Gold price dropping to $0.25/million tommorrow

[Jaerin]

Confirmed that the price of gold is going to a minimum $0.25/million in the patch tomorrow.

General Improvements:
Players can now cancel their auctions at any point so long they do not have any active bids on them (it will still take five minutes for a listed auction to become searchable, however).
We've increased the maximum stack size of gold per listing from 100,000 to 1,000,000. The minimum listing price will remain at $0.25 per stack.
We've added description text to several error messages. We've also improved several existing descriptions so that they more clearly describe why you've encountered an error.

[DiamondStarFall]

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AH patch link

1.0.4 Auction House Updates - Forums - Diablo III

the minimum for 1M is 0.25. dosent mean everyone would be selling them at 0.25 tho.

[PostToBe]

lol I am happy i got rid of what I had.

[Jaerin]

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the minimum for 1M is 0.25. dosent mean everyone would be selling them at 0.25 tho.

It kind of does...you have to realize there are people that find less than $10-100/day a livable wage. So take bots that farm up 8 million gold a day...that's $4/day. Not bad for them...not worth it for anyone else.

[x00x]

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.

[DiamondStarFall]

It kind of does...you have to realize there are people that find less than $10-100/day a livable wage. So take bots that farm up 8 million gold a day...that's $4/day. Not bad for them...not worth it for anyone else.

i seriously doubt it would go to that low just yet. if a bot gets 8 M its like $2/day before 15%-15% fees and factoring in the risk of getting ban, cd key and equipments would nt justify botting.

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.

[Jaerin]

Mark my words. $0.25 within 2 weeks.

It might not happen instantly but until there is something that is pulling gold out of the market at a decent clip the price will precipitously fall. Gem prices are already well below $1/million so nothing to prop the price up above that.

[x00x]

if that were the case then why aren't black market prices lower as various botters/resellers undercut each other repeatedly? common sellers will run out of supply @.25 way before demand stops. 6 months, maybe, 2 weeks, nah.

but words marked. what surprises me is we haven't had a huge ban wave prior to this patch.

[awp2004]

i guess they realized their game is ****ed

[koevoet]

Alot of people are not posting their bans anymore. There was a huge banwave two hours ago. You will see some more posts about this soon on the forums

[bambam922]

If you look at the AH updates posted 12 hours ago it shows that the minimum stack prcie will remain at .25/stack.
Look at the notes posted an hour ago and that line is removed.

Who knows if it was an intended change.

[Jaerin]

Yeah I think the reason they are trying to avoid saying that is they don't want to encourage that price. There really is no other reason why they are being coy about the message in the first place.

It wouldn't be unprecedented for them to backtrack like that, but in that case I rebuy back in, perhaps a for another small loss and play the market again. If not I let it settle and see if there is anything left to salvage.

[bambam922]

Hopefully they do backtrack.
I'm finally down to 300m to sell and I'd rather sell it all slowly through RMAH than all at once for a reduced price to the chinese.

Maybe this patch will attract some players back so I can sell it all rather quickly like I was a few weeks ago.

[Jaerin]

I hope so too, but I wasn't willing to sit on 894m that I had paid $0.95/m for...

I already took a slight loss on it to dump it, but in the long run I think its the wise choice. Really nothing to be gained by dumping it to be honest...I doubt prices are going to go up so fast or so much that I wouldn't be able to buy back in.

[Nervi69]

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