Chapter 505: 505
Chapter 505 - Three Men Make a Tiger
Nie Yan left Guo Huai with a set of instructions before setting out . Since they decided to play this game, why not go all out? The scope wouldn’t be limited to just Calore, but every city in both the Viridian and Satreen Empires . If everything went off without a hitch, Asskickers United would hit the jackpot . Nie Yan and Guo Huai prepared a total of 3,000,000 gold . It wasn’t much compared to the entire gem and Magic Runestone market . However, if their plan succeeded, they could swallow up at least 10% of the market in one go .
Nie Yan also got in touch with Sleepy Fox, Fa Lan, Ah Chen, and the others, so they could get a piece of the pie .
Leaving the rest to Guo Huai, Nie Yan went off to level with his Javelin Launcher and 3,000 javelins .
Around this time, players “selling” gems and runestones for a bargain started popping up on the streets of every city . Gems worth 1,000 gold were being advertised for only 500 gold . Meanwhile, gems and runestones worth several hundred gold were being advertised for only 20–30 gold . Rumours began circulating around . One claimed the prices of gems and runestones were seeing a huge dip, with people on the forums “confirming” this by recounting what they were seeing on the streets . Another claimed a secret shop had been found which sold gems and runestones for dirt cheap, and that people were selling these for a profit margin of hundreds of gold, striking it rich overnight .
No one could tell if there was any truth to these rumours . After all, secret shops selling rare items was a fairly common occurrence . Similar situations had happened before . For example, Web Scrolls used to be quite expensive in the marketplace . However, after word came out that a secret shop sold them for ludicrously cheap, their price plummeted and hadn’t gone back up to this day . Perhaps the rumour about a secret gem shop really were true .
Most high level players only stored gems in their personal storages . After seeing the prices plummet, these players felt their hearts ache . Things like equipment were usually sold right away since they tended to lose value very quickly over time . On the other hand, gems were always in high demand while their drop rates were quite low . So, their prices rarely fluctuated . Many players hoarded gems, only selling some off occasionally .
Gems had always been a type of hard currency . Most players wouldn’t be willing to trade their good equipment for gold . But if you offered them gems, they might consider it . Bartering gems for equipment was a fairly common form of transaction in the marketplace .
Some high level players only accepted gems when selling equipment . For them, gems accounted for a large portion of their personal assets . When the value of gems suddenly plummeted, they felt like a slab of meat was being carved out of their hearts!
Whether or not these rumours had any substance, nobody could confirm . Some players didn’t want to be too hasty . Others immediately started dumping their gems on the auction house at the first signs of trouble . However, no one was willing to buy gems right now since they might come out at a loss . If the rumours about the secret shop really were true, prices would continue to fall for the next several days . At that time, they wouldn’t need to spend so much gold to socket their equipment . Buying right now definitely wasn’t worth it .
Those with gems wanted to quickly dump their stock . Meanwhile, those looking to buy continued playing the wait-and-see game . The market cooled off . Suddenly no one was touching the gems in the auction houses . Those who were anxious to get rid of their stock quickly had no choice but to keep lowering their prices . However, this only led to more people waiting to see how low the prices would fall .
The gem market fell into turmoil . More and more gems were flooding in, but no one was buying . Many players were frozen by indecision .
The people Guo Huai dispatched proved very effective . The rumours spread like wildfire . In the span of a few hours, almost every player was talking about the falling prices of gems, urging their friends and acquaintances to quickly sell before it was too late . Gems that only a day ago were being sold for 1,000 gold would now go for only 500 gold . After more time passed, even 300 gold would be too much . Many players were still willing to buy some of the cheaper gems if they needed them urgently . But for the gems worth several hundred up to a thousand gold, they would patiently wait for the prices to fall lower . After all, this wasn’t some small purchase .
A group of 10 players had gathered together outside the entrance of an auction house in Calore . They looked like they were about to set out to do some levelling . Before long, their conversation shifted to gems .
“I heard the price of gems is falling . A Fire Resistance Gem (5) went from 1,000 gold to only 500 gold . I’ll see if I can snag one when the price drops to 300, then I can socket it into my armour,” a Fighter said .
“A few days ago, I spent 300 gold to buy a Radiant Gem (3), and I’m really kicking myself for it . Do you know what it’s selling for right now? Only 80 gold! You’d have to be stupid to buy right now . I heard some players found a secret shop where you can buy 1,000 gold gems for only 30 gold, and they’re selling it to us for a crazy profit . I bet in a few more days you’ll see 1,000 gold gems for only 100 gold! If you spend 300 gold to buy a gem right now, you’ll definitely regret it later!” a Holy Mage interrupted .
“Really?” the Fighter asked with a skeptical face .
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