November 27, 200718 yr Okay, take this hypothetical situation. ~There is only one seller selling 10k logs for 50 gp each. ~There is only one buyer buying 10k logs for 55 gp each. What happens? I have come up with two answers 1. If the transaction goes through, where does the extra 50k go? Does it go 'into' the grand exchange as a form of an invisible tax? I doubt either the seller or buyer get back extra gold... 2. If the transaction doesn't go through, then the Grand Exchange is just a massive market where you have to manage to guess the sellers/buyers desired price. This is impractical and more or less impossible. Consider the first case being true: taxation leads to deflation as there becomes less and less gold in our economy per person, meaning prices of items will go down as the value of gold rises (relativley). This will lead to a rares crash as there will be no point in investing in discontinued items if they will just lose value. Consider the second case being true: the grand exchange is like a car with no wheels; wont get you anywhere. EDIT: Good news, I have heard that the buyer gets the money he overpaid back to him. I guess we'll all sleep well tonight ;)
November 27, 200718 yr The buyer gets the difference, this is in the knowledge base, why doesn't anybody ever read that? Barrows: 9~2 V Brass,V Flail,2 Dh Plate,V Helm,V Skirt,T Legs,Malevolent Shield + DKing: 48~6 W Ring,13 A Ring,8 M Staff,9 S Ring,7 B Ring,3 SeercullDragon Drops: 500+~50+ Med,26 Axe,3 Chain,10+ Legs,10+ Spear,2 D2h,10+ L Half,49 Boots,2 DDs,10+ Lump,9 Claws,50+ Dagger,14 Visage,50+ Mace,4 Scimitar,7 Hasta,Baxe,50+ Long,30+ Royal,2 Kite,4 Ward,2 Plate,Staff,Hammer,Limbs, Mattock,HalberdGWD: 156~4 S Staff,50+ Shard,9 B Tass,13 B Plate,5 B Boots,6 A Plate,11 S Sword,8 A Hilt,4 A Skirt,9 A Helm,S Hilt,3 B Hilt,B Glove,2 A Buckler,Z Ward,Z Garb,2 Z Boots,B Shield,B Helm Corp: 3~Elysian,2 Sp Sh + Nex: 6~Torva Legs,Cere,P cowl,Z bow,2 T boots + GWD2: 9~2 Glaive,Wand,2 Crest,Blade,2 Essence,Core + Araxyte: 5~Web,3 Pheromone,Fang + Raids: 4~3 Codex,P Boots + Trails: 2~Bob Shirt,Fortunate Etc: 64~3 Sceptre,B Mask,16 Whip,2 Focus Sight,5 D Bow,7 SOL,Ragefire,2 Steadfast,Arma Staff,6 Rider Armor,5 Vine,2 Razorback,2 A Wand,Abby Orb,3 Blood Shard,6 Hydrix,Gland,Asc Xbow [spoiler=Capes]Quest Cape Aquired 12-7-07 ~ Level 93 + + + Completionist Cape Aquired 5-22-15 ~ Level 138Hitpoints Cape Aquired 9-21-09 ~ Level 131 + Magic Cape Aquired 9-24-09 + Attack Cape Aquired 3-5-10 ~ Level 135 + Summoning Cape Aquired 3-12-10Strength Cape Aquired 6-1-11 ~ Level 137 + Fire Cape Aquired 6-23-11 + Defence Cape Aquired 7-5-11 + Ranged Cape Aquired 8-1-11 + Kiln Cape Aquired 2-26-12 ~ Level 138Dungeoneering Cape Aquired 4-22-12 + Slayer Cape Aquired 6-25-14 ~ Level 200 + Herblore Cape Acquired 12-9-14 ~ Level 138 + Prayer Cape Acquired 12-20-14Agility Cape Acquired 1-4-15 + Hunter Cape Acquired 1-30-15 + Construction Cape Acquired 1-31-15 + Crafting Cape Acquired 2-22-15 + Thieving Cape Acquired 3-18-15Runecrafting Cape Acquired 4-14-15 + Mining Cape Acquired 4-19-15 + Fishing Cape Acquired 4-25-15 + Firemaking Cape Acquired 4-26-15 + Woodcutting Cape Acquired 4-26-15Cooking Cape Acquired 4-26-15+ Smithing Cape Acquired 4-28-15 + Farming Cape Acquired 4-29-15 + Divination Cape Acquired 5-3-15 + Dungeoneering Mastery 5-4-15Fletching Cape Acquired 5-4-15 + Max Cape Acquired 5-4-15 + Invention Cape Acquired 11-9-16 + Invention Mastery 5-16-19 + Archaeology Cape Acquired 10-30-20
November 27, 200718 yr In this case, the buyer only pays 50 each. Jagex has said that the buyer might not have to pay as much as (s)he offers. :) ARENAscape: Baratus [AS] max hit: 166 with Moon Battle Hammer ixfd64 [AS] max hit: 116 with (untitled spell #2)
November 27, 200718 yr I put in a buying offer for a rune c'bow for the max price it would let me. I ended up buying one that was at the average price and I got to keep my extra ~2k. If your offer is higher than the seller's price, you only pay the seller's price and keep your extra cash.
November 27, 200718 yr The buyer gets the difference, this is in the knowledge base, why doesn't anybody ever read that? no, that would make sense.
November 27, 200718 yr Newby behavior 1 - Knowledge base 0 :roll: 21 lag piles, 4 Pjs, 2 Party hat kills, 67 newbs teached.
November 27, 200718 yr Newby behavior 1 - Knowledge base 0 :roll: Lawl..Yeh, I was like ohhh great I get me items and like 30k back
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