With RMAH gold selling live, you can potentially make money buying and selling gold

Finally you can sell your gold on the RMAH. However, it is no secret, that Blizzard have had their fair share of problems getting the RMAH to where it is now. These last few days, they have cracked down on botters and a banwave has hit the botting community. This makes perfect sense, since the more stable a gold price there is in the game, the more gold people are going to be selling and buying.

Because the gold price has a fixed bottom on the RMAH of 25 EUR-/USD-cent per 100k gold, you can buy a million gold for 2.5 USD/EUR. While that is pretty good, the botters can sell it for 1-1.5 USD/EUR per million, so they still have a majority of the gold business in Diablo 3, purely because of price. If people had a choice and the gold price was the same, then the RMAH would get the majority of the gold business because it is a safe, official channel. But right now, the gold selling on the RMAH is dead and gold is not selling on it at 2.5 USD/million. However, you can still make money….if you have the guts.

This is how the price of gold in Diablo 3 is determined

With an official white gold market and an unofficial grey market, you have two independent markets that set the price of gold based on different factors. Because the prices move independently, you open up for arbitrage trading between the markets. In other words, you buy from one market and sell on the other market.

Gold selling is live on the RMAH. However, goldfarmers are still much cheaper and there isn’t any sale on the RMAH as a consequence.

The official white market bases the price on what the community is willing to pay, so demand determines the price and not so much supply. This is doubly so, because there is an artificial bottom on the market with the minimum price of 2.5 USD per million.

The grey market is a bit more complex, since the price is very much dependent on supply and the prices the gold reseller can get from his subcontractors. The gold you buy from goldsellers is not something they have farmed themselves. They get an order, then they look through their supplier network to fill it and then they get the gold from the supplier and give it to you. This also means, that each different gold seller sells at a different price, and there is no easy, reliable way to compare prices of large amounts of gold sellers. You need to do the legwork yourself and get the prices from each individual reseller.

All of the gold farmers bot their gold, due to simple economies of scale. 1 person can take care of 100+ bots, so it is simple economics. However, because Blizzard ban people in huge waves and lock accounts without warning, the gold farmers could risk having thousands of millions locked in accounts and this drives the price up. This happens instantly, so the gold price can fluctuate wildly from day to day. But the bots are getting more and more sophisticated, so Blizzard can’t get all of them. So while the gold price may go up for short periods of time, soon new bots will have been leveled up and the will start injecting gold in to the economy.

Goldfarmers in Diablo 3 use bots to farm their gold, since botting for gold is so much cheaper than having people do it.

You can actually use this to make real money
Because these two markets move independently, you can usually buy on one market and sell on the other. On the white market you can sell at a cost of 15%-30%, while you can sell on the grey market at a cost of around 50%. So you are better off selling on the white market, despite getting hit twice with a fee of 15% if you want to cash out and not just move the money to your Battle.net wallet. This is not a problem, since you can usually also buy cheaper on the grey market than on the white market. And this is where the arbitrage trading enters.

The goldfarmers have very cheap gold and this is where you can profit!

When, and if, people start buying gold on the RMAH, it will happen at a minimum price of 2.5 USD/million, unless Blizzard start floating the price instead and remove the bottom price. That is not going to happen, because Blizzard want to get rid of the gold farmers, not encourage them to sell even more gold. If they floated the gold price, the goldfarmers would start selling on the RMAH and the economy would be even more wrecked. They might lower the bottom price, but I doubt it.

Once Blizzard have gotten the botting-problem under control, the goldprice should stabilize and people will start using the RMAH to buy gold. When that happens, you should start paying attention to the gold prices in the grey market. If you can buy 10 million gold for 16 USD/EUR, resell it for 25 USD/EUR, pay one/two times 15% to get 18.06 USD/EUR in your Paypal account or 21.25 in your battle.net account, you have an “arbitrage” opportunity. Making 15-30% on your investment in 5 minutes with the ability to scale it up, is not an opportunity to be missed.

However, there are risks, but they are minimal. The biggest risk is getting your account flagged because of the huge amounts of gold moving through it. Blizzard can’t prove you have bought the gold, since all those people giving you gold, could be your friends and it could be gifts. But this is Blizzard’s game and they can do what they want with it, so there is always the risk of getting account locked if it gets too extreme. But I believe it could be very possible to flip a few hundred million a month, and if you make a 1 dollar or two per million, that is an extra 100-200 dollars for funmoney every month.

TLDR – how to make money reselling gold in Diablo III

To recap what I have just said about making gold by buying from the grey market and selling it on the white market:

• Compare the price of gold on the black/grey market to the white market.
• Is the price on the black market at least 15% (proceeds to Battle.net account) or 28.75% (proceeds go to Paypal) lower than on the white market?
• If yes, then buy gold on the black market and sell it on the white market.
• Do this at a moderate pace throughout the week to avoid raising flags on your account. If Blizzard scan accounts, goldsale velocity and gold moving through accounts will be on of the flagging factors.

So there you have it! My guide to making real money off of the black market. It’s pretty elementary, it takes some legwork, but the money can be real and great. Don’t forget to swing by the Diablo 3 farming FB group and meet everyone if you haven’t.

Now get farming that data, ya lazy bum!

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