iron ore is 210 each, this could be because of increased demand of some sort, or merchants due to the market for iron ore being relatively small, or maybe even inflation?

 

 

 

 

 

heres the chart for it:

 

http://itemdb-rs.runescape.com/Iron_ore ... 40&scale=2

 

 

 

iron ore has always been a stable item for many years, now look at what it has become even under these tough times.

Haven't we seen this happen to many items before? What makes iron ore any different?

 

 

 

My guess is merch clans.

I thought iron was too big of an item to be bough out by any clan, because it is so easy to obtain, I would think the supply would always be bigger than the demand. But who knows, maybe a ton of smithers out of the 76k noobs? lol who knows

Just about everything has been going up all summer. Maybe it's simply because of everyone being off school and demand going up.

Well, time to sell those 10,000 ore I've had sitting in my bank for the past 6 months.

Well, time to sell those 10,000 ore I've had sitting in my bank for the past 6 months.

 

 

 

This is exactly right -- I sold all of mine. Merchers can't effectively buy out iron ore. Every newb in the game can mine it. At this price, I'm sure people already are starting to pound away at iron rocks.

Just about everything has been going up all summer. Maybe it's simply because of everyone being off school and demand going up.

 

this

Just about everything has been going up all summer. Maybe it's simply because of everyone being off school and demand going up.

 

this

 

 

 

even though iron has been 100 each, since the dawn of its creation?

 

 

 

why wasnt it 210 each last year or the year before?

Merching clans. :wall: *Grinds teeth*

 

 

 

*Sigh*

Maybe multiple merch clans are working together to buy out iron? That's the only possible way that they could create enough artificial demand to deplete the supply and make the price soar.

Just about everything has been going up all summer. Maybe it's simply because of everyone being off school and demand going up.

 

this

 

 

 

even though iron has been 100 each, since the dawn of its creation?

 

 

 

why wasnt it 210 each last year or the year before?

 

 

 

Iron ore was 150 ea for years tbh.

I don't understand how merching clans would be able to do this effectively...There is very little demand for iron ore...mainly because the supply is so massive, and also because you only need iron ore to 68 smithing...once there, there is really no use for it. I'm kind of baffled it it's just because of general inflation. I really don't see how a clan would be able to keep the price from toppleing...

Maybe it is being influenced by the demand of cannonballs (~275 ea).

Maybe it is being influenced by the demand of cannonballs (~275 ea).

 

^ i lol'd

 

 

 

on a more serious note i'm losing faith in runescape's economy

I think it could be merch clans because i doubt that there is as much supply as you guys are making out to be.

....

 

 

 

Did anybody forget about the overall inflation from PvP in the past few months?

It could be an increased demand for people making money via steel bars?

Maybe it is being influenced by the demand of cannonballs (~275 ea).

 

^ i lol'd

 

 

 

on a more serious note i'm losing faith in runescape's economy

 

 

 

Well it's run by 11 and 12 year olds.

i think there's something everyone is missing. regardless of the supply, increased demand will drive up the price. it doesnt matter if there is an unending supply, with the way the ge works as long as sales are being made at max, the price will go up. a clan does not need to buy out the entire market to effect the price

I really think Jagex needs to take action against merchants, not simply encouraging players to avoid them. They said the same thing for 26king but nothing changed till Jagex stepped in with more updates. But I guess Jagex has to play it cautiously, they don't want another pvp update where it fixes one problem and causes 5 others. Especially with most of the runescape economy lying in the balance, an aggressive and sudden update from Jagex could put a slight dent in merching clans but they will find a way around it, and players will have to suffer the consequences of such an update. I'm hoping that if Jagex isn't going to take action right away that they at least start PLANNING a fight with these clans. Things like these can't go without response from Jagex. Nothing grinds my gears more than a merchant clan attacking one item and it reverberates on many other items.

 

 

 

As someone else said, iron ore may be shooting up because cannonballs were being merched, thus affecting steel bars and the ores that make it, and in turn will probably affect items that are smithed from steel like armor (not like they were a huge part of the economy anyway, but still).

I'm guessing increased demand. Most people normally just powermine and don't bank so there are so few people who sell it on the ge. I'm guessing more people are making granite crabs and steel bars.

 

 

 

Yeah, this item is probably too big for merchant clans unless a couple of them joined together :\

Inflation has been high this summer, but nothing goes up 100% in a month without help from a merchant clan. In this case, a group of idiots--who for some reason bought out one of the easiest items to obtain in the game-- led by a genius who is about to get rich off their ignorance.

It's the f2p merch clan "first merch" :roll: :shock: :o

Well, he can't be getting that rich, dumping that amount of ore would take way too long before the price bottomed out. He'd have to fight to break even.

Maybe it is being influenced by the demand of cannonballs (~275 ea).

 

^ i lol'd

 

 

 

on a more serious note i'm losing faith in runescape's economy

 

 

 

Oops my bad :P I haven't made cannonballs in years #-o