Why the IRL price of GP can do nothing but go down, right now.

I Hear so many storys about gp prices going up/down its all propaganda.

 

The only people that should be commenting on this are actual gold sellers lol. From what I have noticed gold has gone up anywhere from 10-20c/m

 

Wow, great read. I agree with you for te most part, yet there was a spike right after the bots were "busted"

 

The OP has no clue what he's talking about, gold will rise as long as goldfarmers aren't in such a great abundance as they were before. Also, if Jagex manages to stop bots like they claim the price of gold will only rise.

 

What you are saying might be true, but the Jagex chain banned accounts using the same IP.

 

This^, Gold has risen substantially, and at the moment it's not likely to go down anytime soon.
Until the majority of bots are back, I suspect it'll go up slightly more and possibly max out at .5 - .8 which would mean a rise of around .35

 

This makes perfect sense to me. I am surprised that there are actually people who agree with what the OP says. I just don't see how GP can go any lower, especially with 7+ million less goldfarming accounts and pretty much the exact same demand for gold as before.

 

I don't think gold will get cheaper.

Less bots = less sources of gold = Higher price because harder to get.

And by saying that there are less people in the game, NO there is just less bots.
All the people playing now will be playing legit and have absolutely no way to gain gold since their bots are gone, thus making them want to buy more gold.



Just my opinions.

 

It seems like it would go up without all of the gold farmers

 

A huge portion of gold sold is from staking anyway, I don't see the price of gold going anywhere but down.

 

But that isn't gold being produced, that's just gold transferred between 2 players.

 

Bro the people you are talking about xferring that gold are reading this thread lmao.
However one problem; once that excess gold has been sold, there will be a massive increase

 

Definitely a possibility.

I'm not saying that gold will drop permanently. Thats why the title of this thread had a "right now" attached to it.

The amount of gold that is in the game and being sold right now is exceeding the amount that players are buying by a huge margin.

Like I mentioned before.. The power-sellers of gold that use this site don't generally sell their gold to the other power-sellers because they all buy low, and sell it higher. They hold a majority of this gold and are having trouble selling it, this part of it isn't speculation, its FACT.

There were spikes in the price following the ban for a few days, but they've all really come down to about where they were.

More gold intake > Less gold being sold = dropping in the price.

 

And alot of those players are selling the GP on sites like sythe, generally to the power-sellers.. Thus more gold intake. Do you see the pattern now?

 

GP will rise over time. That is if bots don't come back. But yes I do agree with you. Sellers think it will rise so they are holding there stock until it does then they will sell it off . So the market will be all over the place soon enough

 

I think OP wants to buy RSGP.

 

lmao, you know how much money comes from staking? Zero. Even if one person wins and sells the gp, 1 person lost and possibly bought more gp, which is the route many stakers take.

 

Are you kidding me? They have been able to sell more gold. That's why they have been able to raise their sell prices also. There is a lot more demand from everyday buyers and a lot less supply with no more gold farmers.

 

High supply & low demand (like demonstrated in the thread) = low price

 

I may get some once the price comes down a little more, not interested in losing money for no reason

I see many people agree with me, and those who don't agree with me haven't really got an argument or a valid point as to why they don't.. Any reason for this?

What the hell is it that makes you think you know everything? I mean lets be completely honest, 90% of ALL of RSGP is now allocated and gathered in by the bills now, between stakers, gold selling websites, and power sellers. How the hell are you going to say money doesn't come from staking when its always the same stakers that have enormous amounts of GP then suddenly get "cleaned?"

I swear some people have such an attitude because they simply can't admit they are wrong.