Whether one person or 200 people read any given entry, I will continue to write and express my own experiences and thoughts surrounding our beloved and ever-changing and maturing World of Warcraft. I'm just content with putting into words what is going through my mind and my gaming life at this moment. Promotion can be reserved for traffic-hungry bloggers within the community. :)
Now that that little spiel is out of the way, let's wax WoW, shall we? Shine on, shine off.
My gold reserves have been halved. I spent almost 35,000 of 70,000 gold! Perhaps "spent" is the wrong term. I invested a large sum of money into various areas for a predicted return. ROI may be 90%; it may be 200%; but whatever the outcome, just the thrill of spending what is to me so much gold makes the whole endeavour worthwhile.
I stepped out of my comfort zone in a much bigger way than at the end of Wrath. Back then, I kicked off my gold-making dabbling with a stroke of luck. And since I play casually and have taken a couple of breaks from playing since Cataclysm hit, I haven't really put much effort into utilising much of what is at my fingertips in order to increase my bankroll.
With 4.2 on the horizon, I decided to change this. I must rein myself in to prevent obsession which also means following my own advice of not comparing my own experience and goblinning with others in the community. But I have taken some risks and have been preparing myself to try and turn my recent investments into profit.
Let's take a look, shall we?
JMTC has been a big help, once again. I had already determined to stockpile Truegold, after having realised that there are new craftables coming in 4.2 that require 8x Truegold each. I had just started buying up Volatiles and transmuting a bar a day, when I read the blog entry about stockpiling the stuff. That was when I decided to just buy as much as I could while also transmuting once a day. So far, I have bought around 45 bars off the AH at under 500g each (the cheapest was around 465g, but that is rare). 495 x 45 is around 22k gold spent. On Truegold purchases alone. The Volatiles also put quite a dent in my funds. But at least I am somewhat stocked up on those, too!
Expected ROI is 200% for these. No one can say for certain just how long after the patch hits until blacksmiths will be in desperate need of bulk Truegold; or whether there will be quite so much of an increase in value. One thing is certain, though: there will be profit.
Another JMTC blog entry put me onto this (thanks, Mageshadow! And thank you to the anonymous commenter who pointed it out in the first place!). It was actually something I missed. I had considered trying to stock up on Dreamcloth, because I know that just as Truegold is going to suddenly be in great demand for blacksmiths in 4.2, so too is Dreamcloth going to suddenly be in great demand for tailors! I decided not to invest in Dreamcloth, however, as I don't want to overextend myself. I could, potentially still stock up a little, but when you diversify too much it can become overwhelming.
Pristine Hides are not only going to be in high demand, but they are also going to possibly be in greater demand than even Truegold. 'What?' you might ask. 'What is the biggest difference between the new blacksmithing craftables and the new leatherworking ones?' The answer, my friend, is item level!
Take a look:
- Blacksmithing epics that require 8x Truegold are iLevel 365. The iLevel 378 ones each require 8x Living Ember.
- Leatherworking epics that require 8x Pristine Hide are iLevel 378. They also each require 8x Living Ember.
Pristine Hides are currently sitting at around 225g on my server. I bought up as much Savage Leather and Heavy Savage Leather as I could where it worked out to under 200g to hand in for a Pristine Hide (each costs 10x Heavy Savage Leather, which is 50x Savage Leather). Maybe half of what I bought was closer to 150g. I also expect a 200% ROI on these.
Now for some reasoning of my own. Researching other potentially profitable transmutes, I noticed that Primal Mights were selling on Proudmoore for anywhere between 275-420g. Why should this matter? Aren't they an obsolete item? Not quite. There are two uses for Primal Mights: Runed Adamantite Rod and Master of Transmutation.
The former is a potential niche market; but I reasoned that the latter is where you could make more sales. With the rise in demand of Truegold coming in 4.2, I predict that more alchemists will want to spec Transmutation Master. And in order to do so, they will need 4x Primal Might. I can't say when the demand for these will increase, but I am trying to keep an eye on prices and put them up individually for now to try and get a few bites. So far, I have sold 6 of the 7 I put up, ranging from 315 to 420g (300 to 400g after the AH cut).
The Primals needed to make these range in price overall, but it has worked out a fair bit cheaper to buy them as Motes when they are cheap. You can actually save quite a bit overall if you buy Motes whenever they are available. And since Transmute: Primal Might is not on the cooldown, you can craft to your heart's content. It's just a matter of choosing when to put them up, and how many to put up at once in order to maximise profit. I am still learning this, but I intend to experiment a bit with stacks of four to see how that works out.
Now, Primal Mights are not huge profit; but they are consistent and an interesting use of transmutation off the cooldown. Competition shouldn't be too fierce, either (if it is, don't bother, or just cool off for a bit and keep an eye on movement).
This is really something I could have taken advantage of over these past few months. Especially as Obsidium and Elementium ore prices dropped (though they do still fluctuate a fair bit). But coming back to look at the Cataclysm shuffle, I see that Shadowspirit Diamonds still have the potential to yield decent profit. It's mostly a matter of finding ore at good prices (hint: near the end of weekends), finding the time to prospect and transmute, and choosing whether to sell raw or cut without fear of overwhelming competition that results in continually wasted deposit fees on your part (and the inevitable influx of returned gems every jeweller's nightmare).
The gem market can be nasty. But if you play your cards right, you can at least come out on top, regardless of how many people continuously undercut your attempts at providing the masses with their meta gems.
I uploaded my Professions Shuffler spreadsheet. There is a link under the Tools box to the right. The spreadsheet tries to combine Alchemy, Enchanting and Jewelcrafting to help work out what makes profit and what doesn't. I simply don't have time to get involved in a big way in multiple markets but I can still enjoy spending gold to try and make gold, and work out where potential profit can be made. And I can still play around with shuffle spreadsheets of my own concoction. ;)
I will upload an updated version every so often. Does that mean I have to start adding version numbers? :D
In other news, I picked up Archaeology with my rogue, Selaena. It would be nice to eventually have a shot at getting Recipe: Vial of the Sands from an excavated Canopic Jar. The probability is insane, though. :/
I also ran my first level 85 instance with her, Lost City of the Tol'vir. The lag was atrocious and I am really out of practice with a melee toon. But it was fun, and I got a new dagger: Barim's Main Gauche, and some shoulders from a quest in there: Clandestine Spaulders.
I rolled a Human hunter on the same realm as my little Worgen priest who incidentally is now level 28 and slowly making his way through Ashenvale. My plan is not to level as fast as possible, but to enjoy the content and the casual pace that comes with experiencing the quest chains and lore. I want to finish the zones, regardless of experience gain and level pacing. It is my own escape within an escape.
Gaiwyn isn't really much closer to being able to step into the Zandalari heroics. But no mind. When 4.2 hits, I intend to forgo a lot of what I was aiming towards and simply enjoy the new questing hub and whatever rewards I can garner through that not to mention, of course, the whole experience of the Molten Front and its dailies and progressive nature.
So I still play, and I am still trying to balance enjoyment between various toons. I honestly can't see most of my level 80s making the journey to 85; but with three now, who knows if I will get an urge to level, say, my warrior or my hunter. :)
And with that, I leave to post another day.
Gaiwyn of Proudmoore