Join the Cartel! Make lots of money!

for anybody that thinks this style of rs merchanting wouldn't work. here is proof.




Hi, this is a basic guide on 'hoarding' items, I used this technique to gain 2M in 10 days with almost no work.

I did it with balls of wool but you may also choose another item altough balls of wool are excellent to price manipulate trough the GE (relative small amounts of the item traded, stable GE graph, low price).

How-To:
1. Buy a vast amount of the item at max price in the ge (I bought 40k balls of wool a day for example), this will make the price rise the next day
2. Buy again large amounts of the item at the new max price in the ge, this will push the price up even further
3. Continue step two every day for a few days (I suggest 7 days), you will notice the price going up each day.
4. Finally stop buying the item and wait for the next GE price update, the price should rise a final time.
5. Start selling your items at mid or max GE price, depends on the item and the demand for it.

Tip1: Remember there is a 4-hour waiting period between selling and buying an item.
Tip2: Use low-value items (under 20gp), the relative price raise will be the highest because the minimum raise on the GE is 1gp, for a 10gp item that is 10% a day! .
Tip3: Merchanting like this doesn't take up allot of time, you can do this in 30 secs each day.

I made balls of wool go from 11 to 21 gp (190%), this gave me a nice free 2M. Check the GE graph of balls of wool, as you may notice the market is open for this item
http://itemdb-rs.runescape.com/viewitem ... 59&scale=1

Hope this will make some people happy!

 

i think we should have a leader not the person who started this thread because i don't trust hime but somebody

 

Interesting Idea.

 

I SAY WE BUY OUT ALL BUCKETS! EVERY LAST ONE OF THEM!

No more milk, no more water, NO MORE STUFF FROM QUESTS! MUAHAHAH

Just kidding... I quit rs, good idea, if you get enough people, because like mentioned it would be extremely expensive.

 

yes there needs to be leaders deciding which item to buy and for how long to keep that item

 

I'm in, I got about 40m to waste so I'm good. pm me to get my runescape name.

 

i said id lead...

i have enough cash to buy all the fing buckets in runescape..

 

Sorry guys, I was busy with school, so I couldn't post, but I'm back. Now, I'm glad many people like this idea, and I'm thrilled a lot of you want to join. I wanted to lead, but I guess you guys don't trust me...Sure it was my first post, but I had good intentions. It was my idea...I guess instead of lurking I should have made an account to build trust with you guys. If I do lead, though, we wouldn't just follow my decisions, we'd take input through votes from everyone. If you think we should do a different item, you'd tell me, and I'd make a poll...So you guys ready to revive this thing?!? :laugh:

 

Quoted for truth.

Rule #1: Trust no one.
Rule #2: Trust no one.

 

seems like a good idea if u can get a decent amount of mems

im in