Gold price dropping to $0.25/million tommorrow

[Huntermoose]

Economically speaking, with gold farming methods being destroyed, and bots original gold methods being banned (sarkoth,core) many people cannot farm going as well as before, and will be only able to make gold through the auction house (which removes 15% of gold, and moves it to another player, to be removed by 15% unless sold for real money)

Gold prices will go down initially after this patch, but as people will start to notice that gold is being removed from the economy at a rate faster than it is being added, it will go back up.
New legendary items being run on the gold AH will cut a lot of gold out.

I have 2.1 billion gold, I'm planning to make a killing in two weeks.

[kindbudz]

Nobody is mentioning paragon levels affecting gold market - although not the most significant change to affect gold you have to think that massive grind will bring a lot of gold into the economy, a % of which might otherwise have come from gold sales. Thus also contributing to gold's decline in value.

[gatoqueri]

no way it stabilizes that low. at that rate people wont farm and supply will atrophy ----> price back up. My guess is 1.25 or so.

They said exactly that phrase when "some idiots" started selling gold under $20. Soon, it was around 12 and I saw a guy saying that the gold price would fall near 1 dollar "until the end of the year and stabilize". Well, three weeks later the gold was at 1.20, went up to 2.0 due bans and IB crisis and now (not even 2 months later) the gold can be bought for 0.80... my guess? Yes, people will sell it for 0.25 cents....

As Jaerin said, there will be always someone to sell that low, even if it is hand farmed.

[gatoqueri]

Nobody is mentioning paragon levels affecting gold market - although not the most significant change to affect gold you have to think that massive grind will bring a lot of gold into the economy, a % of which might otherwise have come from gold sales. Thus also contributing to gold's decline in value.

Well, if anyones cares about my opinion, soon (before february) legendaries will be sold for more than 1 billion.

[Huntermoose]

Well, if anyones cares about my opinion, soon (before february) legendaries will be sold for more than 1 billion.

Truth is, no one but blizzard knows what the true market is saturated with gold wise, people are hoarding it right now in hopes that it will go back up, which will just cause them to drop again once it does.

Another gold sink would help, but there are no gold sinks that can go into effect without pissing people off, but for starters... reduce gold dropped on all difficulties by 50%, paragon will make that up and then some. The less gold added the more taking it out will matter.

Blizzard wants gold to be worth more just as bad as we do.

[gatoqueri]

Truth is, no one but blizzard knows what the true market is saturated with gold wise, people are hoarding it right now in hopes that it will go back up, which will just cause them to drop again once it does.

Another gold sink would help, but there are no gold sinks that can go into effect without pissing people off, but for starters... reduce gold dropped on all difficulties by 50%, paragon will make that up and then some. The less gold added the more taking it out will matter.

Blizzard wants gold to be worth more just as bad as we do.

Yeah, otherwise that would kill the game.
They should raise mobs damage, make good potions harder to find and costier. Potions to raise stats for a few seconds or improve regeneration would help it too.

[Jaerin]

For sure, buff potions and consumables would be a great gold sink.

[Sidelancer]

IMO Price will fall down from $2 to just above whatever it goes for online right now in a week and then stabilize for a bit. So something like 1 to 1.2 $. Then it will slowly go down month after month. Will probably try to dump all gold tommorow for 2 bucks/mil or something.

[KuRIoS]

Gold is redundant already in D3 - that is also why the game is failing so hard!

[materpgod]

The problem is that the people who buy the gold still have the gold. They will buy items with the gold. The person receiving that gold then has the option to sell it for real money or buy more items with it, etc...

The gold isn't going anywhere, save 15% to blizz. Despite this tax, the same gold piece will be sold over and over again. Is %15 enough to take gold out of the economy faster than it is coming in?

People have stockpiles of gold right now and as soon as the patch goes live there will be a race for the dollar. In order to get the rates that they are receiving here, they will need to post it on the ah %30 higher. This will probably be around $1.25 as others have speculated. I believe it will hit this value fairly quickly. Dropping as each person underbids each other until it settles at a value that hurts. Then the 30% fee will always be incentive to trade outside of the ah at all times wherever the price of gold rests. The third party channels will be motivated to avoid assisting it's fall.

As for the buyers, will they come out of the gates buying as fast as they can? Probably not. They will most certainly start noticing the drop and maybe any price below $2.50 will be appealing. A large influx of players will be back for the patch so who knows how many millions will be bought.

So what price will it land on with these two factors?

[sed-]

it might be a desperate move from blizz, sense there are so many gold sellers and blizz isnt maken the money they thought i guess they turned to this. at least if it does drop .25 they will still make money and force gold sellers to go even lower than that. Highly doubt gold sellers would continue at the mass rate if it drops that low due to price of new accounts//time to steal them.

[Wewel]

Currently in EU you can get 0.50-0.60 eur in PayPal account after fees via selling gems.
So I'd expect gold to be around 0.75 eur per million pre-fees once it stabilizes in the next week.

Regarding the price floor, I think they should entirely remove it: any minimum price on gold will result in people selling gems instead or selling outside RMAH.

[CuT]

It's all just too much to worry about for such a crappy game. Sweet I make grocery money at a game. But I'd rather spend that time working on anything to further my profession.

[Forgiving]

Gold prices will be fine. You will be able to sell it for at least 1.50

Troll alert. Troll alert

On topic, guess I wont be getting into d3 if I cant make jack shit off of it

[Assistend]

Haven't read so many baseless arguments in a long time.
Except always on the d3 forums or r/diablo.