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Thursday, September 27, 2012
Copper ore is the most sought after and sold item on the Trading Post. To quote the game interface, copper ore is the top "supplied", "demanded", and "traded" item according to the Trading Post itself. Knowing this, you probably aren't thinking that it's possible to make any money with it. After all, if everyone knows to buy and sell it, then competition will dictate a break even or worse, a loss, for sellers. Right? Wrong.
This method works even though you are making as little as 1 copper after fees. To earn that much, you must sell copper ore at 19 copper after buying with a buy order for 15 copper. 19 * .85 = 16.15 which is rounded down to 16 by the Trading Post.
You're probably thinking to yourself... pshhh... 1 copper per sale? That's a horrible waste of time! Well, you'd be shocked to see just how much money you can make due to the sheer volume of sales from copper ore. Remember, it is the top supplied, demanded, and traded item in Guild Wars 2! All I had to do was create a single buy order of 100 copper ore at 15 copper each, and then when I noticed that it was all purchased, create a listing for 19 copper each. Since I make 1 copper per sold copper ore, that was a 1 silver profit for a few seconds of work. Once I grew more confident with the strategy, I started creating 500 copper ore and then eventually 1000 copper ore buy orders. This is all free money for very little effort, which is great because it allows you to play other markets without doing much in the way of calculations.
Go ahead and try it for yourself. Start your play session with a large buy order of copper ore. Later on when you're bored, check back to see if your order is complete and post what you've purchased for an amount that will still earn you a profit. Do the multiplication yourself just to make sure and remember to round down to the nearest copper.
As with all strategies on this site, use this one as training wheels for bigger and better things. Speaking of which, make sure that you subscribe to this blog, as I do email strategies that are exclusively kept just for subscribers.