Question about Osrs gold

[Aden]

I was away for a long time,back then you were able to buy rs07 gold for like 1.2 usd per mil, now i see its like 0,79$/m

 

Did prices go down?.and why?

Edited May 19, 2018 by Aden

[Tommm39]

Yes, there's a lot more gold in the game which has devalued it

Edited May 19, 2018 by Tommm39

[Aden]

Just now, Tommm39 said:

Yes, more gold in the game devalues it 

But thats like nothing new is it? Hasnt there always been much gold.ingame

2 minutes ago, Tommm39 said:

Yes, there's a lot more gold in the game which has devalued it

Do you think itll go down more or raise soon?

[Nintendo Switch]

golds like .65 not .79 lol

 

[Tommm39]

4 minutes ago, Aden said:

But thats like nothing new is it? Hasnt there always been much gold.ingame

Do you think itll go down more or raise soon?

It depends, if they don't add any more gold-sinks in theory it'll keep going down

[B3NJ]

22 minutes ago, Nintendo Switch said:

golds like .65 not .79 lol

 

this.

[Darren]

Gold will continue be on the decline, give it till around September it'll be .50/m

[1anter]

36 minutes ago, Aden said:

But thats like nothing new is it? Hasnt there always been much gold.ingame

2 osrs members got hacked for 70b and the hacker dumped the gold

 

3 minutes ago, Darren said:

Gold will continue be on the decline, give it till around September it'll be .50/m

why?

[Burundanga]

inflation, the supply exceeds the demand making the gold less valuable.

the prices will go up when and if Jagex implements more gold sinks to make the demand for gold exceed the supply

Edited May 19, 2018 by Burundanga

[Aden]

I see

[Batman The Dark]

gold might go up because of raids 2, but not by much.