What goes down must come up: A short blog entry about solo merchanting
runescape money merchanting me
Yesterday I decided to give solo merching another shot. I pulled up the Grand Exchange "most traded" list, clicked open several items into new tabs to observe their price graphs, and selected several of them to invest a combined 18,995k gp. This afternoon, all of the items had risen. I sold back my iron bars, monkfish, raw tuna, and cosmic runes all at max, collecting a total of 19,729k gp. 734k profit; wow.
So now I'm impressed, and I'm ready to get back into the game for real. I checked up on some more graphs while doing some fishing in-game.
I was on the lookout for graphs like these. As I said in the title, what goes down must come up. With the Grand Exchange, any stable item is going to have a wave pattern to its price graph, and blood runes are at the lower bound of that wave right now. I'll be very surprised if they don't rebound, especially considering that pure essence jumped in price today and the two items are obviously closely linked.
I ended up putting 8200k into bloods, 9825k into deaths, 2925k into clay, and 3437k into dark bows. In total, that's 24,387k I've got in the market now--more than the price of my Bandos Godsword. If all goes well, I'm definitely going to keep up this investing and flipping business; it's high time I started collecting interest on all those millions I have stored up in my bank. Once its price climbs a bit, I plan to liquidate my BGS as well; I had hoped to make some money lending it out, but it seems now like it'll be much more profitable to invest its gp value.
Of course, none of this is at all a revolutionary discovery or anything. I know that lots of players have been doing this every day for a long time. Sometimes it seems like I'm always late to the party--I killed Nomad about 5 months after the quest comes out, I first started using Kuradal and getting strykewyrm tasks just last week, I only took around half a year to kill the skeletal horror and enchant my bonesack, and I still haven't done any real Dungeoneering. I guess I just have my own pace.
Well, I'll probably write some more some other time, hopefully about something interesting. Until then, feel free to send me adoring fan mail. <img src='http://forum.tip.it/..._DIR#>/cool.gif' class='bbc_emoticon' alt='B)' />