Thursday, May 24, 2007

Resource Prices Bouncing Back

As previously mentioned, runescape price stability is likely to return due to Jagex having banned almost 30,000 accounts in recent weeks. The main bulk of banned accounts were bot accounts that were created with the sole purpose of harvesting resources to sell for runescape gold that was later sold for real cash.

Prices for sharks had dropped down to 500gp just before the large scale banning of bot accounts. Gradually, the price has risen and is now at around 700-800gp range. This has come due to the market being less flooded and demand still remaining constant.

Other affected goods have also seen their prices rise slightly - although not quite back to the pre-bot problem era, it does help people make a better return for the time they invested in gathering the resources.

In addition, merchanting items has gained due to more price stability - many merchants could have lost millions due to panic and selling when prices had bottomed out. With price stability returning to more expected levels, merchants have been buying up stocks ready to cash in at a later date when price rise back to their original trading price.

1 comment:

Anonymous said...

I am not so sure it is a bad thing for everyone. As buyers, having farmers is great, we have cheap goods to use for other levelling.