lowest offer, wich would be yours then) and sell it according to point B (the price it is actually worth). (actually it is just like reallife, people buy things for low prices, and sell for high prices, the thing is if your are a trader or a consumer )

Ohh I see! Thanks a lot guys for replying

Thanks for clearing that up