"Essentially the Scrap-o-Matic 1000 (and Shred-Master Mk1) works like the Obliterum Forge in Legion however one major difference from Legion is that you can use it to break down any gear obtained that is from the Battle for Azeroth expansion, including dungeon/raid drops, quest rewards, world drops and crafted gear. Apart from a chance at getting Expulsion you will also get ore, gems, leather, occasional enchanting mats (from scrapping cloth gear) and other crafting mats. The best way to obtain Expulsion seems to be from breaking down rare/epic gear you obtain from dungeons and raids, killing rare elites and doing world quests, it also drops rarely from BFA uncommon quality items."
C C'Thun Alliance C'Thun Horde Chamber of Aspects Alliance Chamber of Aspects Horde Chants éternels Alliance Chants éternels Horde Cho'gall Alliance Cho'gall Horde Chromaggus Alliance Chromaggus Horde Colinas Pardas Alliance Colinas Pardas Horde Confrérie du Thorium Alliance Confrérie du Thorium Horde Conseil des Ombres Alliance Conseil des Ombres Horde Crushridge Alliance Crushridge Horde Culte de la Rive noire Alliance Culte de la Rive noire Horde

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That's mostly it, but it's linked to the fact you can transmute ghost iron bars into trillium bars, which can be transmuted into Living Steel. So ghost iron is really really useful for sky golems and panther mounts, because they require 4 Living Steel's, which means 24 trilliums or 240 Ghost Iron bars, if you wanna go that way instead of farming the trillium itself!
Disagree with your comments on Sky Golem. You need about 4200 ghost iron ore make this. Ghost Iron ore turns into bars which are used for Jard's Power source, but you only need 300 bars for that. You also need living steel which is transmuted from triullium, which in turn is transmuted from ghost iron. If you have an transmute master you proc on average about 20 additional trillium bars, that's like 7000g in savings.

In a few months only mats will be worth anything. At this point we have people with tens of millions of gold and people with just a few thousands. A flask takes tons of mats to make, and they will sell for well over 10k gold each, so the casual players won't afford them. When people realize that the rich guys will always take buying from the AH over farming their own mats, the prices will go even higher, then casuals will notice how expensive flasks are, and they will pick up alchemy and make more flasks, driving the prices down again.
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