So let me set the scene. Ore is normally 60-70g/stack. Then we get a deluge of cheap ore at 20g/stack. Combine this with an inexperienced JC (that happened to be a guildie) who wanted to get rich quick.
A guildie advertised in trade and guild chat how he wanted to sell Inferno rubies for 30g each. Now I bought them all because cut infernos are still selling for 100-110g and hey who doesn’t like free gold?
This guy kept talking about his ore adventure and it was fascinating to hear his tale. For example he was vendoring all his uncommon gems because he had read about it somewhere out there on the interwebz but realised that he was not making a lot of gold doing this.
One can expect that following a big amount of cheap ore coming into the market prices may start to come down but watching this player’s adventure was very very interesting. I intervened with the inferno rubies but decided it would be fun to try and get into the mindset of someone new to making gold. So I did not intervene again even when Nightstone were being vendored *wipes tear from eye*
A day passed and this player was still talking about how they were stuck with loads of gems that would not sell. He only has JC/Alchemy and no alts as far as I can tell.
Now when I read in gchat this player had made 9k in two days I was intrigued. I was glad this player managed to make some decent gold however when I asked how much they spent on ore they replied 7k!
So basically he spent 7k on 7000 ore (350 stacks), prospected it all and only made 2k profit? I was just like Wow. With a 7k investment he should have easily been able to make 15k+ back even just doing a basic shuffle and selling raw gems.
The thing is this player panicked. He had so much ore and just wanted to get rid of it. Even though perhaps to me and others he should have calmed down, kept prices a little higher, not vendored gems and basically chilled out and sold his items over a week rather than a couple of days. When you invest nearly all the gold you have into a market you panic it is just normal I guess. If I invested all my gold into something I might panic as well.
So what can we learn from this inexperienced JC? While it can be hugely helpful to look back at older blog posts and listen to older podcasts please remember to check things still work out and engage your brain. This player was 110% confident you could buy elementium ore and make a profit just from vendoring the uncommon gems.
You might ask why I did not intervene and help this player, well I think I wanted them to go through the experience and maybe they would learn and develop.
Would you have intervened?