Current Econmy Situation

[n64jive]

Many people have been wondering why Runescape's economy has been acting so different(rares no rising in price, prices of everything dropping) and I figure I should explain what I think is the cause.

 

 

 

Deflation is happening on almost every item in the game and the reason is because the value of the gp is going up due to ammount of all the raw materials coming into the game.

 

 

 

With autoers/gold farmers coming into the game into mast majority, the market is being flooded with raw materials. This is is causing lvl 99 to be much cheaper, and so more and more ppl are training 99's.

 

 

 

High prayer levels are being brought into the game by the masses, makeing more and more people want to do dag kings and barrows. This is why they are falling in price.

 

 

 

Also, because of all the inflation that happened about 6 months ago, everything was heavily over-priced, and because of this...almost everything is re-adjusting itself by lowering a lil bit.

[Nazgul740]

Yep i sold off my santa because i don't think its ever going to raise... There are just too many items which require alot of money that have a practical use...

[TheWilch]

and to think! people said runescape's market was going to crash, like a speeding police vehical... #-o

[Rebdragon]

and to think! people said runescape's market was going to crash, like a speeding police vehical... #-o

 

The Runescape "economy" can not and will not ever crash.

[salim123]

the economy will go down but never crash

[Stilev]

the biggest reason the USA great depression was casued was becasue people were using nothing money, i.e. they get loans without checking credit etc then the bank wouldn't come to there house or anything to collect, and if they ever did the people didn't even have the assiests to give the bank, credit and loans are non-exist in runescape, therefore there can only be declines not crashes

[n64jive]

the game can be ruined tho, which it currently is by these autoers...they're like locust...they get as much resource out of the game as possible, and then move on to the next when this one crashes.

 

 

 

Thank god for Jagex's updates(which are lacking right now) because with out them, everything would eventually crash.

 

 

 

New boss monsters/good mini-games are needed.

[Zoidviper]

The prices hit the top and then the balloon burst. This can happen to any market, both in RS and real life.

[krisc6]

its incredbly difficult if impossble to crash an economy never mind a virtual one.

 

if it ever does crash i dont think it will take long to get back on its feet

[Duke_Freedom]

With autoers/gold farmers coming into the game into mast majority, the market is being flooded with raw materials. This is is causing lvl 99 to be much cheaper, and so more and more ppl are training 99's.

 

 

 

But more yew production = more yew long production = more money supply due to high alching.

 

 

 

Also, because of all the inflation that happened about 6 months ago, everything was heavily over-priced, and because of this...almost everything is re-adjusting itself by lowering a lil bit.

 

 

 

Which is 8 months ago now and seriously that surely doesn't have any effect on it at all anymore. A re-adjusting period shouldn't have taken longer then 3 or 4 months tops, it's taking over double of that now - a major economy aspect (i.e. rares rising on the long term) just seems to have changed.

 

 

 

There are some good reasons for that however, i.e. much lower population growth (major drive behind rares growth), construction and other money drains and lastly expensive substitutes for rares (i.e. third age).

 

 

 

Despite all that I still remain a little positive on rares, but it is really hard to say where rares will be heading in future IMO. I think it will depend a lot on what updates Jagex does (and does not? :P) bring out.

[hohto]

But more yew production = more yew long production = more money supply due to high alching.

 

 

 

Striking against rl trade = less money.

 

 

 

On 1st may they said to have taken away 6 billion people. On their newer article they don't mention how much gp has been taken away, but they said to have banned 2.3k accounts. Note that it says 6 billion in gold, not 6 billion worth of materials. I wouldn't be surprised if we had lost at least another 6b in rares, raw materials and other junk.

 

 

 

N64jive, you probably wouldn't have had a worse timing on speculating why raw materials are going down :P Lately there has been slight jump in pure ess prices and little downfall in nature runes. Nothing big that would shake the ground, but still something that you can see with your own eyes. Today I saw people buying pure ess 100gp per and selling natures 290gp each. Not a big downfall for natures (and with their abilities they most likely won't even go a lot down from that), but percentually pure ess (80gp-100gp) has risen quite a lot. Also sharks have gotten a bit more worth again.

 

 

 

One explanation could be the recents acts from Jagex. First of all they are now really striking against real life trading and paying extra attention on those who buy it. Every time someone gets banned for it, his friends get an example what will/might happen. This has a straight impact on macroing: you got less people buying the gold you've gotten illegally. Add quicker bans on macroing to this and you get some reasons why raw material prices have been going up: less potential buyers for your gold and faster bans to your "slaves" (=auto accounts). It's not a surprise that the prices have been living.

[Thus]

as long as the price of a santa keeps falling or remains the same b4 i get 3 more million gp to buy it, i am very happy. :mrgreen:

[WARnold]

Finally someone that does have some insight into the "economy", and doesn't make a post shouting about "inflation". Goog going.

 

However, I still think that getting into heated arguments about the rs economy is pretty pointless, seeing how it's driven by supply and demand, with barely any other factors, unlike IRL.

[Duke_Freedom]

But more yew production = more yew long production = more money supply due to high alching.

 

 

 

Striking against rl trade = less money.

 

 

 

On 1st may they said to have taken away 6 billion people. On their newer article they don't mention how much gp has been taken away, but they said to have banned 2.3k accounts. Note that it says 6 billion in gold, not 6 billion worth of materials. I wouldn't be surprised if we had lost at least another 6b in rares, raw materials and other junk.

 

 

 

Assuming that the data Jagex gave us - the 6 billion - is true in the first place, that is still less then a billion a day. If my last gp calculations of a year ago now are at least a little useful still, this is not that much and money supply would still be growing. Plus if rares were banned on those accounts (I doubt that though), that would lead to less rares and rising rare prices over time. Rares have gone sideways / dropped for over 8 months now though.

 

 

 

Today I saw people buying pure ess 100gp per and selling natures 290gp each. Not a big downfall for natures (and with their abilities they most likely won't even go a lot down from that), but percentually pure ess (80gp-100gp) has risen quite a lot.

 

 

 

Pure essence has been 100gp+ each for a long time already..? :-X

[toadalmighty]

The prices hit the top and then the balloon burst. This can happen to any market, both in RS and real life.

 

 

 

too true one day we will see third age for under 20m

[hohto]

Assuming that the data Jagex gave us - the 6 billion - is true in the first place, that is still less then a billion a day. If my last gp calculations of a year ago now are at least a little useful still, this is not that much and money supply would still be growing. Plus if rares were banned on those accounts (I doubt that though), that would lead to less rares and rising rare prices over time. Rares have gone sideways / dropped for over 8 months now though.

 

 

 

Money itself might grow, but more important is how the money is used. I think we both agree that it's not the same do 20 people have 100k in their banks and not using it or 1 person having 1.5m and using it. Those who buy money won't just let it rot in their banks.

 

 

 

Also with all these bans and news, people are most likely buying less rs money. Again it's different is the cash on players who actually spend it or on those who sell it and don't have any other purpose for it.

 

 

 

Today I saw people buying pure ess 100gp per and selling natures 290gp each. Not a big downfall for natures (and with their abilities they most likely won't even go a lot down from that), but percentually pure ess (80gp-100gp) has risen quite a lot.

 

 

 

Pure essence has been 100gp+ each for a long time already..? :-X

 

 

 

They slowly dropped to even to 80gp and now rose back to 100 just few days ago. In last few days raw materials have been climbing back to the prices they were around 3 months ago.

[Tim]

im gald, i might actully be wearing a rare someday. :D

[mrmyk]

i noticed coal and iron prices have been rising with common sales in world 1 at:

 

 

 

190-200 each for coal

 

110-115 each for iron

[anish00b]

now it makes sense,so i guess by end of mid next year we'll be getting a inflation like construction( god i loved that day) or ways of training skills quicker( the rants about pest control was hilarious)

[Thus]

ok, now i really noticed the economy change. maples are now 60gp ea and i just saw santa prices fluxuate between 19mil and 20mil and back in 5 minutes. well, at least I was able to buy one :thumbsup:

[Will H]

Yeah, i noticed that too. It must be due to TB@JT's efforts in removing the macros/account traders/rl money traders. And I now would not think for a second that Jagex's claims were false, the current deflation shows that. In fact, we are getting memoirs of construction recently.

 

 

 

And let's be honest, deflation is just what the economy needed.

[816_f2p_total]

ithink its a good thing people are realising stats are more important but a phat is still a dream

[chc05dude]

I think its just the longterm implications of contruction.

 

 

 

Doesn't really matter why its happening. Sitting here and argueing over something no one can prove won't get anyone here, anywhere.

 

 

 

Just react to the changes, enjoy the cheaper items.

[dandude5007]

Although the rs economy is VERY different then a rl economy there are many similarities including 2 of the biggest factors: Inflation, and Supply and demand

 

 

 

Supply and Demand.

 

Since the introduction of the skill capes, people have been focusing (a lot) less on rares. Hence Rares have been falling. Rares have been falling for a while now, and will continue to fall until the novelty of the capes wears off. Now you may say Capes are old! But the impact is that no longer are people going for cooking, fletching or prayer as much, due to the fact that its has become a hackneyed accomplishment. But the people who stated the goal are gonna finish it. I predict that by mid-august rares will start rising again, and once they start they will skyrocket b4 going down again. Note: they will skyrocket bc merchants will see a new interest in the market and will try to get back to rares again. (big demand, stable supply equals rise in prices)

 

Autoers have increased the supply of raw materials so much that prices have plummeted. Thats the only reason for it (that factor outweighs the others so heavilly its not even funny) With the mass ban, prices climbed a bit. its up to jagex to fight the autoers. Big supply of raw materials (shark for example) equals decrease in price.

 

 

 

Inflation/deflation

 

Basically relates to how much gp is in the game. If there is a lot of gp, the inherent value of each gold piece is worth less...therefore prices go up. (in standard gp, not inherent value)