10 Feb 2006 at 14:08 - 138
hmm, i knew it would happen eventually. Many people simply dont want FoW armour, too expensive, and may be obsolete come factions. Thats why ecto price is going down. Shards have stayed relatively constant, mainly becuase they have always been lower, and have not suddenly become more easily obtainable.
Rubys and Sapphires on the other hand have been steadily rising in price recently, by as much as 100%. they used to vary between 3-4k, now they got from 6-7k. The reason is, as some people have pointed out, is that they dont actually do anything. yet. The yet is the important bit. In a article on Gamespot about factions (some time ago i think) it mentions that development staff have to find a use for rubys and sapphires equal to the worth collectors have given them. If they are simply left as such, essentially massive depression will occur, with rubys and sapphires worth nothing. Its important to remember that currency is simple a token, a voucher if you will. Like gold, rubys and sapphires are subject to inflation, and deflation. If ANET massively devalue the rubys and sapphires, many peoples wealth will be serverely diminished. Personally, i have been collecting rubys for some time now, hoping to make a profit. At the moment i have made a 2k profit on every ruby/sapphire i own. The question is now, will ruby and sapphire prices go up further, stabalise, or crash in the near future. Its all about playing the exchange rates, buying low, selling high, and making a profit.
It will be interesting to see if rubys and sapphires are worth over 10k when factions eventually comes. Of course, relative to gold is imposible to say, as gold may be worth more/less come factions, depending on how easiliy it is obtainable.
All in all, like real life economy, GW economy is confusing, and all messed up. Personally i am going to put all my chips down, and hope that rubys and sapphires are ot undervalued. It could be the case that i am better to sell them now, then continue bying them, but it is the risk i run, Ectos, i would advise that you keep them, and dont sell them quite yet. There price continues to fall, and i would not be surprised that their worth rockets again come factions, when people realise that they are still required, and/or that factions armour is not all its cracked up to be.