Gold buying VS Bonds

I have seen that the Runescape market is still active with people buying Gold with real money do you reckon this will die off soon or just turn into 100% scam only users, as of right now Bonds are increasing in price and they're worth around .55/M and it's increasing in price rapidly.

now i know that some of the market place pricing is a bit cheaper but is it worth it getting your gold legit vs risking your whole account for a few extra mills ?

also what do you think will happen when the bonds/mills go even lower reaching the rate of RWT will it just kill it off or will people sell for extremely cheap.. ?

 

The underground gold market will slowly die, and holds nowhere near the market share that it used to.

The reason it didn't die as soon as bonds were released is because gold was and still is cheaper buying from players on sythe and there is an entire community that is used to buying on sythe and therefore confident in the process.

But what happens when the current sythe community outgrows the game?

The new generation of runescape players are growing up with bonds and therefore have no incentive to venture to the runescape underground. They don't know how gold sales work and the learning curve + risks involved are not worth saving $0.05 per M.

The future of the underground market lies in account sales and services.

*EDIT*
07 gold sales are much more likely to continue that rs3 sales - provided an official rs3 - oldschool transfer method IS NOT introduced.

 

nicely put, i think with bound prices approaching the normal rate without the risk involved it will diffidently kill the gold market jagx played it right to get the money from rwt to their pockets, or it might drop the gold prices too low but would it be worth it for the sellers?

 

Sythe users will always undercut the prices and there will continue to be a market for 07 gold.

 

^ agreed the market will keep going for awhile. Yes the number has dropped of players in the past years but u also got to think of what % of that number was bots. The player base is still fairly large.

 

You're right, there will remain a market for 07 for some time, but that market will suffer big time if jagex introduces a secure rs3 - 07 transfer method, which JMods at 2014 runefest said was not ruled out and went on to say that discussions on how such a mandated, cross game system could be deployed were ongoing.

As far as players undercutting the price of bonds - if buying a bond eventually gets you something like 1m for $0.30 (not saying it will happen but it's definitely possible) how low could gold sellers be expected to go?

I see it playing out something like this: The few well known and trusted sellers will be the only ones to survive, they have somewhat of a monopoly on gold sales and as demand decreases (which is inevitable because of bonds) prices will need to be so low that small time/new sellers will not be able to flip enough mills to make a profit.

The big time sellers who do survive will realistically only make a few cents per mill and therefore have to flip bills a day to make anything resembling an income. This kind of activity is likely be noticed by jagex because of its unprecedented scope. Not matter how you word it, risk goes up.

It should go without saying that sales as small as 5m or so will be a thing of the past on sythe, a seller investing 15 minutes of time to finalize a sale profiting them $0.30 - $0.50 is not something most people are going to bother with.

All that being said, I hope I'm wrong.

 

Bonds are a flat rate of $5 - That really isn't enough to dictate the market.
To buy a bond from the AH currently is around 9m - 9.2m to buy 10m from a gold seller - Say for example divicasales.com it would be around ~$4.4 which you're getting an extra 500-800k with that price as well.

I used to think the market was going to crash and burn with bond sales as well but I've witnessed first hand gold selling is still very much alive and thriving.

 

As long as the Game is around there will always be an Underground market.

Spoiler: Spoiler

Especially Sythe