Our guild has no blacksmith. Not one. I've never found a single blacksmith in the ally side of Maghteridon, and judging how great profit my GF has from transporting belt buckles from horde and selling them on ally, I assume there is no active blacksmith on our side. Strike that, half of the guild are rogues and I can't find one who could open a damn 325 lockbox.
One could make a killing with BS on Maghteridon-ally, by crafting and selling the buckles and enchanting rods (I transport those and sell them for 300% profit), maybe crafted i245 plate for beginner tanks, and so on. Since our guild is full of goblins, it's surprising that no one jumped on this huge opportunity. Or not. Actually they did not jump on it because they are goblins.
The value in an MMO (and in life) is time. BS is a hard to level profession, even if you have a solid AH to buy mats from. Now imagine that you have to farm or transfer from horde 90% of your materials. It would cost 10-12 hours I'd guess. Granted, after the profession is 400+, it's a cash cow. But as I wrote, gold has no value, in a sense that you don't have to farm (if you are not stupid), so getting gold does not save you from farming.
I have 20K+. How could I buy time?
Of course I wouldn't be much of a goblin if I would QQ over the "inevitable fall of gold". Instead I give it value. How can I do it? I offer something for gold that people want very much. If they want to buy it, they must have gold. To have gold, they must have industry. If they have industry, everyone are happy customers!
What do people want in WoW? Gear! Since we're a PvP guild, most wanted gear are bought by alternative currency (badge, honor, arena point). But not the weapons. Most of us rolled new character or transferred an alt. 99% does not run around with ilvl250+ weapons. FoS-PoS-HoR can get you to 232 with lot of farming, but no further. You need high arena rating to buy them, or you can loot them from raids.
So here comes the goblinish solution: every week we have a raid. We do the weekly raid, then we do some instance that fits to our gear. The point is speed, not kills, one-two shotting ToC and getting some PvE 245 into green slots and badges to everyone is better than downing 2 bosses in ICC in 3 hours. But soon (I mean in 1 or 2 weeks) the badge raid will go to ICC. Ashen rep and drops. Ilvl 251 weapons. In a month we can do 25 man. Ilvl 264.
This raid will be GDKP. Every drop will be auctioned, starting from 100G (so you should have at least 100G), 50G increments until 500G, 100G increments until 1500G, 250G increments until 5000G, 1000G increments upwards. The gold must be paid to me before the item is given (no "I'll pay next week", but of course you can beg in /w from friendly, helpful loan-sharks), I distribute the gold at the end of the run evenly.
Since the auction is zero-sum (the amount of gold among the raid members stays the same), you can of course easily get lot of gold from not bidding on anything. After all, one can raid ToC, and soon ICC with ilvl 200 blue weapons, right? But if you don't want that annoying moment when you die and the opponent wins with 2% HP left, pay up and get an upgrade! To pay up, start an industry! Check the AH, see what's selling, find a big void and get to work!
PS: if you don't understand why is it an "analysis" post, instead of ganking update, because it's about one of the basics of economy: the money has no internal value, it's valued after the things we can buy with it. Also it's about the importance of a stable, valuable money in the economy. There is no trading without money besides necessities.
Ganking advertisement: the first arena team in the guild reaching 2000 rating gets 1000G/person from me. So if you are a good PvP-er looking for a new home, Maghteridon-EU-Ally is your choice!
Ganking announcement: I'll offer free goldmaking tips to all guildies, /w me if interested how can you make gold with your existing profs.
One could make a killing with BS on Maghteridon-ally, by crafting and selling the buckles and enchanting rods (I transport those and sell them for 300% profit), maybe crafted i245 plate for beginner tanks, and so on. Since our guild is full of goblins, it's surprising that no one jumped on this huge opportunity. Or not. Actually they did not jump on it because they are goblins.
The value in an MMO (and in life) is time. BS is a hard to level profession, even if you have a solid AH to buy mats from. Now imagine that you have to farm or transfer from horde 90% of your materials. It would cost 10-12 hours I'd guess. Granted, after the profession is 400+, it's a cash cow. But as I wrote, gold has no value, in a sense that you don't have to farm (if you are not stupid), so getting gold does not save you from farming.
I have 20K+. How could I buy time?
- I bought epic flyer, won about a minute every wintergrasp to get into position before the fight. If there is world PvP, I can get there 1-2 minutes faster, which actually does not matter because the fight is already over. We either won, or corpses waiting for the reinforcements. Not much gain here.
- I can buy BoE epics. There is no good PvP BoE, but I can replace blues with higher ilvl PvE items. It might save me (or rather I can save someone I heal), but the power increase is marginal (as opposed to getting PvP item). Better PvE gear saves mana brakes in heroics, another 1-2 mins/day
- I can buy every reagent, gem, enchant I want without waiting for bargains. Oh wait, that saves me 0 mins since the problem is that there is no item on the AH for any price.
- I can buy ilvl 251 kirin tor ring for about 10K. Since I'm scribe, I have infinite teleports. The ring stats are nice, but same ilvl Ashen Verdict friendly ring will be available in a week.
Of course I wouldn't be much of a goblin if I would QQ over the "inevitable fall of gold". Instead I give it value. How can I do it? I offer something for gold that people want very much. If they want to buy it, they must have gold. To have gold, they must have industry. If they have industry, everyone are happy customers!
What do people want in WoW? Gear! Since we're a PvP guild, most wanted gear are bought by alternative currency (badge, honor, arena point). But not the weapons. Most of us rolled new character or transferred an alt. 99% does not run around with ilvl250+ weapons. FoS-PoS-HoR can get you to 232 with lot of farming, but no further. You need high arena rating to buy them, or you can loot them from raids.
So here comes the goblinish solution: every week we have a raid. We do the weekly raid, then we do some instance that fits to our gear. The point is speed, not kills, one-two shotting ToC and getting some PvE 245 into green slots and badges to everyone is better than downing 2 bosses in ICC in 3 hours. But soon (I mean in 1 or 2 weeks) the badge raid will go to ICC. Ashen rep and drops. Ilvl 251 weapons. In a month we can do 25 man. Ilvl 264.
This raid will be GDKP. Every drop will be auctioned, starting from 100G (so you should have at least 100G), 50G increments until 500G, 100G increments until 1500G, 250G increments until 5000G, 1000G increments upwards. The gold must be paid to me before the item is given (no "I'll pay next week", but of course you can beg in /w from friendly, helpful loan-sharks), I distribute the gold at the end of the run evenly.
Since the auction is zero-sum (the amount of gold among the raid members stays the same), you can of course easily get lot of gold from not bidding on anything. After all, one can raid ToC, and soon ICC with ilvl 200 blue weapons, right? But if you don't want that annoying moment when you die and the opponent wins with 2% HP left, pay up and get an upgrade! To pay up, start an industry! Check the AH, see what's selling, find a big void and get to work!
PS: if you don't understand why is it an "analysis" post, instead of ganking update, because it's about one of the basics of economy: the money has no internal value, it's valued after the things we can buy with it. Also it's about the importance of a stable, valuable money in the economy. There is no trading without money besides necessities.
Ganking advertisement: the first arena team in the guild reaching 2000 rating gets 1000G/person from me. So if you are a good PvP-er looking for a new home, Maghteridon-EU-Ally is your choice!
Ganking announcement: I'll offer free goldmaking tips to all guildies, /w me if interested how can you make gold with your existing profs.



