RS Economics #1

[mario_sunny]

This is why I like to have virtually nothing in my bank. Its just safer that way. Who knows, you may wake up and see runescape gold is useless! Then I'll be the one laughing then... all of you would be just as worthless as me, and I didn't even have to work for all that money. :twisted:

 

My advice: Spend all your bank on skills. :thumbup:

[Wkw]

Disks of Returning havn't ever gone down in the past 6 months; are they being used as a form of currency?

[Robert_R]

Disks of Returning havn't ever gone down in the past 6 months; are they being used as a form of currency?

All discontinued rares are used as currency. Disks, easter eggs, pumpkins, etc. All traded for other items mainly partyhats.

[Yay0siris]

i don't even know what a mint cake is lol

[predator1030]

grimy torstol, can transfer around 70m/h

What exactly do you mean by that?

 

I think what he means is that if one can buy the grimy torstol at 11k ea they can transfer that to another account which can clean it and sell it for 20k ea, thus doubling their money. Mind you its almost impossible to buy grimy torstols at the moment.

 

Back on topic, I think the only reason mint cakes are so expensive is because stakers are using it extensively. When mints were under 30k, the price was ~ 4m each. Since the most you can stake is 60k, stakers could stake a max of 2 mints, which would be ~ 8m. Now that mints are over 30k, the price has suddenly shot up from 4m to 10m! Anyone else see a correlation between the number of stakeable mints and the increased price?

[Robert_R]

 

Back on topic, I think the only reason mint cakes are so expensive is because stakers are using it extensively. When mints were under 30k, the price was ~ 4m each. Since the most you can stake is 60k, stakers could stake a max of 2 mints, which would be ~ 8m. Now that mints are over 30k, the price has suddenly shot up from 4m to 10m! Anyone else see a correlation between the number of stakeable mints and the increased price?

I wonder what will happen when they reach over 60k each in the ge. End of mint cake currency maybe?

[predator1030]

 

Back on topic, I think the only reason mint cakes are so expensive is because stakers are using it extensively. When mints were under 30k, the price was ~ 4m each. Since the most you can stake is 60k, stakers could stake a max of 2 mints, which would be ~ 8m. Now that mints are over 30k, the price has suddenly shot up from 4m to 10m! Anyone else see a correlation between the number of stakeable mints and the increased price?

I wonder what will happen when they reach over 60k each in the ge. End of mint cake currency maybe?

 

Ya thats exactly what I was thinking too, it will be interesting to see what will happen when they go over 60k. I don't think mint cakes will be totally useless, i mean they are still pretty rare. I think a stabilized price at 1-2m wouldn't be too unreasonable, thus they would probably still have a use in trading. But if mints do crash when they pass 60k im guessing a lott of people holding mints aren't gonna be too happy :razz:

[Mike_Ike111]

The point of mints are not because somebody needs a new currency. The reason people use mints is because they need a way to get rid of junk. It all boils down to the fact that the GE does not update enough for the street price of items, so people need junk to bring the value up. When you receive junk you need a way to get rid of it, and that is where Mints come in. They are woven into the whole rares market at the moment, and are buried deep within. You can't buy a partyhat without an Egg or mints, because when diving into the rares market you accumulate junk, thus requiring a way to get rid of junk which is mints or other such items.

[Assume Nothing]

I regard all mint cakes and edibles as adopted forms of currency. With Maple Longbow (u)'s being quite literally worthless, many just use hyperinflated manipulation items that will eventually sell when they lose half it's value or more.

 

I agree with Llavada, they are regarded as 'hot potatoes' so to speak. All I see in w2 ge is literally people buying a mint cake and immediately trying to sell off a crashing with the mint cake or buy a rising with it. Althuogh, this speculation is pointless so I'll just leave this here.

[RSonomics]

Mint cakes will be stable, until in a while, well they're not. There's bound to be someone on rs who has secretly beendoing the minigame and collecting hundreds of mints all this time. Now, when that person goes to w2 and says "hey look at all these mints," then the ppl on w2 will panic thinking, well, if one guy has this many then there has to be a lot more like him! So they'll look for a new item, even more rare, and use that instead.

 

You could say that for any item with high value. The fact is, the reason these items hold their high value is because they are very difficult to obtain. If one person has seriously been playing the minigame 24/7, then he is simply an anomaly, and would still not have nearly enough impact to actually affect the item's price. That's the equivalent of saying one person doing Arma runs all day will hurt the prices of AGS's.

 

Disks of Returning havn't ever gone down in the past 6 months; are they being used as a form of currency?

 

As was said earlier on this thread, items like Disks / Easters / Pumpkins are already seen as a form of currency in the Rares market. However, their prices are high enough that they are only involved in very large trades.

 

grimy torstol, can transfer around 70m/h

What exactly do you mean by that?

I think what he means is that if one can buy the grimy torstol at 11k ea they can transfer that to another account which can clean it and sell it for 20k ea, thus doubling their money. Mind you its almost impossible to buy grimy torstols at the moment.Back on topic, I think the only reason mint cakes are so expensive is because stakers are using it extensively. When mints were under 30k, the price was ~ 4m each. Since the most you can stake is 60k, stakers could stake a max of 2 mints, which would be ~ 8m. Now that mints are over 30k, the price has suddenly shot up from 4m to 10m! Anyone else see a correlation between the number of stakeable mints and the increased price?

 

You do raise an interesting point, that Mint Cakes are widely used by stakers. I did forget about this in my original post. It is an interesting situation; a Mint Cake is useful to Staking because it is in demand, and it is in demand because it is useful for Staking. This leads to an exponential increase in demand.

 

Once again though, I am not saying Mint Cakes are the be all and end all currency on Runescape. It could be that the currency item changes once Mints break past 60k. It could be that the item changes once Mints pass 1M. What's important is that it seems to me that Runescape will always have a secondary currency now, as many trades rely on them.