Thankyou Guru, This site made me 2 million gold!

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KurtTheBehemoth
Banned
#1
I just have to say. Thanks. About 2 months ago I was reading a threat discussing what rare materials would probably increase in price when Factions came out. The majority of posts mentioned Gems. One caught my eye though. Someone said to invest in a little steel. It was sure to be used in new armors and would definitely not drop. So that's what i did. Over the next to month between farming and buying for 100g a piece I managed to collect more than 5000 steel ingots.

Guess what, because of Factions, the merchants have been regularly sold out of steel for the first 3 days. I know its wrong but I've been charging
400g an ingot because ppl pay. I just broke my 2 million mark tonight at work.

This website is all about sharing ideas and helping one another. kudos to you!
F
Francis Crawford
Forge Runner
#2
Congrats.

I held onto a few stacks of crafting items, but I didn't have the guts (or the funds) to buy aggressively.

I may come out 10K or so ahead by letting a few stacks pile up. No biggie.
Kamer
Kamer
Academy Page
#3
Quote:
Originally Posted by KurtTheBehemoth
This website is all about sharing ideas and helping one another. kudos to you!
Then how about sending me some money .
Cyan The Archer
Cyan The Archer
Jungle Guide
#4
50/50 please? Come on! I was the guy who said Steel Ingots would be worth alot(Actually no, but...) Then it's just fair!

Nah.. Grats on that.
Opeth11
Opeth11
Desert Nomad
#5
I like how people sell Steel for 400, when the buyers could just switch districts and have a merchant with steel for 260.

Well, at least that's what happened with me each time I needed materials.
o
ophidian409
Krytan Explorer
#6
Those who buy steel off trader are silly, you can easily make them by yourself.
-Loki-
-Loki-
Forge Runner
#7
Quote:
Originally Posted by Opeth11
I like how people sell Steel for 400, when the buyers could just switch districts and have a merchant with steel for 260.

Well, at least that's what happened with me each time I needed materials.
Prices are global, switching districts does nothing to the price of material.
Mournblade
Mournblade
Furnace Stoker
#8
You sold them for 400g each? Dang. I had people haggling with me at 200g.
Da Cebuano
Da Cebuano
Desert Nomad
#9
Man, You must've been WTS alot then. I sold 6 ingots for 1k ^^ just cause this guy kept buying stuff off me, and I know they're just starting out mostly, even though most have tyrian storage. Anyway, GG on that though. 2mill congrats, although its kinda false to say 2mill as you can't have more than 1(something I loathe about storage), so may I ask what you invested that other mill on?
Markaedw
Markaedw
Desert Nomad
#10
Quote:
Originally Posted by ophidian409
Those who buy steel off trader are silly, you can easily make them by yourself.
You're not paying attention to the crafting prices, last timeI checked to craft steel was 200g, to craft chracoal, needed for steel 200g. The only materials that are reasonably priced are leather and parchmanet,
Sagius Truthbarron
Sagius Truthbarron
Desert Nomad
#11
You should have horded Monstrous Eyes instead 1.4k a pop now?
R
Ranger Rog
Lion's Arch Merchant
#12
I've just had to log off and chill for a while after trying to sell my steel hoard. Every other trade was an attempted scam, I got sick of seeing the trade window click off 3 times in a row and a lower ammount of gold appear or people ask me to go outside and drop it for them. I'm about as scam proof as someone can get, but I bet these scumbags are cleaning up with all the new players about.
Ilya Khan
Ilya Khan
Krytan Explorer
#13
I did the same but with cloth.
The trader price just hit 35/peice and since I hoarded my cloth, I am now sellin at 27/peice and making a killing
c
cldhearted00
Ascalonian Squire
#14
the cloth pissed me off
i had a lot of it but they were close to useless in prophecy and i just merchnated all of them and now they are worth a lot
HawkofStorms
HawkofStorms
Hall Hero
#15
I stocked up on a mix of hides, cloth (linen and leather too since I'm bound to get some of them too with a salvage) and wood. The hides and cloth are the only things really profitable, but since Factions came out, I've also gone around farming plant fibers.
I would also like to thank this site for the insider info that has helped me gain ~30k in the past few days.
D
Dallus
Academy Page
#16
umm u can only have 1million in your bank and only 100k per char so thats only a max of 1.6million that you can really hold
shmek
shmek
Lion's Arch Merchant
#17
Quote:
Originally Posted by Kamer
Then how about sending me some money .
Future generation seeking welfare ↑ ↑ ↑
{IceFire}
{IceFire}
Forge Runner
#18
/sigh i just sold all my steel.
Fargin Scotchsman
Fargin Scotchsman
Frost Gate Guardian
#19
lol, where did u invest the money u cudnt hold? i mean, if u need suone to "hold" it fo u, i'll be glad to assist
k
kagy600
Academy Page
#20
/sign Sold off my 3000 steel the other day....but "only" for 200g each