Entries in gold (23)

Sell, Sell, SELL!

Courtesy of Time.comI have been on a bit of a financial kick lately. Although all the advisors out there say someone my age (less than 35) shouldn't worry too much about their portfolio, it is hard to break a daily routine. This daily routine actually extends into my digital life as well, as I am constantly monitoring fluctuations in the Azerothian market as well.

Being a self-proclaimed financial analyst, I figured I could give you guys a few pointers on how to cash in before the launch of Wrath. You see, as with any content patch, let alone an expansion, many things will change. It is pretty safe to say that no item from The Burning Crusade will remain at its current level of value once Wrath launches in mid-November. Although this may sound like a doomsday statement, there is still plenty of money to be made in the market.

Run On The Banks

The first thing you guys should do is take a hard look at your banks on all of your characters. Grab one of my favorite UI addons to make things easier. BankItems will allow you to look at all inventory - bank, mailbox and bags - on any character. Now that you can browse things easily, grab any items that will be worthless in Wrath and get the money for them while you can. Things like Primals, some enchanting mats and potions will all be replaced by better versions once Wrath launches.  Dump 'em like an abusive boyfriend.

Players should be able to pocket a sizable amount of gold by clearing out their banks of useless junk that they have been saving “for a rainy day.” Not only that, but your bank, and bags will be nice and tidy for the level grind to 80.

To The Market

Ore, leather, and cloth are a different story though. The market for these items will be different than the higher end gear, mainly because they are profession based. As mentioned in the comments section of my other economic post, things like low to mid-range cloth are actually selling at inflated prices. The reasoning behind this is due to many people leveling up alts for Wrath. Why stop and eat something when you can transmute some bandages and just keep on grinding?

This sets the old supply-and-demand graph on its head, with almost no supply but a high demand. Time is money friends and that jacks up the price on many trade profession goods.  If you have time, go farm some of these mid-range items on your main, and reap the benefits.

While running on your bank is making you money, it's more about cashing in while the items are worth something. In the trade profession market, you could make a good amount of gold by resale alone. If you are going to give this a run, be sure to pick up the Auctioneer Addon suite. It is a must have for any Auction House monitor, recording, scanning and adding functionality to the standard AH layout.

I should mention that each realm is different. What is selling like hotcakes for me may not be worth looting on yours. As an example, the ore market on Magetheridon-A has bottomed out recently, with high-end ore being at its lowest point since I reformatted some time ago. In contrast to that, mid-range ore, like Thorium, is through the roof. The evidence – that the bars are selling for much less than the ore – points to miners just buying it to smelt for skill points.

Be Careful - It Isn't Fool Proof

Be careful and do your research before you dump your stuff. Selling on the weekend and buying on weekdays (or bidding right before the servers go down) are also handy tricks to pulling in extra cash. Everything counts but it is still a risky market out there. Use my tips at your own risk but please, treat your financial advisor right. The last time I gave our readers some tips I couldn't use the ideas myself for a few weeks. I have no problem with players on my server making a buck, but send me (Solidsamm of the Alliance) 5% of the profit! Kthxbye.

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To Enchant Or Not To Enchant?

SolidfailSo you have finally hit level 70 on your alt, or perhaps it is your main.  As you begin to run the 5-man content while trying to get into Karazhan and doing PvP in between it dawns on you that most of your gear lacks enchantments.  Whatever shall you do? Most players will quickly look-up what materials are required for class-appropriate enchantments, only to be shocked or annoyed at how much the enchantments will cost them.  For this discussion we will focus on weapon enchants, generally the most expensive and often the most important. Being a melee class character - a Rogue to be exact - Mongoose is the best enchantment, its tooltip reads "to occasionally increase Agility by 120 and attack speed slightly."  Yum.  But here's the catch, the materials are expensive, costing:

  • 6 x Void Crystal
  • 10 x Large Prismatic Shard
  • 8 x Greater Planar Essence
  • 40 x Arcane Dust
Not to mention the fact that you have to find someone to do this for you, which may cost you a little extra. Well maybe Mongoose is a bit nuts, after all you did just hit 70 and are likely to replace your gear soon.  So how about Executioner which will allow you "to occasionally ignore 840 of your enemy's armor."  Not to shabby in this day where bear tanks easily have over 16,000 armor.  Materials for this one?  Not much different:
  • 6 x Void Crystal
  • 10 x Large Prismatic Shard
  • 6 x Greater Planar Essence ( - 2 GPE)
  • 30 x Arcane Dust (-10 AD)
  • 3 x Elixir of Major Strength (+3 Elixirs)
This begs the question, to enchant or not to enchant? The benefits of such should be readily obvious, you get a boost in selected stats but at what cost?  A character in my predicament, just hit 70 with some basic Karazhan and PvP gear, will easily replace much of their gear in a the coming weeks.  So should they waste all of those mats on a high end enchant?  Probably not and the drawbacks aren't horrible. Lower stats mean lower DPS in my case, or lower healing or crappier tanking in other cases, but not matter what the reduction is by an incredibly small percentage.  Of course, we cannot forget the endless ridicule that may ensue fromguildmates or persons in your party.  Avoiding the constant teasing could make the decision for you. There is one other route, a compromise of sorts.  Instead of getting a high end enchant like Mongoose or Executioner on my Emerald Ripper - an item easily replaced - I will get a medium grade enchant.  Therefore I have SOMETHING which will help me avoid some ridicule while gaining SOME stats but not "wasting" obtuse amounts of gold on mats.  One could argue that I should just save that gold to put into the high end enchant later, but then we get into a vicious cycle and I hate those.  As for my Merciless Gladiator's Shiv?  Well, it won't be replaced nearly as quickly as the Ripper, so Executioner it is. This was my first post here at ProjectLore.com.  Was it good for you?

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WoW Gold... And How To Make More

GoldYou really want to know the secret, the real secret of making gold in World of Warcraft. No more bull$hit, no more hype, no more tricks that will make you a WoW millionaire overnight. Here's the simple straight-forward truth about how to make gold in WoW. It's three parts so be prepared. Are you ready? Here it comes... Rule Number One: Sell Everything Invest in a few high-slot bags, go kill stuff and vendor everything gray, DE ( or get a buddy to DE ) the greens and Auction House the rest. That includes blues and purples. Sell the DE'ed mats or, if your an enchanter, buff your own gear. Okay some greens are worth Auctioning, but don't AH ever one of them. Some just won't sell. Know what each class prefers and sell those greens. And if you really, really need a drop from a mob, keep it. Just DE the rest. Rule Number Two: Buy Low, Sell High Ah the free market economy in action. Finding cheap items and selling them back to people who have no idea what just happened. This takes time and an investment in knowing what people want, where to buy it for cheap and when to list it at the AH. You can do it. Without addons or data lists from web site. Each realm has it's own individual economy. Learn it and use it to your advantage. Rule Number Three: Don't Buy Crap You Don't Need Do not buy that epic sword that will be useless in 10 levels. Do not buy that little, over-priced firefly to scoot around after you. Do not buy a 28-slot engineering bag that will just collect dust in your bank after you've made your little airplane... UNLESS you really, really want to. All that stuff is fine to buy and enjoy in the game, but if you do not have your epic flying mount and your guildies are sick and tired of summoning your slow butt to every freakin' instance 'cuz they have to wait on you to fly from Shatt, then do not buy crap you really, really don't need. Now there are other super obvious ways to make gold in WoW - do quests, do dailies, farm motes, farm mats, kill monsters - but for those of you who do those are still don't have an epic flyer or bitch and moan about not having enough to get 20-slot bags, you either don't play enough to get the gold or you might be violating one or all of the rules above. So if you need gold, don't ask me. Even thought I am sitting on quite a nice pile of earned gold ( never bought even a silver from anyone ), I have no intention of handing out in Shatt just cuz some 70 noob can't make enough gold to buy a 20-slot bag.

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