I am new to GW 2, i played for almost 500 h two years ago. I took a break bcs of burnout, i farmed much gold for all 3 salvage o matics, some bank tabs and storage,2 LW seasons and the Corn Gobler. I started the game after 2 years and all those things, all that hard work , is still there and valuable. In three days i made almost 200 g just by casual farming and selling ecto and materiales that i had in the bank. Come back from a big break in any mmo this days, and you will be broke, underleveled, underpowered and left behind. Not in Guild Wars. This is also related to the horisontal progression, thats why the traiding post has a fee. In some cases, especiallly if you are new and dont know the ins and outs, you can get poorer in the long run, by selling some items instead of salvaging them for materials and then sell those. Nice tips for new players. Cheers 🥂
Don't get discouraged, when you're around that many hours you're probably still in the point where you need to gear up different characters and builds. I always found gearing was a huge gold sink and would stop me accumulating gold. Now that I have full legendary (relatively recently), gold just tends to pile up.
Theres a lot of easy gold making methods, too many to list. This video only focuses on one way which is a bit of a thumbs down by my knowledge of the game.
Hey, i come from WoW and i just start a few weeks ago this game. I saw many videos or guides like " How to be rich blablabla" but your video is clearly a must-have-to-know for beginners like me or any kind of players ! Thanks a lot for what you said !
Welcome to GW2! I'm really glad you found this one useful. Getting your head around how to actually make gold in Guild Wars 2 is always one of the things newer players get caught up on. Shout out if you have any questions :)
Thank you for the video! I was struggling so much with farming gold as someone who's coming from ESO and WoW I was not aware how gold farming EXACTLY works in GW2, I struggled to have between 1-40 gold here and there, then after checking GW2Efficiency it said Im actually sitting on 4k gold I wanna cry.. Thanks again, I'm rich!
Would be really nice if people would actually go through the full process step by step of making these supposedly profit turning items. Any time I try it ends up costing me more than the sell value.
Gw2 community is extremely toxic around gold and no one will share their tips because "then they'll have to compete with others"... like they aren't doing that already anyways lol.
sharing mine method that kinda chill & for new player that have no expansion unlocked but only finished core story. 1.Type /wiki at chat > event timer 2. Look for timer at world boss , & play it 3. Got yellow/gold tirr unidentified gear 4. Identify it & then salvage it. 5. You will get glob of ectoplasm 6. Sell evrything to trading post if the demand price is not far apart with trading post price 7. Rinse & repeat everyday. Solid gold depends on how much you do it. At the same time you can build your magic finder. The target for this method is slow gand consistent gold. The video above is supergreat & you can slowly transit from what i mention to the one in thr vid above. Cheers🎉❤
Great points! Meta events are a fantastic way for new players to get gold. It's just a matter of converting the materials and items you get into gold which you can actually use that's the trick that a lot of new players miss.
Im still at hoarding phase because you wont know what u needed especially achievements purposes and thats why i have 4 character slots as a storage mule😅
The wiki is your best friend in terms of checking if you need to hold onto an items. Even still I have a handful of storage characters as well (mostly for extra ascended gear that drops from raids).
I haven't checked in a while, but I needed the help from gw2 efficiency craft calculator to check what was I missing to craft Vision and I saw I have almost 10k gold (insta sell) in my material storage (it's fully upgraded to max capacity, wich it's 2,5k). Well, I will not sell them anyway because I am getting started in legendary crafting (for me, not for sell) and I don't know what I'll need for armors (all 3 weights), weapons (I don't have any), backpack and rings.
Great video, I had no idea I was sitting on so much gold! But I'm curious about your hardware. The game looks amazing in this video and I'll be upgrading my computer for Xmas. What are the specs on the rig that produced this if you don't mind my asking?
well-said,,, still, if you look at gold-to-gems conversion rates, there is steady inflation there. I remember when 400 gems were long time sub 100 gold, look at this ratio now. Nevertheless, I agree with you that GW2 economy is very stable compared to other MMOs. Good content from you as always, thanks !
Thanks so much. You're totally right there has been some 'steady' inflation with the cost of gems with gold. However, even this isn't particularly bad. From around 2016 to now the cost of gems has been fluctuating between 30-50 gold per 100 gems. Just my theory but I think (some) of the reasons gems are more expensive now in terms of gold are: - The game is older so players typically have more gold on average (so they can spend them on gems which drives up the price) - Inflation is wrecking people IRL so it's far more appealing to spend gold to convert to gems rather than real money (which would drive up the price) Just a thought.
Maybe... some ... or more new or experienced players have started hanging to the gold to gems exchange... you can easily find enough gold farming videos on YT ... and everytime there is something new and or in on the gemstore the rate goes up ... like wirh the sale a few days ago
Hey Thanks for the for the Video.... Do you have one for how to easily get Research Notes..... Those I always struggle to get... I never have enough.....
I usually check the prices per research note from the fast farming website (fast.farming-community.eu/salvaging/costs-per-research-note). I then order the materials (enough to get me around 50k research notes at a time) and craft the gear (to automatically salvage) while I'm doing something else. My usual way gives me 5 research notes per craft (typically the cheapest) but you can speed it up by crafting cheap exotic gear which gives you much more per craft.
Very much this. For kitting out your characters with full exotics, you can spend around ~300 badges of honor at one of the WvW vendors in Lion's Arch. Sadly this puts a dent in the gear market, but it's great for players who don't have a lot of gold.
Exactly what deadvodka said. You can also purchase additional crafting licenses from the gem store so you can have more active on a character at once. I basically always just have multiple characters each with 2 disciplines though. You can easily cover all crafting disciplines with a handful of characters.
Yeah according to guild wars efficiency my account is valued at a measly 80,000k and it says I have 2K liquid and I'm like 2K liquid where? because I'm broke. Like efficiency. Please enlighten me on where that 2k liquid is. I could use the gold
Generally your liquid gold is going to be tied up in: - Your material storage - Bank (anything tradable) - Your characters (anything tradable) I always find my material storage is the easiest place to sell thing quickly to get some more gold in hand.
It still sells cause a good portion doesnt like WxW and PvP, so their only way to get the right gear is by going to TP or craft themselves, those casual player and not competitive players only go to WxW for that gift of battle i think for legendary weapon craft.
This! If you don't do a lot of WvW you probably wont have enough Badges of Honor to gear more than a character or 2. So there's still value in crafting gear. Plus, people still buy the stuff I craft so that says something.
The biggest issue with the current buying/selling situation is that there is no reasonable way to adjust the price of an item, other than just EATING the 5% listing fee, which is highly prohibitive. You should be able to make one downward price adjustment in an item if it is on for over 30, 60, 90 days (just pick one, any is fine) -- reset, and give it another 30, 60, 90 days.... (GW2 reasonably wants to restrict this, otherwise, you pretty much could use the TP for short-term storage.) The listing price should stay what it was, no value returned there... though the seller's fee should represent the end selling price. The problem with the current market design is that it leads to stuff being stuck in the auction house for months, or even years, without selling, because the current prices may be as little as half of what you priced it as. So you have a large sunk cost (the listing fee) to go with a sunk value -- the actual value of an item you want to sell (whatever the *actual* value -- "what that thing will bring") is. I had, at one point, about 300 gold tied up in items that had been priced slightly below the then-current market value (I had crafted specifically for value when leveling up a crafting discipline). But they never sold, because the price had been artificially inflated at the point I'd listed them, and I hadn't realized it. So 8 months later, the lowest price for the item was like 10-20 GP less than my listed price. Either I ATE the 5GP and then relisted it AGAIN for the current price, or I just suffered with it not selling, in the vague hopes that it would rise again at some point. This is moderately trivial for items in the 1-5GP range, but it gets seriously obnoxious when you are talking about items in the 40+ GP range... Sorry, this is BS -- lowering the price of something you want to sell is a standard aspect of any market economy, but GW2's TP utterly violates this principle. Personally, I think it's another excuse to just tie up value in a useless way and screw peeps who had a reasonable expectation of getting their value back in a reasonable time.
I do have a question but havent gotten an answer from anyone ive asked, i like to check my account value often and recently my account value has dropped drastically. From 56k to about 49.5k. The only major thing ive done on my account has been finishing coalesence , past that ive been doing my typical metas and weekly raids. Is there something im just missing?
So there can be several reasons for this but the most common one is fluctuations in gem prices because unlocked gem items are valued based on their current conversion rate prices on gwefficieny. Another reason might be that certain items are priced differently, especially BLT items or dyes that might "lose" their gold value affecting everyone's account value which has these items unlocked.
Gwefficieny also has a time machine function so you could compare the value of your account just before and just after the drop to see what the cause is.
@@Anthr0p1d thank you. thinking about it black friday was just last week. People probably buying a lot of gems raising the price. Now that the sales are ending the gem prices are stabilizing.
Yeah I do something similar. However in most cases just switching the crafting material in one tier is enough to increase its value. I don't have multiple accounts or multibox so for me the only problem in GW2 is the time-gate of the quartz. At least 4 per day would be decent.
This sounds like advice for people who have been playing for that last 5 years, have all their professions leveled to max..and are just grinding now for gold to get a new mount or transmog. Not for the player that getting started and is in no way to run raids or create celestial food.
this game is very much focused on horizontal progression, meaning : once you get exotic, you are pretty much ready to raid and do other endgame content (excluding fractals). All you need is a group that is willing to teach, or be patient. i think his point is kind of just that if you play the game and do what you enjoy, you will passively get these materials, which you can then turn into gold. also as far as foods go, if you google : Clairyx/Standard Raid Foods , it will bring you to the wiki and will show you some great options as far as budget food options go. the most expensive ones, while obviously best, are really only necessary for min-maxing, and you can do totally respectable damage with the budget versions. hope this was helpful!
You make more gold from strikes with less effort than you do from fractals and a bit pointless from the amount of time it takes to run T4s with pugs. He also failed to mention Arborstone, Dragonstorm and Convergence, alt chest parking. Theres alot more ways to make easy gold even with the wizards vault. PvP is a huge gold farm as well as fishing. And for those with magic tools, thats a gold mine as well. This video is a not how i would recommend new players to gold making methods so thumbs down by me.
Hoard everything like an Elder Dragon, got it.
Perfect!
ye
that's what I've been doing! I also never destroy things that seem to have no function until I am sure it is useless
Honestly the best "how the make gold" video I have seen since I play 8 years ago
Thanks so much mate! I really appreciate it.
Me, having just liquidated a bunch of T4 and T5 to make a mystic tribute for Aurora
"Yes yes sell everything, nice" 🎉
I am new to GW 2, i played for almost 500 h two years ago. I took a break bcs of burnout, i farmed much gold for all 3 salvage o matics, some bank tabs and storage,2 LW seasons and the Corn Gobler. I started the game after 2 years and all those things, all that hard work , is still there and valuable. In three days i made almost 200 g just by casual farming and selling ecto and materiales that i had in the bank.
Come back from a big break in any mmo this days, and you will be broke, underleveled, underpowered and left behind. Not in Guild Wars. This is also related to the horisontal progression, thats why the traiding post has a fee. In some cases, especiallly if you are new and dont know the ins and outs, you can get poorer in the long run, by selling some items instead of salvaging them for materials and then sell those. Nice tips for new players. Cheers 🥂
Im a new player to GW2 and this video helped a lot! Just started watching all of your other videos. Thank you!
You're most welcome!
1,500 hours and I have 90 gold.
I definitely need more vidoes like this.
Don't get discouraged, when you're around that many hours you're probably still in the point where you need to gear up different characters and builds. I always found gearing was a huge gold sink and would stop me accumulating gold. Now that I have full legendary (relatively recently), gold just tends to pile up.
Theres a lot of easy gold making methods, too many to list. This video only focuses on one way which is a bit of a thumbs down by my knowledge of the game.
@@connorconcarne thanks
@@connorconcarne
I have the legendary PvP amulet & backpack, I have the two legendary starter kits from the wizard vault but haven't started either.
32,560 g 64 s 35 c
8,532 g 95 s excl. gemstore items
On gw2 efficiency.
Hey, i come from WoW and i just start a few weeks ago this game. I saw many videos or guides like " How to be rich blablabla" but your video is clearly a must-have-to-know for beginners like me or any kind of players ! Thanks a lot for what you said !
Welcome to GW2! I'm really glad you found this one useful. Getting your head around how to actually make gold in Guild Wars 2 is always one of the things newer players get caught up on. Shout out if you have any questions :)
Making gold has always been an issue for me and I've been playing for almost 12 years now. This video gave me some great tips. Thanks!
No problem at all, glad I could help :)
nice editing and very chill vid! keep up the great work!
Thanks so much mate!
Was curious. So I sold EVERYTHING in storage that wasn’t account bound.
689g worth of shit I wasn’t using. Nice
Haha very nice. People always end up having HUGE amounts of gold tied up in their material storage.
Thank you for the video! I was struggling so much with farming gold as someone who's coming from ESO and WoW I was not aware how gold farming EXACTLY works in GW2, I struggled to have between 1-40 gold here and there, then after checking GW2Efficiency it said Im actually sitting on 4k gold I wanna cry.. Thanks again, I'm rich!
Would be really nice if people would actually go through the full process step by step of making these supposedly profit turning items. Any time I try it ends up costing me more than the sell value.
Gw2 community is extremely toxic around gold and no one will share their tips because "then they'll have to compete with others"... like they aren't doing that already anyways lol.
sharing mine method that kinda chill & for new player that have no expansion unlocked but only finished core story.
1.Type /wiki at chat > event timer
2. Look for timer at world boss , & play it
3. Got yellow/gold tirr unidentified gear
4. Identify it & then salvage it.
5. You will get glob of ectoplasm
6. Sell evrything to trading post if the demand price is not far apart with trading post price
7. Rinse & repeat everyday.
Solid gold depends on how much you do it. At the same time you can build your magic finder. The target for this method is slow gand consistent gold.
The video above is supergreat & you can slowly transit from what i mention to the one in thr vid above. Cheers🎉❤
Great points! Meta events are a fantastic way for new players to get gold. It's just a matter of converting the materials and items you get into gold which you can actually use that's the trick that a lot of new players miss.
Thank you. For a hoarder like me, this brought me out in a sweat! I need to go and sell everything now!
Thanks so much Pink! Glad I could be of service :)
Im still at hoarding phase because you wont know what u needed especially achievements purposes and thats why i have 4 character slots as a storage mule😅
The wiki is your best friend in terms of checking if you need to hold onto an items. Even still I have a handful of storage characters as well (mostly for extra ascended gear that drops from raids).
If you haven't, look into starting your own one person guild to have your own personal guild bank. You can still represent other guilds.
I haven't checked in a while, but I needed the help from gw2 efficiency craft calculator to check what was I missing to craft Vision and I saw I have almost 10k gold (insta sell) in my material storage (it's fully upgraded to max capacity, wich it's 2,5k).
Well, I will not sell them anyway because I am getting started in legendary crafting (for me, not for sell) and I don't know what I'll need for armors (all 3 weights), weapons (I don't have any), backpack and rings.
Great video, I had no idea I was sitting on so much gold! But I'm curious about your hardware. The game looks amazing in this video and I'll be upgrading my computer for Xmas. What are the specs on the rig that produced this if you don't mind my asking?
Thanks so much mate! Glad you enjoyed. In terms of my specs you can check my About section on my Twitch Channel. I'll have everything listed there.
well-said,,, still, if you look at gold-to-gems conversion rates, there is steady inflation there. I remember when 400 gems were long time sub 100 gold, look at this ratio now. Nevertheless, I agree with you that GW2 economy is very stable compared to other MMOs. Good content from you as always, thanks !
Thanks so much. You're totally right there has been some 'steady' inflation with the cost of gems with gold. However, even this isn't particularly bad. From around 2016 to now the cost of gems has been fluctuating between 30-50 gold per 100 gems. Just my theory but I think (some) of the reasons gems are more expensive now in terms of gold are:
- The game is older so players typically have more gold on average (so they can spend them on gems which drives up the price)
- Inflation is wrecking people IRL so it's far more appealing to spend gold to convert to gems rather than real money (which would drive up the price)
Just a thought.
Maybe... some ... or more new or experienced players have started hanging to the gold to gems exchange... you can easily find enough gold farming videos on YT ...
and everytime there is something new and or in on the gemstore the rate goes up ... like wirh the sale a few days ago
I horde mats, max level my crafting then sell everything. Then after that is just sell, sell, sell
RAIDs get you some gold!
I started joining practicing raids and loots are amazing.
Absolutely, if you can quickly clear raids then they are a fantastic source of gold. Especially with the wing that gives double gold each week.
I had no idea GW2 Efficiency would just tell me what my material storage is worth. Thanks!
You're so welcome. GW2 Efficiency is an absolute godsend.
Hey Thanks for the for the Video.... Do you have one for how to easily get Research Notes..... Those I always struggle to get... I never have enough.....
I usually check the prices per research note from the fast farming website (fast.farming-community.eu/salvaging/costs-per-research-note). I then order the materials (enough to get me around 50k research notes at a time) and craft the gear (to automatically salvage) while I'm doing something else. My usual way gives me 5 research notes per craft (typically the cheapest) but you can speed it up by crafting cheap exotic gear which gives you much more per craft.
salvage ascended items
A big part ad well would be to use currencies to spend less liquid gold on whatever you might need (gear, ascended weapons, clovers...).
Great point, any chance you have to use currencies instead of gold is a huge win.
Very much this. For kitting out your characters with full exotics, you can spend around ~300 badges of honor at one of the WvW vendors in Lion's Arch. Sadly this puts a dent in the gear market, but it's great for players who don't have a lot of gold.
do people still buy exotics? You can buy stat selectbles in wvw for dirt cheap, i think.
People still do. If you don't do a lot of WvW then you might not have many badges of honor to gear up multiple characters.
Never played GW2 but with the crafting is it like FFXIV where you can learn all crafting jobs or WoW where you only get a set amount?
Yes, you can learn them all on one character, but only have 2 active at a time.
I split them up on 4 characters so I have all ready at a go.
Ah very nice thank you!@@deadvodka
Exactly what deadvodka said. You can also purchase additional crafting licenses from the gem store so you can have more active on a character at once. I basically always just have multiple characters each with 2 disciplines though. You can easily cover all crafting disciplines with a handful of characters.
Yeah according to guild wars efficiency my account is valued at a measly 80,000k and it says I have 2K liquid and I'm like 2K liquid where? because I'm broke. Like efficiency. Please enlighten me on where that 2k liquid is. I could use the gold
Generally your liquid gold is going to be tied up in:
- Your material storage
- Bank (anything tradable)
- Your characters (anything tradable)
I always find my material storage is the easiest place to sell thing quickly to get some more gold in hand.
Crafting armor does still make sense since you can buy it for nothing at WvW merchant?
It still sells cause a good portion doesnt like WxW and PvP, so their only way to get the right gear is by going to TP or craft themselves, those casual player and not competitive players only go to WxW for that gift of battle i think for legendary weapon craft.
This! If you don't do a lot of WvW you probably wont have enough Badges of Honor to gear more than a character or 2. So there's still value in crafting gear. Plus, people still buy the stuff I craft so that says something.
So get to end game on a shoestring budget then make money
Thank you! You make me rich!!!!!!
No worries mate! I've got you.
vro is the gw2 economist
Haha why thank you.
The biggest issue with the current buying/selling situation is that there is no reasonable way to adjust the price of an item, other than just EATING the 5% listing fee, which is highly prohibitive.
You should be able to make one downward price adjustment in an item if it is on for over 30, 60, 90 days (just pick one, any is fine) -- reset, and give it another 30, 60, 90 days.... (GW2 reasonably wants to restrict this, otherwise, you pretty much could use the TP for short-term storage.) The listing price should stay what it was, no value returned there... though the seller's fee should represent the end selling price.
The problem with the current market design is that it leads to stuff being stuck in the auction house for months, or even years, without selling, because the current prices may be as little as half of what you priced it as. So you have a large sunk cost (the listing fee) to go with a sunk value -- the actual value of an item you want to sell (whatever the *actual* value -- "what that thing will bring") is. I had, at one point, about 300 gold tied up in items that had been priced slightly below the then-current market value (I had crafted specifically for value when leveling up a crafting discipline).
But they never sold, because the price had been artificially inflated at the point I'd listed them, and I hadn't realized it. So 8 months later, the lowest price for the item was like 10-20 GP less than my listed price. Either I ATE the 5GP and then relisted it AGAIN for the current price, or I just suffered with it not selling, in the vague hopes that it would rise again at some point. This is moderately trivial for items in the 1-5GP range, but it gets seriously obnoxious when you are talking about items in the 40+ GP range...
Sorry, this is BS -- lowering the price of something you want to sell is a standard aspect of any market economy, but GW2's TP utterly violates this principle.
Personally, I think it's another excuse to just tie up value in a useless way and screw peeps who had a reasonable expectation of getting their value back in a reasonable time.
"I've been playing gw2 for 11 years". Damn I just started gw2 1 month ago 💀
Maybe next a guilde for PvP/WvW players who spite PvE. I have limited play time and don't want to spend time in PvE.
How do you have so much Research Notes?
I just started playing a couple days ago and made 20k gold with my credit card not bad tbh
Thanks for supporting my game friend
Now you can take this explanation of hyperinflation and apply it to the real world cause that is exactly what is going on with fiat atm aka US dollar.
I just buy gems like 20€ every week and after some time i change to gold 💪
Bold of you to assume I need gold
I do have a question but havent gotten an answer from anyone ive asked, i like to check my account value often and recently my account value has dropped drastically. From 56k to about 49.5k. The only major thing ive done on my account has been finishing coalesence , past that ive been doing my typical metas and weekly raids. Is there something im just missing?
So there can be several reasons for this but the most common one is fluctuations in gem prices because unlocked gem items are valued based on their current conversion rate prices on gwefficieny. Another reason might be that certain items are priced differently, especially BLT items or dyes that might "lose" their gold value affecting everyone's account value which has these items unlocked.
Gwefficieny also has a time machine function so you could compare the value of your account just before and just after the drop to see what the cause is.
Don't include your gemsstore items value in total acc value and then you are fine
Rare Materials and Legendary parts are now part of the Wizard Vault. That's why some prices have tanked.
@@Anthr0p1d thank you. thinking about it black friday was just last week. People probably buying a lot of gems raising the price. Now that the sales are ending the gem prices are stabilizing.
I just throw away most of the stuff I don’t need. And play the game for fun and chill
Dps addon name pls
That's ArcDPS. I have a separate video guide on how to install it. th-cam.com/video/25NP4E5BYyg/w-d-xo.html
@@connorconcarne i saw video but alt shift T, wont work for me 😳 crit
Yeah I do something similar. However in most cases just switching the crafting material in one tier is enough to increase its value.
I don't have multiple accounts or multibox so for me the only problem in GW2 is the time-gate of the quartz. At least 4 per day would be decent.
Very true, more often than not just refining materials gets you some nice extra profit.
56 legendaries sheesh. How many hours of playtime do you have?
Around 10,000 hours over 11 years, never regretted a single second haha
This sounds like advice for people who have been playing for that last 5 years, have all their professions leveled to max..and are just grinding now for gold to get a new mount or transmog. Not for the player that getting started and is in no way to run raids or create celestial food.
this game is very much focused on horizontal progression, meaning : once you get exotic, you are pretty much ready to raid and do other endgame content (excluding fractals). All you need is a group that is willing to teach, or be patient.
i think his point is kind of just that if you play the game and do what you enjoy, you will passively get these materials, which you can then turn into gold. also as far as foods go, if you google : Clairyx/Standard Raid Foods , it will bring you to the wiki and will show you some great options as far as budget food options go. the most expensive ones, while obviously best, are really only necessary for min-maxing, and you can do totally respectable damage with the budget versions.
hope this was helpful!
Is it possibe to get guide on yhis for beginers ? ❤
get a job, pay chinamall $100 for 2000 gold
You make more gold from strikes with less effort than you do from fractals and a bit pointless from the amount of time it takes to run T4s with pugs. He also failed to mention Arborstone, Dragonstorm and Convergence, alt chest parking. Theres alot more ways to make easy gold even with the wizards vault. PvP is a huge gold farm as well as fishing. And for those with magic tools, thats a gold mine as well. This video is a not how i would recommend new players to gold making methods so thumbs down by me.
Yeah it comes across like a video for beginners, but goes into crafting at a level 500 items for profit. And you need t5 and t6 for those anyway.