This week saw the WoW Token reach record breaking heights of over 400k for EU. We look at the impact of the token and how it affects gold making. We also have a direct comparison as to how the Token in Classic is actually plummeting and the ways you can make gold there. Plus we discuss the ramifications of what a region wide Auction House will look like.
My name is Samadan and I’ll be your guide through the World of Gold Making!
Soaring Token Prices
This week was an interesting week for the price of a WoW Token as we saw it rise to the heady heights of over for US and for EU …
Graphs courtesy of wowtoken.app
It’s not surprising really when you look at what phase of the game we are in…
- The expansion has been out a while, even with regular content updates.
- Diablo IV is still fairly recent and popular.
- Summer sales have kicked off.
Simply, now is the perfect time to spend gold on other things with Bnet balance and there is not a lot of things in WoW right now that need a lot of gold to progress. It will likely go down a little with 10.1.5 and the new mega dungeon, but unlikely to make a real dent.
Of course, this has a knock on effect of making it harder to make gold in-game to pay for game time.
Alt Armies for Gold Making
On the flip side of the soaring Token price, now is also the perfect time to be levelling up Alts. We cover this often in past Economy blogs and Zanzarful has a great video on why he loves to make an alt army and how he’s using the Alchemy and Tailoring cooldowns to make gold…
Classic Flipping
If you want to just pay for game time with gold, many have turned to Classic since the introduction of the token there as the price of the token has been pushed down largely thanks to GDKP incentives to buy gold at the top end for gearing up..
Graph courtesy of classic.wowtoken.app
Myself and many others have tried this out with varying levels of success. Bilis Onyxia has made some fantastic progress in just a month starting from zero on EU …
Yesterday, I finished the first 30 days on my “new” WotLK realm.
My goal was to see how difficult it would be to make enough gold for a WoW token, starting from zero.According to the Ledger -> Resale tab I ended up making 21,431g68s40c profit. WoW are ~7.5k on EU 🙂 pic.twitter.com/G5oLYp6g1N
— BilisOnyxia (@BilisOnyxia) June 30, 2023
However, the Resale tab does not account for gold lost on deposits, so it’s not entirely accurate.
To get a better idea of how much I made, I checked the Inventory tab. I set the market value to first(SmartAvgBuy, VendorBuy) to see how much I paid for the items I have in stock.
At the time of taking this screenshot, I had spent 16,743g25s71c for the items I had in stock and I had 2,254g84s90c liquid gold.
Combined that’s 18,998g10s61c. It seems like I spent roughly 2.4k gold on deposits.
Still, 19k is enough gold to buy more than 2.5 tokens!
Curious to see how the second month will go, now that I’m not starting at zero anymore.
Speaking of starting at zero, I’ve also just started on three additional realms. Let’s see if I can make enough gold for a token on those realms as well 😃
This is a fantastic achievement and goes to show how you can apply old school gold making methods in WotLK Classic to build inventory and sell on the AH.
Of course, you don’t need to limit yourself to flipping. BaconBits has had equal success going out and farming …
Goldmaking in #wrathclassic #wotlk has been insane since the token dropped. 22k in profit, with 4 tokens purchased along with epic flying. Hoping for 2 more tokens before the end of the month. Check out my twitch and YT channels (baconbits078) to see how I’m making gold. pic.twitter.com/KAl8nVUhcj
— 🐷 baconbits 🐷 (@Baconbits078) June 27, 2023
The bulk was gathering (mining, herbing, fishing). The only flipping has been buying ore to turn into bars when the price is right.
We can see here there are ways to make gold in a variety of methods, all equally viable and it’s up to you as a player to find what you find fun and go for it!
Region Wide AH is Coming!
In light of last weeks news of opening up trading between characters on different realms, Manthieus has put together his thoughts on how a region wide Auction House will look and where things are headed …
What’s great about this video is he uses the current situation and demonstrates how a region wide auction house will affect the economy for everyone.
As a gold maker, we rely on individual niches in order to make a profit. If those same niches get condensed into one pool, then the competition over those niches gets much more fierce and prices plummet.
The overall effect is great for the average player as prices get reduced to the lowest common denominator, but opportunities for making gold are reduced to the most cut throat bulk buyers. I liken it to how your local corner shop gets put out of business when the big retail supermarket comes into town. Convenience comes at a price.
What do you think? Are you looking forward to a region wide Auction House?
Further Reading
Most of this information was discussed and originally posted on the /r/woweconomy subreddit or in the accompanying Discord Server.
I hope you found this useful and If you have any suggestions or feedback, please do say so in the comments below..
Until next time, Happy Goldmaking!
Samadan
