RuneScape Forum Archive | Rare inflation

Kehl

Posts: 331 Silver Posts by user Forum Profile RuneMetrics Profile

It’s probably a mix of things going on that make these jumps within the past 6 months different from anything we’ve experienced in the past. An additional pool of money is now in circulation from tons of players that kept GP stocked away over the years in bank to prepare for the next next buyable skill Hiscores race, which was archaeology. It also helps that the pandemic brought a lot of new and returning players. Then there is the supposed rumor that a ton of GP was duped.

Right before archaeology release earlier this year, green hween used to be in the 400s and Santa in the 800s. It has only surged since then with minimal dips. This is not normal.

I also wanted to add another consideration for these surging prices all across the board. This could be a result of real life consumer spending plummeting from this pandemic. People are probably saving more money than ever before by cooking more frequently at home and the fact that many sporting events, flights, night clubs/bars, and concerts have been canceled. This could possibly mean that people could have allocated these spare funds elsewhere such as buying bonds with real life cash in order to buy that rare that they have always wanted. It might be the reason why bonds have been floating around the same price throughout this whole pandemic because more people are spending real life cash while many rares doubled and some more than tripled in price. People tend to spend big cash on bonds only for FOMO items (rares that increase faster than they could make gp).

Check out this article:

https://www.forbes.com/sites/billhardekopf/2020/08/14/this-week-in-credit-card-news-pandemic-brings-huge-drop-in-credit-card-debt-and-spending/#225afb593122

Rares being used as currency for staking could help influence the prices, but I think in big picture terms for the root of the issue.... we just have a huge GP inflow problem to even begin with. As more gp comes in, active rare supply decreases from hoarders/stakers.

23-Aug-2020 08:31:34 - Last edited on 23-Aug-2020 08:55:34 by Kehl

Jun

2012

Clark

Posts: 1,748 Mithril Posts by user Forum Profile RuneMetrics Profile

SoulSplits said :
Im sorry but partyhats rising in 2020 is not the same as in the past.

It has nothing to do with a dupe, or any sort of exploitation. This specific issue lies entirely within the duel arena. RS3 has entered a state where 1b is pocket change, and 53b (max shard stack) isnt even seen as a lot. As im sure most of you know now, there are players with trillions in the duel arena. Theres several trillions sitting there. Max cash is 2147m, max shards is around 53b. The only way to get to 1 trillion is with items. So thats where partyhats come in, we are now in a state where the economy is so inflated that GP just fails as a currency. Partyhats are essentially the new "currency" for large stakes.

Current example: There is a staker by the name of Crits Only that just recently cleaned a lot if not most of the big xers in w54. He staked and won tons of partyhats, allegedly 100+. So a lot of big stakers lost their partyhats. However, they wanted to stake him again, to try to get money back or even clean Crits. The problem is that he wanted to do large stakes of partyhats - partyhats. So every staker that lost their partyhats and wanted to stake him to try to win it back were willing to instant buy partyhats at huge overpays. Which is why hats just skyrocketed like 2-3b each in the matter of 48 hours.

The old talking point of "merchants drive up the price" is just wrong. Merchants facilitate the rise, stakers drive up the prices. The problem is the economy being overinflated, staking becoming more and more popular as no one knows how else to afford partyhats at current prices without staking, plus streaming staking on rs3 is more popular now. We need a staking tax and platinum tokens. This would hopefully alleviate some inflation and prevent partyhats from acting as a currency due to the limitations of other "currency" options we have, being shards and GP.

Just wanted to say thank you for this insight.

23-Aug-2020 08:50:02

J Bear

Posts: 8 Bronze Posts by user Forum Profile RuneMetrics Profile

wealthy bois losing party hat stakes and buying them back making higher demand and prices is good and all but im not buying that for a second because its not just phats that skyrocketed its every rare and even tokens. i cant count how many tokens i made 100m+ on but it doesnt make up for the fact i could buy a green hween for 400m several months ago and now they topped at 2b. something is fishy here and its not a can of tuna boys. I feel as if everybody hopped on this rare train after the dupe vid because it put so much focus on them that it actually gave them a demand so now everybody is hoarding them till they see the price being right enough to crash the market again because lets be honest ive played this game well over 15 years and everytime the prices go up they crash just as hard but for some odd reason that hasnt happened this time around. people have so much gp nowadays that they can just buy out and manip almost anything and keep it going till they get bored. Rares are an easy target considering there wont ever be more released into the game so good old supply is far lower than demand if nobody is selling. I could be highly wrong here with all this but ive seen and heard way too much speculation so only fair i add to the list i guess.

23-Aug-2020 09:04:04

Bouss

Posts: 175 Iron Posts by user Forum Profile RuneMetrics Profile

I find it also very bizarre that after release of eof there has been massive increase on some More common rares too like snow parasol went from fairly stable 3.7m to 13m on matter of days and these are not Even being bought by one person but rather by an army of accounts. Items with trade limit of two are going by hundreds away and this is with multiple items not just one. Any speculation to why this happens now Bulls make money, bears make money, pigs get slaughtered

23-Aug-2020 15:48:13 - Last edited on 23-Aug-2020 15:49:03 by Bouss

Nov

2014

SoulSplits

Posts: 4,615 Adamant Posts by user Forum Profile RuneMetrics Profile

J Bear said :
wealthy bois losing party hat stakes and buying them back making higher demand and prices is good and all but im not buying that for a second because its not just phats that skyrocketed its every rare and even tokens

Well it is all related. I'm still suggesting that inflation is a big part of the issue. Thats why dyes also went so high. If someone can spend 40b on a blue they can certainly spend 4b on a blood dye. And as for the lower rares, they have become the new "partyhat" for players that dont have 20b+. Back then people didnt pay attention to hween masks and santas as much because a partyhat still seemed reasonably achievable, but now its just not. And everyone sees prices rise, and wants to jump on the train to hopefully make profit and not feel like they are falling too far behind. So to me it just seems like hoard mentality, inflation, and just generally more attention to lower rares as partyhats become less and less of an option for the general playerbase. And as for tokens, I think its pretty natural. They are a consumable "rare". (in my opinion i think any token is capable of being re-released so i use the term "rare" lightly). So over time supply is just going to drop, which hoarders help facilitate.

Overall, I really don't think any of this is because of a dupe. I still think staking, and people just having too much GP, without having a currency to support that level of wealth, is whats driving up rares, either directly or indirectly.

23-Aug-2020 16:44:49

Meowing Cat

Posts: 67 Iron Posts by user Forum Profile RuneMetrics Profile

The GP and wealth used to stake with came over night. pretty much(4-6months) and with the supposed dupe. that played in quite well in your suggestion of incease in stakers and wealth. the GP and wealth didn't just come from nothing. so it is a inflation regardless. and with the talks from pretty much everyone now wanting duel arena removed from both osrs and runescape. i see this inflation get to null and void fast. i hope it gets done fast. Meow, Meoow miv moaw. **hhhh SHHHG MOAW MIIIIVVVVVVVV! =^.^=

05-Dec-2020 00:13:50

Trip180

Posts: 16,702 Opal Posts by user Forum Profile RuneMetrics Profile

So many walls of text.

Players return, gp was duped, faith in rares that had been lost since 2017 was restored, and no new updates.

I believe gp becoming super cheap is most important. Rwt is behind the rise to a large extent. Hopefully Jagex stops the rwt. I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity.

05-Dec-2020 00:39:08

Nov

2014

Lumbys Hero

Posts: 2,005 Mithril Posts by user Forum Profile RuneMetrics Profile

Tons of new players from Steam. When it hits mobile they are gonna go nuts.

More players

=

More people wanting purchase exclusive items

=

Sellers' Market

=

Higher Prices

Same thing is happening in my hometown. Very little housing > Tons of new people moving in > Apartment prices have when from $400 a month to $1200 a month.

Best,

Hero

RS

CLASSIC

VET

|

THREE

Round

COMBAT

|

STAKING

In

L.U.M.B.Y

|

TANK

Mages

DRANNER WALL

05-Dec-2020 19:00:35 - Last edited on 05-Dec-2020 19:09:33 by Lumbys Hero

Apr

2014

Haseyo

Posts: 1,435 Mithril Posts by user Forum Profile RuneMetrics Profile

Lumbys Hero said :
Tons of new players from Steam. When it hits mobile they are gonna go nuts.

More players

=

More people wanting purchase exclusive items

=

Sellers' Market

=

Higher Prices

Same thing is happening in my hometown. Very little housing > Tons of new people moving in > Apartment prices have when from $400 a month to $1200 a month.

Best,

Hero Except the massive rare bubble began months before steam release, before anyone even knew about a steam release in fact. This rise has nothing to do with steam release. Where do you take a sick horse?

05-Dec-2020 21:22:49

Aug

2020

Aecka

Posts: 233 Silver Posts by user Forum Profile RuneMetrics Profile

Lumbys Hero said :
Tons of new players from Steam. When it hits mobile they are gonna go nuts.

More players

=

More people wanting purchase exclusive items

=

Sellers' Market

=

Higher Prices

Same thing is happening in my hometown. Very little housing > Tons of new people moving in > Apartment prices have when from $400 a month to $1200 a month.

Best,

Hero

Damn those pesky new players with Bils in their banks
AECKA

06-Dec-2020 08:37:56

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Rare inflation