Not to toot my own horn or anything...

As that would be patently be a physical impossibility but some of the readers here will remember me wondering whether to buy any dragonhides a few days ago.

They went up and are now selling very nicely for 1860 :D

My prediction for this morning turned out well too, gold ores and red chinchompa are both up, +11 and +23 respectively...

But secondary to that I was chatting in Merch Gwyars clanchat and mentioned gold rings, that they seemed to be very low...I wonder if anyone followed my advice and bought any? :)

Unfortunately, dragon bones and blue dragonhide are sinking, but I wonder if they will jump up later after the Grand Exchange has weeded out all the panickers?

Anyways, on a different note some may like to note that adamant arrowtips buy for min+1-2gp but sell middle price so if you buy 10-20k per night you can make yourself a fairly easy 70-150k, beats me why anyone would wish to know this but there you go, now't as strange as folk :p

To Buy or Not to Buy?

That's a very good question...

There have been a lot of questions in the past about when you should update your offers and how...

The simple answer is as soon as the GE database updates, because if you are queued for minimum, middle or maximum price you are obviously first in line.

Imagine if you will a system update, lets call it a prayer update for arguments sake and you are taking your time reading the documentation and take 30 minutes to get back to your game, if 50,000 people are already in the game then at least 30% of those have already scanned the important information and will have gotten their offers in.

Take prayer for instance, whenever there is an update requiring prayer you can almost be sure dragon bones will rise at least 5-10% so make sure you get them first.

If smithing is getting the treatment, gold ores will go up since it is again the fastest way to train.

Construction = oak planks (and maybe the occasional nail)

Slayer = black mask (non charged only)

Herblore = water filled vials (though with shop update this has less of an impact probably)

Crafting = green dragonhide, and to a lesser extent other colours

High level ranging = red chinchompa

Every single skill has its corresponding super training item that everyone descends upon, all you need to do is be ready and know what they are.

There have been rumours afoot lately of an upcoming smithing update, will you spend 4 hours asking everyone whether to buy gold ores cheap, waste your time and miss out or will you be one of the first to log back into the server and make a lot of money?

This goes for natural GE updates too, if you do some research and recognise what is going to be good the day after to buy without hardly looking you will have a distinct advantage. When I am choosing items to trade I will generally look 1-2 days in the future, I know what price they are likely to hit so can simply run into the Grand Exchange and make a lot of money due to being there first.

Make a list of your commonly traded items and bookmark them in your favourite browser, when update comes along all you need do then is load them all up and see what has risen and fallen. Simples.

Anyways, on that note I have just noticed that both gold ore and red chinchompa are nicely underpriced and should be due a rise sometime...Chinchompa being at its lowest point for 3 and a half months and gold ore being at a low it hasn't seen for months, possibly years.

Red Chinchompa

Gold ore

What is this post about??!

I may write a new post later about the importance of speed when an update arrives or the GE updates itself, then again I may leave it until tomorrow, lol

I am also thinking about changing the background to my blog, as the greyish text on white can be awkward to see, so any recommendations will be noted and acted upon :)

I was just sort of wondering how the people I told about maple seeds did, I told various people to buy at mid+120 for 33k a day or two ago, I am just in the process now of selling for 35k, 5,347 of them making 10.6M

I also note that gold rings appear to be massively undervalued compared to the previous 6 months...I have bought myself about 20,000 of them upto now and am hoping for them to rise to 220-240 at least :)

I have not got any of these but I used to trade them regularly as when they find a general price range they tend to be very stable...teletabs, today more specifically Lumbridge ones for around 1040-1050, I don't know how close you will get to the minimum price but they are certainly worth the punt, 5k per four hours is the limit :)

This is one to watch not for this week, but in about 8-11 days when the price hits 5400gp, when black dragonhide chaps hit that price make sure you fall upon them like a pack of rabid guinea pigs as they will bounce back up into the stratosphere again, or at least to 5800.

Why prices in Runescape must rise

Why are all items in Runescape going up in price?

One word.

Deflation and money debasement. Actually thats three but maths was never really my strong point.

But this is not the only reason, for that we have to go way back to the beginning, to a beginning I can only surmise at and guess due to not being there. When Runescape was new it was a happy time, so many people were running around plucking chickens and fisting goblins and selling their ill-gotton gains to shops that there wasn't a problem. So many people were poor that it didn't really matter but even in these early days there was trouble brewing, staking you see had the potential to double ones money constantly and most have seen what happens when you start with the number 2 and keep doubling...

If you started at 2x2 and carried on, by the 19th time you would have 1M

By 30 strokes you have that magical 2.147B number

But normal people do not stake 2gp to start off do they? ;)

Within a short while it became obvious that somehow people would have to be able to carry items of great wealth in order to get around the 2.147bil limit and Jagex delivered in fine form.

They invented party hats which were finite by their very nature and some got many and some got none, but most got one.

What one man has another must want...

Anyway, back in the day you could probably pick up a party hat for 50k, which meant some hours chopping trees or killing cows but something happened a year or so later...someone did the seemingly impossible and got 99 smithing. And the whole world rejoiced.

What happened then can only be described as mass happiness on an epic scale, for merchants who had a rune platebody was had his ticket to billions because see, when everyone else is stuck on adamant, he who is harder to hit is he who has an advantage in staking. People would allegedly swap party hats for these early plates that gave them a distinct advantage in battle.

After a few weeks of this another would get 99 smithing due to seeing how well it worked for the other unnamed guy, and then another and yet another and in time the price for plate bodies has been done but now no one but a few rich merchants hold all the party hats...and much lamenting was going on with stakers who could see their plates were of little value really because anyone could make them.

But people would die to black dragons and demons and that wealth would disappear and they would need food and goods and other sundries....wealth came into the game for sure, but it was taken out in equal measure.

Jump forward a year or two and now partyhats are being traded for millions of gold pieces due to traders only allowing them to be sold for that price and no one wanting to spend millions on a hat just to turn around again and sell for 10gp so the price was kept high.

This worked well for a long time as stakers could now stake party hats which had an intrinsic value of only pennies that cost millions and that would help with the 2.147bil limit.

Roll forward another five years and now you have many hundreds of high class merchants who buy out everything, double the price and then sell it off but with millions more people to buy and sell to the issue has been compounded a hundred-fold, they need to be able to do something about this problematic issue of money and it is not easy now to get hold of party hats, in the beginning when clans first started out you could get an easter egg for 4M but as they became "rarer" the price quadrupled as more and more needed to exchange money.

But there is a problem, whereas before players could be relied upon to do the monumentally stupid and kill themselves we got gravestones, which cut the risk of loss by 95% if you ran fast or got a friend to bless your grave...



PvP made a comeback with items costing upto 5M each suddenly appearing from thin air for next to no risk with 76k tricking.

Now that hats are finite, they then turn to other high ticket items such as rune bars, logs, essense...pretty much anything they can get thier hands on except for spirit shards because they are not something that can be sold easily.

And the money keeps flowing in with nowhere to go...

There are a few things that can be done to stop this flow or at least curtail and divert it:

*Jagex could simply step in, cap all the prices but that has been tried with the GE previously and patently did not work and mass whining ensued. (check partyhat whine)

*Jagex could ban all trading completely and they game will die as not very many can be bothered collecting absolutely everything themselves.

*Bring in a new skill that costs a lot of money so only the very rich or those that can be bothered to collect 500,000 wines of Zamorak/ 2,000,000 oak planks can ever have a hope to be the best in, but they did that twice with construction and summoning didn't they?

Increase the price cap somehow or at least get around it, maybe make some kind of bearer bond which can be bought from an NPC for set prices of 10M to 100M (without having to speak to him multiple times) and sold back for the exact same value.

So there you are, what can be done to get around this inflation, as it is hard for us all to trade well or safely with items costing more and more all the time, if it carries on we could have the real life equivilent of hyperinflation some say.

Thoughts?

Comments?

*This post is a summation of what went on, since I was not here for the most part, and compes mentis for even less of it events may have worked out differently in some cases.

Poll at top of forum

I have added a small poll to the top of this blog, for reasons that may become clearer later.

When you buy items in the GE what system do you use?

Do you buy in round numbers such as 1800, 1900, 10k

Or do you randomise it by choosing prices such as 1876, 1937, 10834?

Or do you simply choose the highest or lowest and hope for the best and you don't pay too much?