Even changes to events can hugely impact profits. When minstrel cloth was new, I made 60 mil profit. Now with winter bolts I lost hundreds of thousands and had to claw my way back to breaking even. All because the drop rate system changed from random per event box to 'guaranteed 1 per day from the first box'
Unique items may be worth holding onto, like costume scraps or limited time furniture, etc. but common materials are a big risk. Updates also crash prices, like patch 44 increased the drop rate of some furnishing mats, lowering the value. Some items worth hundreds of millions have had their drop rate increased and dropped to like 100K value. Every investment is a risk.
Sadly, the 10 year anniversary event totally crashed the ESO econemy for material farmers. Great for buyers, until they also want to farm and realise they make 10x less gold per hour than last year.
Everyone that was holding them got what like 10x per plating or something like that…..sure the individual price dropped but 1. You no longer need to worry about upgrading jewelry and 2.The price dropped in near equivalence. Yes, the value went down a bit because it also had lowered demand. That’s also a very unique scenario though, I don’t think they’ve ever done anything similar to that with another material.
I've seen people make 100 million on smart yet lucky investments. I've seen people lose 100 million on smart yet unlucky investments. One example on PC NA is Platinum Dust was 120K per stack of 200, now is barely 25K. Some people saved tens of thousands of dust and lost like 75% of their investment.
@@jamicassidy7955 yea I agree, sadly the huge shift in the pc economy was a result of ZOS’s actions with the whole crown gifting thing. Those that liquidated their gold right before hand scored big.
2:00 hmm... As a new player for about a week now, i have harvested Columbine a few times, maybe 10 times... I had no idea it was worth that much. Although this alone wont do much to allow me to buy the house i want, it's still good to know
It's tedious work but the best thing at helping me get gold is making 10 characters and doing writs on all 10. Some days I quit after the 6 cp ones but I try to finish them most of the time. Also getting your legerdemain up and stealing items to sell to the fence. I can make 50k+ a day doin that. Also when a guild has chat giveaways snag anything u can and sell it in traders
You’re right to an extent…BUT….the value of items don’t all increase at the same rate. Example: scrib jelly value has done a 3x over the two years and Columbine has done a 6x. And you also have to consider the static purchases such as houses that can be purchased with gold that don’t change. As I told the other guy, the benefit really depends on what you’re going to spend your gold on. Personal tip: Columbine and Druegh wax fight the in game inflation better than any other items in the game (because their demand is ridiculously high). Holding onto them is a guaranteed win in the long run. Those are the two items I personally “invest” in.
nice video. i have just one thought. you need gold for your own spendings (if your not just earning gold for having gold). you can only spend your gold in the present with present prices. if you wait to earn gold you also have to wait to spend it and thus you do not really have plus
You’re spot on! As a PVP’r I’ve made the majority of my gold selling PvP equipment. You can save your high value materials and make large profits all the same. You just need to get lucky from time to time with the highly sought after weapon drops. Even the divines trait armor pieces for sets sell around 400k, on PCNA of course.
Also, in terms of spending. Things like the houses don’t increase in cost so there is still some benefit to holding over time. Additionally, new furnishing items often have a reduction in pricing over time after being released so it really depends on what you’re going to buy with the gold.
At the same time, as you said, at a certain point you have to sell something to make gold, what you can do is kinda make sure you will have enough gold for everything you may need, and then start stocking up on mats, cause even tho the normal flow is for gold to always inflate and mats to always be worth something, more and more, you cant really predict changes that zos does, like the platings, which became 10x more in game, but are now Not worth only 10x less, but 20x less (it should be 50k, before was 500k, but they are actually 25k, because you need 8 instead of 4 to gold jewelry). So as long as you keep somewhat up to date on incoming changes, I would agree that purely stocking up is the best strategy.
Yea, I can’t tell you how many gold videos I’ve had someone commenting how absurd the prices are because they play on console. All things considered though the items still hold the same value so they’re going to have an equivalent gold value with how far along the servers gold has inflated.
why I'm not surprised to hear this from a NA guy haha, the value of your gold you saved in materials.. it also gonna worth less over time so you gain nothing, basic math/economy
@@princeofdorne7643 pulling this from one of my other responses to give further insight. Yes the value will be lower for those items but you will have gained value in the long run(for some items). “You’re right to an extent…BUT….the value of items don’t all increase at the same rate. Example: scrib jelly value has done a 3x over the two years and Columbine has done a 6x. And you also have to consider the static purchases such as houses that can be purchased with gold that don’t change. As I told the other guy, the benefit really depends on what you’re going to spend your gold on. Personal tip: Columbine and Druegh wax fight the in game inflation better than any other items in the game (because their demand is ridiculously high). Holding onto them is a guaranteed win in the long run. Those are the two items I personally “invest” in”
@@VibeKnight10 it actually makes sense I admit, would you say that buying 500 telvar boxes is the best way to make money of my telvars? I got like 500k and been thinking how to turn them into gold
I would like to point out that in game inflation isnt constant, and is probably dependant on how many people are currently playing or even the influx of new players. If the game is shrinking then inflation, while still probably exists, would shrink as well. I personally dont feel like very many people play eso (check steam charts), but i don't have any frame of reference to be able to anecdotally say if it feels like the game is growing or not. I think a lot of people, like... A lot... Are scared off by the game's very aggressive monetization strategy and cash shop. It sure kept me away from the game for years.
0:30 Thus, selling Crowns for Gold is not smart... Gold for Crowns is a bannable, yet not enforcable, offense... Don't do it.... Why?? As stated, it causes inflation... That's Economics 101.... Also, not only is it skeevy and lo-class, it is selling what you don't own... You never OWN any part of ESO.... Read the End-User Licensing Agreement... You bought ACCESS, not software... You can't sell what you don't own... If I tried to sell my apartment building (Even though I paid rent to access the living space...) they'd lock me up and throw away the key...
At the end of the day we’re all just enjoying something that can be taken away in an instant. But that’s what we all signed up for👍. I’ll play the game until they decide to close it.
The devs earn money every time crowns are exchanged for gold, so of course nobody gets banned for it. Hell, they even earn money for each person who sells gold for real money, since both people bought and play the game.
Even changes to events can hugely impact profits. When minstrel cloth was new, I made 60 mil profit. Now with winter bolts I lost hundreds of thousands and had to claw my way back to breaking even. All because the drop rate system changed from random per event box to 'guaranteed 1 per day from the first box'
Unique items may be worth holding onto, like costume scraps or limited time furniture, etc. but common materials are a big risk. Updates also crash prices, like patch 44 increased the drop rate of some furnishing mats, lowering the value. Some items worth hundreds of millions have had their drop rate increased and dropped to like 100K value. Every investment is a risk.
Sadly, the 10 year anniversary event totally crashed the ESO econemy for material farmers. Great for buyers, until they also want to farm and realise they make 10x less gold per hour than last year.
“Crafting materials will increase in value over time.”
Jewelry gold plating: “Hold my beer…”
Everyone that was holding them got what like 10x per plating or something like that…..sure the individual price dropped but 1. You no longer need to worry about upgrading jewelry and 2.The price dropped in near equivalence. Yes, the value went down a bit because it also had lowered demand. That’s also a very unique scenario though, I don’t think they’ve ever done anything similar to that with another material.
I've seen people make 100 million on smart yet lucky investments. I've seen people lose 100 million on smart yet unlucky investments. One example on PC NA is Platinum Dust was 120K per stack of 200, now is barely 25K. Some people saved tens of thousands of dust and lost like 75% of their investment.
@@jamicassidy7955 yea I agree, sadly the huge shift in the pc economy was a result of ZOS’s actions with the whole crown gifting thing. Those that liquidated their gold right before hand scored big.
2:00 hmm... As a new player for about a week now, i have harvested Columbine a few times, maybe 10 times... I had no idea it was worth that much. Although this alone wont do much to allow me to buy the house i want, it's still good to know
It's tedious work but the best thing at helping me get gold is making 10 characters and doing writs on all 10. Some days I quit after the 6 cp ones but I try to finish them most of the time. Also getting your legerdemain up and stealing items to sell to the fence. I can make 50k+ a day doin that. Also when a guild has chat giveaways snag anything u can and sell it in traders
your point at 1 min... yeh you're getting more gold when you hold on to something, but your gold is also worth less... So you've gained nothing.
You’re right to an extent…BUT….the value of items don’t all increase at the same rate. Example: scrib jelly value has done a 3x over the two years and Columbine has done a 6x. And you also have to consider the static purchases such as houses that can be purchased with gold that don’t change. As I told the other guy, the benefit really depends on what you’re going to spend your gold on. Personal tip: Columbine and Druegh wax fight the in game inflation better than any other items in the game (because their demand is ridiculously high). Holding onto them is a guaranteed win in the long run. Those are the two items I personally “invest” in.
The things you're talking about is the absolute base. Great video, thanks!
facts. 3 yrs ago i bought a few hundred master jewelry writs for 200-500 each and now theyre all worth 15k -75k
nice video. i have just one thought. you need gold for your own spendings (if your not just earning gold for having gold). you can only spend your gold in the present with present prices. if you wait to earn gold you also have to wait to spend it and thus you do not really have plus
You’re spot on! As a PVP’r I’ve made the majority of my gold selling PvP equipment. You can save your high value materials and make large profits all the same. You just need to get lucky from time to time with the highly sought after weapon drops. Even the divines trait armor pieces for sets sell around 400k, on PCNA of course.
Also, in terms of spending. Things like the houses don’t increase in cost so there is still some benefit to holding over time. Additionally, new furnishing items often have a reduction in pricing over time after being released so it really depends on what you’re going to buy with the gold.
At the same time, as you said, at a certain point you have to sell something to make gold, what you can do is kinda make sure you will have enough gold for everything you may need, and then start stocking up on mats, cause even tho the normal flow is for gold to always inflate and mats to always be worth something, more and more, you cant really predict changes that zos does, like the platings, which became 10x more in game, but are now Not worth only 10x less, but 20x less (it should be 50k, before was 500k, but they are actually 25k, because you need 8 instead of 4 to gold jewelry).
So as long as you keep somewhat up to date on incoming changes, I would agree that purely stocking up is the best strategy.
Very well said!
Let’s goooo ❤
Brutal. NA is about 80% over EU prices. Columbine you can still find for 1900 gold.
Yea, I can’t tell you how many gold videos I’ve had someone commenting how absurd the prices are because they play on console. All things considered though the items still hold the same value so they’re going to have an equivalent gold value with how far along the servers gold has inflated.
@@VibeKnight10 Boomers and other morons don't understand inflation as a concept IRL either...sad.
Correction, in game economy's such as the one in ESO can actually crash just like the real economy can.
Probably….I feel like a crash in ESO would mean the end of ESO though. That or some serious game function overhauls.
On the European server, the price of Columbine is ~1000-1200 gold :(
why I'm not surprised to hear this from a NA guy haha, the value of your gold you saved in materials.. it also gonna worth less over time so you gain nothing, basic math/economy
@@princeofdorne7643 pulling this from one of my other responses to give further insight. Yes the value will be lower for those items but you will have gained value in the long run(for some items).
“You’re right to an extent…BUT….the value of items don’t all increase at the same rate. Example: scrib jelly value has done a 3x over the two years and Columbine has done a 6x. And you also have to consider the static purchases such as houses that can be purchased with gold that don’t change. As I told the other guy, the benefit really depends on what you’re going to spend your gold on. Personal tip: Columbine and Druegh wax fight the in game inflation better than any other items in the game (because their demand is ridiculously high). Holding onto them is a guaranteed win in the long run. Those are the two items I personally “invest” in”
@@VibeKnight10 it actually makes sense I admit, would you say that buying 500 telvar boxes is the best way to make money of my telvars? I got like 500k and been thinking how to turn them into gold
I would like to point out that in game inflation isnt constant, and is probably dependant on how many people are currently playing or even the influx of new players. If the game is shrinking then inflation, while still probably exists, would shrink as well. I personally dont feel like very many people play eso (check steam charts), but i don't have any frame of reference to be able to anecdotally say if it feels like the game is growing or not.
I think a lot of people, like... A lot... Are scared off by the game's very aggressive monetization strategy and cash shop. It sure kept me away from the game for years.
I like this point because it’s very true. Especially if players that are loaded quit.
0:30 Thus, selling Crowns for Gold is not smart... Gold for Crowns is a bannable, yet not enforcable, offense... Don't do it.... Why?? As stated, it causes inflation... That's Economics 101.... Also, not only is it skeevy and lo-class, it is selling what you don't own... You never OWN any part of ESO.... Read the End-User Licensing Agreement... You bought ACCESS, not software... You can't sell what you don't own... If I tried to sell my apartment building (Even though I paid rent to access the living space...) they'd lock me up and throw away the key...
At the end of the day we’re all just enjoying something that can be taken away in an instant. But that’s what we all signed up for👍. I’ll play the game until they decide to close it.
@@VibeKnight10Someday, you'll be right... But that day will be no time soon...
The devs earn money every time crowns are exchanged for gold, so of course nobody gets banned for it. Hell, they even earn money for each person who sells gold for real money, since both people bought and play the game.