Gold Prices...

Have been falling, yet everything in game is still falling in price? What's going on? We're not anywhere near the 250K online that we were at last summer when bots ran the game (was around $0.45/M then), and rares like partyhats were through the roof as a result of low gold prices - ie green was almost max cash at 2B+, and right now it's maybe 1.2B at most.

Is demand gone? Are players quitting or what? Something isn't right here, and I'm just hoping this isn't a major sign of end times for RS. Though SoF probably already made that clear...

 

less bots and dicing noawadays means less money ciruclating around, in turn results in lower prices as people dont have the money to buy rares like they used to

 

You have it backwards, less gold circulating drives prices up.

 

it can drive prices down because the less rares being bought the lower their price will be because demand is alot lower than supply

 

We are still not seeing the rock bottom of GP prices. Back in October 2011, market price was 0.35/M. Much lower than we are right now.

Around the beginning of April, a lot of things happened. SoL update allowed players to spend $ directly on EXP, which in turn probably took some of the gold market away. Furthermore, RSBot was re-released, and there was a big staking glitch (speed glitch).

All together, this resulted in a temp boost of supply, decrease of demand. Prices should find an equilibrium slightly higher than where we are today, at which point they will continue gradual decline until another Bot Nuke.

Remember, since Day 1 of Runescape, GP prices have always moved downward. This does not reflect the state of the game's health, it simply reflects that more gold goes into the economy than comes out (inflation).

Therefore, if this pattern continues, you're right, Rares should increase. However, for the reasons stated above, these price changes are not due to inflation, they are due to a mix of temporary and permanent shifts in demand+supply.

 

Will gp prices every go back up again?

 

I can certainly see it going back up. The "optimus" boot nuke is due next month and it'l kill the reflection bots i.e Powerbot...again..

That will mean less circulation of gp and hopefully an increase in demand for gp will drive the price up.

 

As soon as this optimus bot nuke comes it should go back up... it is the reflection bots which are killing the prices right now.

 

dont see it really going up much more then it already is.

 

When the bots get nuked again they should rise the price of gold.

 

It just seems like a lot of people are quitting due to the new SoF updates and Flip Merchanting update.

Many older players that hated the SoF update due to the fact that it broke the integrity of the game, caused older players with higher gp stacks to sell and quit.

The flip merchant community was large. It was rare to find an item that made 1m a hr. Most flippers decided to sell after the ge update due to them having the only thing that they did taken away.

TL'dr version, A lot more sellers quitting, than buyers investing into the game.

 

i think the statement that I saw earlier has a lot to do with the decrease in gold prices. simply tons of gold is being added to the game, and very little being taken out... 1 million gold isn't worth as much as it use to be..

 

Everyone summed it up basically more and more gold coming into the game I think the value of gold is decreasing in runescape it's just so easy for anyone to make money nowadays 1mil gold couple years back meant you were rich nowadays it's 500m+

DrDre

 

Gold is rebounding already.