Every week I report back my progress to hit the gold cap and provide a recap of my gold making activities, you can see past updates here.
With the server transfer far behind me now I’ve become very comfortable on my server and had a very successful week making gold.
The story of this past week has definitely been investing into items for the release of patch 3.3.3.
Progress To Hit The Cap
My last update was on February 22nd 2010 which was 8 days ago. Here were the numbers then:
Liquid Gold Total Feb 22nd: 89, 373g
Total Including Inventory: 148,446g
It is now March 2nd 2010 and here are my totals:
Liquid Gold: 96,598g
Total Including Inventory: 192,256g
I didn’t have a guild bank set up in my last gold update so that is why you never saw those numbers included. The Grand Total does not include the value of items that are located in the guild bank.
Going from 148.5k to 192k = 43.8k gold gained in 8 days which equals 5,476g/day.
Gold Making Activities to make 43.8k in 8 days
Inscription – Glyphs
My inscription business usually caps out at around 2,000-3,000g a day since I only spend an hour milling, crafting and posting glyphs in which time you can only make around 200 glyphs.
The market I’m involved in right now has glyphs no higher than 11g each and I refuse to make any glyphs below 5g 80s for 1 ink glyphs, and 7g 85s for 2 ink glyphs. Darkmoon Card Greatness has dropped from 5,500g to around 3,500g which means the “value” of my snowfall inks are now 8g meaning that it no longer fully covers the cost of making my glyphs.
Given this new raised threshold on what I’d make glyphs at (and having my minimum profit per glyph set at 3g 85s) I only make around 200 glyphs a day now which equals roughly 1,400g/day made in glyph sales, or 11,200g profit gained.
Inscription – Vellums and Runescrolls
Runescrolls have been moving very well on my server. It costs 2g 10s to make each runescroll and I’ve sold 205 of them at an average price of 7g each = 1,000g profit from Runescrolls of Fortitude.
Weapon Vellum III – sold 165 at 7g 80s each avg (cost 2g each to make) = 957g profit
Weapon Vellum I – sold 15 at 8g 50s each (cost 1g 50s each to make) = 105g profit
Armor Vellum III – sold 135 at 4g 50s each (cost 1g each to make) = 472g profit
Armor Vellum II – sold 45 at 3g 50s each (cost 50s each to make) = 135g profit
Faces of Doom – sold 1 at 258g (cost 79g to make) = 179g profit
Iron-Bound Tome – sold 2 at 155g (cost 79g to make) = 152g profit
Darkmoon Cards
Recouped a total of 11,850g from darkmoon cards. The total worth was included in my Feb 22 amount so this shouldn’t have been a gain in my numbers but it did contribute into more “liquid” gold.
The Darkmoon faire is back in town this week and I’m going to be making about 173 cards to make into completed decks. I have about 850 snowfall inks to get rid of and I’ve already bought the eternal lifes needed for an average of 25g each. I am getting more cautious with darkmoon cards as the price of greatness cards have dropped from 5.5k each to 4k. (I always use my risk vs reward calculations for darkmoon cards to figure out if it’s profitable to do)
Buying and Selling for Patch 3.3.3
A lot of my gold increase has come from buying up materials at low prices to be flipped later on for regular price, this is the main lesson taught in WoW School’s guide. Buy low, sell normal.
Eternal Fire
I bought up 368 eternal fires in the last 8 days at an average of 15g each. The price has plummeted recently from news that you’ll be able to turn in Frozen Orbs for Eternal fires and other items. I think people are panicing and getting rid of them but I believe Eternal Fires will go back up in price once the initial dump of frozen orbs happens on patch day.
This is a main reason my “worth” amount has gone up so high as auctioneer believes the true value of Eternal fires should be 27g each and I have 368 in my inventory which should equal 9,936g however I only paid 5,520g for them so that is a net increase of 4,416g in big pictures calculation.
Frozen Orbs
I was able to buy up 188 Frozen Orbs right when the PTR patch notes were released at an average of 10g each. That equals 1,880g and now the price has gone up to 17g each (according to Auctioneer) which is a net increase of 1,316g. However I think the value I’m going to get out of these once 3.3.3 hits will more likely be about 28g each which will be a profit of 3,384g.
Titanium Bars
Getting ready for the cooldown to be removed from titansteel bars will mean a spike in demand for titanium bars. I’ve bought up 191 at 13g each and auctioneer values these at 20g per which is a net increase of 1,337g.
So that accounts for about 11,200g profit from glyphs and 20,919g gained from the other activities in the last 8 days. I was also doing a lot of mining/herbing (for my DK 10K experiement, about 6 hours worth of gathering) which equals around 3,000g net increase.
The rest of the unaccounted for increase (around 8,700g) was from more buying/selling I was doing on the auction house, I have really put auctioneers Snatch feature into use and I’ll be doing a tutorial and video on how I make tons of gold a day buying up high demand items at 50% of the price or lower using WoW Schools guide.
We’ll see how well the investments do once patch 3.3.3 hits. Stay tuned for more gold updates and daily gold making articles.
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Just wanted to make sure this was accurate; On your server scrolls of fortitude go for 7g EACH? Meaning 1 stack (of 20) goes for 140g and a 5 stack for 35g?
Seems awfully high. Only my server they go for 2.5g each and 50g for a stack. Unfortunately with this price, it’s not worth the 20g snowfall ink to make them.
Yup, it will vary from server to server.. I found on some days I was the only person with runescrolls up. The server I used to be on was much higher population and I sold runescrolls there for around the same price, but there’ve been weeks where I didn’t craft any because the price went too low.
Good to hear its all going good for you on the new server. I have made the decision that I’m getting kinda tired of raiding and would like to start exploring the economy of wow. Thanks for all the videos and updates, they are very helpful. Would u mind telling me what server you transfered to? I’m assuming you want to keep it private so you don’t get spammed by fans or anything, but it would be helpful to know which servers have a more reliable economy. After following your updates it seems you have made a very wise choice in choosing yours. If you do decide to let me know, I think you have my email now as it is required to post a comment. Thanks again, I really appreciate it.
– Mark
I’d prefer to keep it private.. I may forget to block it in one of my screen shots or videos but I don’t openly advertise my server because any competitors could just read my blog and know my ever move, what items I’m willing to craft and what my cut off point is for prices.
I really just picked this server at random, I looked at what servers were closest to me (Boston Data Centers) and compared some prices before the move.
I think every server that is medium population or higher will have gold making opportunities and open markets to exploit.. you just need to look harder
If you are thinking of a server transfer to one with a “Better” economy, just make a lvl 1 and go to an auction house, search for items within the profession/niche you want to get into (for example, search glyph prices and if they are mostly above 10g each and herb prices are 20g/stack or lower that is a good market, also eternal lifes between 20-25g and Snowfall inks selling at 15g+)
Wow, nice to see such a huge jump. Mine has actually been on the decline lately since I’ve been trying to load up on epic JC designs. Prospecting lots of Titanium ore and not really being able to move the gems, since I can’t craft all of the different types yet.
Even when I do get them crafted, I’ve been having a hard time moving the inventory. How do you chose which JC designs to pick up first?
.-= Sarama´s last blog ..Ferociously Flipping Flurry Axes =-.
haven’t researched that yet, I’ll be starting to power level JC and Enchanting tonight.. have all the mats minus some thorium bars and 40 green gems to go from 1 – 450 and an extra 1200 gold on the DK to spend so I should be good. Can use all the jewelery I make and DE it to level up enchanting as well.
I will report back the designs I end up getting and how I came about choosing them.
Thanks, that would be great. I made a google spreadsheet of all the gems and their prices on my server, I figured I would base my design choices mainly off of that list. That just doesn’t seem like the best way, though. Prices of gems are constantly changes, and just because it’s priced high, doesn’t mean it will sell, at all.
In fact, I think the high price (when you compare it to other cut gems of that same color) may indicate low demand for the gem.
.-= Sarama´s last blog ..Ferociously Flipping Flurry Axes =-.
what I am thinking of doing is putting into a list all of the most popular gems, you can find them on http://www.wowpopular.com then I’ll write down the average market price for the cut and the average market price of the uncut epic. but WoWPopular would be a good starting point to see which gems actually move.
I’ll be taking a look at the rare gem market as well.
there is no gold cap. i’m sittin at 70k gold right now and own everything i want in game, mount/items. not gonna waste anymore time with gold. should have enough to buy everything next xpac already. 200k is a waste of time.