After the update- What will happen to the economy?

The Runescapestreet Journal

If this update doesn't get changed, those of us who are staying with Runescape have less then a month to prepare for the Iron Curtain to fall upon us.

Since the Grand Exchange came out, the Runescape Economy has changed considerably- and it's about to again. There's a potential to make money off this if we play our cards right.

Unfortunately, I played my cards wrong in the first round. I decided to keep my Easter with the hope that the price would rise, instead I lost 1.3 million in a week. The low prices Jagex initially set in the Exchange when it first opened drove the prices for these items down in and out of the exchange, because noone was willing to pay the old price anymore.

Now we are on the brink of an even bigger change. Within a month, gold flow into Runescape will decrease exponentially as autoers and gold-farmers are forced out of business. Players will no longer have access to easy money. In fact, the only way to make real money anymore (especially for nonmembers) is skilling. AKA, getting 85 mining and working for hours to make 145k.

So what is going to happen to the economy now, and how should we prepare? Should we invest in items before the trade restrictions come into effect, or should we scramble to convert everything into gold? Here's my theory:


After the trade restrictions come into place, the value of gold will rise substantially, as it will be much harder and take much longer to obtain it.
As a result, people will stop buying and the prices of most items in the GE will drop.

On the other hand, the prices of frequently autoed goods, such as willows, sharks, yews, etc. will quickly rise within a few weeks after the majority of the bots leave.

Personally, I am going to sell everything in my inventory worth over 50k for the highest price I can get by the Varrock bank, then re-invest the money in cheap autoed goods from the exchange. That way, I have a chance of making a substantial amount of money while keeping a low risk (willows can't go down too much lower.. can they?)

The only dilemma I am still facing is what to do with my easter. I notice a huge amount of players are buying/selling rare items by varrock bank.. And at least half of them are going to regret it. What is going to happen to the price of rares? Will it rise or continue the drop that was brought about by the GE 'market value'.

Does anyone have any ideas on the subject of item prices? What are your plans for your expensive items/rares?

 

Keep rares anyways, they might go down in small bits but in the end they'll only go up, and your idea with the willows is very good.

 

may i ask why you post so much about this update..i might have seen like 3 threads

 

Is it a bad thing?

 

I'm glad somebody has actually fully mentioned the "value of gold". Rares such as partyhats and halloween masks will dramatically decrease. This will only be a problem to the genuine and true RuneScape players who do not cheat. Now you can suddenly see how some of these updates actually are for the benefit of the honest RuneScape players and a loss or te RWTs (that's us!).

 

They don't benefit honest players at all, it's a fucking communist market, PKing and staking are ruined to.

 

Did I even mention Pking and Dueling? I wasn't even talking about the Wilderness, duel arena and trade limits. I was pointing out that the economy will change in a way that it will still be just as difficult to obtain the gold with the newer prices than it was before due to the dropping prices.

The only ting that is most probable of standing in our way this time is the 3k profit limit, which only comes into the scene at January next year. So I suggest just scrapping all and reel in as much money as you can merchanting or RWT (if you can) right now and wai for the economy to overturn, because the economy will never be the ame as it was before the Grand Exchange, even though Jagex promised us that there would be no change. hey screwed that one up.

 

So lets say I sold most of my mills, and I had a couple left over, what should I invest in and then sell in the next months?

 

willows, auto-ed goods. invest in those. theyre REally cheap because we can get our hands on so much of it, im thinking of getting willows, or coal. free player items really

 

500,000 willows for 22gp each good?

 

It seems logical that that would be your best approach on buying something, but wha if it backfires on you? I'm honestly not sure what I am going to do right now.

 

just keep it man, quit for a year then come back and make a living off it

 

I'm investing 4m in autoed goods, 1.5m each in willows and coal. Everything else I'm converting into cash, so I really can't lose- it's not like the price for autoed goods can go down any lower, can they? At worst they'll stay the same.

 

i know what im gonna do, get yew logs like crazy and hold onto them XD

 

I think rare prices will drop. Sell your rare and i like your plan of turning everything into cash and buying the autoed goods.

 

ahh tru dat

 

Wait about the rares..If value of gold increases, then wont people avoid blowing it off in something they cant use? Dropping the prices like crazy? or will it soar up because of the current rise

 

I'd say so.
Less rares will be purchased because of less income [ no stakeing, pking, merching... for anybody who lives in a box ]
People holding the rares won't be able to sell to easily and will get desperate for GP and sell low.

On the topic.
Every player and their grandma will be making nats.
But because of the loss of pking, less people will buy nats.
Supply>>>>>>>>>> Demand big time.
Expect nats to drop.
Expect Yew longs and mage longs to drop.
Less autoed goods in the economy so expect rises in price for yews, coal, lobbies etc...

 

Dudes, you are all idiots.

If you are members, invest in DDS's.

They are going for 25K-30K. But the market value is 51K.

In Janurary, because of the 3K caps, you'll be selling at 48K-54K making a huge fucking profit.

I've allready invested in 200.

 

About the sharks,logs,etc. I think that you guys are right, ive been trying to buy raw sharks above average market price and its near impossible to buy =S