OT hammers cost 50 pp each.

[August]

Originally Posted by Nordenwatch [You must be logged in to view images. Log in or Register.]

also to everyone saying you need to do it 65 times to "break even"... you realize you still have the strings after that you can resell for essentially the same price you bought them for.

Its pure profit. In the height of the population I would sell 10 of these a day, my necro would be perma parked in OT. hammer thread is legendary

It's pure profit that costs 300-500K to make money off of.

'It takes money to make money'

Each transaction is netting you 1%-2% return on your initial investment.

It's all about scale of risk / asset allocation. It is a slow-growth strategy that requires significant capital to get started.

You also risk depreciation of your asset, just the same way machinery is written off for depreciation costs.

Relinquishing the strings also negates your income source. People are paying for you to have your money non-liquid in items that generate money in a single way.

I'm not saying it's not a good strategy, and that the margins aren't great. I'm just saying that it makes a lot of sense. I'd wager that if strings charges sold for 500pp, the cost of the string would go down, significantly.