Safe storage of Cash
jgortner
Hi guys,
Just a few questions:
I need to convert my gold into commodity. Is there good choice for this with factions comming out? I don't know if ecto is going to go down or rubies go up or whatever. I'd like to think that ecto is just going to stay normal.
Questions:
Are there materials that are guaranteed to be used in factions? ecto?
What do you think, based on factual information, is good for me to buy?
I'm not looking to make money, just safely store mine.
Just a few questions:
I need to convert my gold into commodity. Is there good choice for this with factions comming out? I don't know if ecto is going to go down or rubies go up or whatever. I'd like to think that ecto is just going to stay normal.
Questions:
Are there materials that are guaranteed to be used in factions? ecto?
What do you think, based on factual information, is good for me to buy?
I'm not looking to make money, just safely store mine.
nomed
At the moment I'd suggest black dyes. The price has been constant for a long time.
Lady Erighan
Well, I don't think anyone can "confirm" which materials will be used in Factions. The only thing you can do is look at the FPE as a reference and "hope" the same materials will be used.
Steel, silk, tanned hides, vials or ink, monstrous fangs, etc, where all used during the preview. Jadeites and Amber were also used, but those are not "exactly" attainable in large quantities right now.
Just about everything is increasing in price except for weapons. Upgrades, runes, black and silver dyes are all increasing in price at a large rate. It's safe to say people are getting ready to mod and equip the new Factions items as quickly as they can.
Ecto, shards, rubies, sapphires, spirit wood, monstrous eyes, claws, and fangs are all staying at a steady pace. These are the items people are most unsure of. There shouldn't be any huge movement, but as soon as their usages are determined in Factions, they will either skyrocket in price or turn into worthless junk.
Steel, silk, tanned hides, vials or ink, monstrous fangs, etc, where all used during the preview. Jadeites and Amber were also used, but those are not "exactly" attainable in large quantities right now.
Just about everything is increasing in price except for weapons. Upgrades, runes, black and silver dyes are all increasing in price at a large rate. It's safe to say people are getting ready to mod and equip the new Factions items as quickly as they can.
Ecto, shards, rubies, sapphires, spirit wood, monstrous eyes, claws, and fangs are all staying at a steady pace. These are the items people are most unsure of. There shouldn't be any huge movement, but as soon as their usages are determined in Factions, they will either skyrocket in price or turn into worthless junk.
AxeMe
If you have less than 1.4 million in gold, I'd stick with gold. Things are just too uncertain until Factions is out.
If you have more than 1.4 million, I'd keep the first 1.4 million in gold (1 million in storage, 100,000 gold with each character) and then do what is always smart with the stock market -- diversify.
If, say, there is another million or so I'd split it equally between black dye ectos and shards. (Shards have done a decent job of staying around the 4k mark).
But the safe way is to keep as much in gold as you can. That's sort of the game equivalent of short term investment grade money market funds.
If you have more than 1.4 million, I'd keep the first 1.4 million in gold (1 million in storage, 100,000 gold with each character) and then do what is always smart with the stock market -- diversify.
If, say, there is another million or so I'd split it equally between black dye ectos and shards. (Shards have done a decent job of staying around the 4k mark).
But the safe way is to keep as much in gold as you can. That's sort of the game equivalent of short term investment grade money market funds.
Rayne Nightfyre
Quote:
Originally Posted by Lady Erighan
Just about everything is increasing in price except for weapons. Upgrades, runes, black and silver dyes are all increasing in price at a large rate. It's safe to say people are getting ready to mod and equip the new Factions items as quickly as they can.
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Dav85
the most reliable and safe mean keep more then 1.4mil golds are obsidian keys. i have nearly 500 of those payed 950-1000g each. i call sell to the merchant when i want for 750g each if i need money really soon. or i can sell them to chest run ppl for 1k each with ease...
black dyes are good too. but there's a potential risk of different drop rates in factions.
black dyes are good too. but there's a potential risk of different drop rates in factions.
Silent Kitty
Quote:
Originally Posted by nomed
At the moment I'd suggest black dyes. The price has been constant for a long time.
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I paid 750g today, for a silver.
Alleji
The problem with black dye is that you can't get your money out when you need it as fast as you could by selling ecto/shards, unless you wanna toss your dye to the trader.
With shards or ecto you can pop into ToA and spam WTS 50 ecto or whatever and you'll probably find a buyer pretty fast. To sell 50 vials of black dye, you'll likely need several hours because people will want 1-5 vials.
But I suppose that's a small inconvenience compared to potentially losing your money.
With shards or ecto you can pop into ToA and spam WTS 50 ecto or whatever and you'll probably find a buyer pretty fast. To sell 50 vials of black dye, you'll likely need several hours because people will want 1-5 vials.
But I suppose that's a small inconvenience compared to potentially losing your money.
Lady Erighan
Quote:
Originally Posted by Alleji
The problem with black dye is that you can't get your money out when you need it as fast as you could by selling ecto/shards, unless you wanna toss your dye to the trader.
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Dj Tano
Dude just find people who give you things like damn cheap and buy them. That way you put your money into stuff, but can still earn a lot more if you sell em. Plus in case the prices go down, you still dont loose money...
BloodBrooder
I remember when i first started playing silver was up to like 1- 1.5 k and i ended up getting a bunch of them and held on to them and the price dropped lol. So now, i don't bother with trying to do that stuff cause it usually turns out worse for me lol
Mournblade
What about superior absorbs and vigors? The prices are going up gradually right now, but overall they seem to maintain a rather high value and they will always be used.
Alleji
Quote:
Originally Posted by Mournblade
What about superior absorbs and vigors? The prices are going up gradually right now, but overall they seem to maintain a rather high value and they will always be used.
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Nevin
If you have 1.4 Mil, you can't get gold though.
SnipiousMax
I'd invest at least part in Weapon Mods. They'll be easy to sell (though not as easy as materials) cause everyone is going to be looking for new weapon skins. I think I'd avoid Ecto's and Shard's for the moment. Although it could be argued that the sudden drop in farmers (with opening of factions) could breed a price spike. I think it much more likely that people will be looking for new armors. And I think at least initially, it won't be hard at all to get rid of black dyes, with all the new armor sets. Rubies/Sapphires are a bigger gamble...but if they are used for something that people really want...then the payoff is much bigger.
Phaern Majes
Problem with weapons mods are they don't stack in your inventory. So space gets filled up fast. Really I think there will still be a fair number of people who'll want ectos and shards. I for one will, as I still need 2 pieces of the FoW armor. I don't see the prices of them skyrocketing, but I doubt they will fall through either.
eudas
hm... 20 squares in stash + 1000 pp.
each char with 2x bags(runed) + belt pouch = 20 backpack + 5 belt + 2* 10 bags = 45 spaces + 100pp.
so, max is 1000 + 4*100pp + 4*45 spaces = 1400pp + 180 spaces
i'm curious to know exactly how much wealth you need to store, really...
eudas
each char with 2x bags(runed) + belt pouch = 20 backpack + 5 belt + 2* 10 bags = 45 spaces + 100pp.
so, max is 1000 + 4*100pp + 4*45 spaces = 1400pp + 180 spaces
i'm curious to know exactly how much wealth you need to store, really...
eudas
Lexar
I can see a potential new job in guildwars: the banker. Someone who will keep big sums of money for someone else for a small fee. For example I have only once in almost a year's worth of playing needed to store my money in the storage, I'm sure the vast majority has never had more than 100k in gold, so there's a large potential of storage out there, but the problem is to trust each other.
ShadowMagus
What I currently collect for money storage is dark remains from Fissure of Woe - a few problems with this but one HUGE advantage over other methods of storing money
Takes up lots of inventory space
Difficult to obtain as most people just sell them to the merchant
Will ALWAYS hold their value at 15k per stack, immedeat cash as you simply sell it to the merchant
Takes up lots of inventory space
Difficult to obtain as most people just sell them to the merchant
Will ALWAYS hold their value at 15k per stack, immedeat cash as you simply sell it to the merchant
Count to Potato
Black Dyes are the most stable of the materials, other than that ectos and shards but not stable, if rubies and saphhires go up then take those
MMSDome
Quote:
Originally Posted by Lady Erighan
Well, I don't think anyone can "confirm" which materials will be used in Factions. The only thing you can do is look at the FPE as a reference and "hope" the same materials will be used.
Steel, silk, tanned hides, vials or ink, monstrous fangs, etc, where all used during the preview. Jadeites and Amber were also used, but those are not "exactly" attainable in large quantities right now. Just about everything is increasing in price except for weapons. Upgrades, runes, black and silver dyes are all increasing in price at a large rate. It's safe to say people are getting ready to mod and equip the new Factions items as quickly as they can. Ecto, shards, rubies, sapphires, spirit wood, monstrous eyes, claws, and fangs are all staying at a steady pace. These are the items people are most unsure of. There shouldn't be any huge movement, but as soon as their usages are determined in Factions, they will either skyrocket in price or turn into worthless junk. |
Lord Iowerth
Quote:
Originally Posted by MMSDome
where were fangs used? And Eyes arent staying at the same they jump around alot, i know this because they are my favorite material and i keep a close eye on them
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But a full 1 mil in cash, and 100k on each character is a bad idea, imho. When it comes time to merchant some junk, or sell an item to another player ... where are you going to put the cash? You're out of cash space on each toon.
You'd have to manually destroy all the drops you didn't want (or just not pick them up) in which case you're missing out on materials.
I agree with others in this thread about black dye, it seems to be the most stable (reasonably expensive) item on the market. And you know people are always looking for them
LifeInfusion
Quote:
Originally Posted by AxeMe
If, say, there is another million or so I'd split it equally between black dye ectos and shards. (Shards have done a decent job of staying around the 4k mark).
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Shards dropped from 6.5k to about 4.5k. So shards are a more stable investment than black dye. There is less fluctuation in price because people cannot obtain them as easily as ecto, which solo farmers get hundreds of a month. Shards cannot be solo farmed (well, not easily) because FoW is so diversified with mobs.
Quote:
Originally Posted by Dav85
the most reliable and safe mean keep more then 1.4mil golds are obsidian keys. i have nearly 500 of those payed 950-1000g each. i call sell to the merchant when i want for 750g each if i need money really soon. or i can sell them to chest run ppl for 1k each with ease...
black dyes are good too. but there's a potential risk of different drop rates in factions. |
zankoku
Quote:
Originally Posted by LifeInfusion
I'd say shards not black dye. Black dye has dropped from 20k to 9 to 6k in the past couple months.
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I'd say it's a fairly safe investment going into Factions. Think about it. Players are most looking forward to two things that'll cost money in the Factions economy. (1) New weapons (thus explaining the rise in perfect upgrades, i.e., a +30HP sword pommel is regularly going for 100k+10ectos in trade). (2) New armors (whether they be new Factions 1.5k, 15k, or new professions FoW/High End). And players will want to dye their new armors. Black is certainly popular by itself, and is certain to be used in dye mixes. Unless Anet decides to introduce white dye, I think black will remain the priciest and most desired dye.
Someone already noted that weapon upgrades don't stack. Dyes do stack, so go with black dye.
Quote:
Originally Posted by LifeInfusion
Shards dropped from 6.5k to about 4.5k. So shards are a more stable investment than black dye. There is less fluctuation in price because people cannot obtain them as easily as ecto, which solo farmers get hundreds of a month. Shards cannot be solo farmed (well, not easily) because FoW is so diversified with mobs.
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That said, one might wonder why ectos cost much more than shards, especially now since ALL FOW armor requires the same amount of ectos and shards. By that accounting, they should be the same price, right? Or ectos should cost less, right? (Because the UW is so farmable by 1 or 2 players--yielding 2-3 ectos drops per run, versus FOW that require teams or 5-8--yielding about 3-4 shards per run.)
The price of ecto is largely maintained by two factors: (1) to craft FOW armor, and (2) in 100k+ trades. So while some people buy and use ectos to craft, many other people hold on to ectos to trade and a large number of ectos never get circulated back "into" the game, keeping the prices high. But this trader's premium for ecto is based in part on the idea that ecto is useable to craft premium armor if you want to use it.
If Factions release armor more desirable than FOW armor, however, you can be sure ecto will drop some. Maybe not totally (because there will still be people who will want FOW armor and there's likely to be FOW armor for the new classes), but ecto's price may get hit on two counts (first, price of material for a less desireable armor will go down with demand, and, second, because of that some traders may shy away from trading with ecto, thus driving the price further down). And if it drops by several thousand, it may no longer make a nice +xk commodity to trade with (if it's value is, say, just 4k, why not trade with black dye or jadeite, or something else stackable and worth more?).
Sorry if this is a bit long and thick. That's just my views on black dye and ecto, and the game economy in general.
Ken Dei
Investment? Stick with the basics if you're a small fish...
-wood
-iron
-tanned hide
-cloth
-Steel
-Linen
-Silk
-Leather
-Parchment
Even if Factions armor don't pivot around these items, there will be a market of new players who buy both Factions and Prophecies so their would be new buyers for armor in both.
But a better idea is kick into farming mood and stockpile raw materials...
Currently I have:
-1515 iron
-1208 wood
-645 tanned hide
-475 Bone
-29 Leather
-21 Fur
-57 Ink
-84 Steel
-12 Deld. Steel
-327 Chitin Fragments (Formerly Shells)
-380 Scales
-72 Silk
-500 Cloth
-8 Linen
-28 Monsterous Fangs (The price of which has doubled in two weeks at the merchant much to my dismay)
-4 Monsterous Claws
While I am showing off a little bit, the point of the numbers was to give you an idea of at least some minimal stockpiling. I'm not a big time farmer, so I'm sure some people have 3x-5x as much as I do in their storages. Also don't put all your money into items, keep some as cash.
-wood
-iron
-tanned hide
-cloth
-Steel
-Linen
-Silk
-Leather
-Parchment
Even if Factions armor don't pivot around these items, there will be a market of new players who buy both Factions and Prophecies so their would be new buyers for armor in both.
But a better idea is kick into farming mood and stockpile raw materials...
Currently I have:
-1515 iron
-1208 wood
-645 tanned hide
-475 Bone
-29 Leather
-21 Fur
-57 Ink
-84 Steel
-12 Deld. Steel
-327 Chitin Fragments (Formerly Shells)
-380 Scales
-72 Silk
-500 Cloth
-8 Linen
-28 Monsterous Fangs (The price of which has doubled in two weeks at the merchant much to my dismay)
-4 Monsterous Claws
While I am showing off a little bit, the point of the numbers was to give you an idea of at least some minimal stockpiling. I'm not a big time farmer, so I'm sure some people have 3x-5x as much as I do in their storages. Also don't put all your money into items, keep some as cash.