WoW Gold Prices Drop; Speculators Seen Plummeting from Buildings Like it's 1929

"Dude, the bottom fell out," a colleague said to me. "Prices have cut in half over two months."

I'm a fan of virtual property trade, but since I haven't been playing any online games lately, I've stayed away from IGE, the VP version of Wal-Mart. Imagine my surprise to see the price of 1,000 gold on my home server plummet to less than a dime per gold! What's more, they're paying $5.40 for 300 gold, roughly $0.018 per gold. For those of you who don't like the virtual property business, consider the supply shock your best friend.

Not to say this is hurting IGE very much, but when they move, everyone else in the market notices.