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What should i do? Smither with approaching GE release

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Im a smithing/merchant which basically means I buy thousands of coals and irons and smelt steel bars and sell. So what do I do with the impending approach of the Grand Exchange and still a few thousand ores left to smelt. Also what will happen to me in the future? Will buying ores and smelting into steel still be profitable? Help me out guys.

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99.9% sure it will still be profitable, but if you a little worried, you can sell it...

 

 

 

I don't really mind keeping all my items. I never would resell my guthan, whip, ect...

[Summoning guide (AOW)] [Slayer guide] [Melee & Brawl player]

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With the ores you have if you can smelt the ore into bars and smith the bars into whatever you want.

 

 

 

I don't claim to have any wisdom that other's don't but I think prices will drop due to people selling lower than the current market price to sell it faster.

 

 

 

The GE for you basicaly means you can buy your ore cheaper and faster.

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10,200th Person to Achieve 99 Magic on 1/10/08

One thing people don't think about. The "number value" for items may change, but the supply/demand will stay the same. Lets say steel bars become 1k each and you make a huge profit selling them, it'll be balanced by other forms of inflation, and your "dollar will go so far" kind of approach will still exist.

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A man who doesn't read, is no smarter than a man who can't read.

Ores and bars have pretty stable prices so i seriously doubt that they'll change. Coal, for example was 150ea when I started playing and that was around 6 years ago. There's only been a 50 gp change in all that time.

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Thanks guy for your insight and advice. I'm going to try finish smithing the remaining ores and see what happens when the GE comes out.

teh_gauss.png

You have to be opposite the crowd and due to recent information it seems that the crowd is selling right now, so you shouldn't sell and you should wait for GE to arrive.

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379th to reach 99 Runecrafting on 4th of November 2007

 

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Finally the secrets of goal achieving are revealed! (give my guide a read :^_^: )

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