Today, I'm 18 years old. Scary.
Well, I began my time in Runescape today by firemaking. It's amazing how enjoyable the skill is, despite there really being no point in doing it. I began the day by passing the 20m xp marker, and eventually passed 21m xp, too. My system of firemaking, despite burning magic logs, is actually making me money.
For those of you who don't know, I make a majority of my money through flipping items in the Grand Exchange. Until free trade was rereleased, I could make pretty good profit margins on items, like 300k per flip of a Bandos Tasset, for example. Since I can buy 10 at a time every four hours, I would buy 10, sell them four hours later, and make a handsome profit. The benefit of this system is that I could essentially do anything else between the time it bought and sold, including log out.
However, with the return of free trade, that system died. I now don't have to wait four hours between buying and selling, but I can't get the insane profit margins I was getting. Today, I'm happy to get 30k profit per flip of an item, even though many of them cost over 20m. This may seem inefficient, but I think I've mastered the system.
By filling all six slots with varying items costing 5-22m, I can use all 750m of my current cash to its maximum potential. Instead of standing around talking or waiting, I decided to grab my tinderbox, fire gloves and ring, and get busy! Today, I bought 4,000 magic logs (costing ~5.4m) and burned them all (my self from 2007 would be cringing just thinking about this.) The funny part is that I began the day at around 754m in cash, and ended at 766m. So...
Total Expenditures: -5,400,000gp
Total Profit: +12,000,000gp
Total Income: 17,400,000gp
This dwarfs my standard days with the old system, where 5-10m was considered a great day.
That led me to think. If I had gained over 17m in one day, then how many items were passing through my hands each day? Well, assuming each item gives a profit of around 22k each (remember, items like saradomin swords I was content on flipping at a mere 9k profit per item), that means around 790 items were bought and sold by me today. Assuming I equally spread this among all six slots (and I know I didn't here; dragon claws were hot for me today, while bandos tassets and dragon platebodies were jerks) that's around 132 dragon claws, bandos tassets, dragon chainbodies, dragon platebodies, dragonfire shields, and saradomin swords.
But wait! Let's go one step further and assume each item has a value of around 12.5m. That means in one day, I single-handedly influenced almost 10 billion gp worth of items. I don't know about you, but to me, that's mind-boggling.
Personal: So, as I mentioned, today was my 18th birthday. I woke up around 9 o'clock, and after a short treasure hunt for my presents, I unwrapped them to find a shirt with the name of my college, a sansa mp3 player, and other goodies. Unfortunately, the upcoming AP exams forced me to buckle down and study a bit today, so I read a few pages in my AP Art History book and completed a practice exam. I haven't graded the whole thing yet, but I think it's on par for a low four (the test deems that "Highly Qualified" in the topic), which I was pleased to see. I also watched a few videos from the Khan Academy about calculus as a refresher. Finally, I responded to all 67 of my birthday wishers on Facebook with a personalized message, which took around an hour and a half. I hope they appreciate it, though.
Good day!
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