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Doubling Down on Ores

A lot of people jumped off the speculation bandwagon for ore once silver jumped to astronomical heights. Now its price has dropped back down to where it used to be, along with numerous other ores (except orichalcum, which is slowly rising over time). For just a few gold, you could create a little stockpile like the one below comprised of Silver, Platinum, Mithril, and Copper.


I predict that Mithril will rise back up to the 60 copper mark. copper will go up to 70, silver will once again sky rocket with the next round of speculators, and iron ore should eventually get back to the 1 silver 50 copper threshold. Those are the numbers I'll wait for the ores to reach before selling my stockpiles.

The above screenshot cost something like 14 gold with buy outs and around 10 gold with buy orders.
 If you have the money to spare, definitely invest in ores right now. I'm doubling down for the second wave of speculators... will you? All it's going to take is news regarding the jewelcrafting patch and BAM instant profits. Why wait for the day of? Hell, this post alone should cause a flurry of speculation activity!

4 comments:

  1. Thanatos said...:

    A nice thing when you are an influencial blogger writing this kind of prédictions is that you are very unlikely to be proven wrong. Even if the price of ores wasn't meant to skyrocket soon (I have no way of knowing for sure, and neither do you), the simple fact you made this prediction will make enough people want to speculate on ores that their price will double.

  1. Markco said...:

    Depends on the item. If it's a cheap item with small supply then you are absolutely correct.

    While these items are inexpensive, there are quite a few of them on the trading post that would need to be purchased in order to double the price.

    Sometimes my posts go viral (like the silk scraps one did) and THAT can cause an item to double!

  1. Anonymous said...:

    This reminds me of this blog post: http://www.guildwars2tradingpost.com/2014/01/buy-silver-and-these-3-items-immediately.html#.UvhwQPldXh4
    Which didn't come true on the 28th Jan, but I am sure some people benefited from it.

  1. Markco said...:

    Yes it did... Silver rose to like 2 silver within a few weeks.

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