Thoughts on Gossamer, has it bottomed out?

Thoughts on Gossamer, has it bottomed out?

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Posted by: Cassocaster.4576

Cassocaster.4576

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,

Thoughts on Gossamer, has it bottomed out?

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Posted by: Vol.7601

Vol.7601

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.

Thoughts on Gossamer, has it bottomed out?

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Posted by: Wanze.8410

Wanze.8410

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.

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Thoughts on Gossamer, has it bottomed out?

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Posted by: Cassocaster.4576

Cassocaster.4576

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

Thoughts on Gossamer, has it bottomed out?

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Posted by: Vol.7601

Vol.7601

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.

Thoughts on Gossamer, has it bottomed out?

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Posted by: hihey.1075

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.

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Thoughts on Gossamer, has it bottomed out?

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Posted by: Wanze.8410

Wanze.8410

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.

Tin Foil [HATS]-Hardcore BLTC-PvP Guild
Bloin – Running around, tagging Keeps, getting whack on Scoobie Snacks.

Thoughts on Gossamer, has it bottomed out?

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Posted by: hihey.1075

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.

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