We’ve previously explained our reluctance to write about already hyped up WoWenomic trends but our resident Jewelcrafter has recently weighed in to point out that he is just killin’ it these days with Titanium Powder.
Titanium Powder is the residue remnants of prospecting Titanium Ore. Ten of these powders can be turned in to Tiffany Cartier, the Dalaran Jewelcrafting supplier, for a single Dalaran Jewelcrafter’s Token. These tokens are then used to purchase various items and recipes of value to Jewelcrafters. Most recently, four tokens can be turned in for an epic gem recipe introduced in patch 3.2. The fact that these recipes are still so new to the game and the source material, Titanium Ore, is so high in price, creates an elevated demand for Titanium Powder.
Pricing, Prospecting and Powder
Our associate informs that he is generating huge profits by purchasing any Titanium Ore that falls below his bid level and immediately prospecting it and selling the proceeds. He claims to receive approximately one stack of 10 powder per 30 ore prospected. A rate that is roughly in line with the listed results on WoWhead.com. All told, he claims profits in excess of 150 gold per stack of titanium that he purchases. Provided he can gather or purchase enough ore below his bid level, this allows for an unbelievable amount of income in a very short time so we asked for his specifics. And he provided…
Bid level on stack of 20 Titanium Ore: equal to or under 300 gold
Sell price for single Titanium Powder: approximately 50 gold
Sell price for stack of 10 Titanium Powder: approximately 475 gold
The Big Money
So if he gets a stack of 10 powder (which he sells for 475-500) from approximately 30 Titanium Ore (at a maximum cost of 450 gold) we are left questioning where these ridiculous profits are coming from as this is only 25 to 50 gold. Still nice for zero effort but where’s the big money? That’s when he dropped the bomb… Titanium Powder is only a small part of the prospecting results. In addition to the powder, he regularly gets at least one epic gem per 20 ore prospected as well as 3-4 rare gems and 4-5 uncommon gems. As he’s a Jewelcrafter by trade (and not just an ore destroyer) he also cuts any gems that he has cuts for prior to listing in the AH. He sets his ask level for these items as follows (based on market conditions):
Uncommon gems: 1-5 gold
Rare gems: 5-12 gold (up to 50 for Scarlet Rubies)
Epic gems: 130-160 gold
Cut Epics: 190-380 gold
Let’s take the most modest of all those numbers (price and prospecting results): Assuming only 3 rare gems (and no rubies), 4 uncommon gems and a single epic per stack (not even counting cut epic gems) of titanium ore, all priced at the bottom of the chart above, we’re talking about an additional 148 gold. But wait, that math only accounts for a single stack of Titanium Ore but our previous numbers to reach 10 powder were based on prospecting 30 ore. This brings the total gem proceeds up to 222 gold. That’s 222 gold on top of the already 25-50 he’s bringing in from the powder (since we paid for the ore with our powder in this equation). Hot damn… those are some nice numbers.
Overall Strategy Tips
There are a few tips to making this strategy work for you.
- We advise only selling the powder in stacks of ten or singles. The ten stacks are the perfect amount for someone just trying to get an additional token quickly and the singles are the perfect increment for players that just need a few more powders for their next token.
- Don’t flood the AH with the dust or gems. Doing so will only cause the prices to drop faster.
- Speaking of which, this is a “limited time only” strategy. Eventually the prices of powder and epic gems will deflate or the market will otherwise normalize. Act now if you intend to cash in.
- Just like a drug (or junk bond) dealer, never get high from your own supply. Be patient and get your own tokens from the daily quest system. Don’t use your own powder for tokens since it sells for so much right now. Later, as prices of powder go down, you can use it in this fashion.
- Have patience; sometimes the powder or gems won’t sell during a posting cycle. Other times it will all sell out, at any price. People get desperate or greedy but it can be cyclic. Play the long game.
- Don’t try this on a single stack and expect exactly the same results. Our Jewelcrafting expert actually came up with these numbers based on spreadsheets that he uses to record his results and profits. Yes, he’s *that guy*. Anyway, he prospects hundreds of ore daily and the numbers he shared are based on his averages. In short, YMMV.
- This strategy assumes an understanding of, and strict adherence to, a solid bid/ask strategy the development of which requires some amount of common sense. We make no assumptions about the common sense level of the average WoW player. Consider this a disclaimer.
- The prices on your server may differ from those described above but the ratios and relative values are probably similar. Thus, use the above as a guideline but not exact price points. Do some homework and develop your own bid ask levels that work for your unique profit goals.
The Only Downside
Our Jewelcrafter asked me not to post the exact details under threat of incineration. His fear, and reasonably so, is that if this strategy becomes too popular then prices will drop faster and it won’t work any longer. I was actually hesitant to post this because he was pretty clear about his mortal threat to me but then I remembered that he plays a mage so I just LOL’d and posted it anyway. Of course, this assumes he was talking about in-game death. Perhaps I should have clarified…