A lot more cash than what I have managed to earn selling Diablo 3 gold.. |
But when I tried repeating this success with another batch of 10 million gold I found that my auction did not sell, even after posting it three times in a row.
Naturally this is a direct consequence of Blizzard's institution of a minimum price on gold.
You are not allowed to sell your gold for any less than 2,5 Euro per million, which effectively prevents the normal mechanisms of supply and demand from working efficiently.
Charts make everything look more professional! |
The result is that sellers throw their piles of gold in an increasingly bulging pile, while the buyers come in once in a while and take a few pieces from the heap.
But if 2,5 Euro per million Diablo 3 gold is not the "real" market value how can we find out what people are actually willing to pay?
This is where the gem market comes into play. Here are the reasons that gems are such a great tool for finding out what the "correct" value of gold is: