I've been reading a bit around the gold blogging community about the new epic gem news. I'm skeptical that the sources that have been announced thus far will remain the only sources; after two expansions when epic gems were available to anyone why would they suddenly make them so much more difficult to obtain? I can see if they wanted to keep the content from being instantly nerfed by a bunch of epic gems, but they didn't list that as a reason, they say they want everyone to feel like they got an individual reward. I anticipate that if this does go live as the only source of epic gems the torrential rain of QQ will be of epic proportions due to what they have tailored the playerbase to expect. More on that some other time though.
OH NO, ALL MY STOCKPILING DOWN THE DRAIN.
I want to talk about Pyrite. Now, I didn't stockpile Pyrite. No, I'm not here to say "Haha, don't you wish you were in the same boat?" God, I wish I had a stockpile of cheap pyrite from pre-bot-banning. Some bloggers are now saying that it was stupid to stockpile pyrite based on speculation, but this is completely wrong, and I'll be glad to tell you why.
I am a stockpiler of Widgets. Widgets currently have no use in game other than to take up bank space. However, word on the street is Widgets will likely be a source of Doodads in the future! So I buy up all the Widgets I can, hoping to make a fortune off of Doodads. This would be a risk, and reflection would show it being a poor decision if the Widgets did not end up producing Doodads because I have no fallback use for my now-useless Widgets.
Now let's say I am a stockpiler of Pyrite Ore. Unlike widgets, Pyrite Ore has many uses, and very profitable ones at that. You can sell it raw, as bars, as weapon chains, as belt buckles, or transmute it into Truegold. You can use it as a good source of Volatile Earth for your belt buckles or prospect it for rare gems. You can trade it for blacksmithing patterns, you can even make pretty pictures in your guild bank with its rainbow colors!
Pyrite would have been a risky investment if it would only have one speculative use. However, the reason I've always considered it a safe investment was that it has so many fallback use possibilities, including the high-demand item of belt buckles and blue quality gems. (Remember, if epic gems are going to be particularly rare, as stated, people will still need a lot of Inferno Rubies!)
Anyone who sells their Pyrite Ore stock at this point is foolish, please don't think your incredibly valuable ore is now worthless because one of its many uses seems unlikely now. (That said, if you see people foolish enough to dump their stock consider picking it up. Players always need more belt buckles!)