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One of Many Things You Need to Stockpile

I've been getting a lot of emails lately from readers who want to know the best items to stockpile for the april 15th patch. A lot of great ideas were shared in this post, so be sure to check that out.

One thing I'm not seeing people talk about is just stockpiling good, old fashioned gold. Without some money in your pocket, you will be unable to take advantage of any unforeseen opportunities surrounding this patch. One such opportunity I will be watching for is unidentified dyes. I know that a slew of them will hit the market place the first few hours after the patch is released, and that's exactly when I'm going to buy them (instead of now when speculators have driven the price up).

In a lot of the emails I'm getting, people are making statements like: "I still have XXX gold left, how do I invest it?"

The question should not be how do I invest all of it, but rather, a portion of it. This is a minor detail with major implications. I know a lot of players who buy until they have a few gold remaining and then are stuck hoping for items to sell in order to buy anything. That is a horrible position to be in, and it should be avoided whether you're speculating or just flipping on a day to day basis.

I try to keep a good 50-100 gold handy at all times, even if I have thousands available to me from items banked. This is a personal preference but for a beginning player I would recommend 50% of your wealth remain in gold coins.

2 comments:

  1. Big said...:

    Hi Markco, been a reader for a while and used some of your basic concepts to get gold, managed to speculate/flip/liquidate every type of currency in the game that I have to get me to the 350g point, I could finish off my Gifts of Magic and Might with this but wonder whether you think it'd be worth me doing it at this point.

    I've noticed a trend that every patch seems to send the price higher and I guess this makes sense because of the recent 500 crafting updates... but jewelry doesn't use t1-6 materials so right now I don't think t6 will increase, also with legendaries in the wardrobe i anticipate decreased legendary manufacturing (already priced into market, but will take some time to dent prices via decreased demand with constant supply (people still farming as always with mat drops unchanged))... basically I have 3 options:

    1. Buy all T6 that I can to finish the Gifts.
    2. Buy as much as I can while leaving 50-100g to continue investing.
    3. Don't buy any, wait and see if they get cheaper, nothing to lose as long as they don't get more expensive.

    What do you think?

  1. Big said...:

    Hi Markco, been a reader for a while and used some of your basic concepts to get gold, managed to speculate/flip/liquidate every type of currency in the game that I have to get me to the 350g point, I could finish off my Gifts of Magic and Might with this but wonder whether you think it'd be worth me doing it at this point.

    I've noticed a trend that every patch seems to send the price higher and I guess this makes sense because of the recent 500 crafting updates... but jewelry doesn't use t1-6 materials so right now I don't think t6 will increase, also with legendaries in the wardrobe i anticipate decreased legendary manufacturing (already priced into market, but will take some time to dent prices via decreased demand with constant supply (people still farming as always with mat drops unchanged))... basically I have 3 options:

    1. Buy all T6 that I can to finish the Gifts.
    2. Buy as much as I can while leaving 50-100g to continue investing.
    3. Don't buy any, wait and see if they get cheaper, nothing to lose as long as they don't get more expensive.

    What do you think?

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