The Secondary Market of TitaniumAs we discussed a few days ago, Titanium Ore prices are at an all time high. As a result, the going rate for Titanium Bars is also experiencing a surge.
The WoWenomics team was discussing this price spike the other night when the conversation took an interesting turn. Our resident enchanting expert mentioned that he is seeing some benefit from the Titanium rush as it has allowed him to double his normal price for the vellums of Enchant Cloak- Titanweave that he regularly sells. He usually stocked about 20 Titanium Bars of which the enchant only requires two so he is still working off his stock but even if he had to purchase the bars at the AH at today’s high prices he would still be reaping a hefty profit. He presumes that players are willing to pay the higher prices because they assume that his costs for materials must have skyrocketed so the premium must be fair. The high Titanium prices, he says, also have the additional benefit of driving away competing enchanters who are, apparently, hesitant to spend the gold on the inflated Titanium thus further allowing him to dominate the market.
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