We were initially hesitant to post a buy order on titanium for several reasons. First of all, we hate to be obvious. As many of our readers e-mailed and commented, the Titanium market is seeing enormous inflationary price movement based on the coming changes in patch 3.2 that will allow Jewelcrafters to prospect Titanium Ore for raw epic Gems. Further, there is the issue of mass speculation and the effect this sort of buying can have on the market.
It is certainly no secret amongst the WoW community that the price of Titanium Ore is on the rise as the patch 3.2 changes have been widely reported on. The result, at this point, is a significant price spike in the prices of not just Titanium Ore, but the related bars, Titansteel Bars, and even (to a somewhat lesser degree) many of the items crafted from Titansteel. Since we started specifically tracking the three metal versions of Titanium early last week each has shown a significant rise in price on every server we checked. Predictably, the increase in the prices of the ore was highest while prices of bars and Titansteel bars showed respectively more modest increases. These rises in related items are most likely driven by a smaller supply pool of raw ore as both literal and figurative prospectors snatch up ore at the best prices they can find. This theory seems to fit the varying level of price increases and is further reinforced by the more modest price gains found in items crafted from Titansteel.
As we mentioned, Titanium Ore and related metals have already increased significantly in price and had done so by the time we entered the market. We were thus very hesitant to invest further as we’re not big fans of buying high. Nevertheless, invest we did rationalizing by saying it was only for testing purposes. The results, however, were surprising. Rather than finding that the already inflated prices were at a peak we found that there was more room for price increase. Every day for the past week we have bought the lowest priced ore, bars and Titansteel and repriced them at higher prices with the result that every auction sold. Thus, we conclude that prices are still on the rise and have not yet peaked. Now, or very soon, would be the time to sell Titanium bars or Titansteel bars and goods that you may have stashed in inventory. We hesitate to sell the ore at this point, however, as we foresee a massive increase in the days immediately following the release of the patch. It may be best to ride that wave and cash in then in terms of the ore.
A Word of Caution
We mentioned initially that we were reluctant to feature Titanium (in any form) as it is so popular at present. The other reason for our reluctance is that we have some experience in presuming an item would increase in price post-patch only to find that the best opportunities to sell were actually while everyone was stocking up in anticipation prior to the actual release of the patch. We caution that we may be seeing more of the same here. If the vast majority of players are stocking up on titanium goods now it is certainly possible that prices will stabilize upon the release of patch 3.2 and drop soon after. That said, the difference in this case is the fact that this ore now has a greater use in the form of prospecting that it didn’t have prior to patch 3.2 so the price increase, at least over historical levels, should have some relative permanence and durability. All this is to say that prices of titanium ore, and thus the related metals, will be higher than what we were accustomed to a few weeks prior although they may drop from their highest levels a few days after the patch is released. Ultimately, It will be a long time before we see low prices on titanium related metals again.