i am trying to increase the profit of golden jewelry items so please do not sell on the market for below 9000 + 100*Q for golden necklaces and not less that 11,000 +100*Q for golden watches. That way, for someone to buy off the market and sell in a store, they will have to sell for above that price. If someone would like to assist me in raising the jewelry prices, or has and good ideas, let me know.
"Suppliers Inc."
ATTENTION to all golden jewelry producers
Moderator: moderators
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this is very important i think in the grand scheme of things to raise the price on the market. If someone buys something for 7000 they can sell it for 8000 and make their profit, whereas if they buy for 9000 they will have to sell for something like 10000 to make at least a decent profit. I am not saying to increase the contracts you may have, but if you send it to the market, please keep these prices in mind. This is for all of our futures (jewelers that is) the higher the items are sold on the market for, the higher they wil;l be sold in the stores which ultimately will lower the time to sell with higher prices...
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the next step i believe is to start selling the items at a higher price via contract. How does this sound to you guys, will anyone help me? I believe the going rate is now around 3700 = 100*Q right? Well how about we raise this price to 4000 + 150*Q. Anyone on board with me. Just out of curiosity, who all is selling golden necklaces via contract?
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I have to agree with you.
People are unreasonable when selling jewlery. Gold is a very precious material lately and is also very expensive to make. From my calculations current market value of gold should be around 280c per unit of Q0. If it is lower then it is better to make stones in mines.
With price of gold this high I can't understand why people sell jewlery for quite low prices. I am surprised that maximum average price (12000c) is not an everyday standard....
People are unreasonable when selling jewlery. Gold is a very precious material lately and is also very expensive to make. From my calculations current market value of gold should be around 280c per unit of Q0. If it is lower then it is better to make stones in mines.
With price of gold this high I can't understand why people sell jewlery for quite low prices. I am surprised that maximum average price (12000c) is not an everyday standard....
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Are u sure??????stajny wrote:From my calculations current market value of gold should be around 280c per unit of Q0. If it is lower then it is better to make stones in mines.
based on market price of .2 for water and power for Q0.....
stone => 5X.2 + 1X.2 + 1.8 = 3 caps to produce. sells @ ~ 24.
multiplier - 8 times (24/8),
gold price - 850X.2 + 90X.2 + 9 = 197 caps to produce.
to match stone profitability - times multiplier of 8 => 8X 197 = 1576
gold necklaces prod. cost - 30X1576 + 500X.2 + prod cost
red = 47410c ---- green = 47390c
gold watches ~ approx 15800 more = 63210c
if the producer makes power + water
gold (red power) 36.3 to produce (stone EQ = 400)
gold (green power) 19.3 to produce (stone EQ = 212.3)
buys power
gold 182.6 to produce
buys water
gold (red power) 52.5 to produc
gold (green power) 35.5 to produce
buys power and water - 197 (stone EQ = 1576)
mmm, 280 is a good price only if you can produce the power and water needed yourself and the power plant is in green.
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Nope. 280c is just right.
With current market prices of:
Power: 0,21c
Water: 0,22c
Stones: 23c
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Cost to produce stones:
5*power + 1*water + production cost
5*0,21 + 1*0,22 + 1,8 = 3,07c
Cost to produce gold in Q0:
850*power + 90*water + production cost
850*0,21 + 90*0,22 + 9 = 207,3c
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Now to the profits.
Stones are sold for 23c. So profit per unit is 23 - 3,07 = 19,93c
In mines you can either produce 1 unit of gold or 3,33 units of stones. Both of these takes the same time. We are looking for equilibrium profit per time, not per unit. So from gold we should expect the same profit as from 3,33 units of stone. Profit per unit of gold should be 19,93 * 3,33 = 66,37c
Then we have to put production cost and expected profit together 207,3 + 66,37 = 273,67c <- this is current equilibrium price of gold
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But still I haven't calculated market fees. When someone puts 3,33 units of stone at the market for 23c, he will have to spend 2,3c per unit for market fees. Real profit from 3,33 units of stone then is 58,7c.
As gold costs much more and 10% market fee makes more you have to put gold at market for at least 296c to make the same profit with gold and with stones.
Sorry jin but I just couldn't help myself. You can't imagine how iritated I am when I see some "dummies" selling gold at market for low prices. Of course it is good for me, I can make higher profit but there are others who buy it for low, turn it into jewlery and sell this jewlery for low price too. And that cuts my profits....
Jewlery prices are very sensitive on power prices. I don't believe power price will go down in future. And even if it will, we can't expect it to go down significantly. So we have to use gold we have wisely. Turn it into the finest jewlery possible and sell it to NPCs for as much as possible. Jewlery is not about quantity, it is about quality.
Just one example: Once all my jewlery stores finish expansion I will be prepared to sell 60k necklacess a day, that is 1,8M units of gold daily and that is 1,53Bil units of power daily. Even 100*4000m2 power plants in red can't produce such an amount during one day. And I am just one fish in big jewlery business pond.....
With current market prices of:
Power: 0,21c
Water: 0,22c
Stones: 23c
-------------------------------------------------
Cost to produce stones:
5*power + 1*water + production cost
5*0,21 + 1*0,22 + 1,8 = 3,07c
Cost to produce gold in Q0:
850*power + 90*water + production cost
850*0,21 + 90*0,22 + 9 = 207,3c
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Now to the profits.
Stones are sold for 23c. So profit per unit is 23 - 3,07 = 19,93c
In mines you can either produce 1 unit of gold or 3,33 units of stones. Both of these takes the same time. We are looking for equilibrium profit per time, not per unit. So from gold we should expect the same profit as from 3,33 units of stone. Profit per unit of gold should be 19,93 * 3,33 = 66,37c
Then we have to put production cost and expected profit together 207,3 + 66,37 = 273,67c <- this is current equilibrium price of gold
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But still I haven't calculated market fees. When someone puts 3,33 units of stone at the market for 23c, he will have to spend 2,3c per unit for market fees. Real profit from 3,33 units of stone then is 58,7c.
As gold costs much more and 10% market fee makes more you have to put gold at market for at least 296c to make the same profit with gold and with stones.
Sorry jin but I just couldn't help myself. You can't imagine how iritated I am when I see some "dummies" selling gold at market for low prices. Of course it is good for me, I can make higher profit but there are others who buy it for low, turn it into jewlery and sell this jewlery for low price too. And that cuts my profits....
Jewlery prices are very sensitive on power prices. I don't believe power price will go down in future. And even if it will, we can't expect it to go down significantly. So we have to use gold we have wisely. Turn it into the finest jewlery possible and sell it to NPCs for as much as possible. Jewlery is not about quantity, it is about quality.
Just one example: Once all my jewlery stores finish expansion I will be prepared to sell 60k necklacess a day, that is 1,8M units of gold daily and that is 1,53Bil units of power daily. Even 100*4000m2 power plants in red can't produce such an amount during one day. And I am just one fish in big jewlery business pond.....
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contact deep silver, he might be interested in your diamond rings business
right now i use about 4.5million gold daily. i know cost of making gold is high. that is why i have been increasing gold prices regularly. everyone can see that. Prices have tripled in a few months (remember back then gold was 60+1Q or 80+1Q, i'm not sure), and it'll keep on increasing. we don't see such things happening often with other products =) i've also bought a huge RC recently to pump my research. Jewelry is a hard business to do =(
right now i use about 4.5million gold daily. i know cost of making gold is high. that is why i have been increasing gold prices regularly. everyone can see that. Prices have tripled in a few months (remember back then gold was 60+1Q or 80+1Q, i'm not sure), and it'll keep on increasing. we don't see such things happening often with other products =) i've also bought a huge RC recently to pump my research. Jewelry is a hard business to do =(
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i expect power to hit 0.27 in the future. we have to be prepared for that. it'll happen someday. even if it doesn't, it's wise to assume it may happen.
but don't worry gold makers, i have that in mind. even at 0.27, gold can be v. profitable. it's just that now my research is not high enough yet to support that level of prices, but soon it will be =)
i belief a while back, making gold was grossly unprofitable. in fact, you lose like 300-400 caps per hour per 20sqm mine, if you make gold. now the situation is reversing, and i think you can already make 300-400 profit per hour per 20sqm mine (almost equalling wood now, or has it surpassed wood?)
but don't worry gold makers, i have that in mind. even at 0.27, gold can be v. profitable. it's just that now my research is not high enough yet to support that level of prices, but soon it will be =)
i belief a while back, making gold was grossly unprofitable. in fact, you lose like 300-400 caps per hour per 20sqm mine, if you make gold. now the situation is reversing, and i think you can already make 300-400 profit per hour per 20sqm mine (almost equalling wood now, or has it surpassed wood?)
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Seriusly... If you can make Gold or silver prices high, i can supply you lots... though, so my research of gold and silver wont go to wastejin wrote:i expect power to hit 0.27 in the future. we have to be prepared for that. it'll happen someday. even if it doesn't, it's wise to assume it may happen.
but don't worry gold makers, i have that in mind. even at 0.27, gold can be v. profitable. it's just that now my research is not high enough yet to support that level of prices, but soon it will be =)
i belief a while back, making gold was grossly unprofitable. in fact, you lose like 300-400 caps per hour per 20sqm mine, if you make gold. now the situation is reversing, and i think you can already make 300-400 profit per hour per 20sqm mine (almost equalling wood now, or has it surpassed wood?)