Category Archives: Gold Making
Gold Cap Reached!
Yesterday I officially hit the gold cap – the official limit at which point your character cannot receive any more gold. How much exactly? This much:
If anyone trades me even a copper, or if I try to take money from auctions from my mailbox, I get the following error message:
I thought in honor of this milestone I’d share some statistics based on my last 12 months of auctions data. Although my record keeping (via beancounter) is quite complete I’m missing all my raptor pet sales which I’d estimate as being around 100k.
My best sellers
A few interesting things here. You’ll notice that around August I stopped making gold by buying/reselling Abyss crystals. At the same time the market on the 40 stamina to bracer enchant collapsed. Why? The Argent Tournament patch was introduced, and the sudden flood of Abyss Crystals (from the 5-man) onto the market saw prices drop from 120g to 20g and under!
My most profitable week
I’ve had some good weeks, and I’ve had some really good weeks. My best week in the last 12 months was the 7th-13th June with approximately 35k in profit. The big spike day here was partly due to some Darkmoon Decks I’d hung onto from throughout the previous month leading up to the faire.
Where to from here? Well I’m probably sitting at around 230k at the moment so it’ll no doubt be time to spend a small amount on a few things I’ve been avoiding like the Kirin’tor ring and a chopper. From there I guess I’ll probably keep going…300k here I come!
Got any specific questions on how I did it? Hit me up with a comment below!
Why frozen orbs aren’t a good investment
Recent [development notes] have announced that in an upcoming patch an NPC named [Frozo the Renowned] will be added to the game. This npc, an item vendor, will trade items for your [Frozen Orb] which up until now people have been either vendoring or auctioning for not much more than vendor price.
Players will be able to trade 6 orbs in for a [Crusader Orb], 4 orbs in for a [Runed Orb] or a single orb in for a [Frost Lotus], [Eternal Air], [Eternal Earth], [Eternal Fire], [Eternal Life], [Eternal Shadow] or [Eternal Water].
A lot of people have read this and had the obvious light bulb go off in their head. I know on my server people are already spamming trade chat with ‘WTB Frozen Orb – 15g/each’. In the auction house the orbs have already normalized at around 20g/each. They’re all wrong if they think this is going to turn out to be a money maker though.
Why? There’s a number of reasons, here are two big ones. First and foremost is that it’s a very obvious one-step change which means everybody is immediately aware of the ramifications and participation in stockpiling frozen orbs will be widespread. This will immediately mean nobody is getting their orbs for 6g off the auction house anymore, there’s increased demand for the orbs which is why the prices are already up.
Secondly the reason for this change is to address the already massive oversupply of frozen orbs in the system. Lots of players were ALREADY sitting on a lot of orbs from the recent random heroics change. Oversupply on such a large scale is going to damage prices and the extra consideration of lost AH deposit costs (due to being undercut) is going to also impact profit margins.
My conservative estimate is that around patch time we’ll see frozen orbs selling for around 17g and the eternals and frost lotus selling for not more than 5g above this. It’s not worth even looking at the Crusader and Runed orbs as I expect their value will be lower than the cost of the frozen orbs needed to pay for them.