What about the GOLD?!?!

Hey guys, just wanted to hear your thoughts on what you think the gold buying/selling will do after the wilde/free trade update? There are alot of factors to think about here, but overall because no xfer method will be required and you can trade any amount, large or small from one or multiple accounts, I think the price in IRL dollars will go down. Im thinking it won't get below $0.50/mil on sythe, but what do YOU think? What price will rsgp be going for on sythe???

 

It's probably going to drop a bit, but I doubt it's going to go below $1.

I can't remember how much gold costs before the RWT rule came into place, but I am pretty sure it had never went down to 50 cents.

 

is it bad i thought about the road to El Dorado when i saw this title?
On topic - I think it will drop.. Probably no more than .50 to a mil. It would be nice if it evened out to a flat $1 per mil.

 

i doubt it will drop because gold sellers control the prices. If you want it for 50c go somewhere else is what id say.

 

Back in the days mills were five dollars each.
The gold price will maybe rise, you don't know. More people will be interested buying gold if they don't have to give their user/pass or any weird transfer methods.

 

I think it will go up over time. Here is my reasoning.

- currently, GP is only necessary for things like rares or possibly buying certain skills. However most people, unless they are merchers, had no need for huge amounts of gp or rares.
- with the reintroduction of free trade, people who were previously reluctant to buy gp because of all the difficulties (needing certain requirements, an xfer method, handing over your account to a gold seller, and need to not play your account for a while), will be more than willing to purchase gold due to how easy it will be.
-Staking alone should cause a huge influx in GP buyers. staking is an addictive hobby, and very few people are good at staking. As such, they will buy more so they can fuel their staking habits, since it is an enjoyable hobby.

As such, these are a few of the reasons why I believe gold will rise within a month or two of the release of free trade and staking.

 

Gold will definitely go down because there is no more exhausting transfer methods, yet you won't see it go below a dollar man.

 

What plznate said is exactly what i was thinking. Mainly about the staking. i doubt it would fall i think itll stay the same or rise

this was also true only because i believe it was harder to make cash back then.

 

You can't really compare gold prices now/after free trade to before the trade limits.

Many things have changed in Runescape that changed the role of gold in the economy.
Inflation is up the ass which decreases the price of gold on a mil to mil basis. That definitely drives the prices down.

 

I agree. However I think the huge amount of people that will be returning to pking and high level staking will be significant, and will dive up the prices. I predict an initial crash to a lower price per mill than it is currently, however within a month mills will be more expensive than they are now.

 

I reckon it will go for around $1 - 2.

Why?

Well, transferring will be easier. If it is going to be like before the update, it will be lowered because more gold sellers will become available, as you will not need a method to transfer gold. Thus making gold decrease.

Although, in saying this. More people will be selling gold, and there may be less buying as they could golds off old accounts and such. Plus merchanting will be different, and if it is goes back to the old times, making gold will be a lot easier.

Though pking will get a lot popular, and new accounts will need to be made. I reckon there will be more gold buyers for the new pures out there, and the ones that fund for staking.

 

I think it'll be like $0.75 for a month or 2, then rise to like $2

 

I am 100% certain it will go down, due to the supply that will start to happen. There will be waaaay too much supply for demand in my opinion. I also expect to see a large amount of inflation as people change money from one accont to hte other resolting in a huge inflation of gold.

 

Moving gold from 1 account to another does not equate to inflation lol.

 

I think what this pretty much sums it up. People who fail at pking and or staking will probably continue to buy cash to support their addiction to it. Instead of grinding or boting for d claws you could simply pay someone else for it; which is why gold sales will never go away.

 

Lol. Some of these answers are pretty interesting and funny to read.

I still stand by what Ive been saying, prices will go up. As plznate said there might be a month or two at the most that will be the time needed for the gold prices to stabilize; which is more than likely to go up not down.

PS There's quite a few people on this forum saying it will go down due to inflation, supply vs demand, and other economic terms. But most of the time their arguments aren't really making sense....some even sound as if they don't know what they're talking about and are only taking in the obvious considerations.

 

The price of gold is going down. There has been so many ways to obtain gold since then.

Look at the the green hween mask for example. I remember they used to cost 10-20m. Now, they're 80m. With all the surplus of gold circulating, the value of gold has dropped and most likely the dollars per mill. I'm betting it'll be $0.50/mill once free trade comes back.

 

One thing why did you go to talking about obtaining gold to how a rare gets its price?

Rares really fluctuate more on their own and depends on other shit than gp.

The fifty cents per mill might become true for less than two months that is if its really so easy to trade the gold between accounts.

 

rares are an entirely different issue and function outside the realm of Gp, primarily due to the GE and its flawed functioning.

 

What he said^ lol