Dramatic fall in prices.

[Goldenjkered]

Anyone noticed a fall in prices on all the barrows sets, dragon items and third age etc? I bought my full guthans for 7.9 just over a week ago, and now I'm struggling to sell for 7.3. This is just 8 days, and the price has fallen 600k. All other barrows sets have fallen to. Dh has gone down by 300k, Ahrims by 400k and veracs by 300k. Dragon legs have also fallen in price by around 150k. Can anyone tell me why this is?

[superson]

I remember buying my guthans for 10m...

 

 

 

*sigh*

[Iv_Green_vI]

Anyone notice how rares are going up? coincidence? I think not.

[Adam007]

When items fall slightly, people panic and think they're going to continue falling. Since everyone wants to sell fast and cut their losses, they're basically messing up everyone else also trying to sell, competing with them all to sell for cheaper to just get rid of the items and cut their losses. It's just funny that they're the ones who are creating these dropping of prices situations for themselves.

[Tijger2099]

Lately a lot of expensive items have been released into the game (dragon full helm, visage, god wars items, etc.). Causing inflation, making the prices of items such as Barrows go down. However it doesn't work for rares, instead they go up, the inflation causes the money in rs to move from very rich people to people who got lucky with drops of the new items for example, they eventually invest in rares causing the demand to go up = prices going up.

 

 

 

It's basically as easy as that

[Master_Smither]

Not many people buy a new set of barrows everyday they buy it and lasts a VERY LONG time. But yet a full set of barrows is probably put into the game every hour or so from the minigame. So the supply is constant the demand is a bit less driving prices down.

 

 

 

Also people are spending money on those raising rares

[darkjab]

Bandos armour has been rather random, one day the plate was being sold for 22m and the tassets 14m but the next day the plate shot up to 28m-30m and the tassets to 16m.

 

 

 

Not sure what the prices are today, but im sure things will stabilise again.

[anonymouse_]

Most people have most if not all of the barrows sets, so the demand has gone down. Meanwhile, the demand has shifted to the new armour. You can easily make 50M+ at god wars if you know what you're doing and you camp there for a few days. Those who get the new drops usually sell them and buy rares, such as partyhats.

 

 

 

Personally, I sold my multiple barrows sets and bought a partyhat recently. In under 2 weeks, it already went up close to 20M.

[Revenga]

I bought my Verac for 4.2...how much is it now? :oops:

 

 

 

 

 

I'm getting like 3.7ish..can anyone confirm this? Don't feel like going into W2..

[Infi]

There's just one simple answer: Supply and Demand.

 

Prices fluctuate over time, and the prices may either rise or fall between periodic times. It all depends on how many players desire that certain item or item sets, or not. That is the cause of all the rapid price changes in the marketplace. If less people want the specific item, then the people selling that item will be forced to sell it at a lower price in order to meet their pricing needs. However, if many people want to buy that item, then the seller will be able to drive the price upwards since there is a sudden need for it. Simply really if you think about it. :-k

[InkofDeath]

There's just one simple answer: Supply and Demand.

 

Not all market prices are affected by supply and demand, it's not always the right answer. :shame:

[Infi]

There's just one simple answer: Supply and Demand.

 

Not all market prices are affected by supply and demand, it's not always the right answer. :shame:

 

I beg to differ. :) There's also other small factors, such as how hard it is to obtain that specific item. Let's give an example: The Godsword. It is very hard to obtain at the moment, and therefore prices are sky-high. Mix that with the fact that everyone wants to obtain this awesome weapon, and you get high price costs. There are some less desirable Godswords, such as the Zamorak Godsword because its special isn't as desired as the Armadyl Godsword, therefore there is less demand on Zamorak's Godsword whilst everyone is craving that 25% Damage increase of the Armadyl Godsword. Therefore, since most people are after the Armadyl Godsword itself, then the prices tend to be higher on that sword than of the Zamorak Sword. I believe the price of an Armadyl Sword is around (110M)+ at the moment while Zamorak's is around 30M+? Don't quote me on that price though, Godsword prices are pretty unstable at the moment. I apologize if I said Godsword way too much or else people might think I'm talking about a different weapon. :ohnoes:

[InkofDeath]

Yes, its true most major high level, or hard to obtain items are greatly influenced by supply and demand. Although such items as Rares are indirectly affected(if a new weapon comes out, like the godsword, rares go down a bit)but they are constantly going up even if its by decimal prices, this is where they are affected by supply and demand directly, also, there are more, I just need to find Duke Freedom's post about supply and demand, and why it doesn't always cause price increases, or decreases...though I have no idea if I'll find it. :-#

[Tijger2099]

Supply and Demand is a too broad answer in this situation (in most situations it is). Supply and Demand is the basis of economics but it doesn't explain why certain prices fluctuate, to have a look at why that actually happens you need to dig deeper into the economy, until you find various factors that on their turn INFLUENCE the supply and demand, but the supply and demand on itself doesn't explain why prices change.

 

 

 

In this situation inflation caused the supply and demand to swift, and in the end resulted in the price changes as we see them now.

 

 

 

What I mean with inflation and such you can read in a few posts nearer to the top of this thread.

[backstreetboy]

I thought guthans was still 8.1M.

 

 

 

Since my goal is full guthans this will be a very good advantage :D.

[mchainmail]

Lately a lot of expensive items have been released into the game (dragon full helm, visage, god wars items, etc.). Causing inflation, making the prices of items such as Barrows go down. However it doesn't work for rares, instead they go up, the inflation causes the money in rs to move from very rich people to people who got lucky with drops of the new items for example, they eventually invest in rares causing the demand to go up = prices going up.

 

 

 

It's basically as easy as that

 

 

 

However, that is not inflation. Inflation is the increase in the number of currency in circulation. If a lot of people start high-alching all of a sudden, they would be bringing in new currency. More currency is being used, and this causes the currency to start to devalue. People begin to buy items for higher and higher prices, since their money isn't worth as much as it used to be.

[Artemis_42]

Bandos armour has been rather random, one day the plate was being sold for 22m and the tassets 14m but the next day the plate shot up to 28m-30m and the tassets to 16m.

 

 

 

Not sure what the prices are today, but im sure things will stabilise again.

 

 

 

I believe that was due to the removal of the popular safespot in General Graardor's room, which made it very easy to solo drops for an extended period of time. Since this had been removed, it is now harder to get them, and, therefor the supply is increasing slower than before. Along with the demand being the same (of possibly higher) the prices increase.

 

 

 

I wouldn't expect the prices to go back down very fast.

[cotamatias]

I remember buying my guthans for 10m...

 

 

 

*sigh*

 

I remember buying mine for 19M

[Tijger2099]

Lately a lot of expensive items have been released into the game (dragon full helm, visage, god wars items, etc.). Causing inflation, making the prices of items such as Barrows go down. However it doesn't work for rares, instead they go up, the inflation causes the money in rs to move from very rich people to people who got lucky with drops of the new items for example, they eventually invest in rares causing the demand to go up = prices going up.

 

 

 

It's basically as easy as that

 

 

 

However, that is not inflation. Inflation is the increase in the number of currency in circulation. If a lot of people start high-alching all of a sudden, they would be bringing in new currency. More currency is being used, and this causes the currency to start to devalue. People begin to buy items for higher and higher prices, since their money isn't worth as much as it used to be.

 

 

 

It is inflation, but you should tackle it from a different angle. Irl inflation indeed means that more money is brought into the economy.

 

 

 

However in this case you should divide the rs economy in 2 sides:

 

 

 

1) On 1 side are they very rich, they got plenty of money + rares. They've already got everything they want, they still spent some money from time to time to train skills but most of the money is kept safely in their bank. This money does belong to the rs economy (obviously) however at this moment the money ain't circulating in the rs market (it is kept in their bank).

 

2) On the other side is the population that vary between very poor to medium rich. In this case we rule out the very poor and have a better look at people that I'd call medium rich (let's say 10m-50m).

 

 

 

Now what happens is that new items were released into the game lately, the god wars dungeon items. Currently they are still worth a fortune and many people make alot of money from it. The 2nd group (the medium rich) is starting to obtain various new items, basically the only one that in the beginning could really afford these items without a massive decrease in their total wealth are the people in group 1, the very rich. The money they always kept safely in their bank is now transferred to the 2nd group, the group which already has quite some money, but are far from having every item/high stat they want. Now that some of the players in the medium-rich group own alot more money they can afford items (such as rares, red chinchompas for 99 ranged etc.) they could or would never buy before they got a valuable item.

 

 

 

I hope I cleared things up how I got to inflation ;)

[hohto]

I beg to differ. :) There's also other small factors, such as how hard it is to obtain that specific item.

 

 

 

Of course supply and demand is the main factor, but don't forget the price elasticity. Armours have gotten a lot of substitute goods within the last few months. God items were basically the last hit to the chest which made barrow prices to fall, but there was nothing surprising.

 

 

 

In this situation inflation caused the supply and demand to swift, and in the end resulted in the price changes as we see them now.

 

 

 

I don't agree with this point. If you look at the prices in general, only certain goods have rosen in price while others have gone down and many stayed at the "normal" level.

[Tijger2099]

In this situation inflation caused the supply and demand to swift, and in the end resulted in the price changes as we see them now.

 

 

 

I don't agree with this point. If you look at the prices in general, only certain goods have rosen in price while others have gone down and many stayed at the "normal" level.

 

 

 

I don't agree with your point. Well I agree that some prices went up and some went down but you have to look at what items went up and which went down. It is mainly the elite items (with elite items I mean rares and any other items somewhere between 25m and 100m+, but also the amount of red chinchompas you need for 99 ranged is what I call as an elite item, only the very rich are able to buy it). As people get GWD items as a drop and selling them makes them alot richer, allowing them to buy some of the elite items for example. However items such as barrows don't go up, instead they go down. The point is that the price of barrow sets ain't high enough to belong to the elite-item group, and therefore didn't go up in price when GWD items were released. For people to actually being able to fight in the god wars dungeon on itself you already need to have quite some money, for example for armour (mainly barrows), potions, food and things like that. Most people that seriously fight for GWD items do already own things such as barrow sets, therefore when they make 50m from GWD items they don't suddenly buy barrow sets cause they're richer, mainly cause they already got them.

[hohto]

It is mainly the elite items (with elite items I mean rares and any other items somewhere between 25m and 100m+, but also the amount of red chinchompas you need for 99 ranged is what I call as an elite item, only the very rich are able to buy it). As people get GWD items as a drop and selling them makes them alot richer, allowing them to buy some of the elite items for example.

 

 

 

However items such as barrows don't go up, instead they go down. The point is that the price of barrow sets ain't high enough to belong to the elite-item group, and therefore didn't go up in price when GWD items were released. For people to actually being able to fight in the god wars dungeon on itself you already need to have quite some money, for example for armour (mainly barrows), potions, food and things like that. Most people that seriously fight for GWD items do already own things such as barrow sets, therefore when they make 50m from GWD items they don't suddenly buy barrow sets cause they're richer, mainly cause they already got them.

 

 

 

I understand your point and I agree that the amount of rich players has affected to "elite items", I personally even predicted that here at Tip.It before GW was launched. Same thing happened when we got our first 85+ slayers with their whip drops.

 

 

 

However I wouldn't put that under inflation as the general price-scale hasn't changed almost at all, it's been only "elite" items that went down and substitute goods (as counting GW items into armour&weapon genre) that went down.

 

 

 

More money came back into use after GW items, but that money hasn't spread in a balanced way. The money pretty much goes from a rich bank to another bank, either directly or after buying a rare item. That kind of trading happens in so small circles that a normal player won't notice any change apart from seeing high numbers going even higher.

 

 

 

Anyways the point here was that I agree on the reasons you said earlier, but I don't agree on using the term inflation.I don't see using the term "inflation" as a mistake, but I personally wouldn't use it in this scenery.

[Tijger2099]

Agreed, we are on the same line then :P I also don't agree with the term inflation, and I admit that. But as not everyone here is too much into economics, inflation to me seemed to the term most suitable to the knowledge most people have about economics :)

[hbk_hossack]

simple- Barrows have gone down becuse the demand for them now is lower. They're not the best armour any more, the God armour is.

[Jeffery]

This is my thoery,

 

 

 

Recently there have been a lot of new items And everybody Want like to Purchase some And try it out Selling their Items for a Quick sell, And rares are going up as god wars Armour/Weapons, Will not be a high Fixed price for long so they invest in a rare.