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Gem's virtually worthless when trading for Gold?


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#1 Zybane

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Posted 09 September 2012 - 06:03 PM

I did a quick calculation and $50 worth of Gem's get's you approximately 10 Gold. A suit of level 80 "rare" armor costs ~120 Gold. So, if I did the math right, a set of level 80 armor cost six hundred USD. Is this a joke? :o

#2 Asudementio

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Posted 09 September 2012 - 06:06 PM

View PostZybane, on 09 September 2012 - 06:03 PM, said:

I did a quick calculation and $50 worth of Gem's get's you approximately 10 Gold. A suit of level 80 "rare" armor costs ~120 Gold. So, if I did the math right, a set of level 80 armor cost six hundred USD. Is this a joke? :o

Should keep people from buying gold.

#3 Biowarp

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Posted 09 September 2012 - 06:06 PM

The value fluctuates. It's purposely done this way so that (most) players cannot (Pay to Win). Of course, if you are of the super rich, or just don't give a shit, then you can still buy Gems for Gold, yes. Gems are not (worthless), as the value does not fluctuate with items in the Gem Store itself, so you do have a definite value for these products.

#4 Zybane

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Posted 09 September 2012 - 06:08 PM

It's not just about "paying to win". The point is, even if you got all of your gold by normal game-play, the not even that good cultural armor sets are so expensive you can basically never afford them. Completely silly.

#5 Hanson71

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Posted 09 September 2012 - 06:09 PM

On the flip side... you can buy the digital deluxe version for about 5 gold XD

#6 Matsy

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Posted 09 September 2012 - 06:11 PM

Its amazing, I can buy whatever I want, anytime I want with virtually no gold.
I could buy like 10k gems right now If i wanted and still have gold left over.

#7 YourBadKarma

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Posted 09 September 2012 - 06:12 PM

View PostMatsy, on 09 September 2012 - 06:11 PM, said:

Its amazing, I can buy whatever I want, anytime I want with virtually no gold.
I could buy like 10k gems right now If i wanted and still have gold left over.
Which is why gems are worthless. These things about "yeah well now you can't pay to win" are stupid, because Anet is going to be making limited money on their gem store.

#8 murasamune

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Posted 09 September 2012 - 06:15 PM

what they need to do is introduce different services like other MMO's for money

introduce mounts

sell a racechange/face change whatever

cash shop it up

#9 Soylent

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Posted 09 September 2012 - 06:31 PM

As time goes by you'll be able to get more gold for your gems. The 120g rare armor is overpriced as hell, you'll be able to get exotics for less.

#10 Teste

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Posted 09 September 2012 - 06:31 PM

View PostYourBadKarma, on 09 September 2012 - 06:12 PM, said:

Which is why gems are worthless. These things about "yeah well now you can't pay to win" are stupid, because Anet is going to be making limited money on their gem store.

This is somewhat true. ArenaNet should have kept the price of Gems artificially high, since now, between the low demand for converting Gems to gold, and the lack of interesting things in the Gem Store (the "funny" skins don't really cut it, and the other skins there aren't that interesting), there is little to no reason to spend money in the in-game store.

ArenaNet should offer more town clothes, and similar aesthetic-only things. The /plane emote would be a hit.

#11 Arkantos

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Posted 09 September 2012 - 06:34 PM

View PostZybane, on 09 September 2012 - 06:03 PM, said:

I did a quick calculation and $50 worth of Gem's get's you approximately 10 Gold. A suit of level 80 "rare" armor costs ~120 Gold. So, if I did the math right, a set of level 80 armor cost six hundred USD. Is this a joke? :o

That's because the gem/gold exchange wasn't implemented to be able to essentially buy gold.

Tyria, here be dragons

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#12 Yawg

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Posted 09 September 2012 - 06:34 PM

Overpriced armor is overpriced. There are plenty of way cheaper alternatives.
Gold is also very expensive, even on shady websites that are likely scams.
It will however NOT stop people from buying gold - they will just need to spend more.

#13 Biowarp

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Posted 09 September 2012 - 06:38 PM

View PostArkantos, on 09 September 2012 - 06:34 PM, said:

That's because the gem/gold exchange wasn't implemented to be able to essentially buy gold.

^

They'll introduce more Gem items to the cash shop. They'll have to if they want the money.

I doubt the Gem to Gold rate will ever go up that high since it's obvious it was never supposed to.

It's just another option for the super rich because if the Gem to Gold value is too good, then everybody would just buy Gems, and Gold would be worthless, thus creating another thread like this, except in the opposite order.

#14 Silvercat18

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Posted 09 September 2012 - 06:47 PM

They can have my money, but only when i actually get some town clothes to choose from that dont make me look like a boxer, pirate or clown.

#15 Quested

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Posted 09 September 2012 - 08:15 PM

If the gem to gold conversion becomes out of whack with gold sellers
Then gold sellers will run rimshot in gw2

If gw2 becomes more aggressive on gold sinks thus chasing the gem to gd conversion to remain high
Arena could make it not worth gold sellers time and I think gw2 would be much better off

#16 Reason on Cooldown

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Posted 09 September 2012 - 08:32 PM

ANet actually has a game economist to monitor and tweak the economy for GW2.  Alter trading post listing cost, altering gem store prices and actual gem costs can all change the balance between currency exchange, if they feel it's warranted.

Also keep in mind that this game is VERY young.  A lot of players have jobs/school and cannot play a lot, and therefore likely don't have a lot of gold to trade for gems, hence gem trading is not in high demand right now, therefore gems are not that valuable right now.  I've been in since minute one of the headstart and yet my highest character is level 28, and can't even afford the 1g cost of the Master's Training Manual.

I also don't personally believe gold sellers can ever corner the market in GW2.  It's basic economics.  As long as players control the currency exchange rate, they can always sell gold for cheaper that the gold sellers.  But that's just one microeconomics class talking.  That's why GW2 has a game economist on staff for these things and not me. :)

#17 Ironbars_Kalam

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Posted 09 September 2012 - 08:38 PM

How do you come up with 120 gold for the lvl 80 rare?  I crafted my lvl 80 exotic for about 4 gold and that was with buying most of the Globs of Ecto and farming most of the mats.  So many people act like end game gear is hard to get, pick up a craft or make friends with a crafter it really couldn't be any easier.

#18 Tweek-

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Posted 20 September 2012 - 09:05 PM

View PostIronbars_Kalam, on 09 September 2012 - 08:38 PM, said:

How do you come up with 120 gold for the lvl 80 rare?  I crafted my lvl 80 exotic for about 4 gold and that was with buying most of the Globs of Ecto and farming most of the mats.  So many people act like end game gear is hard to get, pick up a craft or make friends with a crafter it really couldn't be any easier.

He's talking about the cultural armour sets. The Tier 3 cultural armour is about 120 gold for the complete set. Yes that's the real price, and yes it's a little ridiculous.

#19 Shiftedgw2

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Posted 20 September 2012 - 09:09 PM

Gems are worth almost nothing because there's a huge volume of people buying them with real life money in order to get gold. It's all about offer and demand. Most people would be amazed at how many fellow players buy gold, it's a huge industry.

#20 Nox_Aeterna

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Posted 20 September 2012 - 09:56 PM

Im amazed someone even consider trading gems for gold.

At least for now , gold sellers prices are much better.

I dont mind paying them over Anet for gold really, but since it is so easy to buy gems and get gold atm i dont see why give money to either.

#21 Matsy

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Posted 20 September 2012 - 09:59 PM

The gold to gem prices have gone to crap since the TP went up for real awhile ago.  The amount of gems you get for say 2g has basically halfed and its still going up.....gotten to a point where I wont be buying any gems for gold any time soon, luckly I bought about 6k worth before the price sky rocketed...

Edited by Matsy, 20 September 2012 - 09:59 PM.


#22 Craywulf

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Posted 20 September 2012 - 11:04 PM

View PostYourBadKarma, on 09 September 2012 - 06:12 PM, said:

Which is why gems are worthless. These things about "yeah well now you can't pay to win" are stupid, because Anet is going to be making limited money on their gem store.
Quite opposite. People don't use gems to solely buy gold. Give it a year and you'll see more items in the cash shop.

#23 HawkofStorms

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Posted 20 September 2012 - 11:15 PM

The prices are based on supply and demand.

Which means a lot of people are buying gems and turning around just to sell them for gold at this price.

I suspect the exchange rate will go up as inflation occurs and people find more efficient ways to farm gold.  Further, people who spend a lot of money in the cash shop are by definition impulse shoppers, will likely stop playing this game in a few months (because they will also be impulse shoppers in real life and probably buy and play a lot of other video games).  Thus your gold will be worth less and you will get more gold per the same amount of gems.  This won't help you any for buying rare stuff off the trading post, but for expensive stuff from merchants which stays constant the price relative to gems will go down.

Edited by HawkofStorms, 20 September 2012 - 11:17 PM.


#24 Shatteredz

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Posted 20 September 2012 - 11:27 PM

View PostBiowarp, on 09 September 2012 - 06:38 PM, said:

^

They'll introduce more Gem items to the cash shop. They'll have to if they want the money.

I doubt the Gem to Gold rate will ever go up that high since it's obvious it was never supposed to.

It's just another option for the super rich because if the Gem to Gold value is too good, then everybody would just buy Gems, and Gold would be worthless, thus creating another thread like this, except in the opposite order.

Of course it will go up. Since 1 week gem prices are going up by 5~10% a day. I bought 7k gems with my in-game gold, atm its worth more then it costed me already.

Once more people get 80 and gain gold faster, gems will go up in price, for the next few months at least. Also gems will rise even more when new items are added to the shop.

#25 Maconi

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Posted 20 September 2012 - 11:30 PM

View PostAsudementio, on 09 September 2012 - 06:06 PM, said:

Should keep people from buying gold.

You can buy gold from gold sellers for $15 for 10G right now if I'm not mistaken. People will always take the easy way and right now people will take the black market gold over ArenaNet's gold.

Look @ D3 for an example.

#26 Daesu

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Posted 20 September 2012 - 11:48 PM

I am surprised they still haven't done anything about it since this is hurting them.  The low value of gems is precisely why I am not buying gems with real money at this time.  Furthermore, they are driving people towards the gold sellers who offer much better rates.

Seems I have underestimated the amount of gold sink in this game.  Either ArenaNet is aiming to create a strict laissez-faire economy or they are waiting for the gem value to drop even further before taking action.

Considering the huge amount of gold sinks in this game, they should buy back their own gems with in-game gold to raise the value of the gems relative to gold.

Edited by Daesu, 20 September 2012 - 11:54 PM.


#27 Sponx

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Posted 21 September 2012 - 12:07 AM

In time they will release more items, character re-customization, character re-naming and probably some other stuff aswell. I'm pretty sure of that, but they'll have to sort out the kinks of the game first.

#28 Aizea

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Posted 21 September 2012 - 12:09 AM

View PostZybane, on 09 September 2012 - 06:08 PM, said:

It's not just about "paying to win". The point is, even if you got all of your gold by normal game-play, the not even that good cultural armor sets are so expensive you can basically never afford them. Completely silly.

Ugh...........do people still not realize the purpose of cultural sets?

The only real purpose of cultural sets (and dungeon sets really) are purely for looks.

They are the obsidian armor of GW2, simple as that.



Also, I saw someone in full female human tier 3 heavy armor last night.........so yeah, you can eventually afford them.

Edited by Aizea, 21 September 2012 - 01:29 AM.


#29 Caiden

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Posted 21 September 2012 - 12:47 AM

View PostZybane, on 09 September 2012 - 06:03 PM, said:

I did a quick calculation and $50 worth of Gem's get's you approximately 10 Gold. A suit of level 80 "rare" armor costs ~120 Gold. So, if I did the math right, a set of level 80 armor cost six hundred USD. Is this a joke? :o

Holy crap...you can't be serious. I feel bad if this is true on your server. A full set of level 80 Exotic armor, costs ~12 gold on Tarnished Coast. Weapons are 3-5 gold each, jewels are 2-4 gold each. You can get decked out in about 25 to 30 gold.

That takes...maybe 4 days to get? I'm glad the Gem to Gold ratio is inefficient. Tis the way it should be in my view!

Edited by Caiden, 21 September 2012 - 12:48 AM.


#30 Daesu

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Posted 21 September 2012 - 12:51 AM

View PostCaiden, on 21 September 2012 - 12:47 AM, said:

That takes...maybe 4 days to get? I'm glad the Gem to Gold ratio is inefficient. Tis the way it should be in my view!

Good for players who don't want to spend real money, but bad for ANet.  Like I said, if the price of gem is so dirt cheap in gold, then why buy gems with real money?  Even if I do intend to buy gems with real money ultimately, it wont be at this poor rate.

Edited by Daesu, 21 September 2012 - 12:53 AM.





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