$2.50 = 1 million gold cause $.25 per 100k is as low as it will go (literally hard capped), and boy do people have gold to sell
I recently blew most of my gold on high-end crafting mats (to protect against inflation), so I wasn't able to confirm this. But it appears to me that the hard cap is simply that you can't put up a gold auction for less than $1. So if you had between 4-500,000 on hand, the hard cap would be $1 for 4x100,000 gold = $.25 per 100k.
Can anyone confirm you can post gold with a price of $1 for 500,000 gold or more? Is there a limit to how much gold you can post for a dollar?
State of the poll at this writing (for future reference of what people thought before there was any real-money trading data at all):
$1=
10,000 gold 4%
30,000 gold 2%
100,000 gold 14%
300,000 gold 16%
1 million gold 32%
3 million gold 14%
10 million gold 7%
30 million gold or more 11%
Blizz did just announce that they've banned thousands of accounts for breaking the Ters of Service in various ways, including botting. Clearly getting their house in order for the RMAH launch. That removed a lot of gold from the economy too. Remains to be seen how much impact ToS-breaking tricks will have going forward.
I'm interested -- and I bet many of you would be too -- in a crowd-sourced prediction of the gold-to-dollar exchange rate after the RMAH has had a month to stabilize.
Let's set the RMAH launch date as the first day it's live in the US region and stays live for a subsequent 48 hours. (Why? Because if like the commodity market, it's down for many days shortly after launch, none of that time would function as "time for prices to stabilize".)
30 days after that, how much gold will $1 buy you? (Remember that fees are paid by the seller.)
I will edit this top post with commentary on the state of the poll as of just before the RMAH launch date. Poll answers after that will of course be influenced by the observed gold/$ exchange rate up to that point.
**EDIT 6/12** RMAH launched today, as scheduled! However it appears the commodity side is not enabled yet. So let's clarify the "RMAH launch date" to be the date they actually launch the ability to buy gold for dollars. If that feature stays live for 48 hours, then that launch date is our day 1, and the poll question is how much gold will $1 buy you 30 days after that?
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Note: why am I posting this in General rather than US/Trade? Because I believe it's of general interest even to many non-traders, and in the trading forum it would be buried under 5 pages (I counted) of WTS/WTB posts after 24 hours. If it must be transferred to US/Trade, could we please sticky it so we can get a good sampling of answers.
Come to think of it, it would be great to sticky it in the General forum. Even if answers to the topic die down, it will still be of interest to eyeball the state of the poll -- at least until a month after RMAH launch.
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I recently blew most of my gold on high-end crafting mats (to protect against inflation), so I wasn't able to confirm this. But it appears to me that the hard cap is simply that you can't put up a gold auction for less than $1. So if you had between 4-500,000 on hand, the hard cap would be $1 for 4x100,000 gold = $.25 per 100k.
Can anyone confirm you can post gold with a price of $1 for 500,000 gold or more? Is there a limit to how much gold you can post for a dollar?
$1=
10,000 gold 4%
30,000 gold 2%
100,000 gold 14%
300,000 gold 16%
1 million gold 32%
3 million gold 14%
10 million gold 7%
30 million gold or more 11%
Let's set the RMAH launch date as the first day it's live in the US region and stays live for a subsequent 48 hours. (Why? Because if like the commodity market, it's down for many days shortly after launch, none of that time would function as "time for prices to stabilize".)
30 days after that, how much gold will $1 buy you? (Remember that fees are paid by the seller.)
I will edit this top post with commentary on the state of the poll as of just before the RMAH launch date. Poll answers after that will of course be influenced by the observed gold/$ exchange rate up to that point.
**EDIT 6/12** RMAH launched today, as scheduled! However it appears the commodity side is not enabled yet. So let's clarify the "RMAH launch date" to be the date they actually launch the ability to buy gold for dollars. If that feature stays live for 48 hours, then that launch date is our day 1, and the poll question is how much gold will $1 buy you 30 days after that?
-------------
Note: why am I posting this in General rather than US/Trade? Because I believe it's of general interest even to many non-traders, and in the trading forum it would be buried under 5 pages (I counted) of WTS/WTB posts after 24 hours. If it must be transferred to US/Trade, could we please sticky it so we can get a good sampling of answers.
Come to think of it, it would be great to sticky it in the General forum. Even if answers to the topic die down, it will still be of interest to eyeball the state of the poll -- at least until a month after RMAH launch.