RuneScape Forum Archive | Monetary Reference Table

Aivas

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To the first point,

If they both weigh the same, yeah, 'course a cut gem is worth more.....but if they don't, and it's the same stone throughout..... 50%...is a lotta weight. Could have sworn you'd be losing value from the raw thing to the finished thing, even with labour.

The demand thing I get, though. Works for rsrp.

To the second point,

Yeah, I read that. I'm kind of ignoring it, as I don't expect anyone to change their income, or how much money they claim to have, simply to conform to a price guide.

I don't wanna be mean....but could you please listen to what I'm trying to say? Inflation has /already/ taken its toll. To the point that if someone walks into a shop, plops down some precious runite ore, and asks me to attempt to forge a rune sword for 3k coins Tibby, Ima flip some tables like Traven on a bad hair day. If you could convince everyone to accept a radical deflation movement, I could probably go along with it. But as it currently stands, no dice.

14-Oct-2013 00:43:22 - Last edited on 14-Oct-2013 01:01:16 by Aivas

Aivas

Posts: 3,002 Adamant Posts by user Forum Profile RuneMetrics Profile

To sum it up,

It probably looks like I hate everything about this thread. Not at all. I think it's scaled well, and certainly has a decent amount of time and effort put into it. Where I think it utterly fails, however, is where it seems to completely ignore inflation.

If ya wanna use these prices, or this guide, great. It's not a bad guide. Nothing I can do to stop ya.

Original message details are unavailable.
And at the end of the day gold is still worth something how?

But I think, if you want these guide prices to be the prices of items, you need a different medium of exchange than gold. It's worthless.

14-Oct-2013 01:16:05

SsVivid

Posts: 1,776 Mithril Posts by user Forum Profile RuneMetrics Profile

Aivas said :
but if they don't, and it's the same stone throughout..... 50%...is a lotta weight. Could have sworn you'd be losing value from the raw thing to the finished thing, even with labour. Weight isn't worth money. A jeweler wouldn't ever waste his time cutting and selling gemstones if he couldn't profit off the hours of work, so either he wouldn't cut them, or he would charge more than the materials alone are worth.
Aivas said :
Yeah, I read that. I'm kind of ignoring it, as I don't expect anyone to change their income, or how much money they claim to have, simply to conform to a price guide.

Inflation has /already/ taken its toll.

If you could convince everyone to accept a radical deflation movement, I could probably go along with it. But as it currently stands, no dice. You don't get to pick and choose which parts of the reference table you use. If you like the idea and want to use prices that make rational sense and have actual, justified value, this is a way to do it. I'm not demanding anyone use this. In fact, I said, verbatim, "It's mostly for me, but I thought it would be nice to share."

If you don't want a method that makes sense, you're completely welcome to ignore this and continue floundering around at the shop counter saying, "Uhhhhhh I guess I'll pay 50 silver for this sword!" and just spraying the money out of your butt without giving any thought to what a sword or a coin might realistically be worth.

The problem isn't that money is inflated, it's that people have no gauge for what anything is worth or how much money they should have. In fact, if I remember correctly, this is one of the things that Tibby made an effort to help solve (albeit unsuccessfully). That, however, is a clear and concrete solution for those who want it. That said, it's really not meant to be used with the Tibby system - if you notice, it's listed in gp.

14-Oct-2013 01:25:02 - Last edited on 14-Oct-2013 01:28:24 by SsVivid

SsVivid

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Aivas said :
But I think, if you want these guide prices to be the prices of items, you need a different medium of exchange than gold. It's worthless.
I suspect you may have missed post 10, page 1, where it explains how gold isn't worthless.

14-Oct-2013 01:30:56

Aivas

Posts: 3,002 Adamant Posts by user Forum Profile RuneMetrics Profile

To the first point,

I can see I'll never be able to convince ya about this. And hey. Maybe I'm wrong. Then again, maybe not.

To the second point,

Oh, I know you can't pick and choose parts. Which is why I'm choosing not to use this guide. Duh.

Also love how you imply I'm spraying silver coins out of my ass, etc, etc. What a lovely image. Thanks for the insults.

Lastly, nah. It's both problems. Money is inflated, /and/ many have no idea what a coin is really worth. I just pointed out the first one.

14-Oct-2013 01:32:05

Voden Myshi

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I've personally always been of the belief that gold is a lot more common in Runescape than it is in the real world, and that's why everything is a gold standard. Minted gold coins and whatnot. I exist to amuse myself. Whether or not that includes you is not my problem.

14-Oct-2013 01:33:24

SsVivid

Posts: 1,776 Mithril Posts by user Forum Profile RuneMetrics Profile

Aivas said :
I can see I'll never be able to convince ya about this. And hey. Maybe I'm wrong. Then again, maybe not.
I really don't even understand how there's a question about it. If you were a jeweler crafting engagement rings for your store, would you honestly charge less for the ring than what it cost you to buy the raw materials and run the machines and store?

Aivas said :
Lastly, nah. It's both problems. Money is inflated, /and/ many have no idea what a coin is really worth. I just pointed out the first one.
I firmly believe that, if people are helped to understand what the value of a coin is, inflation will no longer be a problem.

14-Oct-2013 01:36:05 - Last edited on 14-Oct-2013 01:37:55 by SsVivid

SsVivid

Posts: 1,776 Mithril Posts by user Forum Profile RuneMetrics Profile

Voden Myshi said :
I've personally always been of the belief that gold is a lot more common in Runescape than it is in the real world, and that's why everything is a gold standard. Minted gold coins and whatnot.
My favorite hypothesis for this is that (assuming one gold bar costs 575 coins) each coin is 1/575th of a bar.

14-Oct-2013 01:39:02

Aivas

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And no. Again. I read that part.

SsVivid said :

• Gold pieces may be some genuine form of low-karat gold, but the actual coins themselves are very small and pressed very thinly such that there is not much material - one gold coin is made up of 1/575th of a gold bar. The coins are small enough that they are only worth their literal values.

• Gold pieces may not be actual gold at all, but rather some kind of inexpensive yellowed metal, like a nickle or tin, which people affectionately call gold because of their hue and are worth their literal values.

• Gold pieces are gold, but have been produced through a minting process and stamped with a seal that marks them as a currency worth "1gp" each instead of their literal values.

• If you're hooked on the Tibby system, assume 1gp is a copper and move decimals as needed.

To the first one, you're just saying that a gold coin is worth a fraction of what a gold bar is worth......grrreeeat.....erm. What is a gold bar worth? Oh....a few hundred coins.....waaaaait....what is a few hundred coins worth? Oh, a gold bar. And on, and on, and on.

You have no weight comparison to tie these values to the ground.

To the second one, this probably fits best with an alchemy theory. In which case, one could make unlimited amounts of the stuff....thus devaluing it*

To the third one, oh, cool! I like this method! Wwwwwwait. What is 1gp worth? Who minted these coins? How is it that all the kingdoms in Gielinor agreed to use a single method? And what stops someone from just minting these coins themselves....devaluing it...*

To the forth one, yeah. I'm hooked on the Tibster method. Which is why I want to flip tables when I see you priced a rune sword at 3k Tibby. Just...scary.

14-Oct-2013 01:40:26 - Last edited on 14-Oct-2013 01:42:23 by Aivas

Nov

2023

Sir Brad

Posts: 3,049 Adamant Posts by user Forum Profile RuneMetrics Profile

Stop over-thinking things. It's a method, and if you do not like it, do not use it. We all have our preferences. You may get mad when people use this...but I get mad when people use blurite and silver coins and stuffs, but I do not pester them over it.

Just tolerate it and move on.

" Perseverance in honor brings invariable order. " - The White Knights of Falador

Sir Brad

14-Oct-2013 01:51:04

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Monetary Reference Table