Guild Wars 2

Obviously with the rampant speculation of gossamer’s usage in ascended armor there was a huge price spike and then a complete deflation of gossamer, lots of gold lost there, me thinks. Currently it sits 1.20S (buy cost, not sell, selling is at 1.34S) or about 30 copper off its’ all time low of 90 copper back in May of last year (‘13). Do people think this commodity can sustain this low of a cost? The gathering of the scraps isn’t forecast-able since it relies on the RNG drop rate, this seems like a decent investment to me, thoughts?

Thanks,

Gossamer could very well have bottomed out. It could increase in the future but that could be more than a year away, as it could play a part in Legendary Armor.

It’s no longer a decent investment since there is a lot of gossamer on the market. The demand would have to be so immense and so great that it would have to consume a good chunk from the TP.

Sell listings keep rising in volume steadily which I would think indicates more supply coming in with a low demand. People still farm silk, so gossamer keeps on dropping along with it. It could go down even further, if demand stays the same.

Just the 2 opinions I was looking for…thanks for your thoughts….I am going to keep an eye on it.

One important thing to keep in mind.

If Anet introduces demotion through the mystic forge, gossamer could very well rise in value (and other materials). As to how much, we don’t know.

If there weren’t any other better investments, I would pick gossamer. But the opportunity cost is high, so I don’t recommend it.

The issue with Gossamer is that there are no actual big “sinks” of it aside from getting a crafting discipline from 400 to 500 (and even for that, you don’t need more than 100 Bolts of Gossamer if you know what to make).

With Orichalcum is different because there are still some Mystic Forge weapons that require “250 Orichalcum Sword Hilts” or so to make, which is a HUGE sink even if only a few people actually make them.
IMHO that’s the reason why Orichalcum Ore is sitting firm at nearly 3s (clearly the price has decreased because people have already maxed their weaponcrafting disciplines), while Gossamer is dropping every day.

hihey.1075:

The issue with Gossamer is that there are no actual big “sinks” of it aside from getting a crafting discipline from 400 to 500 (and even for that, you don’t need more than 100 Bolts of Gossamer if you know what to make).

With Orichalcum is different because there are still some Mystic Forge weapons that require “250 Orichalcum Sword Hilts” or so to make, which is a HUGE sink even if only a few people actually make them.
IMHO that’s the reason why Orichalcum Ore is sitting firm at nearly 3s (clearly the price has decreased because people have already maxed their weaponcrafting disciplines), while Gossamer is dropping every day.

For Ori, there still is a sink to come with jeweling.

Wanze.8410:

hihey.1075:

The issue with Gossamer is that there are no actual big “sinks” of it aside from getting a crafting discipline from 400 to 500 (and even for that, you don’t need more than 100 Bolts of Gossamer if you know what to make).

With Orichalcum is different because there are still some Mystic Forge weapons that require “250 Orichalcum Sword Hilts” or so to make, which is a HUGE sink even if only a few people actually make them.
IMHO that’s the reason why Orichalcum Ore is sitting firm at nearly 3s (clearly the price has decreased because people have already maxed their weaponcrafting disciplines), while Gossamer is dropping every day.

For Ori, there still is a sink to come with jeweling.

Yes, but even after a few months from the release of Ascended Jewelcrafting I don’t see the price of Oris to drop below 3s.
I also forgot to mention the people who craft Exotics to throw in the MF for precursor gambling, which is another reliable orichalcum sink which does not have a counterpart for armors (and for cloth more specifically).
I don’t know what ANet intends to do with Crafting Precursors, but I believe they will need Deldrimor Ingots far more than Orichalcum to craft.