Gold Capped: The saronite shuffle

Want to get Gold Capped? This column shows you how. Join author Basil "Euripides" Berntsen, also of outdps.com, the Hunting Party podcast and the Call to Auction podcast.
Saronite Ore is cheap and plentiful. Prospecting it with a jewelcrafter used to be extremely profitable back before the introduction of the disenchant option in dungeons, and the price of Infinite Dust was floored. It was so popular that we had our own name for it: The Saronite Shuffle.
Well, it's back! It's no longer profitable to use it for making enchanting mats, however it sure is profitable overall!
Saronite Ore is cheap and plentiful. Prospecting it with a jewelcrafter used to be extremely profitable back before the introduction of the disenchant option in dungeons, and the price of Infinite Dust was floored. It was so popular that we had our own name for it: The Saronite Shuffle.
Well, it's back! It's no longer profitable to use it for making enchanting mats, however it sure is profitable overall!
There are a few keys to making the Saronite Shuffle work for you. Firstly, these days, you need access to an alchemist, ideally with Transmute Mastery. Mostly for your Transmute: Skyflare Diamond and Transmute: Earthsiege Diamond. Epic gem transmutation is limited to one every 20 hours, and shouldn't really be considered in your final profitability.
What to do with the greens?
Prospecting saronite will give you a lot of green quality gems. These are used for a variety of things. Meta gem transmutes, crafting greens for disenchant or vendor, and flat out cutting and vendoring. Here's an awesome visual guide, put together by Zamboni on the JMTC forums.
The first thing to note is that if, at any time, selling a green gem on the auction house would be worth more than whatever this diagram says to do, sell it on the AH. Most of these green gems are in high demand for a variety of reasons (like the JC dailies), and if you can save yourself some work and make extra profit by listing your raw gems on the AH, go for it.
You can see here that for all the green gems you will get, there's something you can do with them to make a little profit. If you add it all up together, it's considerably profitable. Low 70s green armor (like Sun Rock Rings) vendor for more than they tend to be worth after disenchanting, so aside from the initial prospecting, a lot of the steps you'll be taking can be done while afk.
You should prioritize your work based on profitability. Look through the AH and list any of these gems for sale if they're over what you'd make by processing them. Then look at the uncut meta gems, as do the two most popular raiding cuts (Chaotic Skyflare and Relentless Earthsiege). Transmute and cut the metas, and then decide whether you have the time to cut or craft the rest for vendor or disenchant. Generally, the price of dust has to be over 1.25g for disenchanting to be profitable. For most servers, that means vendoring will be the best.
What to do with the blues?
The blue quality gems you get are going to be the other side of your profits. You have a few choices: you can transmute one per day per alchemist (if you have an alchemist), and you can cut and vendor or cut and auction.
There's a vibrant and thriving market for blue quality gems. Any non-raiders who have temporary gear but just need to throw a cheap gem into some gear will buy these. Arguably, there are more of these casual people than serious end gamers. If you haven't already, invest a few JC dailies into learning some of the more popular cuts. Start with a red one, as the Scarlet Rubies are easily the highest profit margin.
Assuming you have that alchemist, you should choose your daily transmute carefully. The opportunity cost of your gem is going to be what you could have sold it for (raw or cut) instead. While transmuting a Scarlet Ruby into a Cardinal Ruby that sells for 200g may seem like a tempting choice, your eternal may cost 30g and you may have been able to sell a cut scarlet ruby for 50g. One of the other transmutes might have a better profit margin, costing you a low demand and low price gem blue gem (like a Twilight Opal) and yield a cheaper but still valuable Dreadstone.
Once you have your daily transmute done profitably and your obvious gems cut and auctioned, what do you do with the rest? Sometimes you'll see a gem that, on your server, never goes above 5g whether you cut it or not. Never sell them below a final price (after the AH cut) of 4.5g, because you can vendor any blue quality gut gem for that much.
The Saronite Shuffle is still profitable
The thing I like most about making gold this way is that I can adjust how much time I spend doing it. If I have barely any time in a week, I'll focus on my transmutes and relisting cut meta gems and epic gems daily. If I have more time to chew on my "create all" button, I'll blast out a bunch of auctions for cut blues, and vendor the non-profitable cuts.
[image credit: quinn.anya on Flickr]
Filed under: Economy, Gold Capped
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Reader Comments (Page 2 of 3)
Picviewer Apr 15th 2010 1:54AM
Guess what it's free if you mine it yourself instead of buying it.
Anuillae Apr 15th 2010 3:02AM
Nope, because it costs you time to farm them, when you cOuld be doing more profitable/fun stuff. It is NOT free.
Kona Apr 14th 2010 8:05PM
I have been using this for a while to get myself to the gold cap, get gems to transmute and sell and make meta gems. Titanium bars are also a great way to make money at 15g a stack of Saronite ore I can break even selling Titanium bars for 12 ( and they sell for 14-15 g) before procs.
Cephas Apr 15th 2010 12:02AM
This is awesome. I'm glad that there's this synergy between Alchemy and Jewelcrafting. It makes me think I made a good choice picking both. Oh, and being a Transmutation Master is pretty nice, too.
BritishBulldog Apr 15th 2010 2:52AM
Shhhhhhhhh.. Actually, so long as you don't inform my server of the real reason why their flasks are so expensive I can live without the shuffle.
It can also be said that it depends on your server economy as to whether enchant mats are profitable. I tend to cut them anyway and either vendor them or look on auctioneer and see if deing them is profitable
BritishBulldog Apr 15th 2010 2:54AM
Also as a side note (about the called to auction podcast)
HHHHHerb... !H!erb H erb... H H H H H H.. Not erb! It isn't a silent H!!! hHHHHHHHHHHHHHHHHhHhJHhHHHHHahHHHHHHerbs
Gnosh Apr 15th 2010 3:15AM
I see the word "British" in your name.
The "H" is now silent in the US. We get to keep one, after ejecting your silent O's (foetus), extraneous U's (colour) and strange vowel combinations (paedophile) from American English.
BritishBulldog Apr 15th 2010 3:33AM
Colour.
onetrueping Apr 15th 2010 5:36AM
Fight back, my fellow Americans! The Redcoats are trying to take back our liberated language!
jrizutko Apr 15th 2010 12:06PM
I'm so torn... on the one hand pronouncing the H in herb is obnoxious. On the other... Tom Billington!
Basil Berntsen Apr 15th 2010 1:20PM
Just for you, I'm going to start pronouncing it "hoyb"
BritishBulldog Apr 15th 2010 1:27PM
I'm not a southerner :( In fact, I'm near Yorkshire, so they pronounce it 'erb... Still... H... Also I'm so calling my child Basil... or Thyme, I'm torn
John Apr 16th 2010 7:49PM
how do poms pronounce hour?
we Aussies do it as "our"
Solanti Apr 15th 2010 2:56AM
It's only "free" if the value of your time is zero.
Solanti Apr 15th 2010 2:58AM
Sorry, was meant in reply to Picviewer above, stupid comment system.
Thoorin Apr 15th 2010 3:49AM
Icy prism requirement was lowered to 1 orb and 1 stone with the arrival of Frozo, down from 3 of each. But I still find it very borderline to make those, as you tend to get 1 or 2 blue gems quite often; it's very borderline with newfound uses for frozen orbs.
As for metas, the most popular raiding ones mentioned are not always a good business - AH campers make sure of that; expect to be undercut in a matter of 20mins most. Also the required elementals (Air and Fire) tend to be pricey.
I generally tend to AH my saronite ore, since there's veritable ARMY of morons who attempt the shuffle blindly not checking the profitability of the steps/options, and selling ore around 50-60g per stack then going back to mining it is just flat out faster than juggling stuff on my proffesion slave alts. And I still get nifty quantities of elementals and occasional gem or two while mining nodes... more profit.
Roy Apr 15th 2010 10:25AM
Heh well, if you can sell for that much you are doing the right thing. Saronite on my server is 12g 50s per stack of 20 ore. Pretty much the miners can smelt em to bars and vendor them for the same price ;-)
Sir Broose Apr 16th 2010 4:35PM
Often on my server, Saronite ore is BELOW the vendor price of half a saronite bar. Many times I have just bought out all the low priced Sar. ore, smelted it into bars and vendored it for a quick and tidy profit. Even worse, I often find Saronite BARS on AH for less than the price of vendor. I can buy them all, walk 20 feet to a vendor and resell them for a profit. I live on a server or clueless auction addicts.
etontrifle Apr 15th 2010 5:57AM
Agree with Rob.
I've been making glyphs for a couple of weeks and although the initial set up was a pita, I now have it down to an hour or so of 'work' every other day. I used to spend an hour or so most days on my mining alt but with saronite ore going for 12-15g a stack on my server it just wasn't a sensible use of my time.
I will admit that once you factor in the time I spend buying up frostweave cloth/saronite ore/core of earth/green boe's etc for my tailor/JC/Engy/Enchanter alts and a wee bit of AH flipping and...yup looks like I have a terminal case of gold-cap fever.
TarLord Apr 15th 2010 6:12AM
How could anyone make this photo with fingernails like that?