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~Disc. Items Discussion v1~

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RichKngMidas

RichKngMidas

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A player in the discontinued items status thread asked "what's going on with the easter egg right now?"

We notice the price has gone from 235M only a month ago to now 700M+ ( up from 415M yesterday).

The answer to that question is simple, a buy out. Low volume items are incredibly easy to buy up and cause their price to skyrocket. A group is simply buying up the stock for cheap and will unload for 3 - 4x their initial investment.

I was lucky and bought 115 easters last month for 280 avg. I cashed out thanks to other merchers. That would have been 48B profit if I managed to sell them at 700M +, though this is unlikely. As you trickle an item back to the players, the price declines. I made just under 20B, just on the rise :P easy money

The trick is not to get too greedy. Eventually someone will be stuck holding them and they will deflate in price, and they get to watch their bank implode lol. I've been that guy before and it's not fun 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!

29-Jun-2020 20:13:43 - Last edited on 29-Jun-2020 20:17:32 by RichKngMidas

H Rassy
Sep Member 2023

H Rassy

Posts: 17,469 Opal Posts by user Forum Profile RuneMetrics Profile
Seeing how there is still a ton of extra gp in the rare market for buying out all sorts of low volume small rares it seems inevitable to me that all this extra money,no matter where it came from,eventually will make its way into the partyhat market as well.
And that,given enough time,the historical ratios which have been rather stable over many years,will be restored.

If all small rares can double from their lows a few months ago,then why would in the end partyhats not double from their lows as well?

29-Jun-2020 21:07:22 - Last edited on 29-Jun-2020 21:10:09 by H Rassy

RichKngMidas

RichKngMidas

Posts: 175 Iron Posts by user Forum Profile RuneMetrics Profile
H Rassy said :
Seeing how there is still a ton of extra gp in the rare market for buying out all sorts of low volume small rares it seems inevitable to me that all this extra money,no matter where it came from,eventually will make its way into the partyhat market as well.
And that,given enough time,the historical ratios which have been rather stable over many years,will be restored.

If all small rares can double from their lows a few months ago,then why would in the end partyhats not double from their lows as well?

Because phats take a lot more capital to buy up, and it's only a handful of us trading them back and fourth .. the historical ratios are then mute, I think, because you have more available money to target these smaller items, whereas phats are a much more inflated market already.

Overall, I think RS rares will experience a sort of depression in the next 12 months is my prediction. This same thing happened in 2017. Pumpkins were 1.4B and crashed to 400, even sub- 400 for a period after.

I don't hold the belief that a massive gp dupe happened and that money was liquidated before getting removed. I think the dupe was a lot less successful than many believe, and a lot of.gp has already been removed.

If trillions were injected into the economy, why aren't bonds, which are a pretty solid measure of inflation, 40m ea or something ridiculous? Why just the rares market? It should be every market inflating, if that is the case.

But regardless of where the money is coming from, this has already happened once before, followed by a crash. Why would this time around be any different?

Just my two cents. 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!

29-Jun-2020 21:12:51 - Last edited on 29-Jun-2020 21:32:09 by RichKngMidas

H Rassy
Sep Member 2023

H Rassy

Posts: 17,469 Opal Posts by user Forum Profile RuneMetrics Profile
I dont know,it always goes to the rare market. Thats kinda how economys works.
Its not only the potential they have to transfer wealth its also a general thing.

When the fed and ecb did print over 10 trillion dollars and euros over the past 10 years it also did not lead to much inflation in mainstreet while at the same time real estate and other asset prices have gone up with more then 50%.
There is only so much you can spend on consumables and they get produced all the time as well. Like you wont go eat 10 pizzas a day or consume 500 prayer potions.
Their usefullness to a consumer is more or less limited,deminishing returns, which in the end limits demand.
But that doesnt go for non consumables like real estate,paintings or partyhats,their usefullness is more or less unlimited and they dont suffer from deminishing returns. You can rent out all the excess units,collect them or use them to store your wealth more or less safely.

Bonds not rising is a bit surprising to me i have to admit but that kinda is also an indication for which there are several logical explanations.

29-Jun-2020 21:44:11 - Last edited on 29-Jun-2020 21:50:00 by H Rassy

RichKngMidas

RichKngMidas

Posts: 175 Iron Posts by user Forum Profile RuneMetrics Profile
Josh-yoo-wa said :
What was the item you got stuck with that made your bank implode? :-P

I lost a substantial amount on half wines when they were still traded in the GE at one point. Lol. My own fault, though. I got greedy. I thought I would buy out and control the entire market, because they're such a low volume item. I'm pretty sure, at that point, I probably did have the entire active wines in my bank, but I quickly realized no one gave a darn about the item and I couldn't liquidate them for a profit ... would have taken months. Ended up losing quite a bit on them. Did make it back, but still pretty bitter about it to this day.

In retrospect, if i had known they'd climb to 3.5 - 4.5 B now, and be quite coveted, I'd be pretty happy having so many of them.

I still have 7 wines, actually. It's like a bad memory I hold onto for a personal lesson to myself. I love/hate my half wines. Lol. 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!

29-Jun-2020 23:26:59 - Last edited on 29-Jun-2020 23:28:07 by RichKngMidas

RichKngMidas

RichKngMidas

Posts: 175 Iron Posts by user Forum Profile RuneMetrics Profile
Josh-yoo-wa said :
Ahhh the old love/hate relationship with alcohol....slippery slope my friend, be careful!

Yeah stay away from those half wines. They'll get ya haha

They heal like 7hp btw, if anyone's curious. Not sure what that would be in EOC, don't care to find out again lol 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!

30-Jun-2020 17:54:45 - Last edited on 30-Jun-2020 18:05:59 by RichKngMidas

RichKngMidas

RichKngMidas

Posts: 175 Iron Posts by user Forum Profile RuneMetrics Profile
Santa hats seem to be moving again. Any thoughts? 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!

01-Jul-2020 17:49:36

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