Investing over long periods of time

Investing over long periods of time

in Black Lion Trading Co

Posted by: Skyguy.3715

Skyguy.3715

Hi their, I recently crafted Flameseeker Prophecies and sold it for 2700gold. I won’t have the time to play gw2 much because of school so I wanted to invest all of my gold. My first thought was a bunch of the Chaos and Ley Line weapon skins. I got 3 of the great swords and 3 of the staves for 70g each.
Then I was pondering what to do with the rest of my gold (about 2k). I decided to put orders in for the bank, trading post and hair Perma contracts. I came to the forums to seek advice. I won’t really play gw2 until the spring and I was wondering if these were expected to raise in price. I heard they were nerfingng Bl key farming. Are they removing these contracts from BL chests also? Is this a safe investment? And help would be appreciated, Thanks.

(edited by Skyguy.3715)

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Posted by: Illconceived Was Na.9781

Illconceived Was Na.9781

In no particular order:

  • Gems. Think of these as bonds. You won’t make a ton of money (since you pay taxes to convert gold to gems and you’ll pay again on the other side). On the other hand, it’s almost certain to keep going up.
  • BL chest weapon skins: these also always go up. Some, go up a lot (tormented, zodiac) and some not so much (jade, lovestrucks). But they always go up.
  • Contracts (TP, bank, hair): high risk, low reward imo. These will go up, but anybody’s guess if anet introduces other ways to get them. Also: they are priced pretty high now.
  • ecto: as a necessary component of any high end gear, these will always have value. Their gold value goes up steadily, but when you come back, you’ll need these for something.
  • UnID dyes: there are no cheap sources of these any longer. If people are still playing, these are bound to go up. Although with current prices, not sure there will be much profit.
  • Limited edition dyes: these dyes get returned to the gem shop periodically, so they’ll never be mega profitable. However, they tend hold their value well, especially if you purchase them when they are at historical lows.
  • Popular other dyes: abyss and celestial, similarly, seem to be increasing slowly in value. And you’ll always be able to sell them.
  • Any mats besides ecto are very risky. They could spike in price, like silk and linen, or they could tumble. OTOH, some (like leather at the moment) are so cheap that, at worst, you’d be risking 1c/unit price. Buy now at vendor +1 and you might get lucky.

Good luck at school.

John Smith: “you should kill monsters, because killing monsters is awesome.”

Investing over long periods of time

in Black Lion Trading Co

Posted by: Korossive.7085

Korossive.7085

This isn’t a good time, but the real investors have a hefty percentage of their share in gems, attached to the rate. Were I you I wouldn’t go there because of recent price. Instead I’d save money and buy a useful non-underwater non-torch legendary and keep it as insurance.

Some people, so I heard, speculate the company may introduce new legendaries which may hurt the current ones’ prices, but a simple ArenaNet-reality-check will confirm this isn’t happening before December 2022.

Investing over long periods of time

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Posted by: Skyguy.3715

Skyguy.3715

Ok thanks for the help, I placed orders for 6 chaos gs, 3 ley line warhorn, 3 chaos daggers, 3 chaos lbows, 3 chaos staffs, perma bank, 3 ley line staffs.

Investing over long periods of time

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Posted by: Curse Drew.8679

Curse Drew.8679

I think the permanent contracts have gained more profit potential lately. The mass opening of keys (w/ hair contract) dropped the value of these a few weeks back and shed some light on the odds. The odds of a contract seem to be about 1:1000 (rarer then many thought). When you take the rising gem exchange rate to purchase a permanent gathering tool, it’s over a hundred gold. With the rarity of these contracts, i dont think 300-600 gold for a permanent contract outside of what people are willing to spend for convenience. I could see these going prices going up more, eventhough they have been pretty steady for a year.

I’d wait till the holloween update though before buying any contracts, because it looks like there will be another mass buying of the chests since this years holloween skins do not appear to be for sale with tickets. So as tons of people attempt to get the holloween skins, some will get contracts & sell them adding more supply and lowering price.

Investing over long periods of time

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Posted by: mage.3570

mage.3570

Well, for people with money, permanent contracts generate income daily. However, BL skins make much more if you can timely stack the purchase of new skins versus the sale of old skins (> 3 months old)

Been there, done that. What’s next?