Recent GP Price Rise

What has caused the recent rise in gp prices? More people playing over the holidays? I haven't been on for awhile, so it was a pleasant shock to see the prices up so much.

 

It's only gone up a tiny bit. It's been fairly stable over the past few months. Well, do you mean 07 or EOC?

 

Both. I don't follow 07 much, but I know rs3 is up at least 10%. I wouldn't say that's tiny.

 

That's only 3 cents a mil. Gold prices are always shifting up/down every few weeks or so.

 

Christmas I believe yesterday I saw 10+ players in W20, one player bought 5bill at once.

 

Whether it's 3 cents or .000001 cents, a 10% rise is massive. If you had $10,000 worth of gp, a 10% rise makes it worth $11,000.

It's NOT the magnitude of the rise that matters, it's the percent rise that matters.

 

Well, I would say bonds are a big factor. They're slowly but surely removing gold from the game.

 

From 47$ for 15M, to 57$ for 15. Thats not a tiny bit.


@ op.

Christmas season bro, 12 year old kids spending grandma's money, gold farmers take advantage

 

I kind of doubt that's the main reason haha. Although it is probably at least part of the reason for the rise.

Looking at the stats, the number of players online (average) for rs3 has increased by about 40% since the beginning of November. (Probably due to more people playing during the holiday season because of holiday breaks). However, 07 doesn't seem to have seen an increase in player activity.

I assume that means (for rs3 at least) demand for gp has increased accordingly. And supply a bit too perhaps, but probably not by as much since I imagine most goldfarmers work year round.

 

This happens every year at christmas time. It will crash shortly and stablilze back to 2.2/.25

 

More aggressive botting bans have, naturally, led to a rise in GP prices across the board.

With these recent mass bans, gold is coming into the game at a slower rate. Simple supply & demand.

 

A lot of the main eoc suppliers have been struggling lately

 

fcpl0x, what methods do these suppliers usually use for gathering the gp? Botting? Staking? Other?

Just curious. (I love economics haha. It's fun to track how the game is changing. )

 

Staking and botting seem to be the main methods of gathering bulk gp to sell.

 

Less people playing, more gold in banks, a few friends of mine had over 34B gold in banks because they stopped playing.. i luckily got them to give it to me but theres probably plenty more cases out there

 

Absolutely correct.

At OP:
More reasons:

1) Holidays
2) Mass bans & The donation well [even though, looking at things realistically, people who donated would probably not have sold their gold, but a huge amount of rs3 GP was taken out of the game either way].

 

I think Christmas affected the price of gp a lot whether be it 07 or eoc

 

Prices have been going up for a bit because of mass bans, seems there's a bit more demand during Christmas season aswell.

 

GP price rise because of the holidays. Also the bonds are removing GP in-game.

 

Bonds aren't that big of a reason, although I'm sure Jagex would like to believe so.

The biggest reasons are probably the extreme amount of botting bans (mass goldfarmers' production tanking) and the holidays (more players online and/or online for longer amounts of time, plus more money around to spend on GP means higher overall demand).