Posted by nuhertz at 12/24/2012 07:58 AM

I don't think that the bots did anything to emeralds or tomes.

I have to disagree on that one. At least in EU Flawless square rubi went from 520g to 1K in less than a week after the banwave. On high quality gems there wont be much impact, but on the lower ones yes and of course there's profit to be made of it.

Gold prices are up to 35 cents - probably going higher on the US side. My guess is they top out around 39 - maybe 40 cents as people are going to have money to spend tomorrow on the game - also, you'll have a lot of new people coming in tomorrow as they get the game as an xmas present - so mom and dad's credit card will be used a ton. Anyway, gonna put my gold up for auction tonight - about 20M worth - at 39 or 40 cents a million and see if it sells. I'll be able to buy back to gold when it drops again after the xmas rush - probably by friday or so.

Posted by baccarat0809 at 12/24/2012 10:33 AM

Gold prices are up to 35 cents - probably going higher on the US side. My guess is they top out around 39 - maybe 40 cents as people are going to have money to spend tomorrow on the game - also, you'll have a lot of new people coming in tomorrow as they get the game as an xmas present - so mom and dad's credit card will be used a ton. Anyway, gonna put my gold up for auction tonight - about 20M worth - at 39 or 40 cents a million and see if it sells. I'll be able to buy back to gold when it drops again after the xmas rush - probably by friday or so.

I'm so there with you.

Posted by Khan at 12/24/2012 10:50 AM

Posted by baccarat0809 at 12/24/2012 10:33 AM

Gold prices are up to 35 cents - probably going higher on the US side. My guess is they top out around 39 - maybe 40 cents as people are going to have money to spend tomorrow on the game - also, you'll have a lot of new people coming in tomorrow as they get the game as an xmas present - so mom and dad's credit card will be used a ton. Anyway, gonna put my gold up for auction tonight - about 20M worth - at 39 or 40 cents a million and see if it sells. I'll be able to buy back to gold when it drops again after the xmas rush - probably by friday or so.

I'm so there with you.

yeah, I wish I had more gold right now to convert as you're going to be able to make a good buck on these transactions over the next day or so. Especially with the bot ban.

I may actually price 5 Mil at 39 cents, 5 Mil at 40, 5 Mil at 42 cents and the last 5 Mil at 45 cents. I don't think it gets that high, and maybe i don't sell all of it, but on the off-chance I do sell it at 45 cents it'll be a great pick-up.

Blizzard takes 15% out of Gold sales flat or does it max out? I pay 6% sales tax when buying anything off the RMAH, so it's pretty hard to flip on the AH.

Posted by ecocd at 12/24/2012 03:24 PM

Blizzard takes 15% out of Gold sales flat or does it max out? I pay 6% sales tax when buying anything off the RMAH, so it's pretty hard to flip on the AH.

Curious how this works too.

If I sell 50 mil at 40 cents I generate $20. Assuming I only normal pay a $1 charge on sales would I then get $19?

Commodities (gold, gems, crafting mats) are charged a 15% fee by Blizzard and then another 15% fee by Paypal if you go that route. So, if you sell 50m at 40 cents, you'd get $17 for battle.net or a little above $14 for Paypal (actually, a little more since the fees aren't taken at the same time (15% goes to Blizzard leaving $17, then 15% of the $17 goes to Paypal).

Hope this helps and Happy Holidays! ^^

Posted by ZRyoku16 at 12/24/2012 07:59 PM

Commodities (gold, gems, crafting mats) are charged a 15% fee by Blizzard and then another 15% fee by Paypal if you go that route. So, if you sell 50m at 40 cents, you'd get $17 for battle.net or a little above $14 for Paypal (actually, a little more since the fees aren't taken at the same time (15% goes to Blizzard leaving $17, then 15% of the $17 goes to Paypal).

Hope this helps and Happy Holidays! ^^

This right here. I wish it were just a dollar. Luckily, I haven't had to pay sales tax.

Okay with that knowledge.

Selling 50 mil @ 40 cents nets me $17 bucks, since I don't auto it to PP.

That means to make a profit on my investment I'd need to rebuy gold @ a minimum price of 34 cents to break exactly even. Anything lower is all profit. Profit outlined below
33...1.5151
32...3.125
31...4.8
30...6.66
29...8.6
28...10.7
27...12.9
26...15.3
25...18 even

Thought it was going to go up yesterday but it didn't. Then it went down this morning, however, this afternoon - its gone up steadily from 35 cents and its all the way up to 39 cents on the US server right now as we speak.

I put up 10M at 40 cents personally. Lets see what happens.

Back down to 34 cents this AM. None of my 10M @ 40 cents sold

Well, it was back up to 39 cents for a long time last night, then fell back to 36 cents when I went to bed and sitting at 32 cents this am.

Basically, if your a buyer, watch out and don't buy at anything more than 32 cents, and if you can wait, my guess is that it'll be below 30 cents within 7-10 days.

Posted by baccarat0809 at 12/28/2012 03:17 AM

Well, it was back up to 39 cents for a long time last night, then fell back to 36 cents when I went to bed and sitting at 32 cents this am.

Basically, if your a buyer, watch out and don't buy at anything more than 32 cents, and if you can wait, my guess is that it'll be below 30 cents within 7-10 days.

Yeah, I agree. I kind of want it to drop to the 20's again so I use some of this newfound ring-conversion wealth to get gold and then hoard it for PVP panic buying.

Kind of on topic, but I broke down today and converted my rmah proceeds into gold @ 25 cents a mill. Dropped all $10 I had. Now just need to refund my chart to see when I should look to sell it.

I wouldn't suggest everyone doing this, but if you have rmah funds I'd convert some at the bottom cause it will go back up some with 1.07 patch which is coming soon.

Converted all mine as well. Profit!

All mine is out as well apart from 24cents, doh!

With 1.07 and pvp coming up this will go back up - maybe into the mid 30's - a lot depends on the botting situation between now and then. I was almost dead nuts on for my xmas forecast - so i'll go out on a limb now and say that it may creek up a bit until the day before 1.07 is released - then go up a bit then - but by late tuesday evening of the patch going live we'll have gold at 32c or 33c with the off chance of hitting 36c.

Now i think there's much better investment opportunities out there, as you do the math and with the 15% fee (which is 5 cents on 33 cents), you'll be able buy at 25 cents, then sell at 28 cents, making a 3 cent profit or approx 10% profit. A good flip from the GAH to the RMAH makes 100%+ profit - and a low risk flip will make at least 30%.

While it sounds good in practice, it may not be in reality.

Now, if you have $$$ laying around that you want to use, purchase now at 25c in order to preserve your buying power.

Saw it was 0.32 this morning, still on the climb!

hmmm is this rising because of the patch news? ppl coming back to the game?

I haven't heard about a ban wave of botters and it's hard to believe that Gold sellers could collude enough to drive the price up on their own so I think it must be supply/demand. Price could go even higher over the weekend. This thing will be in PTR for a while so no telling what will happen.

I noticed today that it is fluctuating between .29 and .31.

I would like it to go back down so that i can replenish my flipping coffers...who's with me?!?!?!

I want it to go down after it hits $0.40 so I can cash out, hehe.

Posted by ZRyoku16 at 01/18/2013 04:09 PM

I want it to go down after it hits $0.40 so I can cash out, hehe.

+1 :)

Posted by shniggies at 01/18/2013 06:42 PM

Posted by ZRyoku16 at 01/18/2013 04:09 PM

I want it to go down after it hits $0.40 so I can cash out, hehe.

+1 :)

I want it to go above 40 as that is just the min price I want to sell at.

Posted by Baldy at 01/18/2013 03:53 PM

I noticed today that it is fluctuating between .29 and .31.

I would like it to go back down so that i can replenish my flipping coffers...who's with me?!?!?!

I'm down to 1.7M in game, have a bunch of cash in RMAH... gah!