Chapter 164 Buying Up the Market

Before leaving, Nie Yan instructed Guo Huai that since they had decided to play this game, they should play it big. They couldn't limit themselves to just Calore City, but had to make a killing in every city in the entire Greenland Empire and Satreen Empire. Making a profit like this would be enough for the Ni Ren Tribe to make a fortune. To this end, Nie Yan and Guo Huai prepared three million gold coins. Compared to the entire market of gems and magic rune stones, three million gold coins was nothing. If the plan succeeded, it would be great if three million gold coins could take down 10% of the market's trading volume.

Not only the Ni Ren Tribe, but Nie Yan also sent messages to Ban Xing De Hu Li, Fa Lan, A Chen, and others, telling them to also get a share of the pie.

After Nie Yan finished explaining the matter to Guo Huai, he took three thousand javelins and javelin launchers and went to level up.

After Nie Yan left, some people who were ‘selling magic rune stones and gems’ appeared in the streets and alleys of various cities. They shouted in the streets, selling large quantities of gems and magic rune stones at very cheap prices, and this advertisement immediately caused a sensation. Gems that cost a thousand gold coins were sold for only five or six hundred gold coins, and gems and magic rune stones that cost several hundred gold coins were sold for only twenty or thirty gold coins. Some rumors spread among the players, and many people were saying that the prices of gems and magic rune stones were going to drop sharply, and some people had bought gems and magic rune stones at very cheap prices. There were also rumors that some players had discovered a hidden store specializing in selling gems, where the gems were sold for only a few gold coins. They bought gems from the hidden store and then sold them frantically on the market, earning hundreds of times the profit, and many people had made a fortune.

The players didn't know whether this rumor was true or not. After all, it was not uncommon for hidden stores to sell various rare items. The same thing had happened several times before. The Spider Web Technique scroll used to be very expensive on the market, but later news broke that a certain hidden store had it for sale at a very cheap price, and the price of the Spider Web Technique scroll plummeted. Up to now, the price has been very cheap. Maybe there really is such a hidden store selling gems.

Generally, high-level players will always put some gems in their warehouses. When they find that the price of gems on the market has suddenly dropped so sharply, they feel very distressed. Generally, they sell equipment and the like, because the equipment depreciates more and more the longer it is stored in the warehouse, but gems will not. The demand for gems has always been very high, but the drop rate is very low, so the price often rises. Many players store gems and only sell some occasionally.

Gems have always been hard currency. Some players have good equipment in their warehouses and are unwilling to sell it for money, but if they exchange gems with others, others will still consider it. Gem exchange for equipment is one of the most common trading models on the market.

Some master-level players only accept gems and not gold coins when selling equipment, so a large number of gems are piled up in their warehouses. Gems account for a large proportion of all their assets. Now that the gems have suddenly depreciated, their assets have shrunk by several percent at once, and they only feel their hearts bleeding!

They haven't been able to determine whether the rumor is true or not. Some people are unwilling to sell their gems. Some players, seeing that the situation is not good, have thrown their gems into the auction house for sale. But at this time, those players who are preparing to buy gems to create equipment, how dare they buy gems? If they buy now, they might lose money. If it's really like the rumor, that there is a hidden store selling gems at low prices, in a few days, the price of gems will plummet, and then they won't have to spend much money to create a set of equipment. It is certainly not cost-effective to buy gems now.

Those who have gems want to sell them as soon as possible, and those who want to buy gems continue to wait and see. The market suddenly cooled down, and the gems in the auction house began to become unsalable. More and more gems were piled up there, and some players wanted to sell them as soon as possible, so they could only sell gems by lowering the price, but the more the price dropped, the more people waited and watched.

So the entire gem market became chaotic. More and more gems were piled up on the market, but no one bought them at all. Many players really had no way to sell them.

The players dispatched by Guo Huai to create momentum were quite effective. The rumors spread wildly. In one day, almost all players were discussing the sharp drop in gem prices, telling their friends to sell their gems quickly, and it would be over when the price dropped. Gems that had just been sold for a thousand gold coins were now only selling for five hundred gold coins, and after a while, they couldn't even sell for three hundred gold coins. Generally, if players are in urgent need of gems worth dozens of gold coins, they may go to the market to get one or two, but for gems worth hundreds or thousands of gold coins, they will generally wait patiently until the price drops. After all, it's not a small amount of money.

More than a dozen players gathered at the entrance of the Calore City auction house. They were all from the same team, preparing to set off together to level up. Everyone's topic quickly turned to gems.

"I heard that the price of gems has dropped sharply. The price of a Level 5 fire resistance gem has dropped from one thousand gold coins to five hundred gold coins. Let's wait. If it can drop to three hundred gold coins, I'll decide to buy one to embed in my armor," said the team's main warrior.

"I spent three hundred gold coins to buy a Level 3 light gem a few days ago. I regret it so much. Do you know how much the market price is now? Eighty gold coins! Are you stupid to buy gems now? I heard that a player has opened a hidden store, where gems worth one or two thousand gold coins are sold for only dozens of gold coins. They buy them from there and then sell them, I don't know how much they can earn. Wait a few more days, and a gem worth a thousand gold coins will drop to more than a hundred gold coins. If you spend three hundred gold coins to buy a gem now, you'll lose money!" a holy word mage interjected.

"Really?" the warrior asked with some skepticism.

"Of course it's true. A friend of mine has been to that hidden store. He made more than three hundred thousand gold coins selling gems. Fortunately, I got the news in advance and didn't keep a single gem in my hand. Hehe, in a few days, I'll be able to get a set of high-physical-resistance robes," said an arcane mage next to him.

"Hiss, so profitable?" The players next to him gasped and came up to inquire about the news.

Seeing everyone surrounded him and watching him, the arcane mage's vanity rose for a moment, and he spoke even more eloquently.

As the saying goes, three men make a tiger. At this time, even rumors have become reality.

Those who don't have gems on hand and want the price of gems to drop are desperately spreading rumors. Those who have gems in their warehouses and haven't sold them in time are sighing and quickly selling the gems in their hands. Those who want to buy gems are waiting and watching. Those who hold gems are frantically lowering prices and selling them. As a result, the price of gems on the market is falling steadily, allowing players to fully experience what it's like to ride a roller coaster.

This momentum was more intense than Nie Yan and Guo Huai had expected. Nie Yan predicted that the price of gems would fall to their desired level within five days. The rumors spread faster than they imagined. By noon on the second day, the price of gems had fallen to a level much lower than they had expected.

Gems that originally sold for as much as a thousand gold coins were actually unsalable for more than a hundred gold coins in the auction house. This world is too crazy.

"Nie Yan, do we want to start收网 (shōu wǎng, close the net)?" Guo Huai asked. The extent of this plunge in gem prices made him feel frightened. After buying these gems, can they still be sold back to their original price? He was very uneasy.

Nie Yan looked at the super trading channel. A large pile of gems was piled up in the auction house, five or six times more than usual. Everyone threw the gems in their warehouses into the auction house. The surge in the number of gems made everyone even more convinced that there was such a thing as a hidden store. Otherwise, how could there be so many gems on the market suddenly!

Rumors have evidence, that is even more terrible.

Nie Yan guessed that this price was already the limit that players could bear. If the price dropped further, they would rather use it themselves than sell it. After all, those who sell gems are not poor people.

"Start sweeping the goods!" Nie Yan said. With his order, Guo Huai let the confidants who were squatting in more than 300 auction houses in the Greenland Empire and Satreen Empire start sweeping the goods frantically, and gold coins poured out like water.

Three million gold coins were instantly empty, and only about 12% of the gems on the market were lost.

"Three million gold coins are used up," Guo Huai said, wiping the cold sweat from his forehead. This was the most money he had ever spent at one time.

"How about Hu Li and A Chen?" Nie Yan asked.

"They are also frantically buying in. Ban Xing De Hu Li has bought in gems worth 500,000 gold coins, the Ares Tribe has bought in gems worth 600,000 gold coins, Fa Lan is a little less than 500,000 gold coins, the Kuang Zhan Alliance is 400,000 gold coins, and the Guang Ming Sheng Yan is 300,000 gold coins. Together with us, it's a total of five million gold coins, gone all at once."

Nie Yan estimated that five million gold coins only bought about 20% of the quantity.

"Say hello to the Long Yue Consortium and give them some money to earn. Let's sell some of the things in the guild warehouse! Turn all the money we can get into gems. Aren't there several loan sharks in the Greenland Empire and Satreen Empire? Borrow as much as you can, do things secretly, the opportunity is rare, once it's gone, it's gone."

"The usury has to be repaid 10% in ten days. This money is a bit dangerous. If the price of gems doesn't go up and we can't sell the gems in our hands, the money will snowball," Guo Huai said worriedly. Don't lose the Ni Ren Tribe in the end.

"Don't worry, there's no problem. We'll sell the gems in ten days and we'll earn ten times the profit!" Nie Yan said. They make much more money reselling gems than usury.

"Okay, the top boss has spoken, you'll bear the responsibility if the sky falls. I'll use the income from several fortresses as collateral to borrow usury!" Guo Huai gritted his teeth and said. Only Nie Yan has the courage to dare to borrow usury to invest in it. But if you want to make money, it is impossible to have no risks.