Archive for the ‘Economy’ Category »
Hi, my name is Maxwell, and I’m excited to be blogging with “TRB”! My first article will be about one money making method… that’s easier than nomming on food!
To get to Miscellania, you can either: Take a boat from Rellekka, or teleport using your Ring of Wealth, take a mine cart, or use a fairy ring (code C-I-P).
The first step is to complete the quest: Throne of Miscellania. It is a rather easy and quick quest. To start it, you need to speak to King Vargas in Miscellania. To complete the quest you will need: about 45gp, an Iron Bar, some Logs, a pickaxe, a woodcutting axe, harpoon and lobster pot, and a Ring with a gem in it. Male characters will need Flowers, and a Bow. Female characters will need a Cake. (Information from Sal’s Realm) This quest will unlock the kingdom feature.
Additionally, it would be a very helpful if you completed the quest: Royal Trouble. To start this quest speak to Advisor Ghrim on the 2nd floor of the Miscellania castle. All you need to complete this quest is a pickaxe and 5 coal. You will need to defeat a level 149 sea snake (EASY; IF YOU THINK 149 IS HARD, IT’S MORE LIKE A LEVEL 90). The Sea Snake only uses melee. Bring an antipoision and food accordingly. When you finish this quest you get increased resources to use for your kingdom.
After you do those, you finally will have access to all of your kingdom. Before you start, I recommend getting 100% of the people’s approval. You can do this by chopping some maples, mining some coal, fishing, or farming outside the castle walls. You can find out your approval by talking to any NPC near each of the areas I mentioned.
So now, we can finally begin to set up our kingdom. Talk to Advisor Ghrim. Firstly, put money in your kingdom coffers. Every day is 75K, so I’d recommend putting at least 750K in your coffers. Secondly, you want to put your kingdom on the resources that are worth the most at the time. I always put all all on herbs (click the up arrows near the herb until the “meter” reaches to be full), and I put the rest on maples since they can have nice bird nest loots. Of course this is mainly subjective, but I’d do a little bit of research so you can get the most money out of this. When you wish to collect your kingdom, just get your approval back to 100% and go back to Advisor Ghrim and ask him to collect your kingdom.
The kingdom is definitely chance. Some weeks you may have an amazing profit, and other maybe your record lows. I leave my kingdom out for 30 days, and I get a nice profit.
Thanks to my clan, Avon, for helping me with some of this info, and thanks to my friend Emily who suggested this topic for me and proofread this. If you have any comments, feedback, or questions feel free to leave a comment.
-Maxwell K.
Merchanting in Runescape – Part 1
- How merchanting clan’s work.
- How to invest in an appropriate merchanting clan.
- How to start a merchanting clan.
- Typically merchanting clans are made up of lots of members whom have a reasonably large combined wealth. Merchanting clans essentially act as a singular investment entity. A merchanting clan will all invest in one item, this then creates a falsified demand whilst restricting the supply hence it makes the price of the product go up.
- The majority of merchanting clans will essentially rip off non ranked members. Basically at the top of the food chain, you have the clan leaders. These members buy the items before anyone else, this means they already have around 500 million – 2 billion GPS in stock before others start buying the item. The clan leaders then will notify the members of the item being merchanted. These ‘pawns’ pardon the expression then go to the Grand Exchange in order to buy the item. This then creates a further demand. Once these unranked finally get the item, contemplating the right time to dump the product is crucial. Merchanting clans create the falsified demand when they attempt to sell there product on the Grand Exchange it crashes the item. This means that the clan members whom are not in the inner circle ultimately get destroyed losing huge amounts of money.
How to invest in an appropriate merchanting clan:
- The thing about investing in a merchanting clan is that it is an extremely risky business if you’re not ranked. So how does one play it safe when merchanting an item? Well the truth is playing safe involves dumping the item early.
- Let’s take a quick analysis of the graph above: Now there are two things that went horribly wrong with this merchant, especially if you participated as a ‘pawn’ member in the clan. 1) Jagex did a manual up date, reducing the price of the item being merchanted, hence the double dip rise. 2) The merchanting clan leaders dumped the item, and it completely crashed the item. If you had this item, selling it would be nearly impossible, had you sold early you would have elevated this entire issue.
- The truth is when investing in a merchanting clan you need to be cautious, when you start out, invest smaller amounts of money, because the truth is, you will lose out, and lose out large.
- Alternative solutions; now assuming you invested in this product perhaps 10 million GPS, now, considering they started at 5k each, and rose to 130k rising approximately 25 times. This 10 million GP would turn into 250mil. Now, when the item crashes you contact your local gold seller, and they would most likely buy the 250 million in junk for around 50 dollars. It’s a cheaper alternative to buying gold. Opposed to paying 250 dollars you pay 50 dollars, not half bad.
- Now starting a merchanting clan is no easy task. It involves a lot of hard work. A lot of money and a lot of experience.
- First off: To start an effective merchanting clan, there should be a shared amount of around 3 billion GPS amongst the highest ranks. After this has been achieved which in all honesty isn’t the hardest task to achieve, granted every Tom, Dick and Harry has 500 million gps nowdays (more guides to be released on how to make gold).
- Second thing to do: Get a script/bot that enables you to make 100s of accounts, using macro’s to advertise for the merchanting clan to get a big public following hopefully worth another 500-3 billion GPS.
- Third thing to do: Research. Only certain items can be merchanted, you cannot merchant every item as certain items are 1) controlled by Jagex artificially 2) simply cannot be merchanted due to the quantity. Let’s look at some items that have been merchanted
- Mystic Items – Semi Rare/easily accessible.
- Amulets of Accuracy
- Orange tree seeds
- Various other rare seeds
- Limproots
- Certain stones.
- Now, at current I will be making a rather large merchanting clan, for the purpose of making guides. If you’re interested, please contact me on mmobay.net, my aim is purepk244 & msn ysondra123[at]hotmail.com
- I will be making guides basically one every aspect of the game
- I have lots of runescape experience.
- Plenty of merchanting experience.
Analysis of Rare Prices
I quit Runescape almost 4 years ago, but i actively play a role in the Runescape economy. How? I own several rares and i often make sure to login and make some money merchant-ing. However, i’ve noticed that from October, 2009 up till today we have seen a steady increase in the prices of rares. Why? I’m not quite sure, usually around this time of the year the rares plummet in prices but we have yet to see that type of trend in the game. Whats even more interesting to hear is that party-hat’s have stayed pretty consistent in prices while Halloween masks and Santa hats have risen tremendously.
Is it possible that the prices of these items are dependent upon the intervention of long time merchants like myself? or is it a natural supply and demand issue?
Making money with the GE
This is the first part in a four part series on GE trading. When the Grand Exchange first opened in Runescape, it ushered in a whole new era of trading. 
No more sitting in Fally W2 and hoping for items you needed, or begging in banks for some obscure item. It also opened up some huge opportunities for trading and new and more effective ways of making gold in Runescape.
In the first of four posts on making GP with the GE, I will outline some effective trading strategies (Fundamental, technical and speculative), and in the last I will debunk some of the poor strategies (like buy outs for example). If, after you are done reading fee free to post any questions you may have. There is also a forum over at The Grand Exchange (Thegrandexchange.com) where you can register and ask specific questions about trading and the various methods I will outline here.
Part I – Fundamental Trading
First off, I will start by saying that fundy trading is the easiest and fastest way to make money off the GE. It is fairly straightforward, and is based on real stock trading methods. The kind of trade you do also determines which items you will trade.
There are three prerequisites for items to determine if they are a good thing to buy as a fundy trade. They are:
1. The item must be traded in high volume (Anything in the top 100 most traded items list is good)
2. The item needs to be used up in the process of skilling (People use them up in large quantities)
3. The price graph must be relatively straight (little volatility)
The goal with a fundamental trade is a 5% profit. In general, buying at 2.5% below med and selling at 2.5% above will accomplish that. Done on a consistent basis, you will see your money double every 14 trades. (See the rule of 72 for further study of the reasons for that).
Why high volume? You need lots of buyers and sellers. Items like gold leaf, for example, are used in the ‘value chain’ of making gilded items in construction, but there are so few traded on the GE that it is nearly impossible to make money off them. Teak planks on the other hand are traded in huge volumes, as well as being used far more frequently in skilling.
Finally, why a straight line? You don’t want to choose an item that might jump down after you purchase it. Coal is another example. It is used up in large quantities, and is the 19th most traded item, with 97 million chunks of coal trading hands yesterday. With a 4 hour limit of 10k coal, it is impossible to manipulate, as it is not a matter of purchasing power or GP at that point. You would need a clan 20,000 members strong buying and selling 10k coal each to even make a dent in the price, and no one has anywhere near those numbers, not to mention all of the coal miners would keep pumping cheap coal into the GE to offset any attempted price increase.
An example of value chain for Rune Essence: Rune ess is mined, air runes are crafted, water blast is used to kill an NPC. The final product is a drop that you can either bank or sell (or leave on the ground). Either way the ess is converted and finally used up in the process. Why does it remain flat? As rune crafters skill, they buy rune ess when it is cheap and mine it when it is expensive, keeping the price relatively stable.
As a beginner, once you go through the initial work of finding some items, you can continue to trade them without constant checking of the prices in the GE, making fundy trading ideal for those who either don’t have the time or the inclination to check the market regularly. 90% Of my trades are fundy trades, as I can pull a 5% profit in 5-6 hours. That beats the pants off the return you would get with a buyout clan that only makes 5% every time the GE updates (26-30 hours).
Robots don’t get Carpal Tunnel
Jagex has always had a smear campaign against autoing/macroing/botting. Most players listen to them and their warnings of “If you do it, we will catch you, and you will be banned.” Out of fear for their precious accounts, people don’t even look for cheats.
I want to tell you otherwise.
I have played RuneScape for roughly 4 years. It will be 5 this June, not counting the breaks I have taken. For most of those 4 years, I was the model player. I reported players when I thought it was neccessary, I didn’t break rules (except swearing, but hey, that’s been lifted a bit) and most of all, I didn’t bot. RuneScape was never really boring. I was a member for most of the time, and so I had plenty to do. RuneScape was good.
Shortly before 2008 breathed its last breath, I re-kindled a friendship with an old mate. He introduced me to sites such as Sythe and Fagex, and taught me the art of scamming. Together we scammed two accounts, and several membership PINs. Sythe and Fagex also have a RSBot section, and I looked through it and eventually downloaded RSBot.
I wish I had done it sooner. RSBot is easily the best thing I have done in my RuneScape career. I am botting right now! Jagex claims they will find you, and yet in 3+ months of near constant botting, I have not been warned nor banned.
As the title proclaims, robots don’t get Carpal Tunnel. If RuneScape is getting boring, you can do what I always did, and take a break. Alternatively, you can take the step and get RSBot. You will never be the same.