NOTE: This is actually the entry that I've written for Monday, but it is far too pressing to wait on. So you'll get the entry a bit early but have to wait a bit longer for more. Get cracking!
It was posted on mmo champ a few days ago that the uncommon gems from prospecting will sell for 75 silver instead of 9g when the patch comes. As we all know this was the saving grace of JC's everywhere being able to make all of the rare gems totally free along with easy money. This is also one tiny change that will have quite possibly the largest and most diverse market impact since gem sockets were added in tbc. Today I'll be going over in detail what to expect and how to prepare for it. Some of the things I'll talk about are server dependent and you'll have to know your market to know if they'll bypass you or how they will come about.
But regardless of your gem market, yours and every other related one will be drastically effected in the long term. Lastly of note is that when I mention a price shift going up or down, you can also interpret this as prices will stabilize. Some servers are very up and down on gems so this big shake up will help to even things out.
A few notes on my entry from yesterday are in order I'm sure. Yes I still believe that rare gems will be a great market when epics come out. The only catch is that you might not want to stokpile rares now with the changes coming to the gem market and the same goes for commons. Now why are the prices getting slashed so dramatically by blizz? I think it's a deterrence to botters in all honesty.
Think about it. They make tons of gold by selling cheap ore to players that want gold as well. The only way to remove that is by discouraging people to buy every bit that they can find. If they don't sell 500 stacks a day each then their motivation is going to drop to almost nothing. All of the other markets will even out over time after getting over the initial crash. But who is to say that they won't move to herbs or skins next? Well herbs only effects a few markets.
The most prominent one is alchemy and glyphs. Nobody should care about alchemy because it's as dead as it ever was outside of xmutes. Glyphs though could return to the wrath days if the price on all herbs was cut in half. And as for skinning, that effects only a single profession so the wide spread effect wouldn't be nearly as devastating.
And before I get headlong into it let me give you the short version of this whole entry: prospect and vendor commons as much as you possibly can until the patch comes and sell off a large amount of enchanting mats. And for those still wondering about epic gems, this is all based on current information of which we have exactly zero on them. So there is no way to know if you'll shoot yourself in the foot if epic gems xmute from commons.
The first effect you'll see is obviously going to be rare gem prices going way down. Since herbs are pretty cheap and the commons to xmute them being worthless the price of these will go down accordingly based on how many jc's on your server have an alchemist handy. However over time once the initial stokpiles of these get sold, cut, or vendored the prices will go up since your server won't have 500 stacks of ore being prospected every single day. Expect an initial crash in these prices then for supply to drop off significantly over time and prices to go up to a manageable level.
The next thing you'll see (loosely server dependent) is a small increase in herb prices. This is because at 75 silver per common gem, every color is going to be just about worthy of an xmute to craft. That means more herbs will be wanted giving those prices a small boost.
Black smithing will be effected too. With the plethora of ore no longer being prospected, you can expect a lot more of it will be smelted into bars which will have a noticeable effect on any crafted gear and buckles. Right after that is volatile earth going up in price. Not as much pyrite will be prospected causing a severe drop in supply of VE in the market which will effect anything associated with it. I plan to keep a few stacks of it around for a while waiting for prices to go up some. The most noticeable effect this is going to have on are the prices for buckles.
Obviously this will hit meta gems the hardest. Currently the material cost of a meta gem is 81g before xmute spec. That is based on nothing but 9g per common, 3x of each needed, and divided by 2. Once the prices drop down to throw away levels the bare minimum price of a meta gem will be 6 gold and 75 silver before mastery. So suffice to say if you think this market is bad now just you wait. This one is going to crash hard so try and sell off as many meta gems as you can that cost you over 100 to make.
What's next? Things in the enchanting area will return to where they were in wrath. The price of dust becomes about 2g each with GCE being around 4g. So you'll want to sell off any enchanting mats you have soon. The same goes for cata level scrolls, get rid of them! This is going to be very depressed, I love seeing all of the big numbers on enchanting every time I write a business report. The main thing that you'll have to change in your daily play from this is that just about every single green item you get do NOT disenchant it! The price of the mats can get so low that a 5g vendor item will be a loss as DE fodder.
After that ye old fire prism CD will suddenly be worth considering again. It will cost about 13g to craft and you can get a chimera's eye out of the deal. This is entirely up to you and what you see price wise on rare gems. The jury is still out on this one, but I'm going to guess that this still won't be worth crafting.
However there's a few things to consider that could be different possible outcomes from this one change. For one, the bots may stay around and keep ore prices down even more than they are currently. With very few people spending 40g per stack they'll have to lower their price even more which could be low enough that buying to prospect for rares could be viable. The other is that they'll totally vanish leaving the supply of commons to xmute and rares to cut almost totally gone. Because of that I'm holding onto my rares and still going to vendor all of my commons except for reds.
What are my recommendations? Empty out your toy boxes of everything. I would venture to guess that the supply of common gems will be the same as in wrath, more than enough to keep you stocked up with anything that you need. So long as you actually try to stokpile. I don't think that the bots and uber farmers are going away anytime soon so the supply will still be there and people will still prospect a ton. Even back in wrath when prospecting wasn't greatly profitable for a a lot of servers, it happened anyways. Get ready folks, everything is about to change.
Even if the vendor price doesn't go down as low as under a gold it's obvious that blizzard has intent to lower it. I highly doubt that it will be high enough to make prospect/vendor shuffles viable so even if the markets don't totally implode from this they still won't be in the state that they're in right now. So when the price gets lowered there will still be wide spread repercussions being felt across many different markets a month later.
This blog is about discovering all of the ways to make money in Rift. There are no cheats, hacks, or exploits used in any of my methods.
After amassing a 2 million gold fortune in wow I decided to come over to Rift and see how well I can do there. It is my belief that the game does not matter as much as the methods used and mine have already been proven to work and work well.