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 Why the gold's value drop a lot?

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TSchoonyink
post Sep 10 2012, 01:15 AM, updated 14y ago

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I have some gold in hand and try to sell it off in RMAH but the value is very low compare to few days ago.
Few day ago i saw it priced at USD1.70 per mil but now USD1.34? vmad.gif
Kinda sad now but few days back my paypal account is not ready yet.

Will it raise again? Should i wait?



ToddStarz
post Sep 10 2012, 01:24 AM

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supply and demand.. seems like supply went up and demand went down..
TSchoonyink
post Sep 10 2012, 01:31 AM

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Then i shall hope for supply shock inflation cry.gif
From 1.7 to 1.34 the difference is huge sad.gif
nightshade_nova
post Sep 10 2012, 01:38 AM

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I can assure you that it will go back up.
Its confirmed by many people that gold dropped by mobs are significantly reduced since patch 1.04.
TSchoonyink
post Sep 10 2012, 01:46 AM

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QUOTE(nightshade_nova @ Sep 10 2012, 01:38 AM)
I can assure you that it will go back up.
Its confirmed by many people that gold dropped by mobs are significantly reduced since patch 1.04.
*
Ya hopefully what u said will become true. I have searched forum as well. It might caused by current gold excess.
Quazacolt
post Sep 10 2012, 02:51 AM

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QUOTE(nightshade_nova @ Sep 10 2012, 01:38 AM)
I can assure you that it will go back up.
Its confirmed by many people that gold dropped by mobs are significantly reduced since patch 1.04.
*
^

rofl.
biatche
post Sep 10 2012, 02:57 AM

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why should it go back up when many have already geared up and many quit as well.
nightshade_nova
post Sep 10 2012, 03:33 AM

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QUOTE(biatche @ Sep 10 2012, 02:57 AM)
why should it go back up when many have already geared up and many quit as well.
*
I heard from an avid botter that nobody bot for gold anymore but for legendary and p-level.
That, combined with nerfed gold drop, will surely impact the gold somehow.
Just my 2 posen, but rare gears not selling for squat might also contribute to gold demand later on.
rare not selling+less gold drop>occasional sucky legendary>casual fag turns to buy gold>demand goes higher.

For now maybe the slump of gold price is attributed by low demand+impatient gold sellers wanted to meet their profit.

I could be(very) wrong, though.The plevel might actually boosted the gold botters even with nerfed gold drop rate?
Just shooting in the dark from what small intellect I have. tongue.gif
biatche
post Sep 10 2012, 03:48 AM

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we shall see, i predict a 1.1 to 1.2 low before going back up for other reasons.
shin6619
post Sep 10 2012, 06:54 AM

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Less ppl will buy gold in ah.. Because more expensive.. Other website fast and cheaper .. Now on9 gamer only sell 1m rm3.3
Lawolfe
post Sep 10 2012, 07:28 AM

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good.. waiting for it to hit the record low of RM2.5 per mil then i'll start buying like mad.

if there are new items coming out in the future patches, that would also contribute to an increase of gold value as well.
ALeUNe
post Sep 10 2012, 09:34 AM

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QUOTE(Lawolfe @ Sep 10 2012, 07:28 AM)
good.. waiting for it to hit the record low of RM2.5 per mil then i'll start buying like mad.

if there are new items coming out in the future patches, that would also contribute to an increase of gold value as well.
*
Err... the record low is MYR1.6/million.
Lawolfe
post Sep 10 2012, 09:35 AM

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QUOTE(ALeUNe @ Sep 10 2012, 10:34 AM)
Err... the record low is MYR1.6/million.
*
really?? when was that? drool.gif

k imma wait longer then. brows.gif brows.gif
ALeUNe
post Sep 10 2012, 09:37 AM

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QUOTE(ALeUNe @ Sep 10 2012, 09:34 AM)
Err... the record low is MYR1.6/million.
*
Many times it hit MYR1.6/million.

The very last time it hit MYR1.6/million was 2-3 weeks before patch 1.04.
yuhhaur
post Sep 10 2012, 10:03 AM

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Why buy gold when you can farm the equipment yourself?

I haz sadding because even the nice equipment are not able to sell lately. Be it AH or RMAH.
Cmon, a 700dps 1H + socket + CD + Lifesteal can't sell for 5m and above shakehead.gif (no main stat + lower dps's problem)

With the new search filter system people are more choosy in the purchasing.
ALeUNe
post Sep 10 2012, 10:16 AM

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QUOTE(yuhhaur @ Sep 10 2012, 10:03 AM)
Why buy gold when you can farm the equipment yourself?

I haz sadding because even the nice equipment are not able to sell lately. Be it AH or RMAH.
Cmon, a 700dps 1H + socket + CD + Lifesteal can't sell for 5m and above shakehead.gif (no main stat + lower dps's problem)

With the new search filter system people are more choosy in the purchasing.
*
Good and bad.
I bought 2 x fist weapons with crit dmg and 900+ LOH for 10 million combined. laugh.gif
OnGx2
post Sep 10 2012, 10:27 AM

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the gold price in AH highest went to $1.95/m for a few days...and last night i checked it was $1.50/m
yeah it's kinda sad, got 150m+ in stash now and not willing to sell...
pm me if u have any idea what i can buy and sell on RMAH, for like $1.80+/m will be satisfied ^^

abcstop
post Sep 10 2012, 11:25 AM

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shall keep on dropping due to the paragom level as the higher you get, the more gold you can farm
TSchoonyink
post Sep 10 2012, 12:54 PM

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this morning it raised to USD1.44 but now USD1.40, seems like dropping again...
-VigRouX-
post Sep 10 2012, 01:03 PM

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Got website sell gold in RM ah ?

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