The Guild Wars economics system is a pretty complex, yet simple concept to grasp. Using this guide, if you understand what I‘m saying and follow some simple advice, you‘re bound to make lots of money. First there is the in-game built system, this system works off simple supply and demand. We’ve all seen it before but maybe have not noticed it, for example the Dragon Festival where people found out they could dye their masks, the price of Red Dye shot up until it sold out, and Black Dye went up to around 15k, when its original price is around 9k. Why this happens is because Guild Wars the supply and demand system. What this means, is that they have a large, yet limited amount of items they can sell, you usually don’t notice any change unless a major event happens.
There are a few ways you can take advantage of this system, which means more money in your storage, and right now is the perfect time to start investing. Before festivals or game releases, invest in items that usually sell out or skyrocket. Dye, for example. If you bought black dye a day before the festival, and sold it when it shot up, you would make a 6k profit. Now, think of it if you bought a lot of them, or even red dye (Which is always the fastest color to sell out, maybe the best investment).
The player-made economics system is made when players can get something that cannot be purchased through merchants, creating a free market. This can be anything from Troll Tusks to Icy Dragon Swords. One of the biggest markets for this is unique, or green, items. The biggest things that effect the green system, is item hype, unique skin, and how new it is.
This system is probably the easiest to really take advantage of IF you have the item. First thing first is item hype and how new it is, if you get the item right when it comes out, you can usually sell it for at least 100k. Don’t believe me? There was a time when Victo’s Blade went for 100k + a few ectos, and even Victo’s Bullwark sold steady for 100k + a few ectos. Soon after, item hype dropped in and Victo’s blade fell down to around 75k and Victo’s Axe skyrocketed to where Victo’s Blade was. They are still the same items, but take a look for yourself how much they’re going for now Auction. That I’m trying to get at, is if you get a item that has just recently came out, even if it is exactly what you need, sell it as soon as you can, because the price is sure to go down in a few months. The things that are worth the most is usualy warrior axes, followed by swords, then bows.
A very under-looked form of Guild Wars economics is the material market. Now with the new material storage available in factions, it’s much easier to take advantage of, and right now is the absolute best time to invest. It’s much like the dye market, but much more profitable if you know how to play your cards right, maybe take a few risks. For example, from doing Yeti runs I get a lot of Tanned Hide, Glittering Dust, and Cloth. These alone are sure to jump up in price when a new expansion comes out. Why? Everybody wants to get new armor, everybody. So everybody will goto the trader and buy it out, making it sure to go up to at least 150 gold each for 10 instead of 100. But here’s the trick to getting a little extra, with the Tanned Hides and Glittering Dust I got for simply killing something, if I spend 50 gold and use 5 of each, I can get Elonian Squares, which aren’t used for anything right now…. Here’s a brief explanation
Cost of 5 Glittering Dust= 50 gold (10 sells for 100)
Cost of 5 Tanned Hides= 50 (Same story as above)
Cost of crafting Elonian Squares= 50 gold
So all in all you’re spending about 150 gold to craft it… but right now the game is selling Elonian Squares for 400 gold (I believe)… the price is bound to jump up to 1k when the game first comes out, so start investing.
Just use these simple examples and what not and I promise you’ll have a few extra plat in your pocket.