Help put an end to junk trading

[bedman]

I do agree, but now you are suddenly talking about "stable rares". For stable rares (AGS, ...) junk trading isnt even an issue.

 

 

 

It's about items that are severly underpriced and arent changing cause NOBODY in their right mind sells it (Divine, Elysian as an example).

 

You are saying you would sell it cause you would at least make 10M of it if you sold it for max. Well, I find that hard to beleive and I also find it silly of you to tell us to do it too.

 

 

 

So for players with no junk to liquidate, the best option is to keep it, or sell to friends.

 

 

 

My point is: If everyone stopped junk trading, nothing would be solved. People would just be more inclined to keep the items to themselves. No one wants to sacrifice his cash so that others can sell something for a higher price the next day. The whole GE mechanism is flawed and that's where the solutions lie: changing the GE mechanics. NOT another attitude towards junk trading.

[magzar]

I do agree, but now you are suddenly talking about "stable rares". For stable rares (AGS, ...) junk trading isnt even an issue.

 

 

 

It's about items that are severly underpriced and arent changing cause NOBODY in their right mind sells it (Divine, Elysian as an example).

 

You are saying you would sell it cause you would at least make 10M of it if you sold it for max. Well, I find that hard to beleive and I also find it silly of you to tell us to do it too.

 

 

 

So for players with no junk to liquidate, the best option is to keep it, or sell to friends.

 

 

 

My point is: If everyone stopped junk trading, nothing would be solved. People would just be more inclined to keep the items to themselves. No one wants to sacrifice his cash so that others can sell something for a higher price the next day. The whole GE mechanism is flawed and that's where the solutions lie: changing the GE mechanics. NOT another attitude towards junk trading.

 

 

 

 

 

Bedman, the fact that people do keep these items is the problem. When people have no junk to liquidate they see selling their rares as a loss. It is not, however, a loss at all. This is due to the fact that the g.e. prices are set and even junk trading does not actually change the value of the item itself. Through either the g.e. or junk trading, that item's value is a constant.

 

 

 

Therefore selling for max on the G.E. will always produce a gain. Even for horribly under-priced items, because there is no way to "truly" get around their market price, selling them on the G.E. still makes a profit. Beginning to move away from junk trading and into trading rares on the G.E. would stimulate its ability to adapt to supply and demand, slowly but steadily bringing up prices closer to "street value." Holding your items hoping that the prices will change has no benefit, and if you have no junk to get rid of then there is no reason you shouldn't put your rares on the G.E.

 

 

 

As far as stable rares, I was referring more to stagnant rares such as third age. Due to the fact that very few people buy or sell these on the grand exchange, you can discern, with fair certainty, that the prices are going to remain steady therefore all you're doing by holding the item is contributing to the stagnation of prices.

 

 

 

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit. I do agree that if you have junk that you need to get rid of it's a good idea to use a junk trade to get rid of it, if you don't mind the loss in profit cause by not being able to get that 5% increase. My problem is that people have the wrong idea about how junk trading works and therefore don't use the G.E. because they think they're taking a loss by doing so, even if they don't have any junk they need to get rid of. Some players will even actively seek out junk to be able to make a trade which promotes to the clogging of the economy with it, and further proliferating the problems with the G.E. You should NEVER, UNDER ANY CIRCUMSTANCES, seek out junk if you want to make a profit. That people actually do that astounds me.

 

 

 

So, to summarize, if you have junk you need to get rid of, junk trade it away because that's the only way to get rid of it for full value.(If you ask me the best thing to do with this is to try to funnel all the junk we can into price manipulators bank accounts) Once you're rid of it however, for the love of all that is holy, don't go try to get more, just do what I intend to do and sell on the G.E. If enough people follow this advice, then the G.E. will rise to its potential, and the rare market prices will reach their "street values," though it may take some time. Use price trends. Buy and sell smart. Do it on the G.E., and make a profit and help fix the system so that everyone can be satisfied.

[Madmanpur3]

Magzar....in real life, would you rather have a car and a thousand clothes pins that the government tells you are worth a thousand dollars each - or a car, a nicely furnished house, a boat, and all the food you want? The first option is worth let's say $1,050,000 while the second option is only worth $1,000,000.

 

 

 

Now keep in mind, these clothes pins can't be used as currency and literally nobody is willing to do business with you if you only offer clothes pins alone.

 

 

 

You're entire argument is that the first option is better than the second...which is RIDICULOUS. Do you profit from junk trades in terms of how much the game tells you all your stuff is worth? Nope. Does anybody care about how much the game tells us our stuff is worth when it's wrong? Nope.

[bedman]

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit

 

 

 

I've got a third age robe top and a third age amulet. I've bought the robe top when it was 22M and the amulet when it was 20M.

 

 

 

If I would sell them now on the GE for max, i'd make around 45M.

 

If I did what you said and sold them on the GE when I got them I would have made 3M.

 

 

 

How can you possible say selling is your best option for making profit?

 

 

 

You are also saying that by keeping the item you will only contribute to the stagnation of the price. While this is true, who in their right mind sacrificies 42M to "help the community" by letting those undervalued items go up quicker. Who?

 

 

 

I certainly don't.

 

 

 

On the other hand, I do agree it's very silly of people to spend hours upon hours collecting junk. That's a small minority though. Most people with a lot of junk have either accumulated it over time, or have gotten it by buyng some underpriced item. In those cases, you're best off selling your rare with that junk, and this way, liquidate those frozen assets. But I think you already said that too. I was just pointing out that there's few people who actively seek for junk. Those oportunities are long gone.

[magzar]

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit

 

 

 

I've got a third age robe top and a third age amulet. I've bought the robe top when it was 22M and the amulet when it was 20M.

 

 

 

If I would sell them now on the GE for max, i'd make around 45M.

 

If I did what you said and sold them on the GE when I got them I would have made 3M.

 

 

 

How can you possible say selling is your best option for making profit?

 

 

 

You are also saying that by keeping the item you will only contribute to the stagnation of the price. While this is true, who in their right mind sacrificies 42M to "help the community" by letting those undervalued items go up quicker. Who?

 

 

 

I certainly don't.

 

 

 

On the other hand, I do agree it's very silly of people to spend hours upon hours collecting junk. That's a small minority though. Most people with a lot of junk have either accumulated it over time, or have gotten it by buyng some underpriced item. In those cases, you're best off selling your rare with that junk, and this way, liquidate those frozen assets. But I think you already said that too. I was just pointing out that there's few people who actively seek for junk. Those oportunities are long gone.

 

 

 

Ok Bedman, I agree holding your third age was smart, but obviously the prices weren't stagnant before because they're easily triple the price they were back then, to which i'd say well done holding. Actually, I just looked at the G.E. for third age, and all three sets have shown more than a 15% increase in the past 30 days. So I guess third age isn't stagnant. Quite the dilemma, but it's promising because it shows some people are using the G.E. to trade it.

 

 

 

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

The Dfh may be another good example, due to the fact that other than a small rise in the past week it has crashed horribly, that's one rare I would have gotten rid of before it hit bottom. The dragonfire shield is another. I don't know if people junk these or not, but they're good examples of rares that would be a good choice to sell if you're merching them.

 

 

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

 

 

My argument is that it's better not to have junk at all and to sell your rares for profit. There is certainly no value in boosting your bank value with junk, and I have already said the best course of action would be to liquidate it. I have also said that, as is, the only way to liquidate your junk for full value is by junk trading. I understand its value for that purpose and don't dispute that. What I'm disputing is people who think adding junk to a trade makes the rare cost more. It doesn't. We have all agreed to that. You seem to be the only one left on the wrong page. It also doesn't matter if you care how much the game sets prices at, you still have to use those prices because programming prevents you from doing otherwise. GF. :thumbsup:

[magzar]

Anyway

 

 

 

I guess we're pretty much on the same page now that we:

 

 

 

A) need a newer, more effective way to liquidate our junk

 

B) need to have a few tweaks made to the G.E. to make it more worthwhile to players to use the G.E. to trade their rares

 

C) should not let 13 year olds run the Runescape economy

 

D) would be better off without junk trading if these changes were implemented

 

 

 

Are we in agreement?

[Soma2035]

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit

 

 

 

I've got a third age robe top and a third age amulet. I've bought the robe top when it was 22M and the amulet when it was 20M.

 

 

 

If I would sell them now on the GE for max, i'd make around 45M.

 

If I did what you said and sold them on the GE when I got them I would have made 3M.

 

 

 

How can you possible say selling is your best option for making profit?

 

 

 

You are also saying that by keeping the item you will only contribute to the stagnation of the price. While this is true, who in their right mind sacrificies 42M to "help the community" by letting those undervalued items go up quicker. Who?

 

 

 

I certainly don't.

 

 

 

On the other hand, I do agree it's very silly of people to spend hours upon hours collecting junk. That's a small minority though. Most people with a lot of junk have either accumulated it over time, or have gotten it by buyng some underpriced item. In those cases, you're best off selling your rare with that junk, and this way, liquidate those frozen assets. But I think you already said that too. I was just pointing out that there's few people who actively seek for junk. Those oportunities are long gone.

 

 

 

Ok Bedman, I agree holding your third age was smart, but obviously the prices weren't stagnant before because they're easily triple the price they were back then, to which i'd say well done holding. Actually, I just looked at the G.E. for third age, and all three sets have shown more than a 15% increase in the past 30 days. So I guess third age isn't stagnant. Quite the dilemma, but it's promising because it shows some people are using the G.E. to trade it.

 

 

 

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

The Dfh may be another good example, due to the fact that other than a small rise in the past week it has crashed horribly, that's one rare I would have gotten rid of before it hit bottom. The dragonfire shield is another. I don't know if people junk these or not, but they're good examples of rares that would be a good choice to sell if you're merching them.

 

 

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

 

 

My argument is that it's better not to have junk at all and to sell your rares for profit. There is certainly no value in boosting your bank value with junk, and I have already said the best course of action would be to liquidate it. I have also said that, as is, the only way to liquidate your junk for full value is by junk trading. I understand its value for that purpose and don't dispute that. What I'm disputing is people who think adding junk to a trade makes the rare cost more. It doesn't. We have all agreed to that. You seem to be the only one left on the wrong page. It also doesn't matter if you care how much the game sets prices at, you still have to use those prices because programming prevents you from doing otherwise. GF. :thumbsup:

 

 

 

Actually, I'm pretty sure we all agree YOU have no idea what you're talking about.

[magzar]

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit

 

 

 

I've got a third age robe top and a third age amulet. I've bought the robe top when it was 22M and the amulet when it was 20M.

 

 

 

If I would sell them now on the GE for max, i'd make around 45M.

 

If I did what you said and sold them on the GE when I got them I would have made 3M.

 

 

 

How can you possible say selling is your best option for making profit?

 

 

 

You are also saying that by keeping the item you will only contribute to the stagnation of the price. While this is true, who in their right mind sacrificies 42M to "help the community" by letting those undervalued items go up quicker. Who?

 

 

 

I certainly don't.

 

 

 

On the other hand, I do agree it's very silly of people to spend hours upon hours collecting junk. That's a small minority though. Most people with a lot of junk have either accumulated it over time, or have gotten it by buyng some underpriced item. In those cases, you're best off selling your rare with that junk, and this way, liquidate those frozen assets. But I think you already said that too. I was just pointing out that there's few people who actively seek for junk. Those oportunities are long gone.

 

 

 

Ok Bedman, I agree holding your third age was smart, but obviously the prices weren't stagnant before because they're easily triple the price they were back then, to which i'd say well done holding. Actually, I just looked at the G.E. for third age, and all three sets have shown more than a 15% increase in the past 30 days. So I guess third age isn't stagnant. Quite the dilemma, but it's promising because it shows some people are using the G.E. to trade it.

 

 

 

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

The Dfh may be another good example, due to the fact that other than a small rise in the past week it has crashed horribly, that's one rare I would have gotten rid of before it hit bottom. The dragonfire shield is another. I don't know if people junk these or not, but they're good examples of rares that would be a good choice to sell if you're merching them.

 

 

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

 

 

My argument is that it's better not to have junk at all and to sell your rares for profit. There is certainly no value in boosting your bank value with junk, and I have already said the best course of action would be to liquidate it. I have also said that, as is, the only way to liquidate your junk for full value is by junk trading. I understand its value for that purpose and don't dispute that. What I'm disputing is people who think adding junk to a trade makes the rare cost more. It doesn't. We have all agreed to that. You seem to be the only one left on the wrong page. It also doesn't matter if you care how much the game sets prices at, you still have to use those prices because programming prevents you from doing otherwise. GF. :thumbsup:

 

 

 

Actually, I'm pretty sure we all agree YOU have no idea what you're talking about.

 

 

 

What thread are you reading?

[Soma2035]

[hide=Quote Chain]

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit

 

 

 

I've got a third age robe top and a third age amulet. I've bought the robe top when it was 22M and the amulet when it was 20M.

 

 

 

If I would sell them now on the GE for max, i'd make around 45M.

 

If I did what you said and sold them on the GE when I got them I would have made 3M.

 

 

 

How can you possible say selling is your best option for making profit?

 

 

 

You are also saying that by keeping the item you will only contribute to the stagnation of the price. While this is true, who in their right mind sacrificies 42M to "help the community" by letting those undervalued items go up quicker. Who?

 

 

 

I certainly don't.

 

 

 

On the other hand, I do agree it's very silly of people to spend hours upon hours collecting junk. That's a small minority though. Most people with a lot of junk have either accumulated it over time, or have gotten it by buyng some underpriced item. In those cases, you're best off selling your rare with that junk, and this way, liquidate those frozen assets. But I think you already said that too. I was just pointing out that there's few people who actively seek for junk. Those oportunities are long gone.

 

 

 

Ok Bedman, I agree holding your third age was smart, but obviously the prices weren't stagnant before because they're easily triple the price they were back then, to which i'd say well done holding. Actually, I just looked at the G.E. for third age, and all three sets have shown more than a 15% increase in the past 30 days. So I guess third age isn't stagnant. Quite the dilemma, but it's promising because it shows some people are using the G.E. to trade it.

 

 

 

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

The Dfh may be another good example, due to the fact that other than a small rise in the past week it has crashed horribly, that's one rare I would have gotten rid of before it hit bottom. The dragonfire shield is another. I don't know if people junk these or not, but they're good examples of rares that would be a good choice to sell if you're merching them.

 

 

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

 

 

My argument is that it's better not to have junk at all and to sell your rares for profit. There is certainly no value in boosting your bank value with junk, and I have already said the best course of action would be to liquidate it. I have also said that, as is, the only way to liquidate your junk for full value is by junk trading. I understand its value for that purpose and don't dispute that. What I'm disputing is people who think adding junk to a trade makes the rare cost more. It doesn't. We have all agreed to that. You seem to be the only one left on the wrong page. It also doesn't matter if you care how much the game sets prices at, you still have to use those prices because programming prevents you from doing otherwise. GF. :thumbsup:

 

 

 

Actually, I'm pretty sure we all agree YOU have no idea what you're talking about.

 

 

 

What thread are you reading?

[/hide]

 

 

 

The thread where someone's trying to convince everyone that it's better to not have any junk and just sell your items?

 

 

 

Everyone agrees it's better to not have junk... but why should you sell your items if you can't get the proper price for it? You continue to ignore this fact with every post. NO ONE wants to take a 400M loss because of Jagex's stupidity. NO ONE. Also, on the note of junk... you don't just get junk for no reason. You get junk because you were training a skill, or you got it from a drop, or you needed to rent some more powerful weapons and armor.

 

 

 

Gaining junk or not isn't your choice. And it's MUCH better to accumulate junk and get the full price for your items than be ripped off, or have to hold onto an item you'd rather sell, but can't for the proper price.

[magzar]

[hide=Quote Chain]

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit

 

 

 

I've got a third age robe top and a third age amulet. I've bought the robe top when it was 22M and the amulet when it was 20M.

 

 

 

If I would sell them now on the GE for max, i'd make around 45M.

 

If I did what you said and sold them on the GE when I got them I would have made 3M.

 

 

 

How can you possible say selling is your best option for making profit?

 

 

 

You are also saying that by keeping the item you will only contribute to the stagnation of the price. While this is true, who in their right mind sacrificies 42M to "help the community" by letting those undervalued items go up quicker. Who?

 

 

 

I certainly don't.

 

 

 

On the other hand, I do agree it's very silly of people to spend hours upon hours collecting junk. That's a small minority though. Most people with a lot of junk have either accumulated it over time, or have gotten it by buyng some underpriced item. In those cases, you're best off selling your rare with that junk, and this way, liquidate those frozen assets. But I think you already said that too. I was just pointing out that there's few people who actively seek for junk. Those oportunities are long gone.

 

 

 

Ok Bedman, I agree holding your third age was smart, but obviously the prices weren't stagnant before because they're easily triple the price they were back then, to which i'd say well done holding. Actually, I just looked at the G.E. for third age, and all three sets have shown more than a 15% increase in the past 30 days. So I guess third age isn't stagnant. Quite the dilemma, but it's promising because it shows some people are using the G.E. to trade it.

 

 

 

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

The Dfh may be another good example, due to the fact that other than a small rise in the past week it has crashed horribly, that's one rare I would have gotten rid of before it hit bottom. The dragonfire shield is another. I don't know if people junk these or not, but they're good examples of rares that would be a good choice to sell if you're merching them.

 

 

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

 

 

My argument is that it's better not to have junk at all and to sell your rares for profit. There is certainly no value in boosting your bank value with junk, and I have already said the best course of action would be to liquidate it. I have also said that, as is, the only way to liquidate your junk for full value is by junk trading. I understand its value for that purpose and don't dispute that. What I'm disputing is people who think adding junk to a trade makes the rare cost more. It doesn't. We have all agreed to that. You seem to be the only one left on the wrong page. It also doesn't matter if you care how much the game sets prices at, you still have to use those prices because programming prevents you from doing otherwise. GF. :thumbsup:

 

 

 

Actually, I'm pretty sure we all agree YOU have no idea what you're talking about.

 

 

 

What thread are you reading?

[/hide]

 

 

 

The thread where someone's trying to convince everyone that it's better to not have any junk and just sell your items?

 

 

 

Everyone agrees it's better to not have junk... but why should you sell your items if you can't get the proper price for it? You continue to ignore this fact with every post. NO ONE wants to take a 400M loss because of Jagex's stupidity. NO ONE. Also, on the note of junk... you don't just get junk for no reason. You get junk because you were training a skill, or you got it from a drop, or you needed to rent some more powerful weapons and armor.

 

 

 

Gaining junk or not isn't your choice. And it's MUCH better to accumulate junk and get the full price for your items than be ripped off, or have to hold onto an item you'd rather sell, but can't for the proper price.

 

 

 

 

 

soma it's only a loss if you payed that much for it then sold it for much less

 

The price you get is for the junk not for the rare.....

[Soma2035]

[hide=Quote Chain]

Like I have said before, If you have no junk that you need to get rid of, and a stagnant rare your best option is to put it on the G.E. regardless of how under-priced it is, because this is the only way to make a true profit

 

 

 

I've got a third age robe top and a third age amulet. I've bought the robe top when it was 22M and the amulet when it was 20M.

 

 

 

If I would sell them now on the GE for max, i'd make around 45M.

 

If I did what you said and sold them on the GE when I got them I would have made 3M.

 

 

 

How can you possible say selling is your best option for making profit?

 

 

 

You are also saying that by keeping the item you will only contribute to the stagnation of the price. While this is true, who in their right mind sacrificies 42M to "help the community" by letting those undervalued items go up quicker. Who?

 

 

 

I certainly don't.

 

 

 

On the other hand, I do agree it's very silly of people to spend hours upon hours collecting junk. That's a small minority though. Most people with a lot of junk have either accumulated it over time, or have gotten it by buyng some underpriced item. In those cases, you're best off selling your rare with that junk, and this way, liquidate those frozen assets. But I think you already said that too. I was just pointing out that there's few people who actively seek for junk. Those oportunities are long gone.

 

 

 

Ok Bedman, I agree holding your third age was smart, but obviously the prices weren't stagnant before because they're easily triple the price they were back then, to which i'd say well done holding. Actually, I just looked at the G.E. for third age, and all three sets have shown more than a 15% increase in the past 30 days. So I guess third age isn't stagnant. Quite the dilemma, but it's promising because it shows some people are using the G.E. to trade it.

 

 

 

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

The Dfh may be another good example, due to the fact that other than a small rise in the past week it has crashed horribly, that's one rare I would have gotten rid of before it hit bottom. The dragonfire shield is another. I don't know if people junk these or not, but they're good examples of rares that would be a good choice to sell if you're merching them.

 

 

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

 

 

My argument is that it's better not to have junk at all and to sell your rares for profit. There is certainly no value in boosting your bank value with junk, and I have already said the best course of action would be to liquidate it. I have also said that, as is, the only way to liquidate your junk for full value is by junk trading. I understand its value for that purpose and don't dispute that. What I'm disputing is people who think adding junk to a trade makes the rare cost more. It doesn't. We have all agreed to that. You seem to be the only one left on the wrong page. It also doesn't matter if you care how much the game sets prices at, you still have to use those prices because programming prevents you from doing otherwise. GF. :thumbsup:

 

 

 

Actually, I'm pretty sure we all agree YOU have no idea what you're talking about.

 

 

 

What thread are you reading?

[/hide]

 

 

 

The thread where someone's trying to convince everyone that it's better to not have any junk and just sell your items?

 

 

 

Everyone agrees it's better to not have junk... but why should you sell your items if you can't get the proper price for it? You continue to ignore this fact with every post. NO ONE wants to take a 400M loss because of Jagex's stupidity. NO ONE. Also, on the note of junk... you don't just get junk for no reason. You get junk because you were training a skill, or you got it from a drop, or you needed to rent some more powerful weapons and armor.

 

 

 

Gaining junk or not isn't your choice. And it's MUCH better to accumulate junk and get the full price for your items than be ripped off, or have to hold onto an item you'd rather sell, but can't for the proper price.

 

 

 

 

 

soma it's only a loss if you payed that much for it then sold it for much less

 

The price you get is for the junk not for the rare.....

 

 

 

... Mad was right I guess. This is arguing with a brick wall. I'm going to leave after this post since this argument seems more or less futile at this point.

 

 

 

1) An item has value. It's a loss if you sell the item for less than it's value. If I get an Abyssal whip, then accidentally cast high alchemy on it, I did not gain 72K. I LOST over a million. Why? Because by getting it as a drop, it raises my overall, ACTUAL value by the equilibrium price of that item.

 

 

 

2) Yes, the price I get, as far as Jagex's system goes, is for the junk, not the item. However, it's a price I would only have received from selling the rare item alongside the junk. Junk is not worth the amount Jagex prices it at. In this way, I compensate for the loss on the sale of a rare item by disposing of junk for more than I would normally be able to.

 

 

 

So yes, people SHOULD junk trade. When they have a rare item that is underpriced in the GE, no matter how they got it, holding onto it until they have enough junk or until the situation changes is the best option.

[Madmanpur3]

Magzar....in real life, would you rather have a car and a thousand clothes pins that the government tells you are worth a thousand dollars each - or a car, a nicely furnished house, a boat, and all the food you want? The first option is worth let's say $1,050,000 while the second option is only worth $1,000,000.

 

 

 

Now keep in mind, these clothes pins can't be used as currency and literally nobody is willing to do business with you if you only offer clothes pins alone.

 

 

 

You're entire argument is that the first option is better than the second...which is RIDICULOUS. Do you profit from junk trades in terms of how much the game tells you all your stuff is worth? Nope. Does anybody care about how much the game tells us our stuff is worth when it's wrong? Nope.

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

I tried to stupify it down to your level, but it looks like I'll have to go even lower. Attempt number two...

 

 

 

You have a rare gem and a thousand clothes pins, the real life GE values the gem at $100,000 and the clothes pins at $1,000 each. You have 1 of two options....

 

 

 

1) You sell the gem on the real life GE for $105,000 and are left with $105,000 cash and 1,000 clothes pins - with that $105,000 you purchase a very nice car. Total value in the end - $1,105,000.

 

 

 

2) You trade the gem alongside the clothes pins to someone for $1,100,000 cash. Then using that cash, you are able to purchase a very nice car, a house, a boat, and all the food you want. Total value in the end - $1,100,000.

 

 

 

Now to repeat myself, you are arguing that option 1 is better since you are left with $5,000 more in the end according to the GE prices....which is (another repeat coming up) RIDICULOUS.

 

 

 

Scenario 1 is selling a divine sigil in the ge, scenario 2 is junk trading the divine sigil...you are telling us that scenario 1 is the better choice so we are telling you that you're argument is very, very dumb.

[PereGrin]

Geez.......it was quite interesting to read all that. And that quote chain was ridiculous.

 

 

 

I see what you both are saying, and i think you both have valid points. To sum up:

 

 

 

Mazgar: Junk trading is worthless, because the price you pay is the price of the junk+the price of the rare. So basically, its not worth it because your not getting any more for your money. Your just getting junk when you buy a rare. Also, the seller is just selling his junk at the GE price anyway, so its not actually that good.

 

 

 

Soma2035: Junk trading is good, because it allows a player to cash in on all the worthless crap that Jagex has overpriced in the GE, or that no one uses. Its a great way to liquidate assets and make a nice cash pile. Junk is annoying, but worth it, because a junk trade will allow you to instantly earn far above the GE price for the main item, and it allows you clear alot of bank space that is used from when you spent time skilling.

 

 

 

I almost agree with both of you. I have felt for a while that it would be nice if we could somehow get all the rares and other prices up to where they should be to reflect demand. But also, this would require many thousands of people to take many millions of loss to do. This is a good demonstration of the problems that arrise when the government institutes price controls. The government never does a good job about it, and it normally results in the almost total collapse of the economy, over time. Apparently, the Rich rule the world, and the rest of us poor saps have to dance to their tune.

 

 

 

If you watch the market tho, you will see something that both of you missed. Both of your arguments are founded on the supply. Soma2035 says in a nut shell that the suppliers must lower prices for a short time, in order to gradually raise them to where they should be. Mazgar says that suppliers should continue to maintain prices, because it will keep the ammounts of GP in the market stable, thus keeping the already flimsy market as shored up as can be achieved. From where I stand, I think I might see a third possible solution.

 

 

 

Here is my idea. Do not change anything about the selling process of rares. The owners get to decide what to sell the rares for, and there is really nothing anyone can do about it. Rather, the much larger masses of not so rich people need to start changing. They may not have any rares, but they are working their way up to them. So, do not change the supply, change the demand. Let the players who scrimp and save and pull all thier money together refuse to buy the junk trades. Operate through the GE. When you want that santa, or that mask set, don't pay the money in a junk trade, put it in the GE and wait. Yeah, it might take a while, but then again, you will end up saving money. Post for the max price, and sit there and wait for it to go up. In and of themselves, rares are worthless. A player who wants to sell his santa for 45mil when the GE says 19mil is allowed to charge that much for his santa. But no one has to buy it. If he cant get rid of it, it will become worth less in his eyes. He will see it sitting in his bank, and think

 

 

 

"hmmm.....if I could sell that for 25mil, I would have enough to get the Armadyl GS of my dreams, and I would be able to make money with the GS." A little later, "hmmm....the GS is going down, and the santa's are going up slowly. The GE price for the Santa is now 22mil, which is exactly what I need to buy the GS and still have a respectable amount left over."

 

 

 

So he puts the santa in the GE, and it gets sold at the max price, thus driving the max price up, and getting him his GS. While everyone may not be completely happy, it is a workable solution. The GE price will slowly crawl up to where it should be, and for the most part, people will be able to go on living. The little guy will get a better shot at the rare he has always wanted, and the rich guys will get the high prices for rare items that they want. It will take more time then the other proposed solutions, but it will keep everyone happier.

 

 

 

In closing, screwing around with supply makes alot of demanding people mad, but screwing with demand only makes a few suppliers mad. Please consider :)

[Brawleyman19]

I'm going to be honest; I didn't read any posts except the first one, so I apologize in advance if someone has already proposed this: What if we simply stop considering "junk trading" to be "junk trading"? Let's say you get your smithing level to 99 and you have a whole lot of mith/addy by-product with a higher ge value than alch value. How do you go about getting the best price for all of that equipment? Since there isn't much of a demand for most of it, the best way to sell it is to force consumers to buy it through "junk trades".

 

 

 

So if someone wants to buy some d claws, you allow them to buy the claws at average price from you, under the condition that they agree to purchase a whole bunch of low level equipment from you at average price in the same transaction.

 

 

 

And nobody looses, because the buyer can turn around and do the exact same thing.

 

 

 

If you want an overpriced item, simply be prepared to buy a lot of other stuff along with it.

[acenator]

Hey, about that profit definition and the wikipedia link:

 

 

 

First off, I, personally, don't trust wikipedia.

 

 

 

Secondly, the "profit (economics)" definition given by wikipedia (I only use this because you provided the link and dictionary.com (which ou shoud seriously consider using more often (check for my post a few pages back where I post the definitions of profit, value, and cost)) agrees with the definition) is as follows:

 

An economic profit arises when its revenue exceeds the total (opportunity) cost of its inputs

With that said, how is selling junk that you got for absolutely nothing (and therefore the "cost of inputs" is 0), at inflated prices to boot, not profiting?

 

 

 

As for this thing about you getting a 97% in an economics class (assuming it's true), I have heard stories of successful businessmen sending their son/daughter to college to get a degree in economics only to come back home knowing LESS than they did when they left.

 

 

 

Also, since I doubt you'll bother going to dictionary.com, I thought I might as well post a few definitions for you.

 

PROFIT

 

1. Often, profits.

 

a. pecuniary* gain resulting from the employment of capital in any transaction. Compare gross profit, net profit.

 

b. the ratio of such pecuniary gain to the amount of capital invested.

 

c. returns, proceeds, or revenue, as from property or investments.

 

2. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit.

 

3. advantage; benefit; gain.

 

------------

 

COST

 

1. the price paid to acquire, produce, accomplish, or maintain anything: the high cost of a good meal.

 

2. an outlay or expenditure of money, time, labor, trouble, etc.: What will the cost be to me?

 

------------

 

VALUE

 

1. relative worth, merit, or importance: the value of a college education; the value of a queen in chess.

 

2. monetary or material worth, as in commerce or trade: This piece of land has greatly increased in value.

 

3. the worth of something in terms of the amount of other things for which it can be exchanged or in terms of some medium of exchange.

 

4. equivalent worth or return in money, material, services, etc.: to give value for value received.

 

5. estimated or assigned worth; valuation: a painting with a current value of $500,000.

 

----------

 

*PECUNIARY

 

1. of or pertaining to money: pecuniary difficulties.

 

2. consisting of or given or exacted in money or monetary payments: pecuniary tributes.

 

 

 

Now, take those definitions and apply them to the equation you provided earlier (profit = sale price - cost of goods). Once you've done that, apply them to a junk trade. The result should be something like this:

 

d claws: cost = 1 mill in supplies to kill tormented demons; sale price: 18.8 mill (the current "market" price); profit = 18.8 mill - 1 mill = 17.8 mill

 

junk: cost = 0 (you picked them off the ground and/or got them as a byporduct of some other activity); sale price = 31 mill; profit = 31 mill - 0 = 31 mill

 

Total profit = 31 mill + 17.8 mill = 48.8 mill

 

 

 

Get the picture?

[Fromfirst2Last1987]

junk trading is part of the game get over it

[bedman]

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

Of course you are better off selling your partyhats in the GE. They are OVERpriced. Nobody is willing to buy them for full cash, let alone a partyhat + junk for full cash.

 

I was thinking we were finally getting somewhere, but this statement made me doubt it.

[magzar]

So I guess 3rd age is a bad example. A better one is party hats, those are totally stagnant, or declining. They would be an ideal rare to trade on the G.E.

 

 

 

Of course you are better off selling your partyhats in the GE. They are OVERpriced. Nobody is willing to buy them for full cash, let alone a partyhat + junk for full cash.

 

I was thinking we were finally getting somewhere, but this statement made me doubt it.

 

 

 

 

 

i don't know what items are junked and which aren't

 

i was just saying party hats are pretty much stagnant

[magzar]

Magzar....in real life, would you rather have a car and a thousand clothes pins that the government tells you are worth a thousand dollars each - or a car, a nicely furnished house, a boat, and all the food you want? The first option is worth let's say $1,050,000 while the second option is only worth $1,000,000.

 

 

 

Now keep in mind, these clothes pins can't be used as currency and literally nobody is willing to do business with you if you only offer clothes pins alone.

 

 

 

You're entire argument is that the first option is better than the second...which is RIDICULOUS. Do you profit from junk trades in terms of how much the game tells you all your stuff is worth? Nope. Does anybody care about how much the game tells us our stuff is worth when it's wrong? Nope.

 

Madmanpur3 i think pretty much everyone agrees that you don't know what you're talking about, especially since you in essence just asked me if i'd rather have a rare and a ton of junk, or a group of rares. That analogy doesn't even come close to making sense in this argument.

 

I tried to stupify it down to your level, but it looks like I'll have to go even lower. Attempt number two...

 

 

 

You have a rare gem and a thousand clothes pins, the real life GE values the gem at $100,000 and the clothes pins at $1,000 each. You have 1 of two options....

 

 

 

1) You sell the gem on the real life GE for $105,000 and are left with $105,000 cash and 1,000 clothes pins - with that $105,000 you purchase a very nice car. Total value in the end - $1,105,000.

 

 

 

2) You trade the gem alongside the clothes pins to someone for $1,100,000 cash. Then using that cash, you are able to purchase a very nice car, a house, a boat, and all the food you want. Total value in the end - $1,100,000.

 

 

 

Now to repeat myself, you are arguing that option 1 is better since you are left with $5,000 more in the end according to the GE prices....which is (another repeat coming up) RIDICULOUS.

 

 

 

Scenario 1 is selling a divine sigil in the ge, scenario 2 is junk trading the divine sigil...you are telling us that scenario 1 is the better choice so we are telling you that you're argument is very, very dumb.

 

 

 

 

 

hey genius i've already said multiple times, if you have the junk, it's better to initiate a junk trade to rid yourself of it, and then start using the G.E.

 

If I had a gem, and 1000 clothes pins, and could sell them together for 1,100,000 i would. However, if I only had the gem, I would see it by itself rather than trying to find 1000 clothes pins.

 

I don't get what you haven't gotten about that, because I've repeated it multiple times.

[magzar]

Geez.......it was quite interesting to read all that. And that quote chain was ridiculous.

 

 

 

I see what you both are saying, and i think you both have valid points. To sum up:

 

 

 

Mazgar: Junk trading is worthless, because the price you pay is the price of the junk+the price of the rare. So basically, its not worth it because your not getting any more for your money. Your just getting junk when you buy a rare. Also, the seller is just selling his junk at the GE price anyway, so its not actually that good.

 

 

 

Soma2035: Junk trading is good, because it allows a player to cash in on all the worthless crap that Jagex has overpriced in the GE, or that no one uses. Its a great way to liquidate assets and make a nice cash pile. Junk is annoying, but worth it, because a junk trade will allow you to instantly earn far above the GE price for the main item, and it allows you clear alot of bank space that is used from when you spent time skilling.

 

 

 

I almost agree with both of you. I have felt for a while that it would be nice if we could somehow get all the rares and other prices up to where they should be to reflect demand. But also, this would require many thousands of people to take many millions of loss to do. This is a good demonstration of the problems that arrise when the government institutes price controls. The government never does a good job about it, and it normally results in the almost total collapse of the economy, over time. Apparently, the Rich rule the world, and the rest of us poor saps have to dance to their tune.

 

 

 

If you watch the market tho, you will see something that both of you missed. Both of your arguments are founded on the supply. Soma2035 says in a nut shell that the suppliers must lower prices for a short time, in order to gradually raise them to where they should be. Mazgar says that suppliers should continue to maintain prices, because it will keep the ammounts of GP in the market stable, thus keeping the already flimsy market as shored up as can be achieved. From where I stand, I think I might see a third possible solution.

 

 

 

Here is my idea. Do not change anything about the selling process of rares. The owners get to decide what to sell the rares for, and there is really nothing anyone can do about it. Rather, the much larger masses of not so rich people need to start changing. They may not have any rares, but they are working their way up to them. So, do not change the supply, change the demand. Let the players who scrimp and save and pull all thier money together refuse to buy the junk trades. Operate through the GE. When you want that santa, or that mask set, don't pay the money in a junk trade, put it in the GE and wait. Yeah, it might take a while, but then again, you will end up saving money. Post for the max price, and sit there and wait for it to go up. In and of themselves, rares are worthless. A player who wants to sell his santa for 45mil when the GE says 19mil is allowed to charge that much for his santa. But no one has to buy it. If he cant get rid of it, it will become worth less in his eyes. He will see it sitting in his bank, and think

 

 

 

"hmmm.....if I could sell that for 25mil, I would have enough to get the Armadyl GS of my dreams, and I would be able to make money with the GS." A little later, "hmmm....the GS is going down, and the santa's are going up slowly. The GE price for the Santa is now 22mil, which is exactly what I need to buy the GS and still have a respectable amount left over."

 

 

 

So he puts the santa in the GE, and it gets sold at the max price, thus driving the max price up, and getting him his GS. While everyone may not be completely happy, it is a workable solution. The GE price will slowly crawl up to where it should be, and for the most part, people will be able to go on living. The little guy will get a better shot at the rare he has always wanted, and the rich guys will get the high prices for rare items that they want. It will take more time then the other proposed solutions, but it will keep everyone happier.

 

 

 

In closing, screwing around with supply makes alot of demanding people mad, but screwing with demand only makes a few suppliers mad. Please consider :)

 

 

 

 

 

i agree with this solution wholeheartedly. This is actually basically what I was originally trying to suggest before the thread became a massive debate over whether junk trading makes profit or not.

[PereGrin]

thank you. I think what happened was that you didnt immediatly clarify what you were saying in the first thread. I read teh entire thing, and it looked like people were taking you to be saying that they should take a "loss" and sell their stuff via GE. Better if people bought it on the GE and the owners could decide to keep it, or sell on GE for the GE price. That way, the sellers make their own decision, which is better. I think what started it was that people though you were telling the sellers to take a loss, rather then telling to buyers to be patient. Lol.

 

 

 

Although, from his last post, I don't thing Soma2035 is gonna be back to see this........lol

[magzar]

thank you. I think what happened was that you didnt immediatly clarify what you were saying in the first thread. I read teh entire thing, and it looked like people were taking you to be saying that they should take a "loss" and sell their stuff via GE. Better if people bought it on the GE and the owners could decide to keep it, or sell on GE for the GE price. That way, the sellers make their own decision, which is better. I think what started it was that people though you were telling the sellers to take a loss, rather then telling to buyers to be patient. Lol.

 

 

 

Although, from his last post, I don't thing Soma2035 is gonna be back to see this........lol

 

 

 

 

 

Yeh I think so, but personally, I would both buy and sell on the GE rather than junk trading, unless i absolutely have to get rid of a ton of junk. Generally when I train skills that produce a lot of junk, I do it incrementally and liquidate it through general stores as I go though. In loo of that, I find ways of training those skills that produce items I can actually sell, even if they're slower experience.

[dorcus1]

Here's the way I see it:

 

 

 

The GE is the primary, or "official" market. This is what everyone should always use, in theory. Normal, balanced player-to-player trading is also the "official" market. But this market isn't a perfect market, or a free market, because it doesn't always allow the buyer and seller to agree to a price. Usually it works (like for most items) but sometimes it fails (like for dclaws, unstrung willows, willows, etc.)

 

 

 

What do you do when there's something wrong with the primary market? Open up a secondary market, a.k.a. black trading. Junk trading is trading outside the primary market. Why does the black market exist? Because it works (in some cases) where the primary market doesn't. I personally believe junk trading is a ridiculous, but necessary solution.

 

 

 

The OP's suggestion is, well, it won't work. BTW, are you trying to buy some underpriced item? :P

 

People are naturally selfish. I'm not gonna sell my santa hat for 1M just because it's 1M on the GE. I'm gonna hold out for the best price I can get. Or just decide not to sell it.

 

 

 

 

 

The solution that will work is to make the market completely free. Allow unbalanced trades back! That way, we won't need junk trades. Unfortunately, this creates another problem with RWT and all that jazz. It works in practice, but it also creates a host of other problems.

 

 

 

The only other solution I can think of is to fix the primary market, the GE. The reason junk trading exists is because the GE has some "market prices" which are different from real market prices, a.k.a. "street price." My solution would be to let the GE prices fluctuate much more rapidly. Let them change each hour, and let them change by 20% each hour. Encourage people to put in trade requests, even if the trades won't go through. Encourage people to offer 1-2M for an underpriced d claws. The trade won't go through, but the GE will realise that there are too many buyers and increase "market price" to compensate. This is already being done, but the prices move much too slowly.

 

 

 

Otherwise, Jagex staff need to pay attention to the "Place bad GE item prices here" RSOF thread. All it takes to fix our RS economy is a few (hundred) corrections in the GE database, done on a regular basis. And idiots have to stop spamming it with false reports like "OMG pure ess is too expensive plz reduce price plz ty!!!!"

[Will H]

Geez.......it was quite interesting to read all that. And that quote chain was ridiculous.

 

 

 

I see what you both are saying, and i think you both have valid points. To sum up:

 

 

 

Mazgar: Junk trading is worthless, because the price you pay is the price of the junk+the price of the rare. So basically, its not worth it because your not getting any more for your money. Your just getting junk when you buy a rare. Also, the seller is just selling his junk at the GE price anyway, so its not actually that good.

 

 

 

Soma2035: Junk trading is good, because it allows a player to cash in on all the worthless crap that Jagex has overpriced in the GE, or that no one uses. Its a great way to liquidate assets and make a nice cash pile. Junk is annoying, but worth it, because a junk trade will allow you to instantly earn far above the GE price for the main item, and it allows you clear alot of bank space that is used from when you spent time skilling.

 

 

 

I almost agree with both of you. I have felt for a while that it would be nice if we could somehow get all the rares and other prices up to where they should be to reflect demand. But also, this would require many thousands of people to take many millions of loss to do. This is a good demonstration of the problems that arrise when the government institutes price controls. The government never does a good job about it, and it normally results in the almost total collapse of the economy, over time. Apparently, the Rich rule the world, and the rest of us poor saps have to dance to their tune.

 

 

 

If you watch the market tho, you will see something that both of you missed. Both of your arguments are founded on the supply. Soma2035 says in a nut shell that the suppliers must lower prices for a short time, in order to gradually raise them to where they should be. Mazgar says that suppliers should continue to maintain prices, because it will keep the ammounts of GP in the market stable, thus keeping the already flimsy market as shored up as can be achieved. From where I stand, I think I might see a third possible solution.

 

 

 

Here is my idea. Do not change anything about the selling process of rares. The owners get to decide what to sell the rares for, and there is really nothing anyone can do about it. Rather, the much larger masses of not so rich people need to start changing. They may not have any rares, but they are working their way up to them. So, do not change the supply, change the demand. Let the players who scrimp and save and pull all thier money together refuse to buy the junk trades. Operate through the GE. When you want that santa, or that mask set, don't pay the money in a junk trade, put it in the GE and wait. Yeah, it might take a while, but then again, you will end up saving money. Post for the max price, and sit there and wait for it to go up. In and of themselves, rares are worthless. A player who wants to sell his santa for 45mil when the GE says 19mil is allowed to charge that much for his santa. But no one has to buy it. If he cant get rid of it, it will become worth less in his eyes. He will see it sitting in his bank, and think

 

 

 

"hmmm.....if I could sell that for 25mil, I would have enough to get the Armadyl GS of my dreams, and I would be able to make money with the GS." A little later, "hmmm....the GS is going down, and the santa's are going up slowly. The GE price for the Santa is now 22mil, which is exactly what I need to buy the GS and still have a respectable amount left over."

 

 

 

So he puts the santa in the GE, and it gets sold at the max price, thus driving the max price up, and getting him his GS. While everyone may not be completely happy, it is a workable solution. The GE price will slowly crawl up to where it should be, and for the most part, people will be able to go on living. The little guy will get a better shot at the rare he has always wanted, and the rich guys will get the high prices for rare items that they want. It will take more time then the other proposed solutions, but it will keep everyone happier.

 

 

 

In closing, screwing around with supply makes alot of demanding people mad, but screwing with demand only makes a few suppliers mad. Please consider :)

 

I like this idea, but there is an issue that remains. Every time a new medium to high 'value' item enters the game, which is fairly frequent, the prices will almost certainly be inaccurate from the start. After all, Jagex have no way of actually knowing what people will pay for an item, it's a case of typing in a guestimated number, holding your breath and hitting enter.

 

Instead, there should be a period of 'correction' for these items, which I'd define as a guestimated worth over 30,000gp (the non-GE trade limit, where junk trading starts to occur), where the GE price starts at the pre-set number, but the limits are relaxed to ±20% (and gradually shrink to ±5%, the more steady the GE price becomes) to get the prices really responsive to a relatively tiny market due to small initial supply.

 

If nothing happens even with this ±20% limit, the GE item price should be reviewed.

 

This would also work for already existing items where the street value is different to the GE value.

[magzar]

Geez.......it was quite interesting to read all that. And that quote chain was ridiculous.

 

 

 

I see what you both are saying, and i think you both have valid points. To sum up:

 

 

 

Mazgar: Junk trading is worthless, because the price you pay is the price of the junk+the price of the rare. So basically, its not worth it because your not getting any more for your money. Your just getting junk when you buy a rare. Also, the seller is just selling his junk at the GE price anyway, so its not actually that good.

 

 

 

Soma2035: Junk trading is good, because it allows a player to cash in on all the worthless crap that Jagex has overpriced in the GE, or that no one uses. Its a great way to liquidate assets and make a nice cash pile. Junk is annoying, but worth it, because a junk trade will allow you to instantly earn far above the GE price for the main item, and it allows you clear alot of bank space that is used from when you spent time skilling.

 

 

 

I almost agree with both of you. I have felt for a while that it would be nice if we could somehow get all the rares and other prices up to where they should be to reflect demand. But also, this would require many thousands of people to take many millions of loss to do. This is a good demonstration of the problems that arrise when the government institutes price controls. The government never does a good job about it, and it normally results in the almost total collapse of the economy, over time. Apparently, the Rich rule the world, and the rest of us poor saps have to dance to their tune.

 

 

 

If you watch the market tho, you will see something that both of you missed. Both of your arguments are founded on the supply. Soma2035 says in a nut shell that the suppliers must lower prices for a short time, in order to gradually raise them to where they should be. Mazgar says that suppliers should continue to maintain prices, because it will keep the ammounts of GP in the market stable, thus keeping the already flimsy market as shored up as can be achieved. From where I stand, I think I might see a third possible solution.

 

 

 

Here is my idea. Do not change anything about the selling process of rares. The owners get to decide what to sell the rares for, and there is really nothing anyone can do about it. Rather, the much larger masses of not so rich people need to start changing. They may not have any rares, but they are working their way up to them. So, do not change the supply, change the demand. Let the players who scrimp and save and pull all thier money together refuse to buy the junk trades. Operate through the GE. When you want that santa, or that mask set, don't pay the money in a junk trade, put it in the GE and wait. Yeah, it might take a while, but then again, you will end up saving money. Post for the max price, and sit there and wait for it to go up. In and of themselves, rares are worthless. A player who wants to sell his santa for 45mil when the GE says 19mil is allowed to charge that much for his santa. But no one has to buy it. If he cant get rid of it, it will become worth less in his eyes. He will see it sitting in his bank, and think

 

 

 

"hmmm.....if I could sell that for 25mil, I would have enough to get the Armadyl GS of my dreams, and I would be able to make money with the GS." A little later, "hmmm....the GS is going down, and the santa's are going up slowly. The GE price for the Santa is now 22mil, which is exactly what I need to buy the GS and still have a respectable amount left over."

 

 

 

So he puts the santa in the GE, and it gets sold at the max price, thus driving the max price up, and getting him his GS. While everyone may not be completely happy, it is a workable solution. The GE price will slowly crawl up to where it should be, and for the most part, people will be able to go on living. The little guy will get a better shot at the rare he has always wanted, and the rich guys will get the high prices for rare items that they want. It will take more time then the other proposed solutions, but it will keep everyone happier.

 

 

 

In closing, screwing around with supply makes alot of demanding people mad, but screwing with demand only makes a few suppliers mad. Please consider :)

 

I like this idea, but there is an issue that remains. Every time a new medium to high 'value' item enters the game, which is fairly frequent, the prices will almost certainly be inaccurate from the start. After all, Jagex have no way of actually knowing what people will pay for an item, it's a case of typing in a guestimated number, holding your breath and hitting enter.

 

Instead, there should be a period of 'correction' for these items, which I'd define as a guestimated worth over 30,000gp (the non-GE trade limit, where junk trading starts to occur), where the GE price starts at the pre-set number, but the limits are relaxed to ±20% (and gradually shrink to ±5%, the more steady the GE price becomes) to get the prices really responsive to a relatively tiny market due to small initial supply.

 

If nothing happens even with this ±20% limit, the GE item price should be reviewed.

 

This would also work for already existing items where the street value is different to the GE value.

 

 

 

 

 

That's a good idea in theory, but I still don't know if people could curb their greed long enough to implement it. If the first people to get the items decide they want them to be 100x the G.E. price and go around telling everyone that's what they're worth, then the gullible players of runescape will fall in behind it like sheep obeying the hounds. Somehow I think that even if Jagex took major strides in making items G.E. prices match their street value and placed new items at much higher starting prices, players would still choose to set their prices much higher. For instance, imagine if Jagex released Divine or Elysian armor, and valued each piece at 100m starting price, do you think players would be satisfied, or do you think the players who got their hands on it first would decide it should be worth 500m per piece because they want more out of it. I really do believe that the best way to stop players from doing that is to bring in a system to liquidate junk for, or slightly below, G.E. prices.

 

 

 

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