My View on the update and gold prices.

I don't understand why many of you think that gold prices will drop. Yes, once the update is out, most likely it will crash for a brief moment due to the people who did not have an xfer method selling their gold and causing more supply than demand.

However , take note : Gold prices was $3 - $4 before the removal of trade limits/wilderness/staking. After the removal, it dropped drastically to about $1.50. Furthermore xfer methods were required and only a few people had access to good and fast xfer methods and started their gold selling business. If only a few people knew methods, wouldn't the price gold up due to the effort required/less supply?

No, instead, it went down. WHY? Gold was so easily obtainable! The fault lies with the PvP drop system. There are about 8 bounty/pvp worlds ( i think didnt bother counting ). 8 worlds, 300 people each, 2400 people. Let's say in every 10 seconds, 1M worth of artifacts is generated ( you can correct me on it, im not sure, just estimating. )

In 1 minute, 6M gold is generated.
In one hour, 360M gold is generated.
In a day, an astonishing 8.6B gold is generated into the game!

Before PvP loots system, the only way for gold to enter the game was : monster drops ( no one bothers to pick up ), Alching items, selling items to shops ( who does that? ), and maybe some quests which give a measly sum of gold.

With the new pvp loots system, alot more gold is being introduced to the economy, thus causing inflation. Therefore, items rised rapidly ( whip ), etc.

Hence, i am predicting gold prices will fall for a period of time, and then rise

you can input your feelings / thoughts here. these are just mine!

 

I agree 110% to be quite honest, You wasn't paying less for the method, Alot off people quit also everything that happens in Runescape effects how things are.. I'm gonna start keeping cash stack for now,Can't trust items.

 

What you say is completely valid, but one question. Why, after so many months, did the ags drop 50%. I believe it's not just PvP, but PvM too.

 

i agree with u. but i doubt it will rise to $3 - $4 /M

 

when people have like 10 billions in their bank
if he sells the million for 0.50 he will make profit like plznate
but if someone got only 20mil ofcrouse he will sell it for 1-2$

so like u said at first prices will be low they will rise eventually

 

I agree. People think it will drop below what it is currently selling at, but I think it will stay the same or possibly rise (After it has stabilized). Sure, the supply of gold will increase alot, but the demand of gold will also increase (due to a range of things -- Easier access to gold, people buying money for pking, stakinf etc).

 

I lol'd at your post.

It made almost no sense. You believe those will billions will sell cheap, obviously you're wrong. Theres various gold suppliers who have an ridiculous amount of gold and are still selling at average prices.

I've said it many times, gold prices will be unstable for about a month, maybe even two but in the end you'll see it rise as it once was.

I agree with some of your post uselesspoop. Also, the PVP/bounty worlds caused inflation since it generated a lot of wealth out of nothing, compared to the old wild; wealth was basically transferred as it was players items lsot that generated this.

 

Reason why ags dropped so much was due to the introduction of stronger, more efficient weapons. Also, back then, there were very few AGS'es compared to the large number of AGS'es we have now.

Therefore, the supply has outnumbered the demand, which leads to the fall of AGS prices. Also, because of the future update of free trade, many people are panicking and selling their stuff thinking it will be heading for a major crash. ( which can be said as truth as after PvP loots is gone, less gold means gold will have more buying power and items will decrease in prices )

@ h1j2q3

yup i think your probably right about this one seeing your so much more experienced ^^.

 

I also agree that when the free trade comes back gold will eventually rise to a higher price per mill.

People will of course be selling for a lot cheaper once the update hits, since there is a lot of gold on the market currently stockpiled due to how hard it is to actually transfer it. There is lots of gold to be sold right now.. Since it will be so easy to sell gold, eventually the gold stockpile game wide will be depleted. At this point the gold will be a higher value than currently, because it is basically a fresh start. Less gold to be sold in the economy = greater price. Demand > supply = greater price.

 

i completely agree but for a couple more reasons also....do people realize that when free trade and stuff comes out people will be WAY more vulnerable to losing a lot of gold. After the release you will have the capability of losing gold/good items from being scammed with free trade, dying in wildy, losing stakes, or being lured. This will cause high demand from many people losing their gold..etc...

 

I am also backing a low trend first month back if free trade does come back, then prices return back to normal. Well it better i be selling alone on sythe 1.2 -12 bil a month, i need the IRL CASH!!!!

 

Im pretty sure as i've stated on 100 other threads. It'll grow as the supply runs out. Unless someone has figured out which way is best to earn in the new GE the merchantability from there will be ineffective.

 

Anyone who took a basic course in macro/micro economics knows that gold
prices are NOT going to drop as everyone says they are.

"In 1 minute, 6M gold is generated.
In one hour, 360M gold is generated.
In a day, an astonishing 8.6B gold is generated into the game!"

The logic here is also slightly flawed since you're not accounting for
all the gold taken out of the economy by "shit drops." Remember? I bet
everyone here has downed someone wearing 1m,10m,100m+ on them and
sometimes received just bones as the drop. Therefore, I don't think the PvP
loot system was responsible for the drop in gold prices.

 

ahh u reminded me about the bad drops how someones wearing 100m could drop like 10k loot...i forgot about that

 

There are multiple ways of selling gold such as instant gold and farming. When free trade returns, instant gold will be much easier to sell but it doesn't mean that the demand for this gold will rise as currently it is still easy to go on popular websites to buy "rapid gold". However for gold farming, there is less demand for this as it takes longer than instant gold. When the free trade does return, I think that more people will move to buying instant gold rather than gold farming as it is so much easier forcing gold farming prices to go even lower than they are now.

But, if the prices of gold farming go very low, then the demand will once again switch to gold farming rather than instant gold lowering the prices of instant gold and rising the prices of gold farming.

So, my prediction is that the prices will be stable for a very long time but in the very beginning all prices will be much lower than they are now as people are stocking up on gold to sell off.