Gold Prices 07rs

[nmztrainer]

why are gold prices continuing to drop? Will they ever go back up or stay at this same price?

 

[xTrustyx]

They fluctuate on the demand, people are the one controlling the economy.
In my opinion I think it will raise sometime soon, who knows?

 

[VladBots]

In the long run the player base is going down and more gold is brought into the game than is consumed so logically it will go down until the end. There may be spikes along the way like summer time, mass bans on stakers, amazing new content, etc. There can also be large troughs from duping, school starting, new gold sources, etc.

Cool graph of RuneScape playerbase: http://www.misplaceditems.com/rs_tools/graph/?display=avg&interval=qtr_yr&total=1

Quote from a different topic asking the same thing. Prices are probably dropping now because everyone is trying out Deadman mode lowering demand for 07 GP.

 

[Profit Snake]

They're really low right now. It's pretty crazy lol. Not too long ago (3-4 months) it was a bit over $2 now it's almost $1 per mill

 

[nmztrainer]

dammnnn looks like my business will plumet eventually

 

[Timms]

Yeah it's crazy how much they've dropped..I remember them being over 10m for one :/

 

[nmztrainer]

even if it was back at $2 a mil i would be happy

 

[Ronaldo7]

Looks like they went up just a bit today.

 

[nmztrainer]

they seem like every 5 cents then go up they go down 8 cents the next day lol

 

[Ronaldo7]

they seem like every 5 cents then go up they go down 8 cents the next day lol

Well you gotta take into account the fact that Deadman mode just came out, and more people are partaking in deadman mode therefore less regular 07 gold demand

 

[nmztrainer]

thats true, i hope deadman crashes and burns and gold goes to $3 a mil again

 

[Ronaldo7]

thats true, i hope deadman crashes and burns and gold goes to $3 a mil again

I doubt the price will ever return to $3/mil man. The longer the game goes, the more gold is being generated into the economy, therefore supply goes up. Also, the longer the game goes, more and more people start quitting, therefore demand goes down.

high supply with low demand = low prices. Look at rs3 I'd say 5 years ago the price of gold was like 5x the price it is now..

 

[Distort]

$1.1-1.3/m