Tag Archives: gems

Making Gold With Minimal Time

26 Jan

From ehow.com

Gosh darn it’s hard to get back to posting on this blog! It’s been tough with the family commitments over the holidays, and ramping back into school with the kindergartner. However, I have been able to maximize my minimal playing time with the obsidium/elementium shuffle and Transmute: living elements. These process is widely available on the internethers, but results will vary based on your server, time you log on, and when you purchase and sell on the auction house.

 

Seriously, I have been making boatloads of gold with these two quick processes. Now, not gold-capped type of gold; I only have about 15-20 minutes a day to do this, so there are MANY markets that I am not taking advantage of.  First of all, these are the tools I have at my disposal: auctioneer, auctionator, and the mobile AH (yes, it’s $2.99/mo). That’s it. Obviously you don’t NEED these tools, but they help me automate a little bit more of the process and to take advantage of opportunistic times to buy and sell.

 

Step 1: Buy elementium or obsidium ore…lots of it! Servers will vary, but I can reliably buy dozens of stacks at 80G or less. Sometimes it actually dips down to less than 60G/stack like it did last weekend…boy did I lap it up. See, you’ll never have to worry about losing money on it if stacks are around 60G or less because of the vendored value of cut uncommon gems. Each stack will prospect to an average of 6 uncommon gems. These uncommons, if cut, can be vendored at 9G x 6 = 54 G. So, this is the theoretical market price floor of the ore. God forbid, if you EVER see it cheaper than 54G/stack, you have some idiots on your server.

Step 2: Prospect, prospect, prospect!!!

Step 3: Do your market research to determine how best to craft and sell your wares. If can maximize your profit if you have access to an enchanter. I have an alt enchanter that I mail mats to DE. Anyway, this is how I process my gems to maximize profit:

Uncommons:

  • carnelians – I craft into Carnelian Spikes and DE with an alt. I’ve been getting an average of 2 Greater Celestial Essences per weapon, plus some lessers and Hypnotic Dust. The GCEs sell for 40-50G on my server, thus each weapon’s DE value is 80-100G, not including the additional mats I mentioned. This is also a value I use to watch for purchasing Carnelians. Since it takes 3 of these to craft the spikes, I’ll purchase the carnelians outright if they are <20G each, since the production cost will be <60G; it’s just sweet icing on top!
  • jaspers – I used to make Jasper rings and DE them, but dusts are down to 7G and less on my server, so now I’ve been holding onto my jaspers, and selling them in stacks of 3 when the JC daily comes up. I can usually sell them for about 20G each, as opposed to the DE value of around 12G.
  • hessonites – sell in stacks of 3 when the daily comes up. The JC ring requires 2 of these, so DE isn’t as profitable on my server as just selling the raws
  • alicites – the raws are down to 10G each, so I do craft the necklace that requires 2 gems, DE the greens, and try and sell the blues for which I usually get 50-100G
  • zephyrites – sell in stacks of 3 when the daily comes up.
  • nightstones – probably the highest valued raw uncommon on my server. I sell these in stacks of 3 when the JC daily comes up, and I routinely sell them at 50G per gem!
  • Fire Prism: This is NOT profitable, but I did create 3 of these just to level my JC to 525. It takes 3 of each of 6 uncommons, and usually only produces 2-3 rare gems.
  • Shadowspirit Diamonds: Although it is most profitable for me to do the above, I do have an alchemist, so I occasionally transmute my uncommon gems into 2 Shadowspirit Diamonds to either sell raw (can be over 200G each!) or to cut into one of 2 current meta gem patterns I have. My alchemist is transmute-specced, but I have yet to see a proc of more than 2 diamonds. The Ember and Chaotic sell for around the same 200G, although not as regularly as the raw diamond itself.
  • Enchants: One enchant is selling very well: Enchant Chest – Mighty Stats. It requires 2 lesser celestial essences and typically sells for 70-100G. However, this enchant cannot be flooded onto the market, so I can’t make a ton of them. I make several at a time and reap the profits.

Rare gems – I typically just horde these and cut 3 of each color for the patterns I have already. I get about 100G per Bold Inferno that I cut, but all other patterns bring in around 30G per..not very lucrative, but money nonetheless.

This process above can take me 15-20 minutes per day. If I had more time, I would just be making more money!

As I mentioned, I do have an alchemist. I have parked her level 80 booty at the Ramkahen Inn in Uldum, and now that there is a mailbox there, it makes it so easy to do this. I simply purchase Volatile Life with this toon on my iPhone mobile AH (when I’m at work, or just out), and when I’m home, I simply log on, retrieve the Volatile Life, transmute it to Volatile Air (being present in Uldum forces this specific product), and log off. I later sell the air from the mobile AH. All in all, I purchase 15 lifes for an average of 150G, and sell 15 airs for an average of 450G, which is a 300G per day profit for about 2 minutes of “work.” It’s definitely my best gold/min strat, but because of the CD, is limited to once a day. However, I’ve been doing this for about a month now, and it adds up. That’s 30 days x 300G = 9000G without even trying.

Crap, I just wasted some gold-making time…back at it!

 

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Where’s all that Cataclysm farming gold durnit?!!!

8 Dec

First of all, it’s been over 2 months since I’ve posted…I won’t get into the details in this blog, but work and family have been over-bearing, hey this blog is about balancing family life with gaming (but not necessarily blogging?!)

So, it’s been about 44 hours since Cataclysm launched here in the US, and I was ready and waiting. No, I didn’t flip anything like many bloggers I’ve been keeping up with, nor did I stockpile vast quantities of leveling mats and goods (Netherweave bags anyone?). However, I did take some advice from Kaliope’s Crafting Tome to get mining to 525 ASAP and hopefully turning a HUGE profit. Even the “experts” all agreed that farming the first week or two of the expansion would reap huge stockpiles of gold for those who chose to do so. How wrong they all were?! (at least in the first 36 hours). There are many bloggers out there commiserating and a bit depressed about the weak returns. At least I didn’t invest capital into flipping or large quantities of crafting goods, because I would be sitting on a ton and losing my shirt!

Back to mining: I took Kaliope’s advice and camped in Northrend after getting the mining glove enchant, purchasing Master Riding for 310 speed and then respecced frost to grab “On a Pale Horse,” which gives my toon an additional 20% mounted speed, much like a paladin’s Crusader Aura. That would effectively put me at 372% flying speed! After a frustrating 25 minutes of trying to login on launch night (to be expected, of course), I finally appeared in Dalaran. My trusty tauren DK was parked in front of the mining trainer, where I quickly picked up Grand Illustrious Mining, grabbed the same for blacksmithing, then headed to Krauss’ Landing to get Old World Flying for later. I then flew routes around Icecrown, Wintergrasp, and Shalozar Basin until I got to 470 mining skill (took about 15 minutes total). It was beautiful because there was no competition for ore in Northrend at that point. I then deathgated to Ebon Hold, mounted up, and flew south to Twilight Highlands to farm Elementium Ore, which requires 475 skill (remember my +5 mining glove enchant?). This served the great purpose of efficiency and lack of competition. I didn’t see another toon for the first hour in TH! I eventually saw several, but I had my pickings. I began to have visions of a realm first, but I ended up missing it by a paltry 15 minutes (thanks login server boss!). That’s ok, I was there to MAKE GOLD DARNIT! After reaching the mining cap, I just farmed Elementium, Rich Elementium, and Pyrite Nodes. In approximately 4 hours of farming, I netted 979 elementium ore, 79 pyrite ore, 6 rare gems, about 20 green gems, and about 200 volatiles (fire, water, earth).

Now is when I tell you how my visions of extreme riches came crashing down.

About an hour into farming, I had about 250 elementium ore. At that point I noticed someone spamming trade that they would pay 300 g per stack of elementium ore. I scoffed at it; literally laughed out loud at my screen at that preposterous offer! Oh how I wish I c0uld turn back time to jump on that offer. See, after I farmed up nearly 50 stacks of the stuff, I hit the AH to post, but not flood, the market with my mats for many riches, or so I thought. Elementium at that point was going for 90g/ore, translating into 1,800g/stack!! Even Basil B. himself thought ore could be going for 1-3k/stack in the first few days. So, I posted and went to bed for about an hour.

After dropping my kid off at school and an hour commute to work, I check my mobile armory AH and discovered that the price of elementium was quickly plummeting! I quickly canceled and reposted and did so throughout the day. The only saving grace is that I did end up selling 4 stacks at 600 g/stack, about twice that trade channel offer. After that, I cried. Everything plummeted below for what that initial offer was, and all within 18 hours of launch!!!! I sold another 10 stacks at 180g/stack, but since haven’t sold a lick. The undercutters are too fast. As of this post, we are 44 hours after launch, and the current lowest price on my AH is 2.9 g/ore or g/stack. The price is almost at it’s floor!! How do I know this? Well, others have been smart to forecast this, as jewelcrafting comes into effect:

From Wow Insider, “Cut green gems vendor for 9g. Prospecting and vendoring alone will set a minimum vendor value on a stack of ore, depending on the prospecting average yield. For example: If a stack of ore on average gives us six green gems, these gems can be cut and vendored for 9g each, which means you will only ever find ore for less than 54g if a jewelcrafter hasn’t logged in since it was posted.”

Looking at the Undermine Journal confirms a flooding of the market. Here are two graphs 40 hours into the expansion:

The top graph shows market price. You can see the rapid decline to it’s 6pm, day 2 value of 3.58 g. The bottom graph is the number of elementium ore available…over 5,200!!

Apparently everyone had the same idea!

Despite the lower-than-expected gold making, I have still made over 5.7k gold by selling Cataclysm ore, gems, and volatiles…all in about 4 hours of farming for over 1k gold per hour. PLUS, I still am sitting on 800 elementium ore left over. I know, I know, you’re probably screaming at me to just dump that too…it’s pure gold, right? Well, that’s true, but if the floor indeed holds at 54 g/stack, and it’s at 58 g/stack right now, I may just keep the ore to level my blacksmithing instead of making a small margin to reinvest into purchasing these same mats for leveling 3 weeks from now.

I will still keep a close eye on the market as I start leveling my main to 85…it’s always possible that there was an initial flood that will temper off into a moderate rise in market price, significantly above the gem vendor floor of 54g/stack.

Of course, I’ve been wrong before!

Don’t drink too much

22 Sep

This hasn’t been too hard for me lately as I’ve succumbed to the P9oX fad; only it’s not a fad, I love it. 40 days in and I’ve lost 10 pounds, put on decent bulk, and feel fantastic! Of course, doing any vigorous activities for 60-90 minutes, 6 days a week will yield some results, no?

Actually, what I’m talking about is Brewfest baby! It started a couple of days ago, and I’ve been running all 5 of my 80s through it since it dropped. Not only are the queues for DPS under 3-4 minutes, but it’s 2 frost badges, a trinket here or there that my low geared 80s need anyway, and a chance for Coren Direbrew to drop some rare loot like a mount or the Tankard O’Terror, which my rogue happened upon in his loot barrel. Now, my Auctioneer data reported that the weapon is around 2-2.5k in value. I quickly mailed said mug to my bank alt, salivating at the 2k drop, only to look at the board and see about a dozen tankards already up. The lowest price was 109 gold. WTF?! Ok, so maybe getting this weapon isn’t going to be a money maker, but it’s an ilevel 226 weapon, good for rogues and enhancement shamans. I guess it’ll end up with one of them as I level in Cataclysm :(. Besides the drops, each alt gets 20 gold as well. Include that with occasional vendoring of trinkets, and I pull in 100+ gold plus 10 frost badges in about 15-20 minutes. Not bad, not great, but not bad for gold/hr.

That’s about all the time I have on my toons now. In fact, “Call to Auction,” a great podcast about making gold in WoW, answered my email on air in their last episode. I asked how I might take advantage of my maxed professions with the 10 minutes per day I have to spend in the AH. They actually recommended that I drop scanning the AH daily, as I should know what sells. Also, focus on my profession cooldowns, sell what sells for a moderate price, and that’s about it. I was surprised about the AH scans, but the economy of WoW has been a bit upside down lately. Usually, my red cut epic gems would sell between 140 and 160 gold. I’m lucky to sell them for 110 these days. Even raid nights bolds, brights and runed cardinal rubies are going for under 100g. Ouch. With this trend line pointing down, and 4.0.1 dropping any week now, I suppose I need to have a fire sale to get any value out of my 2 dozen gems or so. Better than nothing, anyway.