Guild Wars 2

Ok so it’s a well know fact that mithril ore is one of the most common mats in the game and events like the molten facility and with the recent patch making salvaging good for us players the price of the ore has plummeted. Now like with the molten facility I took a shot and invested a lot of gold buying the cheap mithril but the question is now so many people are salvaging what do people think will happen to mithril ore on the tp. Stay like this from now on, go even lower like silk/leather or go back to the way it used to be?

I can’t imagine it ever going up from where it is. It is the most common mat found in the higher level areas and that is where almost everyone is all the time.

Back then everyone was new to the game, so it wasn’t farmed as often. Plus, it is a very common item received from salvaging items and everyone is doing that right now as well for luck.

I agree I am just hoping that in a month or so people won’t be salvaging so much because people will have their mf at an ideal point for them

I wouldn’t say it plummeted. It’s historical price is easily checked. I don’t think it will even stay at this price … It’s going to take alot longer than an month for people to get an MF they will be happy with. In fact, why would they stop at all? I wouldn’t be comfortable with anything but the max MF I can get and as long as green/blue items drop, there isn’t a reason not to salvage them.

It depends how many mithrilium lumps are needed for the xunlai electrum ingots. And then, how many electrum ingots are needed, and for what? Jewelry, armor even?

Jordiboy.2301:

Ok so it’s a well know fact that mithril ore is one of the most common mats in the game and events like the molten facility and with the recent patch making salvaging good for us players the price of the ore has plummeted. Now like with the molten facility I took a shot and invested a lot of gold buying the cheap mithril but the question is now so many people are salvaging what do people think will happen to mithril ore on the tp. Stay like this from now on, go even lower like silk/leather or go back to the way it used to be?

Mithril is a very bad long term investment.

Even if it should rise by 100% in a month (from 30-60c), the profit per slot is still miniscule.

Now a stack of ore costs about 75 silver. If it rises by 100% in a month, yu will gain about 66 silver per stack.

Thats not alot of profit for giving up one inventory slot.
If i buy items for long time investment i want at least 10g profit/inventory slot/month.

Celestial Recipes are a good example. During the Bazaar 2 months ago, you could buy them for 2 silver on the TP, so a stack cost you 5 gold.

Now most of them are in the price range of 50s-1g, so if you sell now for 50s, you get a profit of over 100g per stack after deducting 18.75g for fees and taxes and the 5g investment.

Mithril is a terrible “investment”, the market is flooded with the stuff. Even with the amount required for various crafting recipes the sheer amount of it is still 10x what is actually demanded. This is particularly true with the new “luck” MF boosters. People are salvaging everything and getting boatloads of the stuff.

Ive had bars and ores of mithril maxed in my bank slot for weeks. In short its over abundant and a waste to invest in it.

I am actually surprised it isn’t cheaper at the moment. There is just so much of it coming from all over the place.

cranked.3812:

I am actually surprised it isn’t cheaper at the moment. There is just so much of it coming from all over the place.

I buy at least 6ooo ore per day for crafting and i know that i am not the only one.

Wanze.8410:

cranked.3812:

I am actually surprised it isn’t cheaper at the moment. There is just so much of it coming from all over the place.

I buy at least 6ooo ore per day for crafting and i know that i am not the only one.

^

There are people that buy lots of mithril to craft their own rares for precursor gambling. In one week I bought about 40K mithril.