Guild Wars 2

So i had a bit of an absence from Guild Wars 2, because I didn’t feel like playing any my time wanted to be invested in other things.
Before I left, I converted pretty much all my gold into 2 stacks of gossamer and about 300 stacks of silk scrap.
Now I have a ton of silk and no idea what the best way to sell them is. I could sell them all at once for a rather low price if I wanted fast money but that doesnt seem to make a lot of sense. I dont like to sell them a stack at a time though. I’m not an economist. What would you guys do?

Make them into bolts and sell them. Sorry, it doesn’t get more efficient than that. Should have invested in linen like me if you wanted to save time

I wouldn’t sell them all at once though, since silk could feasibly rise more with how much you need. Linen just went from 3s to 6s in a matter of a week, and unfortunately I sold some of mine off at 3s. I’m waiting a while to sell the rest just to see where it ends up.

silk was a pretty good thing to invest in. used to cost 8c each, now they’re 75c. linen only went from about 50c to 5s.
on second thought, both are about 1000% profit.
bolts of silk have a slight profit advantage over scraps. barely worth your time. I suggest refining half of them into bolts, then listing 250 of each at a time. same for gossamer (except like 50 at a time). do the sell listings, they’ll go quick enough. then just list a new 250 when those sell

Mystic.5934:

silk was a pretty good thing to invest in. used to cost 8c each, now they’re 75c. linen only went from about 50c to 5s.
on second thought, both are about 1000% profit.
bolts of silk have a slight profit advantage over scraps. barely worth your time. I suggest refining half of them into bolts, then listing 250 of each at a time. same for gossamer (except like 50 at a time). do the sell listings, they’ll go quick enough. then just list a new 250 when those sell

Even though 1000% profit seem to look tasty for some people for the duration of 2-4 weeks, at least for silk you have to take into consideration that you have to store it.
Even for bolts of Silk, the max amount of profit would be 5g per item slot now. That is not much considering that you can make substantially more using that slot to flip higher valued items.

Of course, you could have bought silk at 1c over vendor price about a month ago and immediately relist at a 1000% value but that would have a couple of disadvantages.

First of all, you would have your stock locked at a certain price, being shafted, if the price would spike at 900% value resulting in a loss of 15% fees and taxes (cutting your profits to 765% after relisting) but also be a huge loss of online time because relisting a couple of hundred stacks takes some time. You also cant react to the market, if you dont have the items at hand.

Also, by immediately relisting your supply, you make public how much you got.

As you all know, the supply of an item is the Ying to the Yang of Demand that defines the price.

In the game economy, there are basically 3 kinds of supply:
The supply listed on the TP for sale, which is visible to everyone.
The supply in inventories and banks that is only visible by yourself to your own.
The supply that gets generated every day through loot drops.

For the latter 2 kinds of supply, only Anet knows exact numbers but it makes a mayor difference in the price evolution of those items.

Gossamer is a good example because alot of people hoarded gossamer in their personal storage in anticipation of asc armor.
This resulted in a low ratio of gossamer on the tp compared to gossamer not being listed and eventually having more supply in the economy than demand when demand was expected to rise.

The supply on the trading post is also a big incentive for high rolling speculators to invest into an item or not, so the lower the ratio of supply listed on tp/supply in personal storage the harder it gets to predict price changes.
This is one of the main reasons why i try to keep all the items i invest in in personal storage and not instantly relist on the tp, at least for long term flipping, of course.

Ok, so Silk Scrap jumped to 1s a piece. 1250% profit
The weekend should speed things up a little. I only sold 50 stacks of it by now.
Got rid of all the gossamer tough, now i have enoth gold to pay listing fees and the price seemed to go down slowly but steadily since the update crashed it’s potential.