Rares? Worthless?

[Flame_guy3]

Now when you read the topic subject im sure you all thought i was crazy.... (And im thinking that too)

 

 

 

 

 

 

 

Now as we all know each rare is probably more valuable than most items in the game but by value we mean the monetary value. It has no benefits to our character stats unlike another expensive item like dragon chain or full guthans. It doesn't help us slay the KQ like Full Veracs, or train our strength effectively like a d scimmy.

 

 

 

And you cant let it heal your health unless you are crazy enough to use the eat easter egg option.

 

 

 

 

 

 

 

So, why? Simple. People know that rares will always increase in price and be worth so much money, blue phats are the king of rares due to their value of 600m+. While the affordable for us is the humble easter egg (17 -19m+) which will soon be out of the reach of the public due to rising prices. Now if you believe that it is the rares themselves that rise in prices, its actually the demand of how much they are merchanted. Some days rares can rise by 10m, some by 100k. Either of which are substantial rises. But due to the current attempts to stop the inflation happening on runescape as the gp drains so does the value of rares, if no-one has the gp to spend on a rare how can you sell it, easy.... lower your asking price, from 600m it will go to 598m? then if they cant find a seller for that price it will just have to keep going down. Now if you havent noticed or havent been observing the market although some prices are fixed quite a lot of em them are dropping. Look at sharks they can drop to 800 ea and sometimes even 700 ea! 1k ea was the usual asking price and now look.

 

 

 

Furys from 5m to 4.75m! God pages from 200 to 50k. Prayer Pots from 8k ea to 6k ea. It all adds up, money is being drained slowly but surely.

 

 

 

 

 

 

 

Rares will have to go down eventually, the party hat may be worth 100m, but who has the 100m to spend on it? Discuss it is only my opinion and i am open to others' views. If you are planning on flaming please make it a constructive criticism.

[Ltje]

Good read, but you go wrong when you say that the reasing for the decreasing prices is that money floats out of the game. They actually decrease from either a dropping demand or because more people are able to 'produce' that items.

 

 

 

 

 

 

 

Besides that, I have no clue how there can go some much money out of the game, with the HighAlchemyBusiness in mind.

[adthegreat-]

I was talking to my friend about this just the other day. I believe that rares in Runescape are so called Veblen Goods.

 

 

 

 

 

 

 

I think that rares in Runescape have an accelerator effect on their own price, not like normal goods where demand falls in response to a change in price, the demand rises following an increase in price!

 

 

 

 

 

 

 

And another thing that i hear alot is that there is massive inflation in the Runescape market, but in real life we measure inflation with a basket of goods that the typical person would buy during that year. And while i do agree that rare prices are increasing scarily quick, most commodities are stable or even reducing in price. Thus leading me too beleive that the arent a true reflection of the whole economy.

 

 

 

 

 

 

 

My last thought is this:

 

 

 

If rares continue to rise in Price realtive to GP (which i believe they will), and the limit of money in the game is 2.1billion, how far would the lowest priced rare go above that, bearing in mind that they would have to trade with a commodity as well as money for that particular rare? It appears to me that in the future, it will be nigh impossible to get onto the 'Rare Ladder', and only those merchants who have ammassed such a wealth will retain rares. However i believe a stagnation and stabilisation in the market will occur at that point, because the gap between the rich and poor will be so large.

[Umega]

Furys from 5m to 4.75m!

 

 

 

When Construction came out, Furys dropped to only 4.2m. :)

[aj926]

I find it rediculous that I have around 10M in items and that people my level have over 450M just by pressing the trade buttion over and over again.

[transcript80]

If you take a look on the total amount of GP estimation Duke Freedom gave a week or so ago, you'll see that you are wrong(ish).

 

 

 

 

 

 

 

There is more money made in the game (high-aching) than is drained from it (construction, barrows armour repair). So we are NOT running out of gp here.

 

 

 

 

 

 

 

I think most prices are quite steady in non-merchant worlds. I'm usually in w53 or so, and there a shark is 1k, pray pots 6-8k (occasional bargains...) etc etc. The only thing that seems to have decreased in price lately, are yew logs. I don't really know why, and I don't want to know.

 

 

 

 

 

 

 

For me, money is a secondary issue that facilitates some aspects of the game (e.g. buying armour for better combat accomplishments) but for me, the game is mostly about getting certain (or all) skills to a certain level. Of course I try to sell as high as possible, and buy as low as possible, but merchanting is not my way of playing the game. I will strike the occasional bargain, of course, but you won't see me in W1 merchaning either rares (lol, 2M cash available) or iron ores.

 

 

 

 

 

 

 

Merchants have their way of playing the game, and that is fine by me. I don't care how other people want to play the game, everyone should play the way they see fit (by the rules, of course). But they DO influence the prices. For a mediocre player like me, that is not a real problem. I seldom power-[insert skill here] so I don't need bulk supplies. I'm mostly self-sufficient. But it surely affects/worries/gets on the minds of other players, for instance the creator of this topic.

[Flame_guy3]

I find it rediculous that I have around 10M in items and that people my level have over 450M just by pressing the trade buttion over and over again.

Only the possessor's of rares at your level, rares translate to high or low levels it takes no skill level rather a level of thinking, is it really just hitting the trade button over and over again or are YOU just digging Dharoks crypt too much?

 

 

 

 

 

 

 

(by YOU i mean the people who skill/barrow for money, merchants work but in a different way, skillers work, in a different way.)

[Kiriyama]

Blue phats are the king of rares due to their value of 600m+.

 

 

 

 

 

 

 

WRONG!

 

 

 

 

 

 

 

If I am correct Crackers are the most expensive.

[aj926]

 

I find it rediculous that I have around 10M in items and that people my level have over 450M just by pressing the trade buttion over and over again.

Only the possessor's of rares at your level, rares translate to high or low levels it takes no skill level rather a level of thinking, is it really just hitting the trade button over and over again or are YOU just digging Dharoks crypt too much?

 

 

 

 

 

 

 

(by YOU i mean the people who skill/barrow for money, merchants work but in a different way, skillers work, in a different way.)

 

 

 

 

 

 

 

What are you saying?

 

 

 

 

 

 

 

Currently I'm nat crafting for money, because my field of merchanting has gone dry and nobody wants to share secrets with me.

 

 

 

 

 

 

 

Merchanters work yes, but can get over 3M an hour if they do it right. People who click all day all over barrows sometimes don't turn up anything there, like me.

 

 

 

 

 

 

 

It's unfair, because runescape is supposed to be about luck. Not knowing a loophole in the economy and making tens of millions on it.

[adthegreat-]

So people shouldn't use their brains?

 

 

 

 

 

 

 

... too many people do that anyway if you ask me.

[chenw]

A good explanation for dropping prices in most things are NOT money drain, but rather because more of them are introduced into the game and there isnt enough demand/usage to ensure those prices stay high. The classic example being Whip and barrow items, as well as Fury. When the supply is low and demand high, naturally there will be ppl who are willing to pay very high amounts for them, but as long as they are not discontinued, there will always be more into the game (like Chains and other things). There will at one point where supply surpasses demand, and this will DEFINITELY lead to downward slide of the prices of those items.

 

 

 

 

 

 

 

Take for example Whip. When everyone in the game has a whip, would there be any demand for whips? not unless you pk, and that is a minority population, hence it will lead to deflation of the whip's price.

 

 

 

 

 

 

 

Pee hats on the otherhand is Discontinued, and its amount will ALWAYS go down, hence there is a reason why ppl are willing to pay so much for one.

[aj926]

 

Blue phats are the king of rares due to their value of 600m+.

 

 

 

 

 

 

 

WRONG!

 

 

 

 

 

 

 

If I am correct Crackers are the most expensive.

 

 

 

 

 

 

 

Blues I believe surpassed them.

 

 

 

 

 

 

 

I believe.

[chenw]

 

 

I find it rediculous that I have around 10M in items and that people my level have over 450M just by pressing the trade buttion over and over again.

Only the possessor's of rares at your level, rares translate to high or low levels it takes no skill level rather a level of thinking, is it really just hitting the trade button over and over again or are YOU just digging Dharoks crypt too much?

 

 

 

 

 

 

 

(by YOU i mean the people who skill/barrow for money, merchants work but in a different way, skillers work, in a different way.)

 

 

 

 

 

 

 

What are you saying?

 

 

 

 

 

 

 

Currently I'm nat crafting for money, because my field of merchanting has gone dry and nobody wants to share secrets with me.

 

 

 

 

 

 

 

Merchanters work yes, but can get over 3M an hour if they do it right. People who click all day all over barrows sometimes don't turn up anything there, like me.

 

 

 

 

 

 

 

It's unfair, because runescape is supposed to be about luck. Not knowing a loophole in the economy and making tens of millions on it.

 

 

 

 

 

 

 

Guess what? Thats what happens in real life too. Some ppl get lucky, other ppl get unlucky. you are comparing some merchanter who perhaps is lucky to a barrower who is unlucky. To a merchant who stands in the same place shouting all day will find a barrower who doesnt do that and get 3 g spears in a single to be unfair on their part when they lose 1m over the course of the day. Ppl get lucky, and are unlucky. Merchanting is not about using economic 'loop-hole', it is part of the economy itself. Supermarkets are merchants, so are wholesalers, and do you say to the same thing to them?

[Flame_guy3]

 

 

Blue phats are the king of rares due to their value of 600m+.

 

 

 

 

 

 

 

WRONG!

 

 

 

 

 

 

 

If I am correct Crackers are the most expensive.

 

 

 

 

 

 

 

Blues I believe surpassed them.

 

 

 

 

 

 

 

I believe.

Yes, i remember when my mate spent all his money on a cracker and took a gamble to crack it for a blue phat which would have made him a 100m or so. But unluckily it turned out to be a yellow phat.. So yes i guess christmas crackers are one of those ingame gambles merchanting has to it on this game.

[aj926]

 

 

 

I find it rediculous that I have around 10M in items and that people my level have over 450M just by pressing the trade buttion over and over again.

Only the possessor's of rares at your level, rares translate to high or low levels it takes no skill level rather a level of thinking, is it really just hitting the trade button over and over again or are YOU just digging Dharoks crypt too much?

 

 

 

 

 

 

 

(by YOU i mean the people who skill/barrow for money, merchants work but in a different way, skillers work, in a different way.)

 

 

 

 

 

 

 

What are you saying?

 

 

 

 

 

 

 

Currently I'm nat crafting for money, because my field of merchanting has gone dry and nobody wants to share secrets with me.

 

 

 

 

 

 

 

Merchanters work yes, but can get over 3M an hour if they do it right. People who click all day all over barrows sometimes don't turn up anything there, like me.

 

 

 

 

 

 

 

It's unfair, because runescape is supposed to be about luck. Not knowing a loophole in the economy and making tens of millions on it.

 

 

 

 

 

 

 

Guess what? Thats what happens in real life too. Some ppl get lucky, other ppl get unlucky. you are comparing some merchanter who perhaps is lucky to a barrower who is unlucky. To a merchant who stands in the same place shouting all day will find a barrower who doesnt do that and get 3 g spears in a single to be unfair on their part when they lose 1m over the course of the day. Ppl get lucky, and are unlucky. Merchanting is not about using economic 'loop-hole', it is part of the economy itself. Supermarkets are merchants, so are wholesalers, and do you say to the same thing to them?

 

 

 

 

 

 

 

Agreed on the most part... Nice points.

 

 

 

 

 

 

 

But would a supermarket sell meat that doesn't come out anymore for 50,000$?

 

 

 

 

 

 

 

And would supermarkets be designed for that meat?

[chenw]

 

 

 

 

 

 

 

Agreed on the most part... Nice points.

 

 

 

 

 

 

 

But would a supermarket sell meat that doesn't come out anymore for 50,000$?

 

 

 

 

 

 

 

And would supermarkets be designed for that meat?

 

 

 

 

 

 

 

No, but it certainly comes a good portion more than what they bought for originally, exactly what a merchant does anyway.

 

 

 

 

 

 

 

EDIT : i didnt read your part correctly. However, again you are comparing a decayable discontinued item.

 

 

 

 

 

 

 

However there are equivalents of a Rare merchant in real life. Those are Auctioneers (not the guys who does the auctions, but those who sell stuff as auctions). Over time, those antiques will sell for more and more because it will become rare (due to perhaps destruction, much like bannage or high alch in RS)

[dutchdreams]

Look at sharks they can drop to 800 ea and sometimes even 700 ea! 1k ea was the usual asking price and now look.

 

 

 

Furys from 5m to 4.75m! God pages from 200 to 50k. Prayer Pots from 8k ea to 6k ea. It all adds up, money is being drained slowly but surely.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

You fail to explain the rise of RAW sharks to 1k each with your analysis (I have no problem selling them for 1k each atm, even at small amounts). In my opinion, its not the money drain causing the sharks to drop, it's simply people going for an easy lvl 99 skill cape that causes the cooked shark price to go down.

 

 

 

Lots of people able to cook sharks, increase the demand on the raws and at the same time flooding the market with cooked ones. Which makes the price for cooked go down, raw up.

 

 

 

Fury price dropping is because the death/chaos selling to store has taken a rise: more onyx stones on the market, with a consisten buyers population will make prices go down (not to mention the merchants who do nothing but buy below 50k under market price, then reselling with 25k profit)

[Kill_Thomas9]

 

 

Blue phats are the king of rares due to their value of 600m+.

 

 

 

 

 

 

 

WRONG!

 

 

 

 

 

 

 

If I am correct Crackers are the most expensive.

 

 

 

 

 

 

 

Blues I believe surpassed them.

 

 

 

 

 

 

 

I believe.

 

 

 

no, crackers are around 900mil.

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Rares will keep going up in price, because first of all, the merchants keep raising the prices, and more and more people start playing, and more and more people want them, and there are less and less of them in the game every day. (ie: banning of Duke Freedom, Cursed You, ect)

[Satenza]

There's so much GP coming into the game at the moment as a pose to it going out of the game. What you are seeing at the moment is the usual holiday drop, and later this month we will keep rising again. People tying to sell their masks is having an effect on the rares market. The sheer quantity of sellers at the moment is temporarily driving down the prices.

 

 

 

 

 

 

 

With Jagex saying that no real GP drains will be made with hunting rares owners (such as myself) have little to worry about. Fact is they will keep going up, and because of that there will always be a market for them. Albeit getting smaller all the time the market will still be there, think of rares as a bank. You invest your money into banks and you aquire interest. Thats all rares do. Added brilliance is that you can wear them.

 

 

 

 

 

 

 

Most of the Runescape market is based upon rares inflation. The inflation means that other items such as raw materials stay at a consistent rate. In the scenario of rares being traded to a shop for a certain amount and then becomeing untradable after a short period of time means that the inflation has to go somewhere.

 

 

 

 

 

 

 

I don't understand why people do not like them, they keep most market prices steady and act as an investment for those who can afford them. And as i always say on the matter, destorying rares is a smack in the fact for rs1. I like the history my rare could have had. I'd like to continue it's histroy.

[Guitarted7]

money isnt being drain because where is the money going? its just being sapped by the merchanters

[Jorgen]

This might be one of the reasons why rare items have so high price. Also one of the thing that effects is the amount of players and also the money which is pumped to Runescape every day thanks to high alchemy. If all rich players, mostly stakers would sell their rare items to the game, then the prices might fall as the demand goes lower by every day. Although it's really easy to get money these days, a lot of people don't want to buy a rare, or simply, can't afford it.

 

 

 

 

 

 

 

I've seen a lot of people whose favorite items are dragon chain, dragon legs, blue party hat, fury amulet, dragon square shield and rune boots. I think that having the best items doesn't show that much, as skills count more in my opinion. Although being a rich makes the skills easier to level.

[boozhoochief]

 

 

 

My last thought is this:

 

 

 

If rares continue to rise in Price realtive to GP (which i believe they will), and the limit of money in the game is 2.1billion, how far would the lowest priced rare go above that, bearing in mind that they would have to trade with a commodity as well as money for that particular rare? It appears to me that in the future, it will be nigh impossible to get onto the 'Rare Ladder', and only those merchants who have ammassed such a wealth will retain rares. However i believe a stagnation and stabilisation in the market will occur at that point, because the gap between the rich and poor will be so large.

 

 

 

I've been thinking about when rares reach 2bil+ each, someday they will you know unless more are released, but my guess by then people might start trading in items for rares, i.e. "i'll give you 1bil silver bars for that yellow phat" or maybe a bil gold bars for a cracker/blue phat. It's possible once someone has a set trade price on silver/gold bars in the future.

[adthegreat-]

Yeah, and for example, to buy a Blue Party Hat, you trade the second highest worth rare and the difference in GP, and obviously keep going backwards, until the lowest rare is more than 2.1bil.

 

 

 

 

 

 

 

The only thing with trading things like your example, Silver Bars, not everyone places the same economic value on any commodity apart from cold Cash.

[Iv_Green_vI]

 

Blue phats are the king of rares due to their value of 600m+.

 

 

 

 

 

 

 

WRONG!

 

 

 

 

 

 

 

three words.. you are dumb. :

[leinfo]

well, sorry if htis has already been posted, but blue party hats for example, may not help you slay the KQ, but they are more of a social icon, they give players that hae worked hard enough hte status of saying, "i had 600m, all for my hard work" so other players can give them the satisfaction of being envied. who would pay 600m to be envied by all players in teh universe?