Showing posts with label Fire Prism. Show all posts
Showing posts with label Fire Prism. Show all posts

Saturday, August 20, 2011

Reader Submission: Fire Prisms, Heavenly Shards, & Gems

WoW Gold Tips From Loyal Readers
Reader Submission On Fire Prisms, Gems, and Heavenly Shards
Hi Cold! 
As all AH goblins I too found myself in a bit strange situation during the summer: I have some stockpiles and plans to use it, but my buyers are swimming on a beach, far from the WoW AH and from my sales. 
While thinking about a solution (and reading great gold blogs like yours), I was just starring at my big pile of Elementium Ore. I must say, I was a bit mad at myself and while I was bored, I started to prospect my ores. I found myself with dozens of stacks of uncut gems and did not know what to do with them. Okay, cut the blue ones, stockpile some greens for the JC dailies (now I have enough Zephyrites for almost a year ahead, even if the JC daily is "Nibbler! No!" every day), maybe make some Fire Prisms (thanks on that tip tho!). 
"What to do with those greens for which I simply don't have the space to store?" - I asked myself. Well, I had plenty of time and remembered those WotLK times, when the vendor price for some JC items was bigger than their material cost. Of course, this was not a big deal, you could only profit 0.5 - 1g per cut, but hey! that's more than nothing. I made from all of the greens some rings and other jewelries and started to vendor them. Here came one thing that I didn't think on before: I forgot that there's a chance for a blue item to be crafted! Of course I immidiately started mass producing these rings/necks and sent all of the blue ones to my enchanter for Disenchanting! I've got a lot of Heavenly Shards and Small Heavenly Shards, the former selling around 100-120g, the later for 25-40g (!) on my realm. I'm not such a big AH goblin as the gold bloggers, but I made like 8-10k profit (not sales, that's the raw profit!) just alone from these Shards. 
The green rings/necks vendor for 5.5g each, need a Jeweler's Setting (1g50s before rep discounts), so if you happen to find ANY uncut Cata green gems (except for Zephyrite ofc) around 3g (which probably you won't on the AH), you are still profiting ~1g per ring/neck and you have a chance for a Small/Heavenly Shard for even more. 
I didn't make complete calculations yet (spreadsheet incoming soon!), but from my experience, the equilibrium price for an Elementium Ore is around 1.5-1.7g each (30-35g per stack), with the prices on my realm. 
Don't get me wrong, this whole thing is not new discovery, but many people might forget about this market during the summer and thought I share it with you (and your readers, if you happen to post about it). 

Please let me ask you two questions:1. Is there a way or do you know about a way to mass produce Small / Heavenly Shards, except the method described above? Of course I don't want to flood my market to drive the prices to low, but from the Prospecting business I simply can't get enough of it. 
2. Is there a way to efficiently store Fire Prisms? I'm preparing for the epic gem market (which might not even happen with the last content patch being the next one, 4.3), but as Fire Prisms are unique, I have to store them in my mailbox, constantly mailing them from one toon to another, which is a bit inconvinient. 

Thanks in advance!KhasDylar
Cold's Response

Thanks for the Reader Submission KhasDylar!  You remind us of some important gold tips.  Everyone is so focused on the current hot money makers that we often forget to check back to the older strategies we've used previously or in older expansions.

Here are the answers to your questions:


Heavenly Shards
1)  Heavenly Shards are going to come from disenchanting.  I often search for items that disenchant into a Heavenly Shard right on the auction house in WoW.  Buy it, disenchant it, and toss the Heavenly Shard back on the auction house for a profit.  Another option for crafting items to disenchant yourself is Stormforged Shoulders (made by Blacksmiths).

Fire Prisms
2)  Fire Prism storage doesn't have to be such a space and time consuming process for you.  Try tossing them into a bank or guild bank.  The Fire Prisms are unique so you can't have more than 1 on you, but you CAN toss them in the bank along with others.  That's how the last reader who submitted his speculative ideas on Fire Prisms storage for epic gems keeps his stored.

Got a reader submission idea or a topic idea for me?  Send them in and receive full credit, if your submissions, guest posts, or topic ideas make it to the live blog.

Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide To Get You Started. This Guide Can Be Applied To Multiple Markets Not Just Barking MFCs.

Saturday, July 23, 2011

Fire Prism Strategy and Epic Gem Speculation

Will Fire Prism Contain Epic Gems?
The Fire Prism

A Fire Prism is crafted by Jewelcrafters and is limited to crafting only one per day.  The Fire Prism takes 3 of each uncommon gem to craft and is therefore a very expensive Jewelcrafting item to craft.  Those gems can be used in more efficient ways to make a profit on the World of Warcraft auction houses in Azeroth.  The benefit of crafting the Fire Prism is that it will produce multiple rare gems and a chance at containing a Chimera's Eye.  The rare gems contained inside the Fire Prism rarely are worth the value of the uncommon gems being used to create the Fire Prism.  Of course, you can get the occasional nice Fire Prism that contains 3 Inferno Rubies and a Chimera's Eye in the 1 Fire Prism, but those are rare occurances. 

Epic Gems Speculation

There is much speculation about the introduction of epic gems into the current World of Warcraft player environment.  As of right now there is no evidence of anything related to epic gems and the epic gem patterns.  Everything is purely speculative at this point in regards to epic gems.
  • When will epic gems be introduced into WoW?
  • Will epic gems even be added?
  • If epic gems are added, where will they come from?
  • If epic gems are added, who will sell the epic gems recipes?
  • What will be the required currency for buying the epic gem recipes?
  • Will Pyrite Ore be prospected into epic gems?
  • Will Fire Prism have a chance to create epic gems?
Fire Prism To Contain Epic Gems?

Today we are looking at the Fire Prism and speculating on the future of epic gems coming from inside Fire Prisms.  I know of at least one follower that has been stockpiling his Fire Prisms unopened in the bank.  Currently he has around 50 unopened Fire Prisms stored up.  Why?  In Wrath of the Lich King, Icy Prism had the ability to create epic wrath gems when opened.  Assuming the similar fate for the Cataclsym equivalent, Fire Prisms will probably have a chance to create epic Cataclysm gems when opened. 

If epic gem creation is patched and added to Fire Prisms, then the Fire Prism will be a much more profitable item to craft, especially when epic gems are first introduced and the demand is outrageously high.  This reader will have a lot of Fire Prisms all ready to be opened with a chance for each Fire Prism to contain epic gems.  These epic gems could provide the jump start and early advantage to profitting from the first days of epic gem sales.

I am in agreement that eventually Fire Prisms will have a chance to contain epic gems.  Of course this is speculation, but it is based off of the historical change to Icy Prisms.  The area that I start to ponder is whether the pre-crafted Fire Prisms will contain the epic gems.  When are the contents of the Fire Prism set?  Is it when the item is created or are the contents set when the Fire Prism is opened?  I don't know for sure, so I haven't been crafting any Fire Prisms myself to store for later.  This is an option for consideration, if you like to take risks.  At this point I can't say that it is a guaranteed effective strategy, but is an option for you to consider.  It could be worth stocking up the unopened Fire Prisms or it could be a waste of materials and bank space.  We just don't know yet, but that's what speculation is all about.  It's trying to figure out ahead of time what we think will eventually happen with epic gems.

Anyone else been secretly stockpiling these unopened Fire Prisms?
Got any other fresh ideasin regards to epic gems speculation?


Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide To Get You Started. This Guide Can Be Applied To Multiple Markets, Not Just Barking MFCs.