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  1. #1
    fade's Avatar
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    Prospecting Thorium

    So I stocked up on a ton of pre-cata thinking the price would skyrocket. I was wrong, they re-vamped all the nodes and thorium is everywhere. They also buffed the amount of gems that thorium drops on prospecting.

    I just prospected 15 stacks of , currently sitting at about 18g/stack = 270g worth of Thorium.

    Here's the results:

    23 market value 15.5g ea 356.5
    16 market value 16.6g ea 265.6
    14 market value 6.5g ea 91
    16 market value 11g ea 176
    16 market value 3.5g ea 56

    Add it all up and I get 945.10g

    Not bad for 2 minutes of prospecting. Its easy to crash these markets so I wouldn't recommend going crazy, but its a nice way to bleed off your stockpile.

  2. #2
    Sinshroud's Avatar
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    It's always a good idea to try and take a step back and examine other means to make gold like you have done, other than focusing on only max level markets.

    However, normally it's these lower level economies that tend to be a bit more unstable because their buy and sell rate is usually a lot more inconsistent. For example someone power leveling Jc might go and buy up the entire market of low level gems one day, but then next week hardly any will sell at all.

    If it works for you then it works for you, just as you said in your post, don't go crazy
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  3. #3
    Pwnies's Avatar
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    I've been doing this steadily over the past few weeks. Had about 4500 ore stockpiled pre-cata, and I'm still buying it at under 12g/stack.

    Selling prices:
    Diamond/Emerald/Opal 20-24g each
    Blue Sapphire 1-3g each
    Star Ruby 3-15g each (this guy fluctuates quite a bit)

    I prospect around 5 stacks a day, and list for 12 hours.

  4. #4
    Mornia's Avatar
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    I'm holding onto mine - I see it as a long term investment.
    "Money is not the most important thing in the world. Love is. Fortunately, I love money." - Jackie Mason

  5. #5
    Pwnies's Avatar
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    Would you mind explaining the long-term investment thang?

    Here's how I see it.

    Pre-cata, Thorium Ore at ~15g/stack.
    We stock up, thinking that after the initial market flood from new levellers is gone, we'll be selling to people levelling profs on their new toons. The other thing to consider is that old-world flight is now enabled, which makes mining it less of a mission for people - and there is our risk.
    Cata hits, and Blizz surprise us by greatly increasing the amount of nodes. More ore hitting the market, etc etc. Price on Thorium Ore (at least on my realm) doesn't move much, maybe down 2-3g a stack.

    Even when the flood of people levelling slows down, I still don't see the ore price going up by much. There are still going to be so many nodes, plus old world flying, that I don't see there being any kind of supply shortage.

  6. #6
    Mornia's Avatar
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    You make some good points and that is an excellent profit - I will check it out. The whole node increase thing has been a complete profit killer. I in no way mean to dismiss these ideas, as they are actually very good if you want to use your thorium now. On my server, it's 25% more than what I bought it for.....despite the increase in nodes...

    However, I'm hoping that once the levellers move out of the thorium zones, they'll mine something else. If I was a high level miner, I'd be mining in cata zones.

    What I'm saying is that I believe the supply of thorium will drop and the price will go up. The supply can't exactly increase from what was already saturation levels - I've already noticed a gradual price rise on old world mats across the board. I think things are beginning to recover. Add inflation into the equation and there is still possible profit to be made. As much profit as this method gives? I don't know - I'll have to look at prices on my server.

    I could be wrong. I accept this - it's speculation.

    Everyone who has stockpiled faces this dilemma. To sell (or craft) now and recoup some of the money, or to hold and wait for the glorious day when profits will return. I'm holding as I believe prices will rise over time for the aforementioned reasons and inflation. Plus it's more fun that way. I see my stockpiling as an experiment - a gamble. If I lose all of the money I've invested, so be it - I won't be shedding any tears. I'll know better when it comes to the next expansion.

    EDIT:

    Here's my prices:
    23 [Azerothian Diamond] market value 5g ea 115g
    16 [Huge Emerald] market value 20g ea 320g
    14 [Star Ruby] market value 3g ea 42g
    16 [Large Opal] market value 6g ea 96g
    16 [Blue Sapphire] market value 2g ea 32g

    603g in total for 15 stacks. About 40g a stack - thats actually quite good! Not as much as I was hoping for but good nevertheless.
    I've got about 150 stacks - I'll try it with a few!

    There's one problem though as i already have all of the prospected gems stockpiled apart from Azerothian diamond so i don't really need any....I'll still give it a try though!
    Last edited by Mornia; January 7th, 2011 at 09:30 AM.
    "Money is not the most important thing in the world. Love is. Fortunately, I love money." - Jackie Mason

  7. #7
    ErolVingian's Avatar
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    Quote Originally Posted by Mornia View Post
    Here's my prices:
    23 [Azerothian Diamond] market value 5g ea 115g
    16 [Huge Emerald] market value 20g ea 320g
    14 [Star Ruby] market value 3g ea 42g
    16 [Large Opal] market value 6g ea 96g
    16 [Blue Sapphire] market value 2g ea 32g
    Don't forget things like IIRC this uses 1 and 1 per transmute and has no CD.

    I was selling these a week before Cata for 30g per to eek some extra profits out of my thorium stockpile. They sell in fits and starts but not many people seem to bother making them. Have a look to see what you can further craft Thorium/gems into to squeeze extra profit out of your stocks.

  8. #8
    Myraxes's Avatar
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    Actually its Thorium Bar and Arcane crystal....but you are right; Arcanite Bars are a pretty regular seller for me.

  9. #9
    Mornia's Avatar
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    I use all of my Arcanite Bars to make Arcanite Rod......
    "Money is not the most important thing in the world. Love is. Fortunately, I love money." - Jackie Mason

  10. #10
    fade's Avatar
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    Quote Originally Posted by Mornia View Post
    EDIT:

    Here's my prices:
    23 [Azerothian Diamond] market value 5g ea 115g
    16 [Huge Emerald] market value 20g ea 320g
    14 [Star Ruby] market value 3g ea 42g
    16 [Large Opal] market value 6g ea 96g
    16 [Blue Sapphire] market value 2g ea 32g

    603g in total for 15 stacks. About 40g a stack - thats actually quite good! Not as much as I was hoping for but good nevertheless.
    I've got about 150 stacks - I'll try it with a few!

    There's one problem though as i already have all of the prospected gems stockpiled apart from Azerothian diamond so i don't really need any....I'll still give it a try though!
    Yeah, even with modest prices, the price per stack actually comes out more than what I had planned to sell it off for anyway. Sinshroud is 100% right -its a bleed out thing though, I've slowly sold off all of my low gems since 4.03a and I'll probably sell off this batch before doing it again. If you're listing your gems, list them at market price, don't attempt to undercut. 99% of the time these gems will be bought up in heaps by a JC powerleveler. One thing I would re-consider listing over and over and over is Blue Sapphires, their vendor price is really high and at the 2-5g each you'd get for them, its almost better to look for an alternative (dust or crafted item) way to sell them off rather than get killed in AH deposits waiting for a JC to burn through the gems.

    PS - someone bought all of my listed gems last night

 

 

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