Inflation dying off?

[JoeDaStudd]

A few days ago I was looking to sell my SGS for ZGS, runes and some cash.

During the weekend they'd been selling well on the RSOF, lots of buyers not too many sellers and decent prices.

 

So I posted on Monday with my offer and the lowest I would except. Nothing no posts on my topic, so I though hey why not use it and try again tomorrow.

I looked back yesterday and people where starting the process of dumping high cost equipment. Everything from AGS right down to Z spears.

At first I was a bit skeptical so I checked the GE 0 change, which normally means a crash is about to happen and/or Jagex are trying to stop one happening.

Then I though I'll test the water. I put it on for max - no sale, slightly above max - no sale, mid - no sale, slightly below mid - no sale, slightly above min - sale (well it sold for ~77m which is a lot more then I paid for it anyway).

 

In short is inflation now actually starting to drop (highest cost items first) or is it just a pre-Christmas crash I witnessed?

[Assume Nothing]

Prices of high level items can drop anytime for being overpriced as they are, but the economy is influenced more than just pure inflation or deflation. May just be a small crash and ends up with a rebound like the one withnessed a few days after the anti76k update

[Silver_Corner]

Even with inflation there are still mountains and valleys in the GE prices.

 

Other factors such as merchating clans and updates also have a impact on item prices.

 

For this example, many people thought this week would be a large boss type monster (based on the twitter hint). People bought out a large number of boss related items (Z spears, SGS, ect..) in hopes they would either profit from selling them or use them for bosses.

 

This week's update was different than expected and resulted in a number of people dumping all the items they bought to use for this purpose. It's only a temporary crash, a valley in the GE price. It will rebound.

 

Inflation will never stop until more is done about 76king.

[Gin_and_Tonic]

Inflation is still occuring, just not at sigh high amounts we've been experiencing since 76k. 76k fuelled inflation with masses of cash being dumped into Runescape with little risk, and when Jagex 'killed' 76king, people pancic'd and dumped everything... The prices are slowly moving back up to their original prices, as people realise they're actually no worse off since Jagex updating 76king...

 

So inflation hasn't died out, its just not working at the same previous rates. As long as theres merchants and ridiculous PVP drops from targets risking nothing, then inflation will continue.

[Zaaps1]

There is always inflation as long as we have coin monster drops, general stores and alchemy. 76k'ing is just another factor, although a dominant one.

[JoeDaStudd]

There is always inflation as long as we have coin monster drops, general stores and alchemy. 76k'ing is just another factor, although a dominant one.

Not entirely true.

Pre 26k'ing almost all equipment was slowly dropping, not increasing.

 

Previously the amount of GP entering the game was always less then or equal to the sink holes (summoning, construction and magic being the big 3), so items only really ever increased in value if supply dropped massively or they were merchanted.

[HexiledRazz]

No, it's still at large.

 

You can't really base a theory of inflation dieing off just because some items were seen dropping for a day. And no huge updates that would obviously effect it directly took place.

 

It won't stop until something is done with PK'ing and merching. Something done with one or the other will effect it also. But not as much as if both are taken care of.

[JoeDaStudd]

Yep looks like you guys were right there starting to rise again.

It gave me an intensive to finally sell my SGS though (I love it, but 75m+ is so much).

 

I've learnt my lesson don't believe anything you hear or see on RSOF

[Fools_Taco]

There have been no significant money sinks put into the game therefore inflation is just as bad as it was before and getting worse every day. The shift in price you are seeing is just runescape buy/sell emotion based on nothing more then people buying items they cant afford hoping they rise in price.

 

PS: i remember you from another thread joe, you are a noob!

[Assume Nothing]

Inflation hasn't died off, why everyone seems to blame 76king I have no idea, sure it's a major factor, but PvP statuette drops as a whole contributes to the inflation, NOT JUST 76KING. The important thing in economics is looking at the big picture, the 'big picture' isn't just what's in your bank, or what's in the dude with 20b in items worth in his/her bank, it's the economy as a whole. Cash floods in with statuettes from targets and normal pvping alone. Anyone remember the massive deflation of items when pvp started dropping barrows, infinity, dfs and dfh? Not many people 26k'd back then, but they were still going down in value; why? Because the pvp system as a whole had the major flaw of instant creation of an item/gold into the economy, which never happened before.

 

It seems that most people don't realise skills like herblore and construction isn't true money sinks, all those skills do is spread around the gp's and destroy/change the items, never really taking out the money. People question: Why isn't there a summer crash this year? When will it happen? The answer is, really, 'never', because partyhats were rising, the number one trend setting item there is, the confidence of w2 is in the partyhats.

 

It seems that most people point fingers at 26k/76king because it's an easy target to pick on. Seriously, if Jagex literally made 76king impossible (yeah, not likely, but for the sake of arguement just assume they do), would inflation REALLY die off? Not really, target drops are still insanely high, usually more than half in the form of statuettes which is basically pure cash. Pvpers also bring in a heap of cash too, more than one would expect.

 

The only solution Jagex can give to end this inflation madness is to: Totally rework the GE (not realistic but hey, Jagex has pulled off some good work before) to prevent manipulation and also totally reworking the pvp drop system. Infact, what harm could be done if all pvp rewards were untradeable and has special properties like the divine/elysian shield? Another great SOLUTION to the problem is for new moneysinks such as an MTK upgrade (hey, who thought that something profitable can be a moneysink?) or Pvp armour repair to make real use out of Pvp armour? Say, 70% of the ge cost fixable once with bob in lumbridge, in it's "Degraded" form. That way it actually leaves the game thus creating enough demand to keep the prices relatively stable yet have an effective moneysink to fight the money overflowing into the economy.

 

There are ways Jagex to solve the problems, however, Jagex is stubborn to admit or aknowledge their own wrongdoings. Anyways, enough of my little rant type post, gotta sleep dammit.

[kidcupcake]

Inflation hasn't died off, why everyone seems to blame 76king I have no idea, sure it's a major factor, but PvP statuette drops as a whole contributes to the inflation, NOT JUST 76KING.

 

The real reason why prices have changed since 76king (or mainly PvP) is because when you die now, you lose your items completely. The other person doesn' recieve them, they just disappear. Nobody gets them, which means that the number of these items decreases dramatically, and therefore; the prices increase dramatically.

 

Until Jagex does something with the current PvP (although fixing 76k-ing is also important), the prices as well of inflation are going to keep rising.

[stonewall337]

Inflation hasn't died off, why everyone seems to blame 76king I have no idea, sure it's a major factor, but PvP statuette drops as a whole contributes to the inflation, NOT JUST 76KING.

 

The real reason why prices have changed since 76king (or mainly PvP) is because when you die now, you lose your items completely. The other person doesn' recieve them, they just disappear. Nobody gets them, which means that the number of these items decreases dramatically, and therefore; the prices increase dramatically.

 

Until Jagex does something with the current PvP (although fixing 76k-ing is also important), the prices as well of inflation are going to keep rising.

 

No??? You don't PvP. It is quite common to receive at least 1 of the items the other person was wearing, and it is not at all rare for you to get their whole set. This even happens with barrows, whips, and d boots.