by g1real » Sun Oct 04, 2009 9:48 pm Potjeh wrote:Oh, I'm well aware of the low success ratios when smelting gold. But let's do some math: gold success ratio is 1:400, iron is 1:10. Ignoring supply and demand, this places value of one gold bar at 40 cast iron bars. Cast iron is worth 1/4 to 1/6 wrought, depending on vendor. So let's take the average of 5, and say that a gold bar is worth 8 wrought bars. One steel is almost universally priced at 3 wrought (when q is irrelevant), which sets the price of gold at 1 gold for 2.66 steel. Converted to nuggets, taking 10 as the average value, that's .266 steel for one nugget. Let's round it to 1/4, though that is slightly unfavourable for the gold producer.
So, value of a gold nugget labour-wise is 1/4 of a steel bar, and you're asking for 10 bars. That's a 4000% profit margin. I can respect that supply and demand has great influence over the final price, and I understand that the effort to find a gold mine is worth something, even if it's a one-time cost. But 4000% is still ridiculous, no offence.
We might trade in the future when your prices go down, as I'm sure they will. Till then, good luck with your business.
I'm afraid it doesn't work like that dear.
Only gold has gold right now, and access to those rings, and almost everyone has access to steel and iron by now.
In fact I think I'm going to grab me some steel bars right now to trade with him, I like extra stats and my ring slot needs filling
