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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 ?
BboyDora
post Sep 10 2012, 01:28 PM

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That's when ppl keep selling lower. It's caused the value drop do much. If I put sell USD 1.4, another fella put USD 1.38. Then he manage to sell it while my gold wait there do nothing. So if u sell at 1.35, then u will get to sell. See the reason ady?

Change ur strategy bro, like what I'm doing. Dun sell ur gold and start buy nice stuff. Then sell it on RMAH.
Last week I bought 1 weapon for 1.5mil and sold it for USD 12.

I'm not doing any recommendation here and follow at ur own risk smile.gif cheerss.

This post has been edited by BboyDora: Sep 10 2012, 01:29 PM
funnybone
post Sep 10 2012, 01:31 PM

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Holy shit....didn't check the forum type...thought talking about real gold price here doh.gif
BboyDora
post Sep 10 2012, 01:32 PM

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QUOTE(OnGx2 @ Sep 10 2012, 10:27 AM)
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 ^^
*
Ya. I manage to sell few millions when it's reached 1.95 that time. But now better keep for my own use.. Hehe..
The feelings is good when u can overbid others because u have so much gold.
TSchoonyink
post Sep 10 2012, 01:38 PM

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QUOTE(BboyDora @ Sep 10 2012, 01:32 PM)
Ya. I manage to sell  few millions when it's reached 1.95 that time. But now better keep for my own use.. Hehe..
The feelings is good when u can overbid others because u have so much gold.
*
Actually my main purpose playing this game is to earn RM lol (diablo lover dun angry ah notworthy.gif )
My gear is currently enough to farm Act3 only, quite weak. But will upgrade when earn more.


Added on September 10, 2012, 1:40 pm
QUOTE(BboyDora @ Sep 10 2012, 01:28 PM)
That's when ppl keep selling lower. It's caused the value drop do much. If I put sell USD 1.4, another fella put USD 1.38. Then he manage to sell it while my gold wait there do nothing. So if u sell at 1.35, then u will get to sell. See the reason ady?

Change ur strategy bro, like what I'm doing. Dun sell ur gold and start buy nice stuff. Then sell it on RMAH.
Last week I bought 1 weapon for 1.5mil and sold it for USD 12.

I'm not doing any recommendation here and follow at ur own risk smile.gif cheerss.
*
I always do that but many items are overly inflated... blush.gif ...plus im newbie, not very good in pricing yet lol

This post has been edited by choonyink: Sep 10 2012, 01:40 PM
basSist
post Sep 10 2012, 01:41 PM

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QUOTE(choonyink @ Sep 10 2012, 01:38 PM)
Actually my main purpose playing this game is to earn RM lol (diablo lover dun angry ah  notworthy.gif )
My gear is currently enough to farm Act3 only, quite weak. But will upgrade when earn more.


Added on September 10, 2012, 1:40 pm

I always do that but many items are overly inflated... blush.gif ...plus im newbie, not very good in pricing yet lol
*
no worry, i see many ppl invest in gears to farm effectively to get more drops to earn USD/MYR haha. but i am not the one. my gold doesn't ever exceed 3Million from the start until now. tongue.gif
TSchoonyink
post Sep 10 2012, 01:44 PM

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QUOTE(basSist @ Sep 10 2012, 01:41 PM)
no worry, i see many ppl invest in gears to farm effectively to get more drops to earn USD/MYR haha. but i am not the one. my gold doesn't ever exceed 3Million from the start until now. tongue.gif
*
I get the game, train to lv60 in 28hours (i heard some ppl is even faster sweat.gif ), then buy 15mil from friend and buy gears.
So far the reward is not bad tongue.gif . But addicting to the game, soon would not be earning RM but invest the gold to better gears

This post has been edited by choonyink: Sep 10 2012, 01:48 PM
BboyDora
post Sep 10 2012, 02:23 PM

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QUOTE(choonyink @ Sep 10 2012, 01:38 PM)
Actually my main purpose playing this game is to earn RM lol (diablo lover dun angry ah  notworthy.gif )
My gear is currently enough to farm Act3 only, quite weak. But will upgrade when earn more.


Added on September 10, 2012, 1:40 pm

I always do that but many items are overly inflated... blush.gif ...plus im newbie, not very good in pricing yet lol
*
One of the forumer mention before. "the items has no value if no willing buyer to buy for that price". So no need to worry for overly expensive items. My items I sold all this while very cheap . All below USD 15. But I buy with few hundreds k or millions, still untung wat.. Cheapest I sold is USD 5, mean its worth 7mil ady.

Buy cheap and sell cheap. As long as gt profit, then it's already fulfill ur purposes to earn money ma.
philip42
post Sep 10 2012, 03:41 PM

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QUOTE(BboyDora @ Sep 10 2012, 02:23 PM)
One of the forumer mention before. "the items has no value if no willing buyer to buy for that price". So no need to worry for overly expensive items. My items I sold all this while very cheap . All below USD 15. But I buy with few hundreds k or millions, still untung wat.. Cheapest I sold is USD 5, mean its worth 7mil ady.

Buy cheap and sell cheap. As long as gt profit, then it's already fulfill ur purposes to earn money ma.
*
oh yeah that's what i did to my 4m , now my gold grew to about 20+m
Cyclone87
post Sep 10 2012, 06:45 PM

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Need 30mil tonight, anyone can give me best price? PM Me.
biatche
post Sep 10 2012, 06:47 PM

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i have 200m now but market price suck
ReonLim83
post Sep 11 2012, 07:07 PM

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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.
*
sorry but im getting more, Paragon level +gold find. im at Paragon level 15... so automatically 45% more gold, with 5NV it goes up another 75%..
automatically got 120% gold find..... plus my gear..... not so sure..... but im getting more drop and more drop not lesser.
smatdesa
post Sep 12 2012, 09:16 AM

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QUOTE(ReonLim83 @ Sep 11 2012, 07:07 PM)
sorry but im getting more, Paragon level +gold find. im at Paragon level 15... so automatically  45% more gold, with 5NV it goes up another 75%..
automatically got 120% gold find..... plus my gear..... not so sure..... but im getting more drop and more drop not lesser.
*
They nerf the gold drop rate probably taking into account of paragon level.

Also, gold price sucks because people have nothing to buy, so they hoard gold. No buying power means less being traded. Meaning less demand for gold... bla bla.

Frankly, I think people jumping from D3 to GW2 is a factor as well. less players... less sellers... and all that...
skyp
post Sep 12 2012, 09:18 AM

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True!
Got gold but nothing to buy.

Every Tom d*** and Harry is placing their price ridiculously high in AH.
zirconium
post Sep 12 2012, 11:28 AM

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GOLD will not appreciate anymore unless there's new feature to attract players such as PVP.

GOLD Depreciate due to:

Supply of gold is like HUGE !

Less people purchasing gold because the game is bored

Less people purchasing gold because can get it cheaper outside the RMAH

Less people purchasing gold because there's almost nothing to buy anymore as mostly have GEARED for PVE.

The only gamble for it to Appreciate is PVP. Other than that... forget about it and move on to another game if u were one of them to earn a bit of cash from playing game.

Davidtcf
post Oct 16 2012, 03:45 PM

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alot of ppl leaving and playing something else... while those unchecked bots continue to ruin Gold's economy.

And also due to 1.05 anticipation... those that tried PTR 1.05 knows that wayy better gear will be available later on once this patch goes live. High MP (Monster Power) play will provide insane/OP loots for the player to sell.

This post has been edited by Davidtcf: Oct 16 2012, 03:45 PM
OnGx2
post Oct 16 2012, 03:51 PM

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gold value drop because blizzard aint banning much of them anymore...u can check ban reports here, not much bans since several weeks ago
http://www.ownedcore.com/forums/diablo-3/d...go-here-71.html

d3 game can be bought at much cheaper price now too, makes mass botting cost much lesser, u can buy for $10 at toysrus.com for a new copy
andersonchong
post Oct 17 2012, 04:06 AM

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QUOTE(OnGx2 @ Oct 16 2012, 03:51 PM)

d3 game can be bought at much cheaper price now too, makes mass botting cost much lesser, u can buy for $10 at toysrus.com for a new copy
*
I didn't find $10 D3 here unsure.gif
OnGx2
post Oct 17 2012, 10:18 AM

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QUOTE(andersonchong @ Oct 17 2012, 04:06 AM)
I didn't find $10 D3 here  unsure.gif
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u can, but u have to know which directory to go smile.gif
lepo
post Oct 17 2012, 03:15 PM

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WTB gold 50mill.. pm me
diudiusing
post Oct 21 2012, 02:21 PM

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I want to buy 10mil, who sell gold, please pm me.
archonixm
post Oct 22 2012, 10:49 PM

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QUOTE(OnGx2 @ Oct 17 2012, 10:18 AM)
u can, but u have to know which directory to go smile.gif
*
Really?

I search using google, got the address but no longer available

http://www.toysrus.com/search/noResults.jsp?kw=12859111
memphiz_zero88
post Oct 23 2012, 04:37 AM

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QUOTE(archonixm @ Oct 22 2012, 10:49 PM)
Really?

I search using google, got the address but no longer available

http://www.toysrus.com/search/noResults.jsp?kw=12859111
*
it was 1-day sale, literally. all copies are sold before afternoon from what I heard.


kennethchang
post Oct 24 2012, 01:28 PM

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I need 50mill gold ,anyone selling ?

paranoid
post Oct 24 2012, 01:54 PM

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what's the price for gold now ar.. it's been too long since i last checked
yuhhaur
post Oct 24 2012, 02:30 PM

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