Silver

Guest · Post by **Guest** » 28.04.2007, 22:29

is silver the only metal you can make money at?
The price of stones has fallen so far I want to use my mines to make something else.
but i use the coal, minerals and iron for my other factories,
So that only leaves gold, diamonds and silver but for some reason the market prices of everything is lower than I can make it for, except silver.

Why is that?

Guest · Post by **Guest** » 29.04.2007, 00:02

Because they are really crappy markets.

Guest · Post by **Guest** » 29.04.2007, 01:06

make gold and send it to me, I buy it for 70

Guest · Post by **Guest** » 29.04.2007, 01:11

what?!

The production price of my coal is like, one kapidollar, if that.

I use a power plant to help subsidize the costs (say what you want about opportunity cost, if you want. I'm just selling my power with my coal in that way).

It helps somewhat that I've concentrated in this industry. Have prices fallen? Sure. But profits are still up and I've just added a few new mines that will be undergoing expansions soon (I also make my own steel, too, and can sell this steel for a pretty darn good profit if I need a quick influx of cash)

What you can do is switch everything over to coal/iron/minerals and make your factory products cheaper. This also means more kapidollars for you, as well, because your production costs are lower.

Guest · Post by **Guest** » 29.04.2007, 02:59

I use a power plant to help subsidize the costs (say what you want about opportunity cost, if you want. I'm just selling my power with my coal in that way).

That's cool as long as you know you're doing it. Too many people live and die by the "cost" column in their warehouse, and make some poor decisions because if it. Especially with coal, you'll be good though.

Back to dbsuma: Gold and Diamonds are bad, they just are. Silver is no great shakes either. Tell us again why you can't make extra coal, iron ore, or minerals and sell it?

Guest · Post by **Guest** » 29.04.2007, 08:44

Knolls wrote:
I use a power plant to help subsidize the costs (say what you want about opportunity cost, if you want. I'm just selling my power with my coal in that way).
That's cool as long as you know you're doing it. Too many people live and die by the "cost" column in their warehouse, and make some poor decisions because if it. Especially with coal, you'll be good though.

Well, I've actually built and demolished about 10 power plants before realizing this fact, because even the small powerplant I have isn't enough to keep up with my demand, I thought it wasn't worth it.

Then I decided that I needed one after it was destroyed, but then decided I didn't need one after I built a new one, ad infinitum until I concluded that having one actually makes me some money and diversifies my portfolio in case the coal market crashes by some cosmic wonder.

Plus I'm actually seeing great savings with it some days, with power being like it is now (9-10 cents a unit).

By no means can I sustain everything, though. Not now, anyway.

This same theory should be applicable to other products too. Gold and silver can be sold so cheap because it can be produced cheaply enough if everything is in place.

The only thing is its kind of silly to produce these goods when you can make a better profit off selling the raw materials.

Guest · Post by **Guest** » 29.04.2007, 10:35

Silver? I wouldn't hell of a load power for so little Silver n you sell each one for about 60 say, Steel uses hardly any power compared to silver. You can sell steel for 130 each now. Silver is hardly worth it I think

Guest · Post by **Guest** » 30.04.2007, 15:55

Rawdon wrote:Silver? I wouldn't hell of a load power for so little Silver n you sell each one for about 60 say, Steel uses hardly any power compared to silver. You can sell steel for 130 each now. Silver is hardly worth it I think

you also need coal, iron and chemicals for producing steel, not mentioneing that you also need another building, but all he wanted was to find some use for his mines

Guest · Post by **Guest** » 30.04.2007, 19:07

Well, there is Quartz.

Guest · Post by **Guest** » 01.05.2007, 05:50

Knolls wrote:
Back to dbsuma: Gold and Diamonds are bad, they just are. Silver is no great shakes either. Tell us again why you can't make extra coal, iron ore, or minerals and sell it?

I have 3 factories so I use up all my coal, iron and minerals soon as I get them but sometimes I have enough, so I started selling extra stones but then the market fell.

Yeah, I tried gold and dimonds but it cost me more than I could sell them for, silver seems to be the only one but it cost so much power I'm not sure it is worth it in the long run.
Sure you can sell it for more money but it also costs you more money.
I guess I'd have to do the math and figure out if I'm making more money with silver or stones but at least it is an alternative.

I guess silver would be good though since there are few people posting that, so there is less competition, so I can sell it for more money.

OK, let me look, since I'm at it.

Stones 5 kWh Power 1 Liter Water
Silver 750 kWh Power 90 Liter Water

Power = 0.03

Guest · Post by **Guest** » 01.05.2007, 09:48

LOL, why do you think that nobody posts silver? There is less competition because nobody wants it, it's only purpose are 2 kinds of jewels, I produce jewels, gold is profitable but silver.... no way I tried it with diamond rings (the only thing we need diamonds for, and diamonds are down also) and silver necklaces suck big time, only watches and golden necklaces are good

Guest · Post by **Guest** » 01.05.2007, 14:16

[quote]Stones 5 kWh Power 1 Liter Water
Silver 750 kWh Power 90 Liter Water

Power = 0.03

Guest · Post by **Guest** » 01.05.2007, 17:08

Place the power plant and green and you'll cut your costs by quite a bit, espcially for silver.

However I really can't see silver being very profitable though,compared to other stuff.

You can start selling extra steel, though.

The savings of producing your own coal and iron mean more money for your steel sales, really.

Wait. WHat is your mining capacity anyway?

Guest · Post by **Guest** » 01.05.2007, 22:05

orval wrote:LOL, why do you think that nobody posts silver? There is less competition because nobody wants it

Sure it takes longer to sell than stones certainly but I've posted silver a number of times and it has always sold.

Knolls wrote:Now calculate making stones and selling them plus selling the extra 745 power and 89 water instead of using it.

I don't make enough power to sell yet, but if you insist, OK,

Silver profit 36.16 per unit
Stone profit 7.52 per unit

Power Production costs: 0.03 per kWh
Power market price 0.06
Power profit 0.03

Water production cost: 0.02
Water power cost 0.1 kWh Power (0.03)
Water total cost 0.05
Water market price 0.06
Water profit 0.01 per unit

so you'd still make 36.16 with silver
But if you sold one unit of stone instead plus the 745 power and 89 water then you'd make
Stone 7.52
745 power 22.35
89 water .89
Total 30.76
But counting the 10% market fee which should be constant regardless.
So you'd still make 5.40 more on silver.

HEY? You guys know you are losing money by selling water?
if you are only making .01 after you figure cost and ther is a 10% fee....

1000 units of water @ .01 profit = 10
10 - 10% fee = 9
Hmmm but my warehouse only says .02 for the production cost and must not count the power it takes to make the water.

Is that a bug?
Is that for every product or just water?
Cause I do have to use power to make water
And the production costs does say .02

Water
Required: 0.1 kWh Power
Quality max: 0 Production costs: 0.02

Guest · Post by **Guest** » 01.05.2007, 22:33

excuse me for saying this, but the way you look at it is almost wrong in every aspect
try to calculate the profit per hour, not per unit, cause your factory works per hour, if you calculate prices, all ingredients should be considered @ market price, not production price although you made them yourself, eventually you will be better of for some products to purchase them at the market price instead of producing them yourself, even if they seem more expensive