3 ms·
What was the scheme? Buy coal certs at 800 per and sell at 1k?
by alexchantavy 4y ago
What was the scheme? Buy coal certs at 800 per and sell at 1k?
- ALittleLight 4y agoI've forgotten the exact prices at this point (I want to say buying mid-20's per and selling mid-30's but that may be complete misremembering). The basic idea was hanging out in the dwarf mines where people are mining coal and giving low offers on coal, with a promise to increase price if they can sell in quantity (and in certs). Then, just turn around and sell the certs, once you had a lot of them, at a higher price in Varrock town square (or similar). One other reason we thought this wouldn't work is that it seemed to us buying in large quantity should get a discount - bulk discount, right? But that wasn't the case. It was cheaper, per unit, to buy hundreds of coal than tens of thousands.