How the Runescape Economy Changed
Well hello there! Sorry this one took a little longer than planned. This issue #2 of my biweekly articles. It is about how different the economy is from what it used to be a year ago, or even from runescape classic.
Think back before the grand exchange was introduced to the market. When coal was 200 gold pieces each and rune armor set was 185,000 gold. Or when full Guthix was only 1,200,000 gold. It seems like a very long time since the economy has changed so drastically. It has only been since October though. How has the market changed so much? It is due mostly to the Grand Exchange. The Grand Exchange is a big market where someone can sell items for a price that Jagex makes. All of the items that you put on the Grand Exchange to sell go to all of the worlds and if someone else playing runescape on a different world wants your item they can buy it even if they are on a different world.
The first days of the grand exchange were good ones. The grand exchange looked like it was going to be a great update. It made selling and buying so much easier and much faster. Sadly though, people were only buying at the maximum or minimum amount you could pay for items. Jagex controls these limits. So when Jagex changed the market prices the maximum and minimum would increase or decrease. So when players bought and sold for the maximum or minimum this would continue to increase or decrease. It may only be 100 gold pieces at a time but the market soon changed immensely into the economy we see today.
There was also a 3000 gold piece limit on how much you could make or lose when you trade items. The item’s prices were determined by Jagex once again. This was one of the most controversial update runescape has ever seen. However this has finally rid runescape of scamming.
I myself prefered the old economy better than the new one we are in now. However because all of the real world trading is gone that makes up for it. The overall prices I think I had just gotten so accustomed to. Then when the big changes came, mainly kinds of rune armor, I just was not used to it. However some people do indeed like this new market that has taken over runescape. Whether you like it or not though, there is nothing that we can do about it right now except by changing it slowly. So would you like to change it, or keep it the same?
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(6 votes, average: 3.83 out of 5)
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February 11th, 2008 at 12:51 pm
I’d keep the Grand Exchange the way it is. Ppl scammed too much in the past, and I hated it. Now ppl can buy or sell things peacefully, without worrying if their price is too low, or too high, and without worrying if they are being tricked into something they dont like.
Plus the Grand Exchange lets you see any items, and its price. Wouldnt change it for the world.
K.M. Says:February 13th, 2008 at 2:49 am
i would take pre-set prices over annoying scammers anyday.
John Brown Says:February 27th, 2008 at 10:58 pm
To be fair, the GE has choked off scammng, though the trade changes before the restrictions were very effective in their own right. The trade restrictions really only paused the RWT and their minions, as they’ve already found ways around it (not surprising). Some prices have dropped, some dropped (maple logs from 100gp ea to 45 ea) then risen again (flax to about 15 ea, then back to 80ea), making he economy seem ruined. While the economy really is drastically changed to the point of near breakage, it’s still there, but we’re still in a transitory period where prices arent quite stable, and everyone is shaken up.
james Says:April 13th, 2008 at 12:27 pm
well… the change in prices of runescape changing are of grate consern to a lower lv like me, but I see good things on the horison.
Lar. Says:May 5th, 2008 at 10:24 am
the prices of all runescape items are yes very unstable. And miners who make everything ( supply metal, rune ess, gems,) for the rest of runescape are finding it hard to make money now.Most miners aproximately 1 out of every 3 people are going to cutting wood or picking flax something else that makes money. So this means prices for ores,runes,arrows will sky rocket and prices for wood and flax will drop so this will tip the economy over and no one is gonna stay mining if its not making enough money anymore and no one is gonna keep wood cutting if its not making money u cant blaim people. Prices are unpredictable and it will always be becuase of the grand exchange.But no one will be able to scam anymore which will level it a bit. =Þ
Guardian Says:May 20th, 2008 at 3:44 pm
As a newcomer to RuneScape - and thus someone who never knew the old market - I am incredibly thankful for the “new” economy. The Grand Exchange makes making money at lower levels much easier by being able to sell the stuff I make at lower levels in bulk without worrying about getting cheated or having a poor market (to raise crafting, I made a bajillion things out of leather and am selling them on GE - the market is slow, but it is better than storing 700+ leather chaps in my bank account).
It might be more difficult to make money for higher-level items, but from a noob standpoint the updates are AWESOME.