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Tidus 319
May Member 2022

Tidus 319

Posts: 1,545 Mithril Posts by user Forum Profile RuneMetrics Profile
Hello =]

I haven't really noticed the price of food until today. Since December, sharks have gone up from around 600 each to almost 2k. It's not just sharks either =/ What happened in December to spark this massive increase in price?
Tidus 319.

17-Jun-2020 16:43:33

RichKngMidas

RichKngMidas

Posts: 175 Iron Posts by user Forum Profile RuneMetrics Profile
If there is any truth to the recent massive duping, trillions of gp have been inserted into the economy over the past few weeks. This causes inflation.

Probably a lot of other factors too, but this is at least one. I've noticed pretty much everything inflating besides arch mats nd some other resources these last few weeks, but those are targeted by botters, so I don't count them (huge supply increases constantly)

Ex.s

Fish mask. Bought 100 at 1.2 M, 5 weeks ago. Now they are selling for 3.2M+ (3x price increase)

Loved up walk token, bought 200 at 5.5 M avg. over a month ago. Flipped and finally sold at 25M + each.

Everything appears to be inflating esp. Rare items, which we all see.

Someone was even complaining about armour prices the other day, but I don't know much about that since I really just pure merch. Don't know that market. I'm known as Rich King Midas, and when you look at me, you'll see a king who knows a thing about his treasury. I never cared for women. I've never cared for wine. But when I count a large amount of money - ha ha - it's divine!

17-Jun-2020 19:39:26 - Last edited on 17-Jun-2020 19:40:54 by RichKngMidas

Samid
Sep Member 2008

Samid

Posts: 32,698 Sapphire Posts by user Forum Profile RuneMetrics Profile
I wouldn't think it has anything to do with the dupe claims, since that's only really impacted prices in the last day or two. Prices on food have been up for quite some time.

I can elaborate on March through today, which covers the effect Archaology (and recent events) had. As for December to March, I'm not sure.

First off, we see an increased demand from the players coming back for the new skills. Even if they don't stick with the skill, now that they're back many want to try out newer bosses and Elite Dungeons, which takes gear and food to do.

Second is reduced supply. The people who were fishing for profit have (mostly) stopped in favor of training Archaology. Combine this with double exp and yak track burning through many supplies lately, and then consider most returning players won't be jumping into mining and fishing right away, and you end up with a significant reduction to the amount of raw materials coming in game versus just a few months ago.
Tiles. Give them a use!

17-Jun-2020 20:17:32 - Last edited on 17-Jun-2020 20:20:34 by Samid

Ousis
May Member 2023

Ousis

Posts: 887 Gold Posts by user Forum Profile RuneMetrics Profile
I would blame activities that generated a lot fish like rocks and cave fish being replaced with better slower ones and afk fishing in prifinas. Thus, the majority of player base have no value in fishing cos it does not make good money and those who wanted 200 mil have it.

May be some drop table changes and so on Rs scks because nothing to do

18-Jun-2020 17:18:34 - Last edited on 18-Jun-2020 17:19:03 by Ousis

Cyanid
Jan Member 2006

Cyanid

Posts: 24,133 Opal Posts by user Forum Profile RuneMetrics Profile
High demand on certain items like rocktails from herblore which has effected similar tiers of food. If rocktials are 5k ea (or whatever they're going for right now) then people are going to fish those rather than sailfish. And if rocktails/sailfish are going to be 6k ea, then people will consider cheaper food options (ie sharks).


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20-Jun-2020 10:27:06

I Lack Heart
May Member 2016

I Lack Heart

Posts: 947 Gold Posts by user Forum Profile RuneMetrics Profile
RichKngMidas said :
If there is any truth to the recent massive duping, trillions of gp have been inserted into the economy over the past few weeks. This causes inflation.

That amount isnt really significant for the items you listed to rise in price, its more affected by merchants. Trillion gp brought to game sounds a lot while in reality it doesnt have much of effect on item pricings.

Best item to see if inflation has happened is bond, their price goes hand in hand with what gp is worth and their price have not changed much.

20-Jun-2020 12:32:32

S 1 M O N
Sep Member 2016

S 1 M O N

Posts: 1,491 Mithril Posts by user Forum Profile RuneMetrics Profile
Cyanid said :
High demand on certain items like rocktails from herblore which has effected similar tiers of food. If rocktials are 5k ea (or whatever they're going for right now) then people are going to fish those rather than sailfish. And if rocktails/sailfish are going to be 6k ea, then people will consider cheaper food options (ie sharks).


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This is actually, mostly likely, the right answer. Ignore the people with their tin foil hats on. Rocktails/Brews are needed for 120 herb (well not needed, but definitely the META). As such, it has naturally pushed demand for other, cheaper items up. That's really all there is to it.

20-Jun-2020 17:22:03

Glaucon

Glaucon

Posts: 432 Silver Posts by user Forum Profile RuneMetrics Profile
Using bonds as a proxy for where the trillions of duped gp has gone is foolish. Bond prices would only rise in the short term (1-3 months) if the dupers were buying bonds as an item in which to store their gp.

Over the long run, bond prices should rise as the rwt rate of $$:gp decreases, but we know that the dupers have purposefully delayed dumping all of their gp for $$ specifically in order to keep a high $$:gp price (or maintain the current price). We know that the dupers need time to convert their gp to irl $$, because if they sell trillions of gp, the price will fall.

So what do you do with your trillions of gp? You can keep it in shards, which are highly liquid and highly stable, but if you have trillions of gp, the smarter thing to do is use that much money to manipulate markets. Spread over the entire rs economy, a few trillion gp might not be that much, but concentrated exclusively in a few items, it's massive. You can manip item prices yourself with a relatively small amount of gp and enough alt accounts (need just like 3-4b depending on the item).

Rares are obviously being manipulated, and Midas has identified items other than rsh which are being manipulated.

Other places to store gp where you can maintain reasonable liquidity for the expected return include supplies and weapons, to name a few.

Another massive source of inflation is clearly spiritual warriors.

20-Jun-2020 17:55:15

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