Comments on: Investing And Farming For Gold

By: Best Gold-Making Professions On Bank Alts | Dominate Your Server

Best Gold-Making Professions On Bank Alts | Dominate Your Server — Sat, 16 Jan 2010 02:15:44 +0000

[...] Alright kids, let’s review. We don’t farm here at DYS – well almost never. From time to time the perfect conflagration of once per year occurrences happens that makes us do it, as we have mentioned in this post: Investing And Farming For Gold. [...]

By: Lee

Lee — Mon, 20 Jul 2009 19:25:56 +0000

All I know is this. Whne it comes to the AH I listen to Lawbringer. It may not always make sense but it always works out that Imake a profit even it is not the profit I hoped for. I have not purchased the AH guide as of yet. Fromt eh few small pieces of information they have supplied here I have a dedicated banker toon that was setting there doing nothing at level 30 because i did not like a warrior after I started one. His gold has gone from nearly 0 per day to 85 per day in just a few weeks. If I was to buy yhte guide who knows where it would be per day.

Thanks for the tips Lawbringer, Gavin, and the rest of the staff.

Derisaan 80 Dranie Hunter
Kirin Tor Realm
Chosen Few Guild

By: carrion

carrion — Sat, 18 Jul 2009 18:54:18 +0000

So, assuming someone does end up farming for stuff; what’s to stop them from just posting the stuff at a really high price themselves, instead of selling the stuff to you at “double market price”?

Honestly, if you can sell medium leather for 80g a stack, then that IS the market price. Offering to buy it from people who go out and farm for 20g a stack would only work if you (and they) believed that you can sell identical goods for higher prices than they can. Which is insane, unless they don’t know the AH exists.

By: Cooter

Cooter — Sat, 18 Jul 2009 16:24:12 +0000

Absolutely NO bear flanks on AH last night. Or juicy bear anus or whatever the recipe is. I had to farm. For over an hour. I almost cried and spammed guild chat about how much I hated it, but I got what I needed. So, Lawbringer, you are correct. Between 150-300 you can murder folks with pricing those low level mats on the AH for a tidy profit. Have fun out there folks. Farming sucks unless you like it. I sure don’t.

By: Jasq

Jasq — Sat, 18 Jul 2009 07:26:02 +0000

If those 2 stacks that undercut your price are still sitting there, then the demand is not high enough for what your selling.

By: El

El — Sat, 18 Jul 2009 05:43:54 +0000

The thing is with those starters mats, like peacebloom, light/medium leathers, and ores, when you try to “Dominate” this market, it is easily to be undercutted by someone else. Like someone would see like “wow, peacebloom for 15g a stack, Lemme farm for 2 or 3 stacks and undercut it by 14g 99s.

I keep seeing ppl undercutting me with 1-2 stacks with a difference of +/- 1g.

And than this question pops up in my head :”I will gain nothing for buying those 2 stacks, perhaps even lose money, so that means I have to wait for a lazy git who buys the first 2 stacks before I gonna make profit from my next stacks – but before this will happen, maybe another guy will be about to undercut me again”

So my question is… should I keep paying out those who undercuts me?
Or should I simply wait till the other 2 stacks or sold?

But the tricky bit of those starters goods is… they can be easily obtained by level 5′ish/10′ish, and them buggers cuts me for 1 gold.

i really could use some suggestions here,
thank you in advantage>Ell

By: Lawbringer

Lawbringer — Sat, 18 Jul 2009 05:07:54 +0000

Tru dat – sigh Google. The REAL figure should have been 794 years. Almost 800 years of history. And, um, cash and money are really the same thing in effect. Liquid assets. Regardless of how those things are defined in terms of monetary terminology. In 1215 – when the Magna Carta was signed, it most certainly was based on money as defined by a metalic standard such as gold.

With most monetary systems being based on something other than a gold standard these days (a fiat [or representative or commodity] system such as in the US since Aug 15th, 1971 after the Bretton-Woods agreements expired; which had set international currency to the standard of the Dollar [big shocker there]) there is great debate on the use of fiat money in general.

Fiat currency systems allow Government (or any controlling entity) to control the value of the currency in the market by manipulating supply. (In essence every dollar [or any other currency for that matter] printed ends up putting more than 10 dollars into circulation through a complicated process in fractional reserve banking).

Our point with the Magna Carta was only meant to say that it was the first time in world history where the subjects (although nobles by birth = barons) initiated legal action against a monarchy (King John of England, theretofore untouchable) to protect certain rights as they pertained to certain activities. Basically they sued Jimmy to keep his hands out of their pockets ad infinitum.

It didn’t really stick, of course. If you REALLY follow history the only thing the MC really did was prove that the King (or any other ruling entity) was only in such a position because OF the law, not ABOVE the law. The “Declaration of Independence” calls on such by saying :

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”

So I guess you are quibbling with me about the terms cash and money. I suppose I should have been more clear about whether I meant liquid or fixed assets, but it still hardly negates the issue of the Magna Carta being a turning point in the “He who has the gold makes the rules” issue.

All GREAT fortunes in world history have either been MADE or HELD in the form of Real Estate. Which, of course, is not liquid. So I should, perhaps, have said ‘wealth’ in general instead of cash or money (especially since ‘money’ is such a relatively difficult term to define). So while I appologize for the indescrepancy in relation to the definitions of the wording of the thesis, it hardly negates the point of the intention of the argument. Next time I will be sure to be more precise with my verbiage.

By: Matthew

Matthew — Fri, 17 Jul 2009 20:09:21 +0000

While your at it, you could also post about my other source of income, level 10-60 green armor and weapons

after 60 its better to just DE items.

if you think, and if you read this article, you’ll realize why.

By: drmygigahertz

drmygigahertz — Fri, 17 Jul 2009 20:08:06 +0000

You can determine supply by searching for mats like cloth, or leather, or dusts, or herbs, and if you don’t see many posted my guess would be supply is down so demand should be up. Like in the example above there was only a few stacks of medium leather… or i could be way off.

By: Matthew

Matthew — Fri, 17 Jul 2009 20:02:21 +0000

Simple: Post 3 auctions.
1 undercuting, 1 in the middle, 1 higher than all the other auctions for 48 hours.
If only the first sells, the demand is low
if the second sells, demand is good for profit
if the third sells, then chances are, demand is high.

IF all 3 sell within 12 hours, then post a 4th auction at double the price of the third, if that sells, then demand is there.

at least thats what ive done.