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Hello again, it's time for another Economic Report for you gold makers out there in Guild Wars 2. Instead of showcasing the four top ten lists in the trading post as I have done the past two weeks, this time I'm going to focus on two ways for you to speculate and make more gold in the process.
1. Invest in Mystic Coins
As more players hit level 80 they will be faced with two things they definitely need more of: Gold and Mystic Coins. All players will need mystic coins, and for most players that will mean that they need gold to afford these highly sought after mystic coins. If too many players end up with the coins, then Arena Net will make changes to the game to keep supply from getting to high. They are such an integral part of the Guild Wars 2 economy, and essentially compromise the primary reward for daily and monthly achievements. Expect Mystic coins to only increase in value over time.
2. Invest in Gems
With players getting to level 80 and wanting to instantly gear their characters, you can expect them to want both mystic coins and gold. For this reason, I would highly recommend investing in gems. If you've been watching then you probably have seen the slow but steady rise of gem costs. This is due to a proportionate number of players hitting level 80. While leveling you have little need to buy gems, other than for some bank space and maybe some black lion keys. But besides vanity items, nobody usually spends money on gems early on. However, all this changes at level 80 as players want another bag slot, the rest of their bank slots, tons of vanity items, and of course, highly visible gear upgrades.
How to Invest
Use dollar cost averaging, which means you buy 25 gems today, 25 tomorrow, 25 the next day, and so on and so forth. You will hit ups and downs each day, but over time you should average out to a steady increase because of the market slowly increasing each week. Feel free to invest as much gold as you are willing to lose. That's the key to successful investing; take risks knowing that you can still eat even if the investment tanks.
Listen to the Searing Podcast
I've recently been on The Searing Podcast: We Love Gollllldddd and had a blast with everyone involved. These guys ALL know their Guild Wars 2 like nobody else. There is talk of me coming on more frequently and I'll be sure to share great gold tips every time I can. Subscribe to their feed and you'll know every time I am present on the show.