'World of Warcraft' Currency Is Now Worth 7 (or 62) Times as Much as Venezuela's Cash

File this one under “Things that happen when socialists take over.” Once touted as a "socialist paradise", Venezuela is crashing fast and their currency is worth next to nothing. Now we see that even WoW gold is worth more than their currency which really puts it in perspective.

fortune.com...

By those calculations, World of Warcraft virtual gold would be worth 6.8 times as much as the bolivar.

If you factor in the black market rate of the bolivar, though, the difference is even more staggering. Dolar Today, which tracks the black market rate of the bolivar, seems to say the currency’s current value is 636,771.03 per U.S. dollar.

By that figure, WoW gold would be worth nearly 62 times as much as Venezuela’s official currency.

Of course, Venezuelan president Nicolas Maduro has shifted his support away from the bolivar and over to the recently-launched national cryptocurrency, the Petro. Venezuelan citizens, meanwhile, have taken to bartering in their day to day business dealings.

a reply to: infolurker

Venezuela's problems are a bit more complicated than simply blaming socialism.

It's also suffering from stubborn and poor leadership in regards to currency controls, import/export policy and a variety of other things.

a reply to: infolurker

File this one under “Things that happen when socialists take over.”

Or under "the idiot's reasoning for the financial problems of a country"

a reply to: introvert

Venezuela's problems are a bit more complicated than simply blaming socialism.

Obviously their problems as a whole are more complicated.

However, their financial problems are not.

Instead of working for Venezuelan money, they should be playing World of Warcraft. If they get good and squad up with the right people there is some serious coin to be had.

Viva la revolucion!

a reply to: infolurker

WoW!(Pun)

And the wow currency is SUPER inflated.

a reply to: CriticalStinker

Instead of working for Venezuelan money, they should be playing World of Warcraft. If they get good and squad up with the right people there is some serious coin to be had.

I'm not sure WoW currency is accepted in the real world.

Could be wrong though.

a reply to: introvert

It is! Just not like you'd think. I've bought over 1 million in wow cash over 11 years. spent about 2k doing it. Now it's worth way less per american dollar.

originally posted by: introvert
a reply to: CriticalStinker

Instead of working for Venezuelan money, they should be playing World of Warcraft. If they get good and squad up with the right people there is some serious coin to be had.

I'm not sure WoW currency is accepted in the real world.

Could be wrong though.

I don't know about the gold but I sold a character once when I was a much younger man for some serious coin on EBay. I was shocked that someone gave me $500.00 plus for a fully decked out Undead Rogue. And that was 10 plus years ago!!

This is a really funny way of looking at economics, lol.

a reply to: Antipathy17
a reply to: GuidedKill

Perhaps that is the solution to Venezuela's problems.

WoW currency and character trading.

originally posted by: introvert
a reply to: Antipathy17
a reply to: GuidedKill

Perhaps that is the solution to Venezuela's problems.

WoW currency and character trading.

Not the solution at all....Economy is just one of their many problems.

No one said it was the coolest thing on earth, hell I'm even semi embarrassed I played that much WOW in the first place. I was just pointing out that value is determined when someone pays for product...I got paid so there is value.

originally posted by: GuidedKill

originally posted by: introvert
a reply to: Antipathy17
a reply to: GuidedKill

Perhaps that is the solution to Venezuela's problems.

WoW currency and character trading.

Not the solution at all....Economy is just one of their many problems.

No one said it was the coolest thing on earth, hell I'm even semi embarrassed I played that much WOW in the first place. I was just pointing out that value is determined when someone pays for product...I got paid so there is value.

That is true. If someone is willing to pay for it, there is value.

There should not be any embarrassment about gaming. Depending on what you play, quite a bit of intelligence and thought is required.

I am a gamer myself, though I tend to get in to more of the complicated games.

a reply to: TinfoilTP

Good to see you living up to your Avatar

a reply to: introvert

but those leaders ARE socialist.

How do you think the socialist leaders are not following socialist philosophies with "currency controls, import/export policy and a variety of other things"

originally posted by: SocratesJohnson
a reply to: introvert

but those leaders ARE socialist.

How do you think the socialist leaders are not following socialist philosophies with "currency controls, import/export policy and a variety of other things"

Ur base is belong to the truth

a reply to: SocratesJohnson

How do you think the socialist leaders are not following socialist philosophies with "currency controls, import/export policy and a variety of other things"

Because their policies in regards to price controls have nothing to do with socialism as an economic system.

They are having issues because they either refuse to deal in US dollars or withhold payments to importers/exporters if the payments were made in US dollars.

It has nothing to do with socialism. It has to do with stubborn, poor leadership that is more interested in telling the US, the dollar and the globalist pressures to go F themselves.

a reply to: introvert

Well considering what the US has done to so many South American countries, can't really blame them

originally posted by: introvert
a reply to: CriticalStinker

Instead of working for Venezuelan money, they should be playing World of Warcraft. If they get good and squad up with the right people there is some serious coin to be had.

I'm not sure WoW currency is accepted in the real world.

Could be wrong though.

You can buy game time with wow gold. Meaning it's worth something in the real world. Basically the more time you play, the more you get to play.
Back when gold in wow was worth a lot more blizzard made people play longer by drawing out quests, gating areas, and making people grind to succeed.
But the gaming industry changed and so did wow, and blizz needed a new incentive to keep people playing. Reward them by taking a valuable reward so they keep playing. It's like a casino.

You can also sell gold for real money as well... not sure if it's legal in blizzards eyes but you can.

a reply to: infolurker

Apparently Blizzard’s economc strategy > Venezuela

For the Horde!!!