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Grand Exchange inaccuracy

Quick find code: 17-18-394-66074778

arachnobich

arachnobich

Posts: 6Bronze Posts by user Forum Profile RuneMetrics Profile
Hello, my problem today stems from the fact that the guide price of an item can be so extremely far off. I bought a couple bonds and was trying to sell one as I could not sell one in the ge, even for 300k less than stated price. Well, someone came to me to trade dragon thrownaxes for it, about equal to the bond's value I thought, but when I got to the ge to sell those it came around to about 1.4m, so I lost about half of what I bought just because the guide price of dragon thrownaxes was 2.3 times more than the actual sell price. Can we please have an accurate grand exchange where the buy price of an item is labelled clearly? you can catch flies with honey, but you catch more honeys bein fly.

11-Jan-2019 16:13:11 - Last edited on 11-Jan-2019 16:14:39 by arachnobich

Julij2
May Member 2015

Julij2

Posts: 2,301Mithril Posts by user Forum Profile RuneMetrics Profile
It has been a problem for years now. It was also pointed out to Jagex a several times already but unfortunately they're too busy with making new mtx promos than actually solving real problems.

Obviously scammers thrive off this so whenever you're offered a deal that is too good to be true then it usually is. Personally I stay away from any personal trading and only use ge.
''Never argue with stupid people, they will drag you down to their level and then beat you with experience'' - Mark Twain

11-Jan-2019 16:48:54

Itnachos11
Nov Gold Premier Club Member 2016

Itnachos11

Posts: 327Silver Posts by user Forum Profile RuneMetrics Profile
This is completely on you, with the recent update, lots of prices are changing. I dont think dragon items are affected, but ge prices can shoft a ton in little time, so you should have checked into their proper ge value before making such a silly unusual transaction. Idk what to put here

11-Jan-2019 20:34:23

Sabina_Rogue
Jul Member 2015

Sabina_Rogue

Posts: 26Bronze Posts by user Forum Profile RuneMetrics Profile
Ge prices are locked to move a maximum of 5% of the item price per day.

Masterwork trim is 14.1m but GE says its only 6k
every item drops and rises, just gotta check or only accept cash.

12-Jan-2019 19:54:18

SGXTrader

SGXTrader

Posts: 100Iron Posts by user Forum Profile RuneMetrics Profile
That is why we need a short selling system protected by margin calls & collateral using coins or spirit shards. In order to punish and profit off pump and dumps. By using inventories stored in the bank, loaning to sell effectively does not create any new items in the exchange while enable faster and more accurate price adjustments.

I made quite some profit off the coal price drop where I dump on my stocks at 160 on a false rise. And brought back abit with 70. Easy profits.
Art of trading is mere prediction of the future.
Very Active: Runescape GE, osu!, Line of Sight
Less Active: Blacklight Retribution PC US,Heroes & Generals

22-Jan-2019 03:01:12 - Last edited on 22-Jan-2019 03:01:43 by SGXTrader

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