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Sysion
Core Research Expedition
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Posted - 2008.08.15 04:04:00 -
[1]
I've been working on both mining and manufacturing and was curious what other's takes are on mineral stockpiles.
I mine for myself so far, but I need more for manufacturing than I can get mining, so I end up buying most of what I use. When figuring my build costs, I always use the current rates for minerals out of Jita (since I made the Jita Mineral Index), so the way I see it, my mining doesn't really lower my build costs, because if I wasn't manufacturing, I could sell for about that rate in Jita. Additionally, I also try to deal hunt/buy orders to get minerals at cheaper rates, but I could also haul those into Jita and sell them as well.
So I'm asking myself, should I focus on keeping a mineral stockpile? How much? Basically, minerals sitting in my hangar are great, but not doing anything for me. I could easily sell what I mine or buy low/sell high, then buy from Jita when I go on manufacturing runs. There could be a gap between what I sell and buy for, but then I don't have all my cash wrapped up in inventory. Kind of like a real life store... having some in stock is good, but don't want too much.
A part of it is also because I played Star Wars Galaxies before Eve as a crafter. When I quit SWG and liquidated my assets, I quadrupled my cash just by selling my resources. So much of what I had was wrapped up in resources, since I was a big stockpiler (though resources worked differently than in Eve).
So I'm curious, how do others view it? Buy as you need it, or stock up for a cold winter?
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Ragu Spidersauce
Tadakastu-Obata Corporation
The Honda Accord
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Posted - 2008.08.15 04:13:00 -
[2]
Edited by: Ragu Spidersauce on 15/08/2008 04:14:44
One difference is that all the minerals are of the same quality.
I know that in SWG, I would stockpile vast amounts of the high quality minerals (etc.), because they may be hard to find later.
In Eve, you don't have that. Everything is available all the time and of the same quality.
I stockpile in Eve, if I see a particularly good price. That's about it.
Ragu
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Sysion
Core Research Expedition
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Posted - 2008.08.15 04:22:00 -
[3]
Yes, that is one big difference. All Tritanium is created equal, while in SWG, not all Steel is the same. I played SWG for 3 years and had top end everything, more than I'd ever need. In Eve, I don't feel the same need to do that. I could play the market, such as buy a mineral when price is low and sit on it until price is high, but then that is trading and not stockpiling, per se.
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Rogue Vol
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Posted - 2008.08.15 06:09:00 -
[4]
Stockpile when prices are dropping and buy as needed when prices are rising as a hedge against inflation.
If your competitor is using Trit that cost 3.5 ISK he/she bought off the market to produce an item while you are using Trit that you bought for 2.5 ISK 3 months ago to produce the same item it gives you the advantage in a tight market.
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Carniflex
Caldari
StarHunt
Fallout Project
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Posted - 2008.08.15 06:20:00 -
[5]
Stokpile using local buy orders. If you are getting them at 'good' price then those do not fill very fast.
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Tamarana
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Posted - 2008.08.15 07:46:00 -
[6]
If you are focused on manifacturing, the "stockpiling" is only about to have the minimum quantity of minerals that you never run out of them when you must start a new job. This is true, mainly, if you specialize in producing always the same stuff, like capital ships.
Then is useful to have a minimum of minerals in reserve to not be influenced by market anomalies (big buys or reduced offer like the last big boost of the price of neodymium).
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Lord Fitz
Project Amargosa
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Posted - 2008.08.18 15:07:00 -
[7]
Basically, you should always calculate your prices for purposes of working out if you're going to make a profit on a 'what would it cost me to buy these minerals now scenario'.
However you can get minerals cheaper through buy orders and patience. So in that sense stockpiling a little is worth it as you're making more isk by being patient (nothing to do with manufacturing profit, but additional seperate profit from trade).
Larger stockpiles may save you time if you're not operating out of a market hub, and this can be a valuable resource. With a larger stockpile you risk losing more isk if minerals devalue, but then also gaining isk if they increase in value.
If you are tight on isk, and need more capital, having smaller stockpiles is good. If you have plenty of capital but are time poor, larger ones are better.
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LordSax7648
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Posted - 2008.08.18 16:31:00 -
[8]
The real answer lies with the amount of mins you use and how easily you are able to aquire them. Since I use vast quantites, I tend to stockpile-especially the lower end minerals. However, if you don't maintain much inventory I wouldn't recommend stockpiling too much as mineral prices tend to ebb and tide and while are benefical when prices rise, can be costly when prices fall. I know I've seen my margin decrease steadly over the past few months, so mineral management has become more important than ever.
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