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I just converted all my gold to 2600 Gems today


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#1 Castaa

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Posted 18 December 2012 - 11:54 AM

I'm not sure if I made the right decision.  The gold price of gems abruptly dropped to a low of around 1.65 gold for 100 gems. Though I didn't purchase them at the absolute low. I'm not sure what caused the drop.  Probably will spend the gems on bank slots.

Edited by Castaa, 18 December 2012 - 12:07 PM.


#2 Vayum

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Posted 18 December 2012 - 08:03 PM

all you can do is pray and wait, going all in is a dangerous gamble, good luck!

#3 Vysander

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Posted 18 December 2012 - 08:12 PM

Well, you're not investing, you're using, so its probably not a terrible time.

Gems could dip in price a little bit after the holiday event, but i really think it will increase fairly steadily over time. There is no reason for gems to go down in price.

#4 Castaa

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Posted 18 December 2012 - 09:27 PM

Thanks for the replies. Ya, I no plan on converting them back to gold but I guess it's an option.  I only purchased a single bank slot since that's all I needed at the moment.  I am kind of going by the idea that over time gem prices will only go up since as players level up, their gold making abilities also increase.  And Anet has little to no reason to keep prices low since they sell the gems alternatively for cash.

It's funny, that I've been playing GW2 since September and the only significant gold purchase I've made is to purchase 5000 gems in total.  2400 for character slots.

I'm not sure what that says about the game.

#5 Mif

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Posted 18 December 2012 - 09:31 PM

There is a pretty big gap between the buy and sell prices to prevent gems becoming a market: http://www.gw2spidy.com/gem

Although you can make a profit if you invest over a long enough time frame.

#6 TGIFrisbie

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Posted 18 December 2012 - 09:38 PM

As long as you are getting them to use, you can't lose.  Trying to flip them costs so much in losses you have to wait a considerable period for the price to jump high enough to make out with anything above what you invested.

#7 MisterSin

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Posted 19 December 2012 - 06:21 AM

I have 16k gems, and waiting for prices to go up
I need gold damn it
But I saw what you did there
I check exchange rate daily and yesterday it was as low as 1,23g per 100gems
So thats how you got them

#8 Coren

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Posted 19 December 2012 - 10:20 AM

Still really high, you guys think there'll ever be a... Maximum limit we can expect? Went from 25 silver to.1.5 in 4 months.

#9 Vysander

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Posted 19 December 2012 - 01:54 PM

View PostCoren, on 19 December 2012 - 10:20 AM, said:

Still really high, you guys think there'll ever be a... Maximum limit we can expect? Went from 25 silver to.1.5 in 4 months.

nope.

The exchange rate is loosely based on inflation, and its called inflation for a reason. Hopefully they dont increase in cost at the rate they have been, but i dont see why they would ever go down.

#10 Coren

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Posted 19 December 2012 - 01:59 PM

View PostVysander, on 19 December 2012 - 01:54 PM, said:



nope.

The exchange rate is loosely based on inflation, and its called inflation for a reason. Hopefully they dont increase in cost at the rate they have been, but i dont see why they would ever go down.

I knew I should've bought those gems 2 months ago... Oh well, maybe this will be the first time I use real money for my gems.

#11 Coldman

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Posted 19 December 2012 - 03:35 PM

They'll stagger at a certain point when people don't think the gems they get is worth the gold. This of course varies between people, but I can almost say with 100% confidence that no one will buy 100 gems for 100g, So it should be somewhere in between there.

There will be a certain point where the 'average' player can't buy anything from the gemstore because they don't have enough gold to convert to get the item they want. That is the new gem price we're going towards. Until the population average increases (i.e. the average player makes more money)

#12 Serris

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Posted 03 January 2013 - 08:43 AM

View PostColdman, on 19 December 2012 - 03:35 PM, said:

They'll stagger at a certain point when people don't think the gems they get is worth the gold. This of course varies between people, but I can almost say with 100% confidence that no one will buy 100 gems for 100g, So it should be somewhere in between there.

There will be a certain point where the 'average' player can't buy anything from the gemstore because they don't have enough gold to convert to get the item they want. That is the new gem price we're going towards. Until the population average increases (i.e. the average player makes more money)

i'm pretty sure if the 'average' player cannot convert enough gold to gems, he'll just buy them with cash.




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