joncaront Posted June 25, 2004 Share Posted June 25, 2004 This is a thread that will discuss serious political issues in runescape such as inflation, mining, craft,(or many other economic build ups) wars, trade, and citizenship Link to comment Share on other sites More sharing options...
joncaront Posted June 25, 2004 Author Share Posted June 25, 2004 if any of you have any questions on runescape or any opinions on events going on please ask me i will be glad to help. because I love politics :D Link to comment Share on other sites More sharing options...
Icedrop Posted June 25, 2004 Share Posted June 25, 2004 Another topic which may arise is the price of rares, a much debated topic amoungst politicians in runescape. As of late, party hat prices have been on the up, what do all you young, budding politicians think about this? Will the rise continue, or will prices slump? In my opinion, i think they will now rise, because duke freedom said so and he is the coolest merchant of them all :wink: ==ice== Link to comment Share on other sites More sharing options...
joncaront Posted June 25, 2004 Author Share Posted June 25, 2004 thank you icedrop It is becoming more apparent that this is a grave situation. Nowadays you can't go anywhere without hearing people selling p hats. Now all though these did appear only once I think the prices are still too high. They may be incredibly rare and not many people have them, but they are completely novelty. The fact that they don't do anything strays away from them being useful. Therefore owning one just shows you either are very wealthy and or you have been playing a long time. My conclusion is that the prices will sky rocket because of the rapid grwoth of newcoming players on runescape. they will begin reaching the 2 mills anytime now. THANK YOU ICEDROP FOR THE MESSAGE! Link to comment Share on other sites More sharing options...
Duke_Freedom Posted June 25, 2004 Share Posted June 25, 2004 Hehe 8-) Yea, they'll rise from now on, unless something happens that can influence the party hat market in a negative way again (more trail items / dragon stuff? although people might have learned something from the current trail items). Without Jagex interferring in the economy, the prices will go up to their old ones soon again. Would love it if RuneScape would have some build-in political system, that would be interesting (although... knowing Jagex it would be a vague system :P). My conclusion is that the prices will sky rocket because of the rapid grwoth of newcoming players on runescape. they will begin reaching the 2 mills anytime now Yes very true too. The value of my bank at its height. Estimated value at the peak of the rares market: 250 billion+.Most likely the largest trade in RuneScape ever. Estimated value at the peak of the rares market: 70 billion+. Link to comment Share on other sites More sharing options...
joncaront Posted June 25, 2004 Author Share Posted June 25, 2004 You're very right that would be awesome if there was a political system with a president and a house... and elections... and the pres makes decisions effecting everyone... than again think about how much work that would put Jagex too... it's a great idea though... Party Hat prices will never go down... ever... they are just in to much demand for lower prices that it is making them more valuable because everyone wants them... quite a backwards system eh :P Link to comment Share on other sites More sharing options...
Duke_Freedom Posted June 25, 2004 Share Posted June 25, 2004 Party Hat prices will never go down... ever... they are just in to much demand for lower prices that it is making them more valuable because everyone wants them... quite a backwards system eh :P Um watch out with your words lol. Party hats just have a price drop of 30 - 50% behind them... The value of my bank at its height. Estimated value at the peak of the rares market: 250 billion+.Most likely the largest trade in RuneScape ever. Estimated value at the peak of the rares market: 70 billion+. Link to comment Share on other sites More sharing options...
joncaront Posted June 25, 2004 Author Share Posted June 25, 2004 ok p hats are old NEW SUBJECT!!! ORE INFLATION!!! post new opinions on the acts of inflation on coal nowadays and I will reply with in a day (I g2g to bed!!!) Link to comment Share on other sites More sharing options...
Militaris Posted June 25, 2004 Share Posted June 25, 2004 The price of any items in runescape depends on a few things, the most important is the rate the item enters the game and the rate which they leave the game. If a item enters the game easily, they would not hold much worth above the high alch value. If there is a use for the item then it would be priced in-between similar items, people would not waste money if there is a better way to gain experience. With regards to Items like party hats, They would continue to increase in price, unless one of two things occur. The demand decreases, or the supply increases. In the past a flaw released several thousand extra hats into the economy, this quickly resulted in a reduction of price. Jagex was to slow in reacting so the hats reminded. Possible things which might increase the value of party hats is a reduction in number. Over time people leave and they sometime leave party hats in the bank account, this process would slowly decrease the number of hats within the game, there are also other processes which remove games like mistakenly high alching them or maybe dieing in a remote area and the hat would disappear after a given amount of time. One final things is when the population of runescape increase, the number of hats would remain the same, or even decrease. So a Increase in possible owners with a decrease in supply can only result in a increase of value for the item. There are many others things which could influence the demand for party hats. The most noticeable being the introduction of new party hats into the game, I personally do not see that occurring any time. Also, the introduction of similar rare items would spread the demand over a greater area. If there is 10 rare items they would all compete in price for the value of party hats. This might cause a redistribution of demand so the value of party hats would decline. Jagex could also introduce new features which decrease the amount of Inflation in runescape. The result would be a decrease in the number of coins within the economy, with less total coins, people would pay less out for party hats. The value of party hats compared with other items would not change but the price paid for them would be reduced. Enough on party hats, with regards to coal. I personalty do not see much change securing. At the moment, smithing is really only done to gain experience. There is no rush to get to a new level, and Jagex is unlikely to introduce levels above 99. There is already plenty of coal rocks within the game and they are not in any kind of shortage, Given time, the price paid for coal and similar ore might decrease slightly but I do not see any major changes occurring. If a new quests is released which requires a high smithing level then I can see a short term increase demand for ore which would lead to a increase in price paid per ore. At the same time, the inflation within runescape seem to be growing quite steadily. Jagex has not done enough to reverse the inflation, they might not even have slowed it. So inflation would cause a increase in price paid for ore to occur. At the moment the main thing determine the price paid for ore is the high alching value of the amour made out of it. Link to comment Share on other sites More sharing options...
rcx_boy Posted June 25, 2004 Share Posted June 25, 2004 politics in RS would be cool, with parliment, and voting houses. then something could get DONE for once, with players getting a choice Link to comment Share on other sites More sharing options...
Duke_Freedom Posted June 25, 2004 Share Posted June 25, 2004 Yup, Militaris, that's mainly all there's to know about party hats. What I want to add is that the party hats is what the RuneScape economy keeps going. Without the party hats there would be a lot of inflation in raw materials, or it could result in the total deflation of gp, which could end in that people wouldn't even accept gp as a payment anymore. All of this is caused by Jagex, who didn't realise the necessacity (sp?) of big money-drains. Now about the coal. Coal has been his stable price of 200gp per ore for very long.. It was only short before the RS2-update that coal certs dropped to 900 (180 per ore). This price drop continued in RS2, and it is possible to buy even lower then 180 ea now. I don't expect to see their prices go up any time soon yet (they can't drop much either by the way), especially not because the steel bar price somehow seemed to lost his stability of 600gp per bar a bit too. Inflation doesn't influence ores and bars that much anyway (at least with items like party hats ingame).. Like I said: ores and bars have been the price they are now for over a year already.. In fact they dropped a bit even. Another discussion in this board says "smithing is obsolete", which is true.. Smithing has become a skill people only level to get a higher skill total, and (luckely for the economy) people are willing to pay a big price for it. The prices of smithing-materials are based on the high alch price of the items you smith, plus some extra money, as people are willing to pay for smithing experience. This price per smithing exp is about 11gp, if you buy steel bars at 600gp each. What I found interesting to note is that iron ore worked the opposite of coal. Iron ore have been 100gp per ore very long, but right before the RS2 update (just like the coal) they changed in price. Instead of going down like the coal did, they went up to 120gp per ore :?. They kept that price since RS2 and dropped slightly again since then. And as last the rune ores.. I really don't get why their price is up to 13K each per ore now. Somehow rune smithers like smithing rune without much profit :?. The value of my bank at its height. Estimated value at the peak of the rares market: 250 billion+.Most likely the largest trade in RuneScape ever. Estimated value at the peak of the rares market: 70 billion+. Link to comment Share on other sites More sharing options...
Bubsa Posted June 25, 2004 Share Posted June 25, 2004 Prices will rise, Politicians will flander, You too will get old Very true as well may i add :wink: I'm interested in the runescape politics too as i am a future government & politics student, so it's somewhat my forte This is how much you all raised for charity. Thank you. Link to comment Share on other sites More sharing options...
joncaront Posted June 25, 2004 Author Share Posted June 25, 2004 Still 150gp for 1 coal ore is a lot of money... too sell 1 steel plate you make about 1200gp you would be paying more n coal than you would be selling in fact you would be losing 600gp or more depending upon if you bought iron... I do think coal will decrease in price as the months go on because so many people will start coming to their senses and begin mining. and that way no one will need to sell or buy it. Link to comment Share on other sites More sharing options...
FooK-A-Ji Posted June 25, 2004 Share Posted June 25, 2004 Still 150gp for 1 coal ore is a lot of money... too sell 1 steel plate you make about 1200gp you would be paying more n coal than you would be selling in fact you would be losing 600gp or more depending upon if you bought iron... I do think coal will decrease in price as the months go on because so many people will start coming to their senses and begin mining. and that way no one will need to sell or buy it. Wrong, power smithers and rich folks will never get around to mining their own ore, when there always is a new generation, a new generation willing to slave away in the mines for a measly 100-150 gp per ore. I don't know where your coming from, but the prices of coal have been more expensive before, in fact most items in Rs2 have dropped in pricing. Mainly because of the obtainability of the item becoming far easier, and quicker. Link to comment Share on other sites More sharing options...
joncaront Posted June 25, 2004 Author Share Posted June 25, 2004 I do understand where you are coming from but is it not apparent that the wealthier players had to make there money somewhere? I still think that there are low level miners that need coal and the rich are takin advantage of the little guys buy hikin up the price... 100 gp for one coal is still very expensive... but than again the only way to solve this problem is to mine! now the prices have gone down on many things mostly because there isn't as much demand now as there was before... many more players are obtaining coal by themselves and not many people want to buy it anymore... Coal makes the whole economy go around from selling it and smelting it. Prices will remain constant or go down. Link to comment Share on other sites More sharing options...
Antega Posted June 25, 2004 Share Posted June 25, 2004 Ive played Runescape for around half a year and I feel that Coal prices have gone down. I used to sell coal certs for 900-1k each, which is what, 190-200gp per ore? Now, however, I am lucky to find someone to sell them to for over 170gp. Ingame, most people try and get them for 100gp! That's 50% what it once was... (if you know anyone that buys coal 200gp each PLEASE tell me). As for Phats, I agree with the person a few posts above. Since more players are coming, but never an increase in Phats, they can only go up in price. But there are many other factors involved I know. I dont think I am the master merchant or anything, but I am trying my best to make some money and understand the Runescape market ;) Link to comment Share on other sites More sharing options...
Atresica Posted June 25, 2004 Share Posted June 25, 2004 Perhaps when something like that is the case wouldn't it be better just to smith all your coal into steel bars. After all they sell for way more than 250 per Link to comment Share on other sites More sharing options...
Duke_Freedom Posted June 25, 2004 Share Posted June 25, 2004 Still 150gp for 1 coal ore is a lot of money... It's not.. Quite profitable that way to make steel bars and then sell them. too sell 1 steel plate you make about 1200gp you would be paying more n coal than you would be selling in fact you would be losing 600gp or more depending upon if you bought iron... Skills cost money, it has been that way for a long time already. Only need to call one thing.. The law of supply and demand. I do think coal will decrease in price as the months go on because so many people will start coming to their senses and begin mining. Rich people don't mine, and people also buy ores because they are making money another way. For example: a woodcutter might hate mining but love smithing anyway.. He cuts logs and sell them too buy ores. and that way no one will need to sell or buy it. You made that sound like you think that's a positive thing.. Do you want the economy to collapse or something? :lol: The value of my bank at its height. Estimated value at the peak of the rares market: 250 billion+.Most likely the largest trade in RuneScape ever. Estimated value at the peak of the rares market: 70 billion+. Link to comment Share on other sites More sharing options...
MrLuvaLuvaUK Posted June 25, 2004 Share Posted June 25, 2004 well, where to carry on from Duke Freedom's last post which answered most of the open questions? lol erm, quick reply, iron ore prices going up maybe because people dont bother banking it? i.e. droppers, so people start hiring runners to take their iron to and from the bank *shrugs* Link to comment Share on other sites More sharing options...
Bubsa Posted June 25, 2004 Share Posted June 25, 2004 The Duke has spoken 8) Thank heavens the ore problem aint like real life, with all the fossil fuels quickly running out on us :shock: Perhaps Jagex will introduce a new way of making energy too :lol: This is how much you all raised for charity. Thank you. Link to comment Share on other sites More sharing options...
joncaront Posted June 26, 2004 Author Share Posted June 26, 2004 look I'm just saying that it is much cheaper in itself to just mine your own coal which none of the quotes you guys got to said anything about that you guys just left it out to make it sound like I was the bad guy and I'm not I have a solution that works although people are so lazy and won't do any of the work. Link to comment Share on other sites More sharing options...
joncaront Posted June 26, 2004 Author Share Posted June 26, 2004 rich won't mine because they don't need to depending on their current status of funds Link to comment Share on other sites More sharing options...
joncaront Posted June 26, 2004 Author Share Posted June 26, 2004 K NEW SUBJECT the coal wagon has stopped... let's get on the issue of scamming... how can it be stopped... how did it start... should there be a reward... please post anything you want to on this situation that is troubling many gullible players. Link to comment Share on other sites More sharing options...
Guest halifix Posted June 26, 2004 Share Posted June 26, 2004 lol, I think that runescape politics should have its own forum. Anyways, the price of coal (regular) was around 100 gp two years ago. The other way to sell coal was in certs, which often got around double the price, because it's much quicker to trade in, say, 200's than it is in dozens. Now with the bank note system, I'm guessing coal's price should stay around 160. This is because now that it's much easier to get bank notes than certs (you had to get them 5 at a time in draynor village). Iron is easy to mine if mining's your profession. I don't think there should be a price greater than 50. Okay, I'm also going to talk about item inflation. This is pretty recent, with all the new players coming in. For example, you could often find a world with the selling price for steel plate was 1,200 gp (at Horvik's), but now with there being alot more smithers (the only profession that profits from selling to stores, not players), there's often 15 steel plates already in the shop. I suggest that the change in itme price (based on amount of items in stock) be lowered. This way, smithers can get more money from selling, and also, items won't get their price mssively increased (say runes) from low stock. And scamming, I don't think that it can be helped. Take for example, the newbies that sell things for outrageous prices. There should be more in tutorial island about trading, so that they don't sell stuff, like say 4 iron bars for 1000 (which I heard in a bank). Also, if they do put up player-owned market stalls (see another topic in this forum), then they can buy from there. I heard something recently. It was a person saying how runescape didn't allow you to say your own password. I very, very highly suspect this person is a password scammer. Some inquisitive newbie would probably try it out, and then not get why his password shows. And if he doesn't change his password before he logs out, his password is taken. Again, I suggest there be a part in tutorial island about this kind of scam. Ok, that's all that I can think of for now. Link to comment Share on other sites More sharing options...
Cynical1 Posted June 26, 2004 Share Posted June 26, 2004 OK when Rs2 first came out f2p'ers discovered the great art of WC. Some like me stumbled onto it since it was an easy skill, only later discovering it was good for money... However some idiots leaked too all the noobs in the world to cut yew so hundreds of noobs are cutting yews. The prices where then killed by all these noobs (selling like 100 logs for 200 per...) ok so many people have abandoned this market... but my question is whats going to happen later. Jagex has told us that PoHs and carpentry will come out so... obviously carpentry will use wood... Will, once carpentry comes, the prices of logs skyrocket again? or will carpentry never come out. Or some other option I'm too stupid to think of. Link to comment Share on other sites More sharing options...
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