Grand Exchange Impact on Making Money in Runescape

Jagex released the Grand Exchange in Runescape onto an inexperienced market audience. As a result, making money in runescape has became much harder in the current market conditions. Too many people are panicking and trying to sell all their unused stock of items as quick as possible in order to make money before the items become worthless.

Naturally, this should be a short term problem to the whole runescape economy as now all players can trade through different worlds as well as trading while they are offline. This means supply for most items far outweighs demand and prices have fallen rapidly.

The best way to make use of the grand exchange is to both BUY and SELL items on there. Most people are simply trying to sell all items and therefore do not have room to buy anything. This is adding further problems as people keep lowering item prices thinking they will get sold quicker if at minimum.

The main problem is NOT the price, but the fact EVERYONE is doing the same thing - continually lowering the price they want to sell items at. If sellers, as a whole, were more patient and kept prices at a fair and reasonable price, then anyone buying items would eventually have to pay the price requested, otherwise they would not match any sellers price.

Merchanting has been impacted a lot, as has the ability to be self sufficient through using your own hard earned runescape skills. All players should remember this should only be a short term situation and in time, the market will return to a much more stable place.

Anyone who is into their runescape skills should be realistic in the prices they sell their items. Ideally, the skiller would be able to make money or at least break even when using high level skills.

Currently, due to the panic stricken runescape economy, there are very few skills that enable players to make money efficiently. This WILL change in the long term, but only after the majority of runescape players fully understand that it is the people who SELL the items that are driving the prices of resources down and not Jagex.

I ask all players who read this that they make their friends aware that in order to regain stability to the runescape economy, people selling items need to set realistic selling prices rather than trying to undercut other players to try and gain faster sales... this will only continue the downward spiral in resource prices and will affect all future sales and ability to make money through skills.