Where did people get the "prices" for rares at the trading center? - 3

Talon · 08-27-2013

Posted by iDigzy

@talon some games like runescape have a pricing guide that is constantly updated for "merchanting". While this would cause the staff to have to constantly make an update for the items, this shouldn't be too hard. They could simply make a few pr's keep it up to date. As lone as no stupid admin releases a crap load of an item, the prices should be stable.

Runescape actually has dedicated staff members though, to be honest, I wouldn't trust our staff team to come up with a legitimate pricing guide. Also, I've heard that Runescape isn't in the best economic state, I'm seeing RSGP being sold for USD everywhere I go.

Posted by lord greg

You ever thought of being an economic analyst or something?

Actually yeah, while I haven't taken any actual classes on economics I've always been interested in it.

lord greg · 08-27-2013

Posted by Talon

Actually yeah, while I haven't taken any actual classes on economics I've always been interested in it.

Thought so, you seem to have a good understanding and knowledge about it.

Cookie Xanadu · 08-30-2013

Posted by Talon

Runescape actually has dedicated staff members though, to be honest, I wouldn't trust our staff team to come up with a legitimate pricing guide. Also, I've heard that Runescape isn't in the best economic state, I'm seeing RSGP being sold for USD everywhere I go.

Actually yeah, while I haven't taken any actual classes on economics I've always been interested in it.

I want to crash Runescape's economy. At some point I'm going to sell enough Mahogany that I'll be able to buy up all of the party hats, and I shall be the god of money.

Nezo · 08-31-2013

However Graal Era is like the world right now...
The amount of shells is always cycling thoughout the players, unless a player spent his or her gralats on the game , the cycle would carry on and on.
If a player needs shells, he or she would just dig.
This wasn't the problem a few years back, since people would actually use the shells to exchange for gralats. However now people do not actually exchange their shells for gralats but they hold on to the shells.

So there would be an excessive amount of shells which would not be used to buy the game's items but to use it for trading.

Thus the old saying of keeping your money for a rainy day doesn't apply in Era, since the value of your shells would get less and less, as shells is infinite while there is only a certain number of a particular item

Well, inflation is the depreciation of the value of money. It is experienced by individuals and businesses as an increase in prices, as more money being required to buy an item (melees, super rares)

It is caused either by there being too much money in circulation for the rares, it will be seen that these two causes are essentially different sides of the same coin, reflecting the changing availability of rares to the amount of money that there is. An increase in the money supply will tend to cause general inflation, whilst a shortage of a particular item will tend to cause price rises only for that particular item. A great example would be ( the old SPD dagger and Stun Gun)

Let X be the total number of SPD Dagger

As there is only an X number of SPD, while Stun Gun has Inf number

So by maths, in years to come, SPD would be worth more than a Stun Gun

iHot · 09-03-2013

Posted by Talon

Just think about it.

Oh I get it! I started trading and I understand your post now.

08-31-2013	34
Nezo An Asian Join Date: May 2012 Location: japan Posts: 252	However Graal Era is like the world right now... The amount of shells is always cycling thoughout the players, unless a player spent his or her gralats on the game , the cycle would carry on and on. If a player needs shells, he or she would just dig. This wasn't the problem a few years back, since people would actually use the shells to exchange for gralats. However now people do not actually exchange their shells for gralats but they hold on to the shells. So there would be an excessive amount of shells which would not be used to buy the game's items but to use it for trading. Thus the old saying of keeping your money for a rainy day doesn't apply in Era, since the value of your shells would get less and less, as shells is infinite while there is only a certain number of a particular item Well, inflation is the depreciation of the value of money. It is experienced by individuals and businesses as an increase in prices, as more money being required to buy an item (melees, super rares) It is caused either by there being too much money in circulation for the rares, it will be seen that these two causes are essentially different sides of the same coin, reflecting the changing availability of rares to the amount of money that there is. An increase in the money supply will tend to cause general inflation, whilst a shortage of a particular item will tend to cause price rises only for that particular item. A great example would be ( the old SPD dagger and Stun Gun) Let X be the total number of SPD Dagger As there is only an X number of SPD, while Stun Gun has Inf number So by maths, in years to come, SPD would be worth more than a Stun Gun Last edited by Nezo; 08-31-2013 at 04:51 PM. Reason: Spelling