Jump to content

  • Curse Sites
Help
* - - - - 1 votes

From Rags to Riches.


  • Please log in to reply
47 replies to this topic

#1 Sans

Sans

    Sylvari Specialist

  • Members
  • 914 posts
  • Profession:Mesmer
  • Server:Blackgate

Posted 30 September 2012 - 09:29 PM

Buy rags / discarded garments.

Posted Image

Many Rags/Discarded Garments (Dropped by trolls/grawls in Frostgorge sound, which are getting massed farmed, so plenty to go around)

Posted Image

Salvage using the cheapest salvage kit
(All salvage kits have net the same amount of gossamer per stack, so cheapest is best)

Posted Image

Now go to the mystic forge
(1 stack of silk scraps + 5 crystalline dust + 5 philosopher stones + 1 gossamer scrap)

Posted Image

The amount of gossamer you get is random (Between 10-40)
I averaged 23.67 gossamer per stack of silk

Next, turn it all into bolts

Posted Image

Now sell on TP

Posted Image
Posted Image

Here are the final numbers, on excel....

Posted Image

The amount you make depends on..

How many rags you buy
The price you buy the rags at
The amount of silk/gossamer you get from those rags
The amount of gossamer you get out of the mystic forge
And the amount you sell those bolts at.

Edited by Sans, 02 October 2012 - 09:19 PM.


#2 Weekender

Weekender

    Fahrar Cub

  • Members
  • 34 posts
  • Guild Tag:[Arrk]
  • Server:Vabbi

Posted 30 September 2012 - 09:36 PM

i'd say "thanks for runing this for everyone", but im not that kind of person who tends to think "elitist"

thanks anyway :)

upd: still works, just make sure you use t2 salvage (88c one), as it nets more grossamer

Edited by Khalija, 01 October 2012 - 08:08 PM.


#3 Celeborn101

Celeborn101

    Vanguard Scout

  • Members
  • 288 posts

Posted 30 September 2012 - 09:47 PM

In order to do exactly what he did. You need about 14 gold just to purchase 2,000 Rags. Rags are going about 70 to 90c a piece.

Edited by Celeborn101, 30 September 2012 - 09:48 PM.


#4 Sans

Sans

    Sylvari Specialist

  • Members
  • 914 posts
  • Profession:Mesmer
  • Server:Blackgate

Posted 30 September 2012 - 09:55 PM

View PostCeleborn101, on 30 September 2012 - 09:47 PM, said:

In order to do exactly what he did. You need about 14 gold just to purchase 2,000 Rags. Rags are going about 70 to 90c a piece.

I started doing this with about 2g a few days ago,
since then i've made about 35g.
(process speeds up as you make more money)

View PostWeekender, on 30 September 2012 - 09:43 PM, said:

upd: still works, just make sure you use t2 salvage (88c one), as it nets more grossamer

I've used both salvage kits, and they've both net me about 30 gossamer per stack of rags.

#5 Celeborn101

Celeborn101

    Vanguard Scout

  • Members
  • 288 posts

Posted 30 September 2012 - 09:58 PM

I only have 1 gold and about 30 silver to my characters name. I spent all of my gold on getting my character 100% exotics. By the way, where do you get the philo stones? So where exactly does one start with very little gold like me? lol I'm just so bored with farming those stupid Trolls.

Edited by Celeborn101, 30 September 2012 - 09:59 PM.


#6 Sans

Sans

    Sylvari Specialist

  • Members
  • 914 posts
  • Profession:Mesmer
  • Server:Blackgate

Posted 30 September 2012 - 09:59 PM

View PostCeleborn101, on 30 September 2012 - 09:58 PM, said:

I only have 1 gold and about 30 silver to my characters name. I spent all of my gold on getting my character 100% exotics. By the way, where do you get the philo stones?

Miyani, merchant near mystic forge
1 skill point = 10 stones.

#7 Celeborn101

Celeborn101

    Vanguard Scout

  • Members
  • 288 posts

Posted 30 September 2012 - 10:12 PM

Right now, it's actually cheaper to just buy the Silk Scraps.

Silk Scraps are selling for 23c a piece as where Rags are selling for 70 to 90c a piece.

#8 Weekender

Weekender

    Fahrar Cub

  • Members
  • 34 posts
  • Guild Tag:[Arrk]
  • Server:Vabbi

Posted 30 September 2012 - 10:14 PM

View PostSans, on 30 September 2012 - 09:55 PM, said:

I started doing this with about 2g a few days ago,
since then i've made about 35g.
(process speeds up as you make more money)



I've used both salvage kits, and they've both net me about 30 gossamer per stack of rags.

you are lucy as hell. im getting around 20 gossamer per stack and 13-18 per transmute

#9 Sans

Sans

    Sylvari Specialist

  • Members
  • 914 posts
  • Profession:Mesmer
  • Server:Blackgate

Posted 30 September 2012 - 10:17 PM

View PostWeekender, on 30 September 2012 - 10:14 PM, said:

you are lucy as hell. im getting around 20 gossamer per stack and 13-18 per transmute

I'm using full MF armor/weapons/food

Maybe that helps.

#10 Shakkara

Shakkara

    Asuran Acolyte

  • Members
  • 109 posts

Posted 30 September 2012 - 10:39 PM

Not sure if selling your skillpoints for so little silver is a good idea. Which is basically what this scheme is.

#11 Sans

Sans

    Sylvari Specialist

  • Members
  • 914 posts
  • Profession:Mesmer
  • Server:Blackgate

Posted 30 September 2012 - 10:43 PM

View PostShakkara, on 30 September 2012 - 10:39 PM, said:

Not sure if selling your skillpoints for so little silver is a good idea. Which is basically what this scheme is.
1 skill point = 23 bolts of gossamer = 2.06g

Edited by Sans, 30 September 2012 - 10:44 PM.


#12 Shakkara

Shakkara

    Asuran Acolyte

  • Members
  • 109 posts

Posted 30 September 2012 - 10:45 PM

Not really, as you have to buy the rags and have to deduct base costs from that. You only end up with 10s profit or something per batch.

#13 Sans

Sans

    Sylvari Specialist

  • Members
  • 914 posts
  • Profession:Mesmer
  • Server:Blackgate

Posted 30 September 2012 - 10:49 PM

Made 5g 42s 45c from 8 batches (or 6 skill points worth of stones.)

Edited by Sans, 30 September 2012 - 10:50 PM.


#14 ToxiCsisM

ToxiCsisM

    Fahrar Cub

  • New Members
  • 14 posts
  • Server:Fort Aspenwood

Posted 30 September 2012 - 10:49 PM

And the cost of rags has begun to skyrocket! Good going for while it lasted I suppose. :)

Edited by ToxiCsisM, 30 September 2012 - 10:50 PM.


#15 Shakkara

Shakkara

    Asuran Acolyte

  • Members
  • 109 posts

Posted 30 September 2012 - 11:00 PM

At least the gossammer is going to be cheap from now on, prices are falling hard now.

GG for the guy that stocked up on Rags prior to posting this, as that's the person that doubled his money over night.

#16 lmaonade

lmaonade

    Seraph Guardian

  • Members
  • 1122 posts
  • Location:That one place with the thing
  • Guild Tag:[NGE]
  • Server:Crystal Desert

Posted 30 September 2012 - 11:01 PM

won't work anymore :P rag prices rose to 90c to 1s

#17 Reiden221

Reiden221

    Vanguard Scout

  • Members
  • 383 posts
  • Guild Tag:[DAoT]
  • Server:Sanctum of Rall

Posted 30 September 2012 - 11:03 PM

wow, impressive

#18 Weekender

Weekender

    Fahrar Cub

  • Members
  • 34 posts
  • Guild Tag:[Arrk]
  • Server:Vabbi

Posted 30 September 2012 - 11:15 PM

go for Discarded Garment, its the same and they are still around 80c

#19 Siscka

Siscka

    Pale Tree Seedling

  • New Members
  • 8 posts
  • Server:Vizunah Square

Posted 30 September 2012 - 11:34 PM

If you use salvage kits from karma merchant it cost you less.

#20 Binksy

Binksy

    Pale Tree Seedling

  • New Members
  • 4 posts
  • Guild Tag:[TOG]
  • Server:Yak’s Bend

Posted 01 October 2012 - 02:05 AM

Everytime I see one of these gold making ideas I get excited until I realize it requires skill points.  I know most people have extra, but really requiring the use of them to make gold just doesn't sit right with me.  I'd rather make gold using flipping or salvaging where the only limiting factor is my time and gold.  It doesn't help that my character is only level 43 so I can't imagine using my limited skill points as part of a gold making strategy.

I've already made about 60 gold using my own ideas and spreadsheets that only require time and gold, so I always have that to fall back on, but of course I'm always looking for ways to make more profits.  I just can't get my head around ones that require skill points :(

Am I just miserly in this aspect?  Or do max level characters that don't care about making legendaries really just have a ton of extra skill points lying around that they won't use?  I know it takes at least 50 (or 100?) to craft parts of the legendary, so I figured for most people they would be saving up their extra for that.  I also understand you keep aquiring levels/skill points even after 80, but the rate can't be great?

I also don't think this OP did it, but I'm seeing an interesting trend with these guides.  Someone finds a money making strategy, makes a lot of money off it, and when the margins aren't great anymore or they're tired of doing it, they post it up for the public.  The real question is whether the posters of the guides decide to make a last major profit by (using this guide as example) buying tons of rags before posting the guide, then selling them after the price skyrockets from the guide.  Seems kinda smart :P

#21 gza36chambers

gza36chambers

    Pale Tree Seedling

  • New Members
  • 2 posts

Posted 01 October 2012 - 02:57 AM

Is this still worth doing? Ive sank 10g to this and im scared that im going to lose my money :(   How do you transmute gossamer stacks into gossamer bolts? Will 250 stacks and other items transmute into 250 bolts?? or will i only end up getting 30 or so bolts from 250 stacks? please respond before i lose all my money :o

#22 Isms

Isms

    Vanguard Scout

  • Members
  • 232 posts

Posted 01 October 2012 - 03:22 AM

Yup, not working anymore. Also, this is a huge gamble, i spent 12g on these at 85c a piece, and lost 3g (no quick buys/sells). I wouldn't buy unless they are around 75c.

#23 Jackiepro

Jackiepro

    Vanguard Scout

  • Members
  • 260 posts
  • Location:Canada
  • Guild Tag:[VoTF]

Posted 01 October 2012 - 04:34 AM

Theres not much of a way the OP could have made profit off stocking rags for this moment. If rags were 66c before and now sell for 88c, 88 * .85 - 66 = 8.8c. With 8.8c a rag OP must have bought 5600 rags to even make 5g. Even the selling of 5600 takes a lot of time and 5g a day is very easy to make, not worth the hastle involved here. Unless he bought like 20k rags to make 20g in which case thats very brave.

#24 Larkenis

Larkenis

    Fahrar Cub

  • Members
  • 20 posts

Posted 01 October 2012 - 06:23 AM

I actually did this for a while when rags were at 70c a piece (not for profit, but rather as a cheaper way of getting gossamer scraps). Even at those prices, you're essentially trading skill points for gold, which wasn't much back then. At today's prices (I checked, around 90c per rag), it just doesn't seem worth it. Basically you could profit on a rng chance of salvaging for gossamer scraps on the rags, and then convert the rest of the silk into scraps possible between 10-34 scraps if you're lucky.

Problem with doing this as a way of getting gold is that it isn't sustainable - you run out of skill points eventually, and depending on lucky, you might or might not profit from it back then when prices were lower. The higher rag cost and lower gossamer scrap cost lowers the probability of profit even more. It was profitable at 70c (if you were willing to trade skillpoints for gold), but definitely not now.

#25 Weekender

Weekender

    Fahrar Cub

  • Members
  • 34 posts
  • Guild Tag:[Arrk]
  • Server:Vabbi

Posted 01 October 2012 - 06:51 AM

View PostBinksy, on 01 October 2012 - 02:05 AM, said:

Am I just miserly in this aspect?  Or do max level characters that don't care about making legendaries really just have a ton of extra skill points lying around that they won't use?  I know it takes at least 50 (or 100?) to craft parts of the legendary, so I figured for most people they would be saving up their extra for that.  I also understand you keep aquiring levels/skill points even after 80, but the rate can't be great?
Yes, there are tonns of skill point sitting around doing nothing at lvl80. Same as GW1, even there were hundreds of ways to spend them, I was still sitting around 2k unneeded skillpoints

View Postgza36chambers, on 01 October 2012 - 02:57 AM, said:

Is this still worth doing? Ive sank 10g to this and im scared that im going to lose my money :(   How do you transmute gossamer stacks into gossamer bolts? Will 250 stacks and other items transmute into 250 bolts?? or will i only end up getting 30 or so bolts from 250 stacks? please respond before i lose all my money :o
You need to be lvl400 in crafting professions to make the bolts. 250 grossamer will net you 125 bolts.

#26 DeRange

DeRange

    Fahrar Cub

  • New Members
  • 12 posts

Posted 01 October 2012 - 10:24 AM

it's not worth at the moment.

With current prices you're going to lose an average of 15-20 silver per 250 silk transmuted into gossamer if you meet highest buyer, which really is the only choice unless you have already some pretty big amount of money and can wait to sell (hard to sell with the amount of gossamer being pumped into the economy right now).

Bolts of gossamer remain unsold at 8s/piece.



OP should realize threads like thist accomplish absolutely nothing except making the method useless

Edited by DeRange, 01 October 2012 - 10:26 AM.


#27 Pysgasm

Pysgasm

    Vanguard Scout

  • Members
  • 176 posts
  • Location:Washington DC
  • Guild Tag:[KnT]
  • Server:Blackgate

Posted 01 October 2012 - 01:11 PM

I can't believe OP made 35-40g and thought he was 'rich'... Good idea to post it up on the forums though /smh

#28 Sans

Sans

    Sylvari Specialist

  • Members
  • 914 posts
  • Profession:Mesmer
  • Server:Blackgate

Posted 01 October 2012 - 02:33 PM

View PostPysgasm, on 01 October 2012 - 01:11 PM, said:

I can't believe OP made 35-40g and thought he was 'rich'... Good idea to post it up on the forums though /smh

Calm down Bill Gates, it's just a title.

And for something that took about 45min of very little effort, going from 2g to 30g (after buying 15g's worth of stuff) over a few days is a lot of money for everyone except you.

#29 Sprinks

Sprinks

    Asuran Acolyte

  • Members
  • 53 posts
  • Guild Tag:[HLK]
  • Server:Yak’s Bend

Posted 01 October 2012 - 02:58 PM

View PostSans, on 01 October 2012 - 02:33 PM, said:

Calm down Bill Gates, it's just a title.

And for something that took about 45min of very little effort, going from 2g to 30g (after buying 15g's worth of stuff) over a few days is a lot of money for everyone except you.

I, for one, appreciate the transparency. The difference between the trading community here and in WoW is stark. I understand that this is due to the global nature of the trading post as opposed to a server-only auction house. The fact remains that the minority of players check the forums, and I'm a proponent of sharing and working together. Exploitation and secrecy will always come to and end eventually. :/

#30 Pysgasm

Pysgasm

    Vanguard Scout

  • Members
  • 176 posts
  • Location:Washington DC
  • Guild Tag:[KnT]
  • Server:Blackgate

Posted 01 October 2012 - 03:01 PM

This should be interesting to watch for the next couple days. Hope you were smart enough to take all of your earnings and buy a meager portion of the rags on the market. http://www.gw2spidy.com/item/21666


View PostSprinks, on 01 October 2012 - 02:58 PM, said:

Exploitation and secrecy will always come to and end eventually. :/

There are several ways to make large amounts of gold without 'exploiting'

This kind of transparency doesn't benefit the community as a whole, it benefits the very few and select individuals that see it for what it is the minute its posted, and turn around to capitalize on it. Meanwhile it makes a huge economical impact on vast swathes of the market.

Edited by Pysgasm, 01 October 2012 - 03:06 PM.





0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users