[DENIED] Make gold sellers/buyers put their prices in their thread

• False or Misleading Advertising: Your sales/purchase threads must be accurate and updated promptly to reflect your actual prices/offers. If you advertise an offer significantly different to your actual prices then this is false advertising.

As it stands, there’s no rule specifically stating that gold sellers/buyers have to post their prices in their thread. I believe this is an issue. I’m just going to focus on GP in this thread because I think accounts/services/etc is a slightly different story.

I’d first like to say that while I do sell small amounts of gold here and there, I’m by no means a big gold seller. This is mostly from a buyer perspective.

If you look at the buy/sell sections for gold, I’d say about half of them have no advertised price in their thread. Some even claim to have the “best prices” but then don’t have an actual price in their thread.

You shouldn’t be able to claim you have the best prices, dirt cheap gold, GREAT rates, etc...without the price in your thread to back it up. Imo, this is false advertising.

Not to mention that, the way the false advertisement rule is worded, it seems like it already is a rule that you have to have your prices in your thread. Although it is not explicitly stated. If it is already a rule, users should start being infracted for not following it.

This isn’t my only issue with a lack of gold prices in threads. I think it would be in the best interest of the market and all those who come to sythe to buy or sell gold. Having the prices in everyones thread will slightly increase competition (I know it’s no big secret what rates people sell/buy at), increase buyer/seller awareness, and keep the market honest. It would be unfortunate for a new member to come here, add the first person they see, and then be sold gold for a higher amount then they would have otherwise bought it for had the prices been more clear. I myself don’t always know my available options for prices and websites like Bogla aren’t an accurate representation if you came here to buy with bitcoin.

You wouldn’t go to a dedicated gold selling website and be told to PM the live chat or wait for an e-mail to get the selling rate. I know, I know you do have to do this if you want to sell to them but that’s their own, off-sythe prerogative lol.

The biggest complaint against this, I imagine, is that people are busy and cba to update their thread. But, c’mon, if you can send a discord message to a potential buyer you can take one minute to update your thread. If you have an image thread, make multiple images with different rates, or use text like the rest of us. You also shouldn’t be able to get around this by putting something like “Currently selling gold for 0.65-0.75/m”. God that’s vague, and I’ve yet to meet anyone that actually has this large of a range at any given time. If you aren’t currently selling at the lowest ranged price on your thread for some amount of gold, then your range, ain’t your range. Not saying ranges shouldn’t be allowed but there should be a limit.

If the gold buying/selling section didn’t operate like a local business listing, I’d say its not that big a deal. But, as it stands, almost all the threads there are big websites, big individual sellers, or people advertising for big sellers. There should be some level of professionalism here if you’re going to act like a business. Customers, buyers especially, shouldn’t have to guess rates. It should be as transparent as possible.

It’s a small change but one I think worth implementing. I’d be interested to hear sellers perspective on this.

 

Agree. I do this now it's work great. Update price everytime before bed on phone .

 

I somewhat agree with this

 

You will never get the actual price this way though as gold prices can change in the matter of minutes and updating it every time it does is just not realistic. If the price is not exactly accurate you get infracted for false advertising. Thus if you want to display any kind of price it needs to be a range, which I don't think helps much.

No support.

Advertising "best prices" when it is not is also considered false advertising and can be reported if not true.

 

They just recently made it against the rules to put prices in titles as it always brought up cases of false advertising/'clickbait' titles etc ( https://www.sythe.org/posts/34918087/ )

As for things like 'best prices' that's just marketing, you are allowed to write stuff like "most trusted" "best vouches" "fastest delivery" in your threads

 

Not gonna really go into your reply because it doesn’t feel like you took the time to read what I wrote, but if gold selling websites can keep their rate consistent for 1 day, so can you.

Also the price of gold doesn’t change drastically enough minute to minute to require an update... I’ve been buying gold at 0.65-0.68 every time for the past month. Failing to see this minutely price change.

You actually can’t, it’s not “just marketing” it’s called deceptive pricing and it’s a no-no. Unless you’re living up to your claims.

This is in threads, not in thread titles. So, what you said is irrelevant here.

 

It is beyond annoying clicking on a thread to buy gold and Having no price.

Could be .65 and I add the right person or could be somebody with .85, which I have absolutely no interest in.

When you shop for food at the grocery store, wouldn’t you like to know the price before you get to the checkout?

It’s ridiculous

 

i dont support this in terms of business, but saying gold prices changing in matter of minutes are too much..

 

It was suggested before to remove the ranges but as long as they aren’t excessive has been fine. Gold prices had to be removed from titles and it’s not really accurate to put an exact price in a thread given how much gold prices can fluctuate on any given day. No support

 

A range is fine, I'm not saying you should get rid of ranges. Your selling price doesn't really fluctuate more than 5 cents a day, and that's a reasonable range. Your own RS3 gold thread has a 1-2 cent range which is great. I don't think anyone would find a 5 cent range unreasonable. Your own small range indicates to me that gold prices for you don't fluctuate much, otherwise you would have a larger range, or you're dedicated to updating it daily. If that's the case I'm confused why you don't support this.

 

Appreciate your input. Although I find it funny you fail to see the logic in displaying accurate prices. Did you read that one back before you posted it?

I don't make the rules, but people update their titles less, and the title is what attracts people to open the thread. Once they open it, they should get a fair representation of the price. Clearly people were abusing prices in thread titles to get clicks on their thread.Mods said they were dealing with reports, they may as well infract people false advertising = too many infractions = banned.

This isn't a regulation, it's called good business practice. Who would offer a physical (digital in this case) product with no clear price? It's a basic requirement of the marketplace on most forums, and it would create no barrier to entry. Are you telling me people would choose not sell here because they have to post their gold prices? I don't think so. A regulation would be going through id verification to sell here. The gold market is not wanting for sellers anyways.

My main issue is that if you don't post your prices, you can change them at will. You identify a newbie? It's easy to say your price is 5 cents higher than it would be for someone you know. I also don't feel laziness is a good reason not to post your prices. You yourself said you cba to contact multiple people, so wouldn't you want accurate prices displayed...?

 

this ^ pain in the ass to update all the time, cba logging on and having to worry about my threads + bugging my graphics designer everyday to update my thread layout.

absolutely no support.

 

^ this I have a issue with, you know the price before you buy, you don't know the price before you walk in the store but anyway,
The main reason people don't want to advertise their price on thread is because there is too much variance, okay sure you want to buy:
100m with btc its .68
paying with paypal thats .73
buying 10m with btc thats .69
buying 10m with paypal thats .75
buying 2.5b with btc thats .65
(prices pulled out of my ass just as a example)
not to mention stocking issues ect,
although the general price for gold might stay the same alot of things can change the exact prices for a given trade, I get what you are saying but it's just not that simple (asmuch as I would love it if all gold buying thread would have to have if they are buying stock and exact prices, since I don't buy gold, only sell) its not viable for the market.

 

Generally if you're selling gold you have your own thread where people contact you. If you're buying you contact others. You can literally just add them all on discord and spam them all with a single message asking for the price. Its really simple. As for sites just open and message, not hard tbh.

I see your point but its just too hard to do with all the possible variance

 

Imagine selling gold via sythe PM. By adding a discord/skype you are doing basically the same going to a website opening either livechat or the tab for prices and investigating. Most people who purchase gold don't just buy once or twice they are customers by adding somebody once (at most 10 seconds) they get a connection to the seller forever and they can contact them whenever to purchase.

NO SUPPORT

 

We recently disallowed gold rates to be mentioned in thread titles based on this previous suggestion: [ACCEPTED] False advertisements

We recommend all users to be transparent. Inaccurate rates and ranges fall under false advertising, which users can be infracted for. We don't feel having a gold rate on your thread is necessary when this information can be easily obtained through direct contact (PM, Discord or live chat).