I've been doing the "modified saronite shuffle" (buying cheap gems and eternal earths, crafting rings/necks, and vendoring them for a 50s-1g profit) as a way to make some quick gold while getting back on my feet after a server transfer. When I first got to the server there was a plentiful supply of sub 4g eternal earths, and I snapped them all up. But now, the prices seem to have skyrocketed. For the last week or so, prices aren't getting below 6g or so (where I'm at break even or losing gold depending on if I can find VERY cheap gems). I've built up a large supply or orange/yellow/red gems (500+ sitting in my bags atm), but I have NO eternals left. I don't want to get stuck with all these gems, but the prices on the eternals would leave me at a fairly large loss if I bought them, and farming up enough eternals would take forever, and I don't have the time for it.
Is there something I can do to either A) bring the price of eternals down or B) repurpose my gems. Gem prices aren't high enough for me to make a profit on selling them off. I probably don't have enough gold (a bit over 6k) to manipulate the eternals market, and I don't have the time to farm up eternals.
I have access to 450 JC/LW/Mining/Skinning - not sure the LW/Skin are much help here.
I checked my server the day of this post just to be sure and the eternal earths had not changed one bit since frozen orb changes were announced. As I explained to Stig, I believe this was simply a strange move by locals on his server attempting to raise the price of eternal earths to that of frozen orbs. Now this is an impossible task because even though frozen orbs are technically worth one eternal earth (technically not because this is not the best value for an orb), some person(s) believed that it was wise to buy them up and relist for the price of a frozen orb.
If this theory is incorrect, then the only explanation is that you are just buying too many and creating additional demand for the earths and thus the price goes up. You could stop buying them for a few days until the price gets back down to below what you're looking for. Perhaps even several people have decided to do exactly what you're doing and they will most likely stop buying as well while they wait for the price to go down.
I would suggest that Stig makes use of trade chat to help get eternals a little cheaper, and offer slightly more than the 4 gold normal that he is used to. Regardless of why the earths are cheaper, you should make use of trade chat and wait for the prices to drop again.
Thanks for the question Stig, anyone here have additional thoughts/comments they'd like to add?