If you look at the bids on games and factor in their real value, you can judge how much the intrinsic value on the gems would be. Just taking a few benchmarks, and showing my work here for you guys.. I took ten popular games on page one and two mostly new games or games I think people would buy, so obviously I'm accepting that my stats are for a broad picture of mainstream games, not deals and lower priced indie items.
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![]() 1 Camfrog Gems How Much Dollars
I've rounded the USD for 1k gems on this table, but without rounding on the calculations the average for the 10 games is $1.37 per 1000 gems. This average will change as bids go up and down but essentially and as of posting this on 12/15/2014 @ 6:45ish PM PST, that's what I'm running with.
Now lets look at the market for 1k bags of gems.
The current price to sell is ~$1.27 per 1000 gems.
The current price to buy is ~$1.26 per 1000 gems.
Judging from this and the current bids we can see that the value of 1k gems is selling at a discount of $0.10. So if the bidding continues along this line we could be seeing the price of 1k gems go up by another 10 cents in the foreseeable future. Sim 3 money cheats pc.
Note: this valuation is based on people both buying gems and bidding on games logically and not exceeding the actual price of the game. As we saw in day one, that concept was defenestrated quickly, but it is highly likely the 'suckers' are out of the auction at this point and prices may steadily increase on the gems. There could very well be another volatile market change on the last day of sales as people are likely to rapidly sell any excess gems before they become worthless and others try to snatch up the last few remaining copies of games. My guess is that the downward pressure by the excess sellers will collapse the gem market but only on the very last day. Typically selling panic is not a something people do with foresight. But there should be a steady increase in price for another 10-15 cents increase (minimum) until sometime in the afternoon/evening of the 17th.
EDIT: Had the wrong $ value of Payday 2 listed. the real value is put in there now, everything else is still correct. also spelling error fixed.
EDIT 2: Adding this point/update (as of 12/15/2014 @ ~7:45ish PM PST): Why are prices going down right now? Basically, markets will fluctuate based on the fluctuating supply and demand of an item. This item is no different. I feel this slightly large move in price (down from ~$1.27 to ~$1.18 as of this update) is not one of logical interest but of an illiquid market created by less buyers and more sellers. Steam markets have an abundance of sellers and a finite amount of buyers (most with limited funds or at least a limit on how much they spend), which you could argue this market based on purchasing goods is the inverse of a market like the NYSE because there is almost no investment to be made with a Steam purchase. There will always be speculators on trades, but as items bought are consumed and typically not held nor resold (such as with a commodity or stock) there is no future value assessed in an item. So these two factors contribute greatly to a downward swing in prices. However I still feel the value of the games and the willingness to purchase them at or at a discounted price will inflate the value of the gems used to make the bids. I would note this also depends on what the winning bids are on the games themselves and the underlying value of items that yield gems (w/o trying to not get into too much detail). So in short, the buyers are not as active right now whereas sellers are always active, and the value of gems to many is not intrinsic, but another thing to sell to make a little extra cash. In that sense sellers are not speculating on the market values, they see any sale value as a good value, and will consistently undercut the current low selling bid.
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Purchasing Gems
Gems are available to purchase in the Treasure menu of the Shop. For more information on prices in multiple currencies, please visit In-App Purchases.
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