Best use of gold at 100g
You should loan it to me. I’ll invest it for you and I can guarantee a 20% return.
You should loan it to me. I’ll invest it for you and I can guarantee a 20% return.
Over how long? What collateral have you got?
I think I’d rather have 120% return than a 20% return even with collateral.
Buy commander tag and run around in circles in WPvP . Maybe jump off a few cliffs and see who follows and dies..
Buy gems and wait for price to rise, then exchange – repeat for infinite gold
Having a lot of gold in GW2 is really awesome. There are so many interesting things to buy…
…
Having a lot of gold in GW2 is really awesome. There are so many interesting things to buy…
…
I think he’s asking about what to buy that might have a decent return in that price range. I have no idea.
Colin Johanson on how arenanet measures success.
(Please no gear treadmills, Colin!)
No one in there right mind will tell you there best way to make money because the less people know the more money you can make from it .. Just a tip though Gw2spidy.com look at the treads and supply to demand if you have enough money then flip the TP until then good luck ..
contact : www.YaKslappers.com
SeverGvG: www.ThisIsGandara.com
Buy commander tag and run around in circles in WPvP . Maybe jump off a few cliffs and see who follows and dies..
I actually laughed out loud at this one
as for making gold: I have about 180g, and I have your same problem. myself, I just accepted that I can really only spend 40g then sell stuff to make back 70g after a couple days. the extra 140g… buffer in case things don’t sell.
other than that, I think I’ll soon expand into other markets so I spend 40g from this one, 40g from another, 40g from yet another, and 40g from a 4th. hopefully get 280g.
Mystic’s Gold Profiting Guide
Forge & more JSON recipes
What do you guys spend 20-25g on, or 40g on to sell back?? Materials?
No one in there right mind will tell you there best way to make money because the less people know the more money you can make from it .. Just a tip though Gw2spidy.com look at the treads and supply to demand if you have enough money then flip the TP until then good luck ..
Yeah I’ve been going through gw2spidy.com and have been watching for trends, just too bad I started investing after the huge shortage T6 crafting mats. Biggest issue for me is gauging how much each market can take in terms of sell orders. Some are stable and I can dump a few stacks into safely, a few of them I’ve dumped in 200 units or so and triggered a wave of undercutting.
You can buy up a few Unbreakable Bells, and Endless Toymaker Tonics.
Then again.. I always fail at pump and dump.
You can buy up a few Unbreakable Bells, and Endless Toymaker Tonics.
Then again.. I always fail at pump and dump.
Endless toy tonics have been dropping in price since Wintersday ended. Factoring in the number of people who got the tonic they wanted using the Mystic Forge recipe makes it a huge risk to take IMO.
As for the bells, who knows. What happens when the lute gets released with better sound and no delay? =P
[OHai] – Northern Shiverpeaks
What do you guys spend 20-25g on, or 40g on to sell back?? Materials?
the problem with answering this is that if someone else buys it, the price will go up. if someone else sells what we’re selling, the price will go down. any way you look at it, our profit margin decreases the more people know about it.
that said, I make most of my coins by buying crafting material and selling crafted stuff
Mystic’s Gold Profiting Guide
Forge & more JSON recipes
So what I’ve got going right now is about 80% with about a 16% margin after tax that takes about a day to turnover and 20% with widely varying margins but better turnover. All in all I make about 16-20g if I can invest all 100 (I’m keeping about 10 held up for safety/ports/other).
Honestly I don’t know where people get numbers like 50% after taxes for large amounts. I do occasionally see something with a huge margin, but 10 out of 10 times it has little to no movement (i.e. avg sell/buy order <10).
Seems like the only thing reliably making me money is green wood logs so I’ve been buying 100,000 or so of them so I at least make the 16%.
So what I’ve got going right now is about 80% with about a 16% margin after tax that takes about a day to turnover and 20% with widely varying margins but better turnover. All in all I make about 16-20g if I can invest all 100 (I’m keeping about 10 held up for safety/ports/other).
Honestly I don’t know where people get numbers like 50% after taxes for large amounts. I do occasionally see something with a huge margin, but 10 out of 10 times it has little to no movement (i.e. avg sell/buy order <10).
Seems like the only thing reliably making me money is green wood logs so I’ve been buying 100,000 or so of them so I at least make the 16%.
Just the amount of clicking to order all that stuff must be….well, insane, pretty much.
it takes me about 2 hours to update material prices on my spreadsheet, look through prices on the TP, decide what to buy, buy crafting materials (I always do buy orders, then run some dungeons, then collect and continue), craft everything I planned on, sell it (if it’s a large amount of some things, I might sell half or a quarter of it at a time, expecting not all of it to sell before getting undercutted). I do that maybe 2-3 times a week.
On average I’ll get about 50-100% return (after taxes). Once I saw 350% return on a T3 item (was able to sell quite a few before being undercut). Once I saw someone was trying to manipulate the market :P exactly 1 person listing 65 T6 items at 400% return. I made a few, then listed them at 200% return (at T6, the prices are huge and people just won’t pay too much for them) :P
I will invest in anything that gives me more than ~10% return after tax. Below that and even a single undercut could destroy your profit margin.
Mystic’s Gold Profiting Guide
Forge & more JSON recipes
I can’t seem to gauge that ‘sweet spot’ in selling. I either offload too soon or too early. A lot of the spikes I’ve been seeing are relatively new (to me at least), I guess because of the recent bot bans.
Case in point, I’ve never seen Unidentified Dyes at 20s. I ended up selling most of mine at 16s because that was higher than I’d ever seen them and I assumed the prices of them would actually be going down after the news of them being purchasable with laurels. Instead, they just keep climbing.
This has been somewhat true with all of my investments. I’m now completely out of stock because it looked like a good time to sell and prices are still going up, seemingly endlessly. I haven’t lost any money, I’ve definitely turned a profit, but I could have made at least 5s more on each item (ultimately adding up to quite a bit of gold) if I knew what this market was doing. :\
By the time you waste exploiting the TP for countless of boring hours, you could be dungeon farming, making 2g/hour raw, plus materials and salvaged items which increase ur income by a lot (lodestones, cores etc) and a small chance of finding a precursos and get tons of gold (i found scepter precursor myself) imo better way of making money and you dont get bored to hell.
I wouldn’t say its exploiting any more than farming mobs is exploiting. And to your point of the returns. The goal for everyone here (and to a certain extent in real life as well) is to make our gold work for us. Keeping gold in your inventory is akin to keeping cash in the mattress; the value of that currency goes down due to inflation when it could instead be earning you money in the markets/bank. If done correctly you put your money into items for a good return then go do dungeons/farm/craft/etc.
Also not boring for me in the slightest, I’m an econ/finance major and I find playing the TP fun in moderation.
I can’t seem to gauge that ‘sweet spot’ in selling.
[snip]
I’m now completely out of stock because it looked like a good time to sell and prices are still going up, seemingly endlessly. I haven’t lost any money, I’ve definitely turned a profit, but I could have made at least 5s more on each item (ultimately adding up to quite a bit of gold) if I knew what this market was doing. :\
If anyone here could predict exactly when things on markets were going to reach their low and their high points, they would be writing these posts from their yacht on the Mediterranean.
I can’t seem to gauge that ‘sweet spot’ in selling.
[snip]
I’m now completely out of stock because it looked like a good time to sell and prices are still going up, seemingly endlessly. I haven’t lost any money, I’ve definitely turned a profit, but I could have made at least 5s more on each item (ultimately adding up to quite a bit of gold) if I knew what this market was doing. :\If anyone here could predict exactly when things on markets were going to reach their low and their high points, they would be writing these posts from their yacht on the Mediterranean.
that’s what market manipulators do: they create the lows and highs to match their stock. there are people in the game with 10,000g
Mystic’s Gold Profiting Guide
Forge & more JSON recipes
Everyone always says to monitor market trends via GW2Spidy and/or a spreadsheet, but lately it seems like the prices on some merchandise are unprecedented. Maybe there are simply too many variables to take into account? Market manipulators, bot bans, nerfed drop rates, etc.
I do my best, but I never feel like I’m able to truly maximize my profit margin. Perhaps that is a dated holdover from other games. GW2 is the first one in which I’ve had difficulty amassing any type of wealth.