Posted this in another thread that’s having “page 2 bug” issues, so here we go…how I basically make my Gold by doing nothing. Literally, I put up buy orders, go level…come back to town before I wanna log off, do my stuff and resell it all. Come back next day to a pile of money.
For those asking how to make gold, I have about 50 now between what I have on hand and some investments. The key part is the last part, it is going to be a long hard road if you think you’re going to make a lot of money selling your blues and greens. As many people have found out they’re not worth much on the TP, partially because of poor undercutting but largely because they are abundant. Same goes for practically all rare weapons. What you need to grasp is the concept of taking a loss now for possibly higher gains later. Ways to do that is leveraging your crafting disciplines, making a decision on whether to salvage or not and how much are you willing to spend at the possibility of doubling, tripling or quadrupling that investment.
Not long ago, you could make a small fortune on Superior Runes of the Pirate, for obvious reasons, people wanted them and were willing to pay for them. The materials to make them were cheap, you could quite literally buy a Platinum Doubloon and two Gossamer Scraps to make a Superior Rune of the Pirate and have anywhere from 10-15s in pure profit. Not so much now, however they still sell for 40-45s you just need the Doubloons which are somewhat abundant. Abundant enough that it’s worth trying for. This is what I mean by leveraging your crafting.
For Jewelcrafters, your biggest hurdle is Globs of Ectoplasm, however some Exotic accessories sell quite well, in the 2-3g range. Start salvaging your rares for ecto’s when it makes sense to do so. Use either the Black Lion Salvage kit, or a Mystic Salvage Kit or the Master’s Salvage Kit on Level 68+ rares for a chance at 0-4 Ectos. The caveat here is you need to know what that Rare is going for. If it’s going for more than 30s, preferably 40s or more, try and TP it. If it sells you’ve made enough in profit to get at least 1-2 Ectos. If it’s anything below that in the 20s range. Salvage it. You might get burned with nothing but Mithril or some Silk in return, maybe the cheap major sigil on it, but you could luck out. Start turning those into Exotic accessories and you’ll be rolling in gold. This works for non JC’s too, just a bit less dramatic, but Ecto’s are almost a guaranteed sell. So if the math works out and with a bit of luck, you should be getting a higher ratio of Ecto’s from each rare. Is it going to work overnight? Not likely, but a week, couple weeks, you’ll be looking at returns of 3-5g from the TP, well on your way to maybe stepping it up a bit.
I and others prefer to make it by literally gambling on the Mystic Forge. Between trying to trade up cheap Rare Dyes for better Rare Dyes can turn 40s into 2-3g pretty fast if you get lucky. It’s all about how much you’re willing to risk. I have no qualms with dropping 2-3g on cheaper materials on the Trading Post in large quantities and literally transmuting it in the forge into gold. Doesn’t always work, but if you stick with it and don’t act cheap about it (ie. don’t buy 20…buy 200) you’ll find that generally you’re making profit. It’s enough of a return that I feel lucky enough to try buying rare weapons and armor directly and trying to reforge it into Exotics. Because a 1-1.5g gamble can pay off big time.
I do these things every day and have yet to end a day lower than when I started, it’s almost always break even or profits. Don’t get discouraged though if you do go down, you can always build it back up again with Ectos etc.
