Welcome to Business as Usual, my weekly dose of gold reports, wow news, etc…
BETTER LATE THAN NEVER
Yes folks, I did it: I hit the 1 Million Gold cap. You might be wondering what took me so long, especially considering how much gold I’ve made since Cata’s release. The simple fact is I’ve spent a LOT this expansion, and I’m not just talking day to day expenses. For starters, I’ve dropped hundreds of thousands of gold into my guild, Devastation. When Cata was released I made sure we had a solid chunk of gold banked to start out. We had a bank filled with necessary materials to enchant, gem, and craft gear. I even went so far as to buy epics for fresh 85s the first week so we could make an exploratory run on the new instances.
I crafted thousands of flasks for the achievement/cauldron recipe. In the times when we’ve run dangerously low on materials, I’ve cleaned out the Auction House and deposited the needed items in our bank. In short, I’ve been doing everything I can to make sure the guild has what it needs to succeed. But, that’s not the only thing I’ve been dropping gold on.
Pets, I’ve bought a few. Likewise, I’ve bought BOEs for myself and for my alts. And a lot of profession power leveling for alts as well. And I invested in some guild banks, including a level 25 bank that I’ve since renamed to SRS Business. As you might imagine, a level 25 guild doesn’t come cheap. I dropped 85k for it initially, but I still feel it was a sound investment. I also dropped some serious money investing for the patch, and that’s been paying dividends (as will become clear in a minute).
There’s not much to report this week so, I’m going to stick to the gold news for the moment.
THE MONEY SHOT
There are certainly signs that the gem industry is destabilizing, but this week didn’t show any notable slow down (yet). I called it early this week though, Sunday morning I woke up to find I was just the other side of 1 million gold. So, I collected the weeks profits and decided that was enough for the moment. My business model was pretty straight forward for the past few weeks, and deviated only slightly this week. With the release of Winter Veil I had to indulge in a little holiday tradition where I list Milk on the AH for 10g each. Chump change, sure. But it’s times like this that remind you that people really are that lazy and ignorant.
I’ve been selling enchanting materials this week too, it became obvious that I had way more material stored than I’d need to ride out the initial wave of people enchanting their new gear. Also, I figured this might be just the little boost I needed to cap out (glad I did this). Jewelcrafting was almost entirely from red gems, which are still moving more than 200g per uncut on Bloodscalp, but as of Sunday are getting closer to the wrong side of 200g. Even the cut versions are beginning to depreciate so it looks like the wave may be breaking, this is likely to be the last week of significant numbers in the market…
■ 37,637g – Enchanting
■ 37,772g – Inscriptions
■ 195,529g – Jewelcrafting
270,938g – Weekly Total
Thanks for reading, see you next time…