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Black Lion Underground - 20 September 2012

September 20, 2012 - 12:19pm -- Xerin
Black Lion Underground

If you saw my last post, I am on a crusade to earn a fortunate in Guild Wars 2 through the Black Lion Trading Company.  In these diary entries and armed with 1 gold, I’m going to see just how far I can get wheeling and dealing and in our newly named column, will be showing you just how to do the same (hopefully). Please note that all prices are based on the time of writing and are subject to change based on market fluctuations.

It’s difficult to know where to begin when tackling the Trading Post.  The supply from players is currently enormous and with certain products the market is simply saturated (here’s looking at you copper ore) so my first thought, to earn a little financial boost, was to take a trip to Blazeridge Steppes. Gold and Iron is in high demand at the moment (from people leveling their tradeskills through the 200+ barrier) and I know, having taken a trip round the zone in the past, that it is absolutely littered with deposits just waiting to be harvested. 

With scepter in hand (thank you Swiftness!) and my interactive map, a single run around the zone took me about 35 minutes when using some Waypoints.  After harvesting, I had a total of:

  • 96 Gold Ore
  • 192 Iron Ore

At the time of writing, Gold Ore is selling for around 33c per piece (on Buy Offers) with Iron Ore around 8c. Selling all of it to Buy Offers (I’m really not one to wait around for a marginally higher sale) and after listing deductions, I received a total of 40s 64c. Not bad for a few minutes work.

While on my travels, I came across a Large Skull.  As a rare item and one I’d never come across, I noticed it was selling relatively cheaply on the Trading Post at 3s 04c.  Taking a chance, I decided to buy 25 for a total of 76s having found on guildhead that they are integral to some rather fancy weapons.  

Checking the Trading Post around thirty minutes later, the price had jumped from 3s 04c to 3s and 89c! Deciding to make the most of this spike for fear it wouldn’t last, I listed my 25 just below the current market value at 3s 80c (a number I felt would entice a sale) and sure enough, they all sold instantly securing a total sale of 95 silver, a reasonable profit of 4s 75c for only a few seconds work.

What surprised me even more was that after returning to Blazeridge Steppes for another sweep of the zone (and to return to a Rich Gold Vein) the price of Large Skulls had absolutely plummeted to a measly 2s 04c.  I’m still trying to determine why or how, but the quantity now listed is staggering.

Lastly, having also gathered various crafting materials on my way around Blazeridge Steppes (such as various vials of blood, wood and dust) I managed to sell all of them on the trading post for a total of 22 silver, after fees.

Guild Wars 2 Trading Post

Tip Of The Day

I’ve a sneaky feeling Giant Eye’s might be worth an investment in the coming days.  With only one or two known recipes and with the price at rock bottom, it will only take 1 public discovery for the price to rocket.  In preparation of a possible spike I'd recommend you snap up a couple.

Guild Wars 2 Giant Eye

 

 

MokiCzech
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I will go with your hint and buy quite a few of them. How much do they cost at time of writing?

I'm a master baiter!

Lewis B
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1s 5c :) 

Ayelet
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I've started my trader with 1 gold too.  I'll be doing trading of my own volition, but I'm also planning to gamble 10% of her wealth at any given time on the items that you recommend and see how that goes.  This time around 10 giant eyes purchased for 1.02s each and tucked safely away for later sale.  6 gold Cabalist Hoods of the Eagle purchased for 3.04 Silver each, all offered by one seller.  Salvaged runes, sold runes for 6.75s each.  Plus a tiny bit of cotton and linen in the salvage.  Not too bad.

MokiCzech
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By the way, I think it would be much better if you did not gather anything, and/or just posted clean TP profit. But it's just me I guess.

I'm a master baiter!

Nyth_
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Oh man I'm totally getting the Elite/X-series vibe here. Starting with scratch (well 1g is hardly scratch but you can't trade without starting capital) and working your way up, until you stumble upon that little goldmine (Yes Solar Power Plant in Kingdoms End I'm talking to you !).

Great series. I've personally never been extremely good with the fast paced market of MMOs, and especially the GW2 because of both its size (all servers) and it's current dynamic state is rather daunting. Like you said, the 5 silver you make by a lucky guess could end up in a 20s loss just as easily.

And the AH fees are absolutely murdering with the current market; you're working up a sweat simply breaking even.

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