Seriously.

 

 

 

What is going on here?

 

 

 

Iron: 100

 

Iron Bars: 150

 

Steel Bars: 600

 

 

 

Coal: 175

 

 

 

Mithril: 375

 

Mithril Bars: 1K

 

 

 

Iron Ore = 100 GP. 100 GP, alright, fair enough.

 

 

 

Iron Bars = 150 GP... Okay, 50 GP for the time it takes it smith, fair enough.

 

 

 

Steel Bars = (2*175)+100 = They should be priced around 450 GP, maybe +100 for the whole time it takes.

 

 

 

Mithril = 375.. Alright, rare ore, fair enough.

 

 

 

Mithril Bars = (4*175)+375= 1075 -- Note, they make only 30GP profit from making mithril bars, that doesn't make sense. Why is the most profit make out of steel? Mithril is hard to come by, as the profit made from it is so little.

 

 

 

What is wrong the the economy, all the prices are awkward, and everything is going haywire-- I saw someone buying normal logs for 100 GP EACH!!!

 

 

 

Discuss.

Depends on the demand of the items ~ :?

There's nothing wrong with that. Iron and coal are easier to get in mass quantities, thus lowering the prices. Steel bars are somewhat time-consuming, but more importantly they are in high demand. Iron, steel, and steel-products are all great for relatively-cheap, quick leveling. Nothing wrong with those prices.

 

 

 

As for mithril; it is harder to come by and harder to mine, hence the higher price per ore. However, mithril bars are not in so much demand as iron bars or steel bars, so the prices aren't always steady. Sometimes people are trying to get rid of them, so they sell low. Sometimes people specialize in mithril or something and want a higher price because they know there's a shortage.

 

 

 

As for normal logs.. it's kind of time consuming to cut them in mass. Only one log per tree, and you have to run from tree to tree? Kind of tedious. And it's not very sensible to charge 10gp per log or something based on the amount of effort put into cutting them.. You would have to go out of your way to get them in higher quantities. Also, people who want them are generally fletchers looking for some materials for arrows. It comes out to be about 7gp per arrow if you spend 100gp on each log... so it still works out well.

 

 

 

~Lunar

What He Said... :uhh:

There is more demand for steel bars primary because they are used for cannonball smelting, decent exp and profitable but just slow. Not much usage for mith bars. :-k

There is more demand for steel bars primary because they are used for cannonball smelting, decent exp and profitable but just slow. Not much usage for mith bars. :-k

 

 

 

Which is what confuses me.

 

 

 

You can't have two seperate runescapes! F2P can't make cannonballs, so it's just disrupting the F2P economy.

 

 

 

My actual point was Mith works out cheaper than steel, despite taking longer to mine, and more coal to make. I would have thought the more rare the item, the higher the price. (!!?)

I would have thought the more rare the item, the higher the price. (!!?)

 

 

 

not at all.. more often than not it's the usefulness of the item. remember that f2p and p2p aren't entirely seperate economies. coal and iron can be mined on f2p and sold to member to make c balls. It's been like this pretty much since members has existed and the prices have always been pretty stable. especially when you look at yew log/bs prices. i don't see how the economy is ruined when its been like this for such a long time.

It's a demand and supply. Steel is in high demand and low supply so one can sell it for a higher price. Mith is in high supply because no one really wants to buy it so you can only sell it for lower. If the demand is high and supply low then the price is higher. If the supply is high and the demand low then the price is lower. There is a prefect middle in this but in runescape it will never be reached. Here is a picture of the supply and demand graph. Just insert the supply and the demand and you have your price.

 

Yes, I am well aware of the whole supply and demand situation.

 

 

 

However, my question is, WHY isn't there a high demand for mithril? Forget about cannonballs, pretend P2P doesn't exist. I know the F2P and P2P economies are interweaved, but how come steel is sold to OTHER F2P users for 600 each?

 

 

 

Why does no one even attempt to make a profit out of mith?

 

 

 

I personally believe the reason is there are more new users, than there are veterans... People get sick of runescape when they get to a certain level, and leave... While another 2 newbies joins, therefore, deflating the price of higher-level armours, but inflating that of low-level armours.

 

 

 

I personally can't trust seven years olds running the economy. I like Runescape, but I don't like the unstable economy. I was merely pointing out that it's pretty insecure, and things are bound to crash eventually.

 

 

 

Multiple accounts is another thing... When Jagex says they have 'one million users' or whatever, how many of those are ALT accounts? My younger brother has around five accounts, each of which a pure in something.

 

That must inflate the price of low-level armours and items, when users have several alt accounts. It'd just mess up the economy.

 

 

 

Blah.

First off, you are a narcicist.

 

 

 

Second off, you are stupid.

 

 

 

Third off, the economy is not ruined. If there were suddenly no items in the game or all rares vanished, that would be a problem, but you can get the items you want. The economy is fine, just mabe not the way you want it to be.

First off, you are a narcicist.

 

 

 

Second off, you are stupid.

 

 

 

Third off, the economy is not ruined. If there were suddenly no items in the game or all rares vanished, that would be a problem, but you can get the items you want. The economy is fine, just mabe not the way you want it to be.

 

 

 

My word. Are the flames really necessary?

 

 

 

I am not narcissistic. You can take my word for that.

 

 

 

 

 

The economy is run by twelve years olds and bots-- I personally consider that to be a problem.

 

 

 

Haven't you noticed all the yew-autoers and lobster-autoers? That *must* impact the economy negatively.

 

 

 

Think your points through, before you post. The economy is not *fine*, if the economy was fine, we'd have no autoers, and the prices of everything would be higher (or back at it's original state, before autoing became a "trend").

 

 

 

If you can't debate your view like a gentleman, then perhaps you shouldn't be posting at all?

Forget about cannonballs, pretend P2P doesn't exist. I know the F2P and P2P economies are interweaved

 

Hiding from the truth wont help you understand the economy. It obviously would be different without P2P.

 

 

 

Why does no one even attempt to make a profit out of mith?

 

Because more money can be made of steel.. There are 2 uses to bars, Making canonballs (Cant use mithril here) or making platebodies to high-alch. High alchers dont really care about the loss from the high alch, what they need is supply. Massive Supply. Thats where steel is useful. Making platebodies made out of mithril would sell something like 6k or more, and alch for not even half of that. It would be an HORRIBLY HUGE money loss, compared to steel plate bodies.

 

 

Happy now?

 

And I dont see how you could say the economy is "Ruined" since it has always been that way, and since it works very well right now..

 

 

 

edit : And about the economy, it IS fine. The bots, even if everybody wants to get rid of them, fit perfectly in the economy. If they didnt, they wouldnt exist.

Seriously.

 

 

 

What is going on here?

 

 

 

Iron: 100

 

Iron Bars: 150

 

Steel Bars: 600

 

 

 

Coal: 175

 

 

 

Mithril: 375

 

Mithril Bars: 1K

 

 

 

Iron Ore = 100 GP. 100 GP, alright, fair enough.

 

 

 

Iron Bars = 150 GP... Okay, 50 GP for the time it takes it smith, fair enough.

 

 

 

Steel Bars = (2*175)+100 = They should be priced around 450 GP, maybe +100 for the whole time it takes.

 

 

 

Mithril = 375.. Alright, rare ore, fair enough.

 

 

 

Mithril Bars = (4*175)+375= 1075 -- Note, they make only 30GP profit from making mithril bars, that doesn't make sense. Why is the most profit make out of steel? Mithril is hard to come by, as the profit made from it is so little.

 

 

 

What is wrong the the economy, all the prices are awkward, and everything is going haywire-- I saw someone buying normal logs for 100 GP EACH!!!

 

 

 

Discuss.

 

 

 

People dont want mith bars... they want steel, steel is faster and better xp per bar. Also, its easier to sell a steel plate, than it is to sell a mith dagger. Steel plates are take lower smithing lvls then mith stuff, and since people with high smithing are rare, steel just works out better. 8-)

Seriously.

 

 

 

What is going on here?

 

 

 

Iron: 100

 

Iron Bars: 150

 

Steel Bars: 600

 

 

 

Coal: 175

 

 

 

Mithril: 375

 

Mithril Bars: 1K

 

 

 

Iron Ore = 100 GP. 100 GP, alright, fair enough.

 

 

 

Iron Bars = 150 GP... Okay, 50 GP for the time it takes it smith, fair enough.

 

 

 

Steel Bars = (2*175)+100 = They should be priced around 450 GP, maybe +100 for the whole time it takes.

 

 

 

Mithril = 375.. Alright, rare ore, fair enough.

 

 

 

Mithril Bars = (4*175)+375= 1075 -- Note, they make only 30GP profit from making mithril bars, that doesn't make sense. Why is the most profit make out of steel? Mithril is hard to come by, as the profit made from it is so little.

 

 

 

What is wrong the the economy, all the prices are awkward, and everything is going haywire-- I saw someone buying normal logs for 100 GP EACH!!!

 

 

 

Discuss.

 

 

 

People dont want mith bars... they want steel, steel is faster and better xp per bar. Also, its easier to sell a steel plate, than it is to sell a mith dagger. Steel plates are take lower smithing lvls then mith stuff, and since people with high smithing are rare, steel just works out better. 8-)

 

 

 

Ah, of course. I completely forgot about the XP side of things.

 

 

 

However, if everyone smiths steel bars- surely the increase of steel in the Runescape economy would make the price drop? Or does it not work that way?

 

 

 

I'm too used to playing on Neopets, I'm afraid. It's nothing to laugh at, though. It's just as "sad" [i use that term lightly] as Runescape. The economy there increases and decreases prices (street and mainshop) according to the amount of those items in the open market.

Piman's right, it looks as though your complaining because the economy isn't exactly what you want/think it should be.

He's right, I looks as though your complaining because the economy isn't exactly what you want/think it should be.

 

 

 

I'm not moaning about how the ecomony isn't perfectly suited for me, merely pointing out that there are several things disrupting the economy.

 

 

 

One, is high-alchers... They're making GP out of nothing, which is constantly throwing more and more into the economy.

 

 

 

Second are autoers, bots, and the likes-- I could probably get a program, and by morning, be selling 50000 Steel Bars... Thereby, hitting the economy real hard.

 

 

 

There are others, too; but I really don't want to turn this thread into a topic full of whining.

However, if everyone smiths steel bars- surely the increase of steel in the Runescape economy would make the price drop? Or does it not work that way?.

 

 

 

If more people started to smith steel, the price per bar would go up temporary as the demand rose. However the supply would also take a jump as more people would go after easy cash by smelting steel. Eventually the demand and supply would meet again.

 

 

 

If more people started to smelt steel and the amount of buyers stayed at current, the steel bar prices would fall as the demand would be lower than the supply.

 

 

 

Mithril isn't used for few reasons. The cost of making 1 mithril bar is so high that their price can't be low enough to compete against steel. Currently it is cheaper for both sides to make steel instead of mith, so their demand isn't too high. Only some rich smithers use them to level faster, but the main ways to level are still steel bars, gold smelthing (with gauntlets) and in some cases iron bars.

 

 

 

The only way how mith bars could become competitive would be either:

 

1) require less than 4 coals per bar

 

2) have a higher high alch price than 3120/plate.

 

However these most likely won't change, so we'll see high mithril bar prices in future too and not too many people buying them.

This is the worst example of why the economy is messed up I have ever seen.

Steel is more than mith because of cannon balls.

Mithril has never been in high demand. Plain and simple.

 

 

 

The guy buying normal logs 100ea probably wanted fast construction exp meaning he wanted the logs fast, and its only one log a tree so its alot of walking/clicking.

just dont make mith bars... or sell them for 1200 each or more..

I do still think there is a problem with the ecomony though.

 

 

 

Even 1 million GP isn't considered rich anymore. You have to have 7, or 10 million to be considered rich.

 

 

 

Back when I started playing Runescape, 1 Mil was a lot.

 

 

 

For everyone. Not just the newbies, the veterans, too.

Nature price = 300

 

 

 

Steel bar price = 600

 

Steel plate value minus nature price = 900

 

Steel bar smithing exp = 37.5

 

Effective cost / exp = (5*600 - 900) / (5*37.5) = 11.2gp / exp

 

 

 

Mith bar price = 1100

 

Mith plate value minus nature price = 2820

 

Mith bar smithing exp = 50

 

Effective cost / exp = (5*1100 - 2820) / (5*50) = 10.7gp / exp

 

 

 

Reason for the (small) discount is that it is (much) harder to buy mith bars in bulk and thus smithing steel bars is by far the most popular way for leveling smithing. And I'm fairly sure that if you have a large amount of mith bars, you'd be able to sell them 1200 each anyway, what would bring the effective cost / exp to 12.7gp / exp, significantly higher than the steel bar price.

 

 

 

I do still think there is a problem with the ecomony though.

 

 

 

Even 1 million GP isn't considered rich anymore. You have to have 7, or 10 million to be considered rich.

 

 

 

Back when I started playing Runescape, 1 Mil was a lot.

 

 

 

For everyone. Not just the newbies, the veterans, too.

 

 

 

It's called inflation and has been going on forever, it's less of an issue these days however.

 

I do still think there is a problem with the ecomony though.

 

 

 

Even 1 million GP isn't considered rich anymore. You have to have 7, or 10 million to be considered rich.

 

 

 

Back when I started playing Runescape, 1 Mil was a lot.

 

 

 

For everyone. Not just the newbies, the veterans, too.

 

 

 

It's called inflation and has been going on forever, it's less of an issue these days however.

 

 

 

nope 1mil isnt mutch...

 

*runs away with full rune followed by noobs, noob: WOW! i wish i was that!1*

 

 

 

but probemly when your lvl goes up your money does too...

 

give a lvl 3 100gp and he will be verry happy...

 

give a lvl 126 1mil cash and he wouldnt even care...

There is more demand for steel bars primary because they are used for cannonball smelting, decent exp and profitable but just slow. Not much usage for mith bars. :-k

 

 

 

Which is what confuses me.

 

 

 

You can't have two seperate runescapes! F2P can't make cannonballs, so it's just disrupting the F2P economy.

 

 

 

My actual point was Mith works out cheaper than steel, despite taking longer to mine, and more coal to make. I would have thought the more rare the item, the higher the price. (!!?)

 

 

 

But F2p Players can sell to P2p Players that can make them.

 

 

 

I agree with what's said. It has to do with supply and demand. The Supply of mith is going to be much lower for a variety of reasons such as the condition the economy is in now, in that mith is not as profitable as coal or iron. It's also harder to obtain. Steel on the other hand has easier to obtain raw materials and has more of a use. So it's demand is going to increase, and supply will increase. This creates an increase in profit.