Guild Wars 2

I noticed the price of goods fall so much that it’s actually better to sell the mats for a Bolt of Damask individually or buying a Bolt of Damask than selling it directly. One could sell all the mats for it, buy one, and be almost a gold richer than if they were buy it directly for example:

https://www.gw2spidy.com/item/46741

High priced goods will stay high whereas at the lower end they just keep getting cheaper meaning you’ll need to take that much longer to reach your goal assuming anyone buys before you have a gazillion people instantly undercutting by a copper.

It may have something to do with people getting the ascended mats chest from the daily login rather than laurels.

I had noticed that. My own assumption is that most have finished crafting and those that are making ascended gear are crafting rather than buying, since no rush, or that they are waiting for Legendary armor to invest gold in buying Bolts and Ingots.

It’s just S&D in action. The demand for the two items is the same but the supply for the latter is lower than the supply for the former which makes for the imbalance. What should happen is the price for Damask should drop to follow the increase in the number items, the reduction in the playerbase needing those items in general, and the overall increase in the wealth of the playerbase which makes gold worth less.

Yes the market is crashing, by design.

You can thank the economic changes to the game that made raw gold more valuable than goods.

As far as the ascended mats (Damask, Deldrimor Steel, Elonian Leather, Spiritwood) go, this is more or less just a return to the way things were before. Whereas before HoT Elonian Leather and Spiritwood weren’t profitable to craft while Deldrimor Steel and Damask gave nice profits, it is now Damask and Spiritwood that are marginally profitable at best while the other two are doing just fine.

One of the things that has indeed crashed hard is T5 fine mats (except for Dust, which has gone up), and I’d like to see that addressed at some point.