I've found out a method to gather as many resources as you like in a short space of time. As a side benefit, I've also figured a way to repair cosmetic damage to your ship too. Tired of planks strewn across holes in your ship? No problem.
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Get a storage crate and rowboat (that's optional)
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Get the shroud breaker.
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Sail to the shores of gold.
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Put all supplies in storage crate and scuttle your ship and leave storage crate on your rowboat or beach if you don't have one.
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Your ship respawns nearby, grab storage crate and put all supplies from new ship inside it, then back on beach (or rowboat if attached).
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Repeat. Every time you scuttle boat respawns right near your rowboat.
As a side benefit you will always repair cosmetic damage too.
I've spent 15 minutes at the shores of gold and had over 500 cannon balls. Basically stay as long as you like, rinse and repeat.
Yeah guys, I stole from the ferryman.
The ferryman ought to put a wanted poster of DaringClarky on the ferry of the damned for tricking him into gathering resources for him.
That's why I love Tributes Peak.
It's where I conned the ferryman into becoming my errand boy.
It also serves as a safe haven where I can repair cosmetic damage, stock up to insane levels and seek shelter from the rest of the server. It's the ultimate player hideout... Probably until others twig on to this.
That's now two people who stole from the ferryman.
Captain Flameheart and DaringClarky.