Guild Wars 2

1. Open Gifts and get a lot of Snowflakes.
2. Mystic Forge 10 Delicate, 10 Glittering, 10 Unique, 10 Pristine Snowflakes.
You get 5 Giant Wintersday Gifts.
3a. Open those Gifts. You get a lot of Snowflakes back.
Repeat Step2 with the Snowflakes.
3b. You also get a lot of Beautiful Socks,Hats,Sweaters.
Salvage the Beautiful Socks,Hats,Sweaters into Ugly Socks,Hats,Sweaters.
Trade in the Ugly Socks,Hats,Sweaters for more Giant Wintersday Gifts. Repeat Step1.

You get a lot of Wool,Cotton,Silk,Linen Scraps in the salvaging part.
You also get a lot of Essences of Luck while opening gifts.
This can be repeated a large amount of times, possibly infinitely.

Please let us know if this is an exploit or working as intended.

I doubt it is infinitely. And the Devs announced the recipes. If the Devs feel the economy is out of balance, they will adjust the drop rates. And remember, it is for a limited time.

https://forum-en.gw2archive.eu/forum/game/gw2/New-Mystic-Forge-Recipe

from what i see in this thread, it seems this is working as intended.

Good to see your misgivings were allayed. =)

It is literally no different than the maize balm stuff…. except replace the balm with snowflakes….. and the ambients with the mystic forge.

The prices of everything else is set by players….. so prices will come down once more supply of items gets put up on the tp.