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Forums > Home› Neverwinter Discussion › General Discussion (Xbox One)

Why gold?

pentnoirpentnoir Member Posts: 89 Arc User
edited June 2015 in General Discussion (Xbox One)
The gold trade seems to have worth with people selling pretty valuable items, however, I don't understand why spam chat for gold while ad has far more use. A ton of gold can't buy from zen or the items from auctions. Gold used to be worthless, but now seems to have value. Trade chat has become my place to go for wards and marks, but what do they do with the gold that would make them want it more than ad?
Post edited by pentnoir on

Comments

  • eroticdoomeroticdoom Member Posts: 89 Arc User
    edited May 2015
    Personally like it as I have been able to buy items I needed faster than I would have using AH.

    On a more more sinister note it could be a ploy by botting companies to create a market they would flourish in...
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  • eldartheldarth Member Posts: 4,494 Arc User
    edited May 2015
    eroticdoom wrote: »
    On a more more sinister note it could be a ploy by botting companies to create a market they would flourish in...

    ...and since people often don't know the AD value of gold can be scammed easier.
    (If I recall "current" value is about 1,000AD/gold)
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  • skeld11skeld11 Member Posts: 225 Arc User
    edited May 2015
    Why does this game feel the need to have so many currencies?

    What do people usually do with gold? I am level 59 and I have accumulated about 48 gold just from vendoring stuff.
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  • googootsgoogoots Member Posts: 147 Arc User
    edited May 2015
    It costs 2.5 gold to remove enchants from armor. If you start playing with your build, it gets expensive.
  • strictlyevilstrictlyevil Member Posts: 338 Arc User
    edited May 2015
    Gold is easily traded between players so it has it's own value. And since the items bought with gold can be sold for AD it's not much different than AD itself aside from it having a different value. As you said AD is the primary currency and has much more use but you can't trade AD directly with another player.
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  • liefglindeliefglinde Member Posts: 16 Arc User
    edited May 2015
    googoots wrote: »
    It costs 2.5 gold to remove enchants from armor. If you start playing with your build, it gets expensive.

    I've spent so much gold on this.

    Additionally, I know you can't actually buy Marks of Potency on the AH because there are always 400 listings with no buyouts. Gold is a helpful option when purchasing/selling these.
  • mungsumungsu Member Posts: 136 Arc User
    edited May 2015
    And during certain events, you can make a lot of AD buying items with gold and selling them in the AH. The Siege of Neverwinter event uses a lot of injury kits. Since it can take a while to save considerable amounts of gold, injury kits sold for more AD during the event. You can also do pretty well buying health potions and selling them in the AH.
  • dyi4ndyi4n Member Posts: 32 Arc User
    edited May 2015
    It was stated that valuable items are being sold for gold. What is this gold then used for was asked.... Maybe other valuable items are then being purchased.... Geeze......
  • majnumbthumbs1majnumbthumbs1 Member Posts: 83 Arc User
    edited May 2015
    It is not 1k ad to 1gold. My proof, mark of potency 25k ad from wondrous bazaar, sell for 6-10 gold. Aka not 25g. ( one of the most chat spammed items for sale in the enclave. 1k ad to 1g is outrageous. Gold is MUCH harder to build. I'm given 6k ad just dungeon and skirmish daily. Both completed in 30-60 mins. I can't make 6gold in 30mins. I need gold to stock health kits, injury kits, and profession kits. And there is the secret vendor.....
  • thezer0fluxthezer0flux Member Posts: 412 Arc User
    edited May 2015
    majnumbthumbs1 wrote: »
    It is not 1k ad to 1gold. My proof, mark of potency 25k ad from wondrous bazaar, sell for 6-10 gold. Aka not 25g. ( one of the most chat spammed items for sale in the enclave. 1k ad to 1g is outrageous. Gold is MUCH harder to build. I'm given 6k ad just dungeon and skirmish daily. Both completed in 30-60 mins. I can't make 6gold in 30mins. I need gold to stock health kits, injury kits, and profession kits. And there is the secret vendor.....
    Marks of Potency cost about 10k AD on the AH, so it's closer to 1g to 1k AD than you think. Besides, that's just one product. There are some products that consistently convert 1g into 1500 or more AD. I also don't agree gold is harder to get. I can make 10-20g per hour with no refinement caps. Making hundreds of gold is trivial, IMO. I'm not sure why people trade for gold to be honest; it's pretty worthless. I'll buy from people foolish enough to sell valuable items for gold though... and often relist on the AH for AD (aka actual profit).
  • lordsarveriouslordsarverious Member Posts: 160 Arc User
    edited May 2015
    thezer0flux wrote: »
    I'll buy from people foolish enough to sell valuable items for gold though... and often relist on the AH for AD (aka actual profit).

    This is a great thing to do. I have bought for gold and sold for AD. Or sold to a guild mate for gold in a profit for myself. Then use that to make my money. ;)
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  • majnumbthumbs1majnumbthumbs1 Member Posts: 83 Arc User
    edited May 2015
    Marks of potency absolutely DO NOT SELL FOR 10K. They may be posted, w no buy out at 10 k for 5days. Seriously though, nobody knows about the secret gold vendor? Shame, if they did then they would understand its value. Oh well
  • strictlyevilstrictlyevil Member Posts: 338 Arc User
    edited May 2015
    majnumbthumbs1 wrote: »
    Marks of potency absolutely DO NOT SELL FOR 10K. They may be posted, w no buy out at 10 k for 5days. Seriously though, nobody knows about the secret gold vendor? Shame, if they did then they would understand its value. Oh well

    They actually are. If you'll look closely you can see that most of the marks of potency on the market for bid are by just a few people. they are controlling the market for them by force by manipulating the 400 max item feature on the auction house.

    I have bought at least 50 marks of potency for what equates to about 10k AD in value with gold or other items such as keys. They're quite easy to buy at that price as well.

    The price someone is selling something for is by no means the value of its worth to the general public.
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  • waffennachtwaffennacht Member Posts: 149 Bounty Hunter
    edited May 2015
    I heard you can buy good equipment with gold somewhere
  • thezer0fluxthezer0flux Member Posts: 412 Arc User
    edited May 2015
    strictlyevil wrote: »
    They actually are. If you'll look closely you can see that most of the marks of potency on the market for bid are by just a few people. they are controlling the market for them by force by manipulating the 400 max item feature on the auction house.

    I have bought at least 50 marks of potency for what equates to about 10k AD in value with gold or other items such as keys. They're quite easy to buy at that price as well.

    The price someone is selling something for is by no means the value of its worth to the general public.
    Same here. I get Marks of Potency for between 8k-10k AD all the time. And when I compute prices for stuff I make and sell, a Mark of Potency is factored in at 10k AD.
    waffennacht wrote: »
    I heard you can buy good equipment with gold somewhere
    Yeah, from fools who sell for gold in the chat channel. Gimme AD or GTFO -- that's my motto ;)
  • lorespadelorespade Member Posts: 29 Arc User
    edited May 2015
    The value of anything is the value of what we make it. The general rule is 1 to 1000. Back room trades are good for the economy just like a functional AH. However until the AH manipulation stops people will find a way to profit. GOLD just happens to be the best thing. It still has value........
    This being said... Common treasure drops can be posted on the AH. Need gold? Buy some tresure with AD and vendor it... have to much gold? Save up your treasure drops and post them in stacks to equal up to a gold /AD exchange rate. Personally i am a bid only defender. BID only does serve a purpose. And when used correctly can allow profit or even loss. One persons loss is anothers gain. But the way people are using bid only is wrong. Posting bid only for over buyout prices is a horrible tactic. And filling up the 400 postings with bad priced stuff with bid only 5day wait times... its a waste. Let the market make the price sometimes and take a loss.
    SO YES TO GOLD TRADING. keep it up and stay golden :)
  • pentnoirpentnoir Member Posts: 89 Arc User
    edited May 2015
    I think I see my error. I thought the gold trade to be massively unstable and prone to inflation because there are very few gold sinks, however, gold is closely tied to ad by the common items like wards and marks that have a direct ad cost. Ad is tied to zen, so as the value of zen goes up so does ad and gold indirectly follows. This means that trading in gold is just as good as ad and can be even better as you can make more ad when auctioning the gold items or what you make from them.

    A person can buy wards with zen/ad, sell them for gold, then buy other items with gold that are more valuable for personal use or to be auctioned at a profit. Just need to watch the chat for good deals.
  • instynctiveinstynctive Member, NW M9 Playtest Posts: 1,885 Arc User
    edited May 2015
    skeld11 wrote: »
    What do people usually do with gold?

    Since Mod 6? Healing potions and injury kits.
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  • skeld11skeld11 Member Posts: 225 Arc User
    edited May 2015
    instynctive wrote: »
    Since Mod 6? Healing potions and injury kits.

    Xbox forum.
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  • majnumbthumbs1majnumbthumbs1 Member Posts: 83 Arc User
    edited May 2015
    Man, I'm so greatful for the community, I was COMPLETELY WRONG about marks of potency @ 10 k. Ty for helping show me my errors. ( next time ill be more questionable than knowing on a a subject I have 2 weeks knowledge of. Always appreciate the ability to learn by mistakes. Hope to see u all on the front line gettin er dun fer nw
  • dromenlanddromenland Member Posts: 6 Arc User
    edited June 2015
    I think gold trades happen because there is no loss of 10% like in action house and it can be traded between players.

    As long as we are willing to trade it between players it has valeu. its only harder to know whats something worth and chat is real pain to follow. hope that gets fixed because I can't see MMO on xbox be as fun as on pc (im old school and like to roleplay my character)

    Regrads,
    Ood von Carr
  • skeld11skeld11 Member Posts: 225 Arc User
    edited June 2015
    What's the best way to convert AD to gold?
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  • mrdurvamrdurva Member Posts: 150 Arc User
    edited June 2015
    skeld11 wrote: »
    What's the best way to convert AD to gold?

    Marks of potency it seems
  • skeld11skeld11 Member Posts: 225 Arc User
    edited June 2015
    mrdurva wrote: »
    Marks of potency it seems

    Buy from Wondrous Bazaar and then advertise in chat?
    GWF
    -ASYLUM-
  • majnumbthumbs1majnumbthumbs1 Member Posts: 83 Arc User
    edited June 2015
    skeld11 wrote: »
    Buy from Wondrous Bazaar and then advertise in chat?[/QUOTE
    They cost 25k in The bazaar. They sell for 10gold max in trade.
  • strictlyevilstrictlyevil Member Posts: 338 Arc User
    edited June 2015
    Marks should only be bought out of the Wondrous Bazaar if you are desperate. They are fairly commonly dropped in dungeons and looted from chests so in actuality they are cheaper than what the bazaar sells for.
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  • nem3slsnem3sls Member Posts: 332 Arc User
    edited June 2015
    Where is the secret vendor :) I have gold to spend heh
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  • mrdurvamrdurva Member Posts: 150 Arc User
    edited June 2015
    strictlyevil wrote: »
    Marks should only be bought out of the Wondrous Bazaar if you are desperate. They are fairly commonly dropped in dungeons and looted from chests so in actuality they are cheaper than what the bazaar sells for.

    Not to mention if you play multiple characters they come quickly
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