Simple question, I’d have thought the price would have start to decline now “rushers” are finished with their armor. But it’s still going up and up, with no sign of stopping.
This baffles me, are some barons buying lots up to dump at a later time?
It’s both possible. But just because some rushers finish their set. Dont’ mean there isn’t a bunch of non rusher just getting started. Or people have alts.
It’s both possible. But just because some rushers finish their set. Dont’ mean there isn’t a bunch of non rusher just getting started. Or people have alts.
But prices of … well pretty much everything required … is going up. I can’t see many people that were not interested at release being interested now. Not to mention, more silk is probably being salvaged now it’s worth something.
they are probably always interested. They just don’t have the money to buy it before.
I rushed to finish my ascended weapon in a few days. A bunch of my guidie want ascended weapon also. They just don’t have the money to do it as fast as me.
The recipes for silk ascended upgrade thing cost far more than the other items, so there is going to be a constant demand for larger quantities of silk compared to the other components. Also it’s required for all ascended armor sets iirc, which adds a lot more demand.
Even if the ‘rushers’ are finished, if it takes over a month to make ascended light there will still be a lot of people in progress. Especially knowing it was released just before the holiday period.
It hasn’t been long since people that started on the first day and have done their damask every day have had enough for a full set of leather/metal. Cloth still needs a little while longer. Then you have people making 2 sets etc. It’ll go down, just give it more time.
Honestly I don’t expect it to fall. You need a ridiculous 300 silk per bolt of damask… there is no way supply can keep up with that. The only reason it’s stayed lower this long is from people offloading millions of silk they’ve hoarded. Wool is also rising slowly but surely.
300 silk scraps per day isn’t really feasible so that is basically requiring 2+ people farming silk all day for every bolt of damask being made
Wool shouldn’t be a big problem with being able to upgrade jute to wool so easily. It’ll take longer than the wood did to go down but I’m sure silk will drop (it obviously won’t be the same as it was before ascended armor hit though).
I can’t see many people that were not interested at release being interested now. Not to mention, more silk is probably being salvaged now it’s worth something.
At release it was profitable to sell damask bolts, currently it’s not, a lot of people saw the profit and sold sold sold, now there’s no profit they are making it for their own use.
You still make 43s over mat cost so there is some profit there. Deldrimor steel ingots give you more though (59s)
http://www.gw2spidy.com/ is a wonderful place.
Not to mention those who craft everyday to stockpile in speculation of legendary armor needing damask as well and also the light of dwayna seems very popular
Don’t forget many people go away for the Holiday’s. I was gone for 10 days and unable to play. That means people will be returning just as the hardcore players are finishing up meaning the demand will stay the same (ish).
my guess is people expect prices to bounce back down, and they have their buy orders sitting there at 8c when that happens.
It will remain elevated while a profit can be made crafting Damask. Even if someone has crafted all their ascended armor, they can still craft Damask for profit.
I stopped selling my Damask a week ago because I think I’ll get more profit if I sell it later. So far that is proving correct as Damask has been trending upward (over 1.5g in the last week).
EDIT: I think ANet underestimated the demands upon silk and damask. It’s used for every armor crafting profession. Or maybe they didn’t and they just wanted to create some starved markets… no clue really.
You still make 43s over mat cost so there is some profit there. Deldrimor steel ingots give you more though (59s)
http://www.gw2spidy.com/ is a wonderful place.
Which is pretty tiny compared with at release they were generating a couple gold profit since silk, linen, wool, were far far cheaper.
they should just balance silk scraps needed for the damask, and make simply that light armors require cloths, medium leathers and heavy metals…
would both reduce the silk scraps required from people (tons of war/guardian not buying it = more supply = cost should drop), and put some value to other mats, that still are pretty useless since the launch
You still make 43s over mat cost so there is some profit there. Deldrimor steel ingots give you more though (59s)
http://www.gw2spidy.com/ is a wonderful place.
Which is pretty tiny compared with at release they were generating a couple gold profit since silk, linen, wool, were far far cheaper.
According to gw2tp.com, the profit is more like 4g, not 40s.
http://www.gw2tp.com/recipes?name=bolt+of+damask&profession=0&levelmin=0&levelmax=500
Spidy has it at 2G but it all depends on when the samples used in the crafting calculation are taken and how frequent. GW2Spidy shows it’s math and mat costs while GW2TP doesn’t.
I just completed my first full ascended set for one character on my (20+ players) guild build. Today we went roaming in WvW and I am running my guild build in (~5 player) small scale fights and my leader/commander mentions my build is not right for small scale and I need to repec it for small scale. But this requires different armor. I have 8 characters. My demand for silk is not going to stop for some 6 months and who is to say balance patches won’t make me need different armor.
Simple question, I’d have thought the price would have start to decline now “rushers” are finished with their armor. But it’s still going up and up, with no sign of stopping.
This baffles me, are some barons buying lots up to dump at a later time?
It’s going to go up and up because Anet changed the recipe.
You still make 43s over mat cost so there is some profit there. Deldrimor steel ingots give you more though (59s)
http://www.gw2spidy.com/ is a wonderful place.
Which is pretty tiny compared with at release they were generating a couple gold profit since silk, linen, wool, were far far cheaper.
According to gw2tp.com, the profit is more like 4g, not 40s.
http://www.gw2tp.com/recipes?name=bolt+of+damask&profession=0&levelmin=0&levelmax=500
Spidy does a better job of estimating crafting, and it shows a 2.38g profit right now. I’ve never used gw2tp before, but it looks like its basing all prices off the current bid rather than ask. Right now, damask sells for a profit even if you insta-buy all mats and insta-sell to the highest bid.
As for why this is persisting so long, I don’t think people realize just how much silk ascended armor consumes. A full set of ascended cloth armor for a single character uses 10800 silk scraps. Looking at mithril as a comparable with ascended weapons, the maximum semi-realistic cost for a full set of weapons is 1350 mithril. A more realistic expectation is 600-1000 mithril (d/d + sb thief, 950 mithril – gs + staff guard, 600 mithril, etc). If we call that an average of 800 mithril per character, and reduce the silk average to 8800 (non-cloth is around 7500 silk per set) we’re looking at silk demands from ascended crafting as 11 times the size of the mithril demand.
Silk is harder to get, too. At least I get way more Mithril from salvaging (and mining too), than silk
The issue was/is clearly evident when it simply is not possible for a player to go out and collect the required mats themselves. Having players have a need (to stay within reasonable time constraints) to purchase such an amount via the tp on a regular basis is simply a recipe for speculators (who are unregulated) to run rampant.
With a current profit of 4g 82s per stack, silk bought out of the pre ascended speculation is making some players more gold than anything ever possible in the game. Those that speculated heavily need to leek it back into the market to keep prices elevated, as dumping it back would only serve to crash their own profits. In other words those with mountains of silk will only release it at a rate that doesn’t curb demand.
So basically it’s a two part issue. 1st the required amount of silk was not thought out well by Anet. 2nd player speculators acting such as Debeers (diamonds are not that rare tbh), that have stockpiles of silk will only make them available at a rate that does not curb demand. At such a high unregulated amount of profit can you blame them?
The issue was/is clearly evident when it simply is not possible for a player to go out and collect the required mats themselves
I’m so sick of this ridiculous, false, ignorant, constantly repeated, often disproven, entirely baseless, lying, worthless comment.
I have more than enough mats for crafting a full set of ascended (non-cloth) armor. None of these mats were purchased on the AH. All of them were earned through normal play. The same is true for my two ascended weapons I’ve already crafted (and I have more than enough mats for another probably 6-10 of them). Repeating the same lie over and over won’t magically make it true.
The issue was/is clearly evident when it simply is not possible for a player to go out and collect the required mats themselves
I’m so sick of this ridiculous, false, ignorant, constantly repeated, often disproven, entirely baseless, lying, worthless comment.
I have more than enough mats for crafting a full set of ascended (non-cloth) armor. None of these mats were purchased on the AH. All of them were earned through normal play. The same is true for my two ascended weapons I’ve already crafted (and I have more than enough mats for another probably 6-10 of them). Repeating the same lie over and over won’t magically make it true.
Well 1st off you are arguing weapons when we are talking about armor. So right off the bat…..wrong subject. 2nd Unless your play is indicative of other players, it has no relevance to the topic as a whole. That said…..
Please by all means go out and gather 300 silk per day everyday on top of doing anything else.
(edited by Essence Snow.3194)
The issue was/is clearly evident when it simply is not possible for a player to go out and collect the required mats themselves
I’m so sick of this ridiculous, false, ignorant, constantly repeated, often disproven, entirely baseless, lying, worthless comment.
I have more than enough mats for crafting a full set of ascended (non-cloth) armor. None of these mats were purchased on the AH. All of them were earned through normal play. The same is true for my two ascended weapons I’ve already crafted (and I have more than enough mats for another probably 6-10 of them). Repeating the same lie over and over won’t magically make it true.
You don’t really represent the player base Syeria — to have all those materials on hand already, you must have also bought lots of gems to store them. You would have to be playing since beta, playing often, and salvaging everything (even before luck was introduced).
I’ve been playing since beta, salvage everything since luck was introduced, and I sell nothing. I’ve never accumulated 10,000 silk (closer to 5000). I play about 15 hours which is high considering other family commitments.
If anything, your post sounds more baseless and untrue than the others.
Because some people have not yet begun to make ascended armor. I don’t have a single piece across 3 level 80s. The price of silk is going to stay high, probably for months.
The issue was/is clearly evident when it simply is not possible for a player to go out and collect the required mats themselves
I’m so sick of this ridiculous, false, ignorant, constantly repeated, often disproven, entirely baseless, lying, worthless comment.
I have more than enough mats for crafting a full set of ascended (non-cloth) armor. None of these mats were purchased on the AH. All of them were earned through normal play. The same is true for my two ascended weapons I’ve already crafted (and I have more than enough mats for another probably 6-10 of them). Repeating the same lie over and over won’t magically make it true.
You don’t really represent the player base Syeria — to have all those materials on hand already, you must have also bought lots of gems to store them. You would have to be playing since beta, playing often, and salvaging everything (even before luck was introduced).
I’ve been playing since beta, salvage everything since luck was introduced, and I sell nothing. I’ve never accumulated 10,000 silk (closer to 5000). I play about 15 hours which is high considering other family commitments.
If anything, your post sounds more baseless and untrue than the others.
Read the post a bit more closely.
The statement was 4/6 of non-cloth ascended. 4/6 is 2/3. Non-cloth ascended is around 7500 silk, which means over the past month, plus the savings from prior play (when it became clear ascended armor was imminent) that’s 5000 silk. Having 250 silk + 250 bolts (equivalent to 750 silk) on the day ascended armor was given a release date was trivial. Anyone who has been playing long enough to have a level 80 for a couple months should have had that at the time (unless they were actively trying to have less than that). That alone takes care of 20% of the stated amount.
Since the date ascended armor would be released was announced around a month in advance, we’re looking at two months to acquire 4000 silk. That’s about 460 per week (4000/61*7=459). I’m assuming your 15 hour statement was “15 hours per week.” Based on that, for you to make 460 in a week, you would need to gain 31 silk per hour. That’s a touch on the high side, and so with your play amounts, it’s not likely you’re quite to that point. However, 20 silk per hour is quite reasonable (depending upon which things you’re doing in game, and assuming you don’t spend large amounts of time sitting around doing nothing). In your situation, it’s reasonable for you to have 20 * 15 * 8.7 +1000 = 3610 silk. That’s just about half a set of ascended armor.
The issue was/is clearly evident when it simply is not possible for a player to go out and collect the required mats themselves
I’m so sick of this ridiculous, false, ignorant, constantly repeated, often disproven, entirely baseless, lying, worthless comment.
I have more than enough mats for crafting a full set of ascended (non-cloth) armor. None of these mats were purchased on the AH. All of them were earned through normal play. The same is true for my two ascended weapons I’ve already crafted (and I have more than enough mats for another probably 6-10 of them). Repeating the same lie over and over won’t magically make it true.
Well 1st off you are arguing weapons when we are talking about armor. So right off the bat…..wrong subject. 2nd Unless your play is indicative of other players, it has no relevance to the topic as a whole. That said…..
Please by all means go out and gather 300 silk per day everyday on top of doing anything else.
Oh look, you completely ignored large portions of the post in some sort of vain attempt to argue things that aren’t there. Then you make arbitrary new rules and restrictions solely for the sake of defending your still completely falsified point which has absolutely no merit and only serves for you to keep on with some sort of bizarre vendetta you have against…well it’s really not clear why you spend so much time crusading and constantly trying to mislead people. But you’re right, 70 is exactly equal to 300.
The issue was/is clearly evident when it simply is not possible for a player to go out and collect the required mats themselves
I’m so sick of this ridiculous, false, ignorant, constantly repeated, often disproven, entirely baseless, lying, worthless comment.
I have more than enough mats for crafting a full set of ascended (non-cloth) armor. None of these mats were purchased on the AH. All of them were earned through normal play. The same is true for my two ascended weapons I’ve already crafted (and I have more than enough mats for another probably 6-10 of them). Repeating the same lie over and over won’t magically make it true.
Well 1st off you are arguing weapons when we are talking about armor. So right off the bat…..wrong subject. 2nd Unless your play is indicative of other players, it has no relevance to the topic as a whole. That said…..
Please by all means go out and gather 300 silk per day everyday on top of doing anything else.
Oh look, you completely ignored large portions of the post in some sort of vain attempt to argue things that aren’t there. Then you make arbitrary new rules and restrictions solely for the sake of defending your still completely falsified point which has absolutely no merit and only serves for you to keep on with some sort of bizarre vendetta you have against…well it’s really not clear why you spend so much time crusading and constantly trying to mislead people. But you’re right, 70 is exactly equal to 300.
What in the world are you talking about? 1 bolt of damask= 1spool of silk weaving thread aka100 bolts of silk or …wait for it….300 silk scraps
The problem is now becoming so bad that scammers are targeting the high end cloth materials as their item of choice. I`m surprised this is being allowed to continue.
demand will drop just like with planks
i will not going to make the same mistake and stack 75 damasks then sell 3 times cheaper later (like i did with planks)
i did my set now i will sell everything
Let’s just be honest, the high volume requirement was put in place to slow progression. You were either going to have enough to gear a couple of characters or you were going to buy a lot of gems to gear your alts. It’s the slowing down and the gear chase they wanted from the start.
Thus, silk demand is more than likely going to stay high for the near future.
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