RuneScape Recession?
This article tells if there might be a RECESSION in Runescape!
The question “Will there ever be a recession in Runescape” is a very interesting topic, that needs to be thought out.
Before December 9th, 2007 the Grand Exchange in Runescape didn’t exist. There was only General Stores and Specialty Shops to sell your items.
With the creation of the Grand Exchange, all players can trade with one another without having to know the player that he or she is trading with.
Everyone now uses the Grand Exchange to sell there items, but some people don’t realize that there only selling them to other people, NOT the Runescape game itself.
Inflation
In Runescape, some people don’t think about Inflation in Runescape because they don’t think Jagex would set up a system that would cause Inflation at all, but Inflation is very hard to avoid when using money in a game.
Jagex doesn’t print money like the Federal Reserve does in the USA (For example).
The main factor in Runescape that cause Inflation are:
- Resources – Logs, Ores, etc.
- Drops, by monsters! This is also a large factor that causes Inflation!
The way that Inflation happens is when Resources, reappear, like Trees, or Rocks, people mine the rocks, once they are mined, $$$ is created out of thin air. Now you may be thinking, “But Items aren’t money!”, well, they are. When sold at General Stores or Specialty Stores.
Besides the fact of General and Specialty Store, many people also High Alchemy there chopped Logs or their mined Ores! This puts HUGE amounts of money into the game, which will make item prices rise faster than selling at General Stores. For example, the Grand Exchange price for Rune Platebody is: about 58k. The High Alch. price is: about 40k, so it’s pretty close. If people need money fast they will High Alch their Items, putting money right into the RS Economy!
Deflation
Logs can get burned up into Ashes but Ores can’t they only disappear if they are dropped.
Non-Resource items like Rune armour can only be lost if dropped or lost when you die.
There is an even amount of Resources being made and items being lost to cancel out the INFLATION!
Since the creation of the Grand Exchange, people no longer sell there Resources to the General Stores to make PURE money, that came right from the OFFICIAL RUNESCAPE GP GENERATOR, putting money right into the Runescape economy. This is why Jagex realized that they needed to make a Grand Exchange. Now all that happens is the money level stays flat and even, except maybe for a slow rise of inflation. But Thanks to Jagex Runescape system there won’t be any Recession anytime soon!
THERE MAY BE A RECESSION IN RUNESCAPE IN ABOUT 20 YEARS OR SOONER, BECAUSE PEOPLE WILL CONTINUE TO HIGH ALCH STUFF, WHICH MAY LEAD TO A RECESSION, AND WHO NOWS WHAT JAGEX WILL HAVE TO DO ABOUT IT, OR HOW THEY MAY SOLVE THE CONFLICT!
SO ENJOY YOUR GRAND EXCHANGE, BECAUSE IT POSTPONED A RUNESCAPE RECESSION!
Please Comment!
Thanks for making me MONEY!!!!
Liked it
High level alchemy is pretty popular though…Maybe you should take it into consideration…
OMG, i didnt think about that!!! Thanks, ill add to this article, I REALLY APPRECIATE IT!! THANKS AGAIN!!!
You’re an economic juggernaut. Impressive, no one sees online gaming through that perspective
thanks for commenting Denied One, your are exactly correct, NOBODY sees gaming that way, they expect that everything gaming related it prefect and wont have any problems!
Thanks for Commenting!
Good article! I think there will be a Runescape Economy Crisis soon lol.
ya, a REC, LOL thanx for commenting
A very well thought out article. However nobody sold stuff to the general store for cash lol, that’d just be plain stupid. They instead sold their items to players in the banks in falador (ores), varrock west bank (rune items and rares), varrock east bank (essences mainly), and camelot (most of the members items). Still a great article. 4/5!
Very informative. Well when a recession does hit the rich will be the ones that survive and im rich so yay =) but yes i can see this being a huge problem in runescape hopefully Jagex do something about it. I have got a guide on runescape economy to see it follow this link: http://gameolosophy.com/games/online/runescape/runescape-economy-clan-merchating-and-pvp-2575k-trick/
wow… are you kidding me? runescape is allready in a recession when a shield that isnt that much better then the rest is 300m+
No, not yet, just we might be headed into one
and there is nothing really we can do about it 
but who cares…its just a game
I disagree with a recessionary period.
1) Despite the complexity of the economy which you summarised in a few paragraphs, there are many other things which affect the money supply in the economy. You proposed that money comes from skilling (mining, woodcutting) and also item drops. However, you arguement tends to lean more towards the skilling part which creates money, and disregards the impact from item drops. It is true that from skilling, money is created and many players – even low levels – can skill. However, in recent years after the creation of the Grand Exchange, Jagex has introduced many alternatives to creating income. These methods includes Bandos, Armadyl, Godswar etc. These item drops alone increases the money supply expenentially.
Furthermore, how does this increase in income from item drops help solve the your proposed recession prediction? Well to be able to go to Godsward, Bandos etc, you must be a reletively high combat level. These players are assumed to be the ones who will play runescape for a long time, and eventually like to play the game and skill. The richer a player becomes, the more skilling he/she is able to gain. These players will buy the resources produced by lower levels which will inflat the prices or atleast make those prices worthwhile to produce for skillers.
- and the money supply goes around and around…
Another factor to think about is the factor of “junk” trading. This was created shortly after the Grand Exchange when the introduction of limited trade limits came out. Junk items which are unsellable are use to balance trades. Therefore, junk, as you say they have no further use in the economy….does actually have a use – they make other unsellable items or difficult to obtain items attainable fast.
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On another note…you proposed 20 years for a recession….this is a very long time. Obviously Jagex will have plenty of time to react to a recession – afterall…runescape is not like real world where banks and government are in control. In the world of runescape, Jagex is more than banks and government, they are GOD.
Very Nice Comment! Thanks for posting, and you are right about Jagex will have plenty of time to react. LOL! Jagex is GOD
haha funny good comment though!
Sorry to bust your bubble but the recession has already started
I think you need to explain it more.. I’m kind of perplexed with your article.. Confusing..