This post is a violation of the site rules and appropriate action was taken.
Quote (d3soon @ Mar 25 2013 03:39am)
Go to a 3rd party website where the majority of people buy there gold.
come back
tell me your story
End of story noob.
God you're stupid!
You take an irrelevent point (in this case black market trades caused by a price floor (econ 101 once you get there)) and use it to counter a someone elses point on an entirely different subject (in this case my argument about the real world value of gold being relatively stable)
As long as you can still sell gold for $0.25 per mil, the black market price is of no consequence. Last time I sold gold, it sold at market price, meaning there's demand at that price (25c/m).
Funny how illegal stuff on a black market tends to be cheaper than legal stuff on a white market, huh!
Black market gold is worth less becasue it's easy to lose (be banned while holding), hard to move (can't RMAH large quantities without risking being banned) and people just won't pay market price for black market goods. Why would they unless the black market is substantially cheaper to warrent the extra risk in teh buying process.
You sound like all the kids who knew nothing about econ taking econ 101 in first year, or worse a high school student aspiring to do econ and pretending to be an expert after reading wikipedias entry for "economics"
v This is you, on top of mount stupid. As per the image your OP should have started with "Now, I don't know much about economics, BUT!!"
This post was edited by IIFOXII on Mar 24 2013 09:52pm