Patience is a Virtue
When we talk about goldmaking in World of Warcraft, you will often hear these three pieces of advice:
- Buying and selling at the right time. Buying low when mats are cheaper, and selling, flipping, when supply is low and prices higher.
- Diversification. Never depending on a single market for your gold, looking at all professions, and selling a wide variety of items.
- Predicting the market. Stocking up before a major patch, dumping stock that will no longer be in demand.
Everyone wants fast gold, easy gold, hyper spawns, super fast kills, speed and destruction.
Patience is the difference between big and small profits
If you buy when materials are cheap (whatever that may be) and have the patience to wait until the supply is low, then you are due some much bigger profits.
Let me give you an example:
This is an ore from Cataclysm, so it’s not going to be as badly affected by the end of Legion expansion.
Pyrium Bars are used to craft Truegold, which is used to craft 41 different items, including Vial of the Sands mount
If you purchased your Pyrite ore at 12g40 each, your truegold would cost you 24g80 plus volatile prices.
If you purchased your Pyrite ore at 246g67 each, your truegold would cost you 493g34, plus volatile prices.
This is a difference of 468.54 per truegold, and a difference of 5,622g per Vial of the Sands. That’s over 5000g profit lost.
Why this difference in price? A look at the supply chart tells us all we need to know:
A large difference in the supply affects the price of the materials for sale.
A Little Patience
Patience goes a long way when selling, also.
At first glance, this wowuction chart looks flat, no difference in price. Look again.
That’s a 10,000g price difference.
You could sell at 65,000g, or you could sell at 75,000g.
I know which one I would choose.
Put together the 5,000g from your materials purchase, and your 10,000g from your selling price, and that’s a difference of
Earned through having patience.
Patience in Everyday Goldmaking
But that’s a high price item, the vial of the sands, and takes a while to craft. How to apply this in every day gold making?
Let’s look at enchanting mats.
On 20th June 2018, Cataclysm timewalking event will begin. The last event was March 14th 2018.
During any timewalking event, more players are in the dungeons of that period, and more players are disenchanting the materials from that period. The supply will be increased.
The effect may be deaden this month because we are drawing so close to the end of Legion, but the effect will still happen.
The enchanting materials for Cataclysm were Hypnotic Dust, Lesser & Greater Celestial Essence, Heavenly Shard, and Maelstrom Crystal.
Here’s the EU Realm Quantity of Heavenly Shards after the last Cataclysm Timewalking Event
Here is the prices of Maelstrom Crystal just after the last timewalking, compared to recently
It’s not hard to predict that prices of Cataclysm enchanting materials will be lower than usual from 21 June to 31 June, and that stocking up now will save you some gold.
Sure, you can make a little gold by flipping the mats, Buying at 11g, selling at 19, gives you a 72.7% markup.
You can make even more if you use the materials to craft. Here are some potential profitable crafts for you to consider.
- Power Torrent
- Assassin’s Step
- Bracers Greater Speed
- Bracers Greater Critical Strike
- Peerless Stats
- and the pet: Magic Lamp
Quick and Easy?
In conclusion, a quick win can be a long term loss. So stay patient.
About the Author
Warcraft’s longest running Gold Making blog, The Gold Queen is written by Alyzande since 2010. Working on her 14th level 110, she has 9 years expertise in making gold, 19,000+ achievements, 1593 days played, over 39 million gold earned, and now playing World of Warcraft Legion live on www.twitch.tv/thegoldqueen The Gold Queen blog teaches you how to make gold playing Warcraft using ethical trading, auction house flipping, crafting, reselling, snatch lists, and farming gold making. Want more updates on Warcraft Battle for Azeroth? Support my Patreon for exclusive pre-release Gold Guides.