Rares Up?

[Umega]

I'm happy that rares are going up (of course people that want one, aren't), rares are becoming fashionable again. \

 

In Feb I bought a red mask for 38m, then they went right down to 34m for a while and now recently they going right up to 40m, yay at last I'm making profit!! :P

[klaasthe3e]

I think that the big rush is coming to an end for skill-capes and construction. most of the rare owners that sold their rares to buy capes and shiny houses have done that and built up enough money to re-invest in rares again.

I'm sorry, but thats one of the dumbest things I have heard in a while.

 

 

 

That actually makes a bit of sense. 3rd Age, Skill Capes, and Construction killed rares for the past year or so, as rich players sold their rares to be able to afford these new things. However, the people that want these things have gotten them, and now have a surplus of cash.

well you see, it doesnt work that way, people don't sell rares for the sake of getting a cape or a nice house. The ones that can barely afford a rare have better things to do than waste money on an unnecessarily expensive house valuing at over 30m. Same goes for capes, you either invest in a cape or a rare, you don't jump round between the two.

 

 

 

As for the people who have multiple expensive rares, again, they either don't waste their money, and if they do, most lvl 99 stats don't require much money, something someone with a lot of rares would have no trouble affording, and a lot of skills end up making profit anyway. Either way, there are very few people out there with so many rares, even if they each sell one for some 99 stats or an overly fancy house, it would have almost zero effect on the economy.

 

 

 

It's pure common sense, menial things like that don't affect something as massive as the economy. You might as well say that exploding stars are caused by humans.

 

 

 

 

 

[hide=long quote]

they should always be going up and up, i dont understand how come they go down sometimes :?

 

 

 

because you CANT ever get new amount of them in-game.. :cry:

 

 

 

and sometimes i see furys prices go up?.. hows that possible, because everyday you can get more and more and more of them into markets O:)

 

 

 

It's simple; the rares market is both very small and very expensive. This gives the rich phat merchants a lot of room to manage the prices, it works the same way as the stock market in real life. When the prices slow down in rising, people slow down in buying them, which makes them fall, it's a deadly cycle that sometimes causes crashes (There has only been one crash in runescape to date, which happened at the phat dupe), but usually the prices simply remain stagnant at lower prices. Since they become cheaper, more people tend to buy them, and eventually they restore to their usual rising speed.

 

 

 

It's funny how every time something like this happens, people often tend to make strange and far fetched theories to what happened when the answer is almost always the same, and very simple.

 

 

 

I think that the big rush is coming to an end for skill-capes and construction. most of the rare owners that sold their rares to buy capes and shiny houses have done that and built up enough money to re-invest in rares again.

I'm sorry, but thats one of the dumbest things I have heard in a while.

[/hide]

 

 

 

I'm sorry, but I missed the part where his idea was so far-fetched that you had to demean it.... Honestly, people that get it in their heads that they're right think that any other idea sounds ludicrous :wall:

 

 

 

Who are you to say he is absolutely wrong?

the guy with common sense :|

 

 

 

 

 

i think your for the most part right malo... BUT

 

 

 

some updates also affected the rare price

 

1 construction update rly shook rare trade especially phats since cons costed like 200-300m back then too get 99 so lots of high lvls sold rares too get cash for a faster way too get 99 cons

 

2 i also think that third age dfs and d full kinda slowed the rising of the rares because more people set there goal too buying thesse kinds of armors instead of saving for a rare..

 

 

 

in conclusing i think the rise in rares now is simply the market catching up in the slow rise in rares the last year+....

[12pure34]

they should always be going up and up, i dont understand how come they go down sometimes :?

 

 

 

because you CANT ever get new amount of them in-game.. :cry:

 

 

 

and sometimes i see furys prices go up?.. hows that possible, because everyday you can get more and more and more of them into markets O:)

 

 

 

It is not getting new ones in game, it is getting new ones on the market. When prices go up, people want to sell them. Thus more suply, prices go down. But in the long term, yes they always go up. And fury goes for the same rule, as everything in market-perspective.

 

 

 

Aye, don't invest in rares. Invest in having a fun time on Runescape

[DRUMINATOR17]

I'm happy that rares are going up (of course people that want one, aren't), rares are becoming fashionable again. \

 

In Feb I bought a red mask for 38m, then they went right down to 34m for a while and now recently they going right up to 40m, yay at last I'm making profit!! :P

 

 

 

I must say that I can agree with you on that, I paid about 38 for my masknd had to get out on it at 35m just so i could have enough for my new purple.

 

 

 

Which im more then glad to know I did that now, seeing as how I paid around 143m to 144m for it (139m + 50k P ess) just to see that I can easily sell it to someone in world 2 for 163m. Which if thats the case im sure I can get more for it. Thanks price rise in rares 20m for me in a month

[Bard_Bow_Man]

Its about time rares went back up. I bought a green mask for 17.2mil a while ago and now I've made 4+mil. Finally, the 3-4mil I lost on rares has been recovered.

[malo2]

i think your for the most part right malo... BUT

 

 

 

some updates also affected the rare price

 

1 construction update rly shook rare trade especially phats since cons costed like 200-300m back then too get 99 so lots of high lvls sold rares too get cash for a faster way too get 99 cons

 

2 i also think that third age dfs and d full kinda slowed the rising of the rares because more people set there goal too buying thesse kinds of armors instead of saving for a rare..

 

 

 

in conclusing i think the rise in rares now is simply the market catching up in the slow rise in rares the last year+....

well construction is a year and 2 months old now, the after effects are long gone. As for the 3rd age, there is a possibility, but considering the rarity of the armour, and the fact that selling your santa wont make you afford it, it still seems very unlikely.

[Toad]

Happens every year? why is this different its not.. theyre going up towards halloween and christmas (Like they always have done).

 

 

 

They will crash again.

[tintin113]

This is the rares market for you... It's like a rollercoaster lol. Except it will always end up higher than it started after a big drop.

[Danqazmlp]

The more threads like this the worse it gets, as people then think higher prices are the norm and will buy for them, and people who currently have rares will try selling for the higher prices.

[xSxqPowerx]

About time they went up lol

[Bard_Bow_Man]

The more threads like this the worse it gets, as people then think higher prices are the norm and will buy for them, and people who currently have rares will try selling for the higher prices.

 

 

 

Isn't that a good thing?

[PastyGangsta]

Eventually the rare prices will be so high they will stop fluctuating. Dont expect that to happen for another 2-3 years though...

[Shadow93]

it's been a year since rares have moved in price, now is the perfect time to buy one since they are starting to go up, i suggest buy them as soon as possible, i have a feeling they may peak around the holiday this time, since everyone thinks they wont

[Latinoking]

Sseli, do you always got to make topics about rares prices, how d chain is droping due to ba, how Jagex has a personal vendetta against you since they are introducing new way and trying to appeal more to people so that more people can get dragon drops which might lower the price? Seriously come down.

 

 

 

Meh my friends like it....I don't care tbh. At least I don't have to worry if prices are going up or down. I'll be a stockbroker later in life. Jagex's Runescape Economy won't teach me like GoldMan Sachs will.

[Freesia]

My theory is that since US summer is ending, many people are buying rares as investment to sell when they return to RS.

[Lt_Wolfe]

they should always be going up and up, i dont understand how come they go down sometimes :?

 

 

 

because you CANT ever get new amount of them in-game.. :cry:

 

 

 

and sometimes i see furys prices go up?.. hows that possible, because everyday you can get more and more and more of them into markets O:)

 

This is why people go to school, because there's generally an Economics class.

 

 

 

The reason prices go down on rares is because less people want to buy them. If less people want to buy them, there's more competition amongst the sellers, which makes them decrease their prices to a point where a buyer is willing to purchase the seller's item and not from the seller's competition. This drives prices down on a wholesome level, meaning that prices across the board drop, because people can, and will, find the cheapest prices.

 

 

 

An economy is more than the amount of items in the market at any given time. Economics is the relationship between quantity demanded, and quantity supplied. If you plot these two variables on a graph, the slope of that graph represents the price at which people are willing to pay for the goods.

 

 

 

The study of Economics is an art, not something to be laughed at.

[malo2]

My theory is that since US summer is ending, many people are buying rares as investment to sell when they return to RS.

that could have been a possibility, but if it were true, then it wouldn't have happened so suddenly, it would have been a much more gradual rise.

 

 

 

[hide]

they should always be going up and up, i dont understand how come they go down sometimes :?

 

 

 

because you CANT ever get new amount of them in-game.. :cry:

 

 

 

and sometimes i see furys prices go up?.. hows that possible, because everyday you can get more and more and more of them into markets O:)

 

This is why people go to school, because there's generally an Economics class.

 

 

 

The reason prices go down on rares is because less people want to buy them. If less people want to buy them, there's more competition amongst the sellers, which makes them decrease their prices to a point where a buyer is willing to purchase the seller's item and not from the seller's competition. This drives prices down on a wholesome level, meaning that prices across the board drop, because people can, and will, find the cheapest prices.

 

 

 

An economy is more than the amount of items in the market at any given time. Economics is the relationship between quantity demanded, and quantity supplied. If you plot these two variables on a graph, the slope of that graph represents the price at which people are willing to pay for the goods.

 

 

 

The study of Economics is an art, not something to be laughed at.

[/hide]We all know the law of supply and demand, don't waste your time explaining. Also, the economy is much more than just "hey, nobody is buying this [cabbage], so it will fall" and "hey now everyone [bleep]ing wants it, it will skyrocket"

[Ts_Stormrage]

You know whats become IMPOSSIBLE to sell with recent updates (aka, Visage)?

 

 

 

Black Dragonhide sets.

 

 

 

Guides say they'll cost you only 35-50k for a well rounded defense. But I added in Elemental Helms, Mind Shields, and even a Pickaxe. Perfect for people who get killed a lot while Abyss-Rcing...

 

 

 

Havent sold many of these Abyss sets, I can tell you that...

[bbalking]

Could be due to the banning of Inyusha8750 (sp?) you get the idea, ranked 2 hunter, 1 agility and like 3rd farming... equalling a lot of money. Prices always vary when a famous player gets banned maybe this could be due to the current rise :-k

[Straw_Hat]

My theory is that since US summer is ending, many people are buying rares as investment to sell when they return to RS.

that could have been a possibility, but if it were true, then it wouldn't have happened so suddenly, it would have been a much more gradual rise.

 

 

 

[hide]

they should always be going up and up, i dont understand how come they go down sometimes :?

 

 

 

because you CANT ever get new amount of them in-game.. :cry:

 

 

 

and sometimes i see furys prices go up?.. hows that possible, because everyday you can get more and more and more of them into markets O:)

 

This is why people go to school, because there's generally an Economics class.

 

 

 

The reason prices go down on rares is because less people want to buy them. If less people want to buy them, there's more competition amongst the sellers, which makes them decrease their prices to a point where a buyer is willing to purchase the seller's item and not from the seller's competition. This drives prices down on a wholesome level, meaning that prices across the board drop, because people can, and will, find the cheapest prices.

 

 

 

An economy is more than the amount of items in the market at any given time. Economics is the relationship between quantity demanded, and quantity supplied. If you plot these two variables on a graph, the slope of that graph represents the price at which people are willing to pay for the goods.

 

 

 

The study of Economics is an art, not something to be laughed at.

[/hide]We all know the law of supply and demand, don't waste your time explaining. Also, the economy is much more than just "hey, nobody is buying this [cabbage], so it will fall" and "hey now everyone [bleep] wants it, it will skyrocket"

 

 

 

or maybe because people get richer and richer, not just stay the same or poorer and poorer

 

when i'm rc'ing, i'm getting in like 3-4M more cash a day on around 3-4 hours of playing. Same with other people, dag kings, kq, staking, merchanting, as they get more and more cash they spend it on rares. so when more and more people buy it, it goes up "duh"

[rooneyrules0]

I'm happy that rares are going up (of course people that want one, aren't), rares are becoming fashionable again. \

 

In Feb I bought a red mask for 38m, then they went right down to 34m for a while and now recently they going right up to 40m, yay at last I'm making profit!! :P

 

I got mine for 35 in June ;)

[anim7]

they should always be going up and up, i dont understand how come they go down sometimes :?

 

 

 

because you CANT ever get new amount of them in-game.. :cry:

 

 

 

and sometimes i see furys prices go up?.. hows that possible, because everyday you can get more and more and more of them into markets O:)

 

 

 

you know about the law of supply. more power to ya :D . but you did not consider the supply's little buddy, mr. demand. if demand goes down then the price goes down.

 

 

 

edit:i just noticed the dozens of posts by other people regarding this... so disregard this post

[Jabuli]

Want to know why the rares are rising?

 

 

 

 

 

That's coz i sold my phat :|.

[tskolar]

OR

 

 

 

its because they are doing what they do every single year.

 

 

 

they drop dramatically dec - june/july (oct - april for masks)

 

 

 

then they rise bk up to that years peak in july - nov (may - oct for masks)

 

 

 

it happens EVERY year

 

 

 

the rares drop by say 4% value between thier holiday and midway thru yr then they rise back up by like 3.5% as it gets to thier hol.

 

 

 

It happens every year but over past few years the yearly peak has always been a fraction lower than the previous years.

 

 

 

Exactly what he said. Its got to do a lot with the summer break and more people online due to it. More people play, more potencial possibilities to amass wealth. And since so many players summer goals are "getting a phat" you have a lot of competition for the rares which are on the market. And prices go up. Thats about it as far as im concerned

[Kill_Thomas9]

the prices have been stable for a year and a half now. All that time people with rares have been banned/died/hacked and dropped. That means the supply is probably 60-70% what it was, and there are 20-30% more players in rs than there were then.

 

 

 

This means they should rise soon.