Gold flipping - a career?

Discussion in 'Market Discussion' started by Kindle, Jan 3, 2012.

Gold flipping - a career?
  1. Unread #1 - Jan 3, 2012 at 6:54 PM
  2. Kindle
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    Gold flipping - a career?

    These major sellers are guys that are buying and selling a minnimun of 2B daily woth a minnimum profit of 10c/M . Thats a pretty comfortable salary. Do they do this for a living or is it just a very well paid side job?
     
  3. Unread #2 - Jan 3, 2012 at 7:21 PM
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    Gold flipping - a career?

    Well lets say they average buy at 0.65 which probably lower.. much lower.. and sell at 0.8..lets see..$200 profit..yeah.. not bad for 1b at 15c/profit
     
  5. Unread #3 - Jan 3, 2012 at 7:45 PM
  6. amlyle0099
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    Gold flipping - a career?

    Most sellers are in college and do use this as a career.

    Even if you were to buy 20b+ daily (Viou) and sell for .05 more, you would make a profit of $1000.00 Daily

    $1000 x 365 = $365,000 a year, for sitting at a computer :p
     
  7. Unread #4 - Jan 3, 2012 at 7:46 PM
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    Gold flipping - a career?

    yer i agree with amlyle, you could make it your carrer and it would probably be worth it but you need alot of starting investment to make it big
     
  9. Unread #5 - Jan 3, 2012 at 8:29 PM
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    Gold flipping - a career?

    It would make a very lucrative career...although don't count on stability anyday.
     
  11. Unread #6 - Jan 3, 2012 at 9:34 PM
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    Gold flipping - a career?

    what if u get scammed/chargedback though like what happened to me..

    :'(
     
  13. Unread #7 - Jan 3, 2012 at 9:37 PM
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    Gold flipping - a career?

    been thinking about trying this
     
  15. Unread #8 - Jan 3, 2012 at 10:15 PM
  16. amlyle0099
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    Gold flipping - a career?

    Most legitimate gold sellers know how to sell gold without being chargebacked.
     
  17. Unread #9 - Jan 3, 2012 at 10:18 PM
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    Gold flipping - a career?

    It pays for my housing at about 14k/year and I still have plenty of cash leftover to spend on books and on fun stuff for myself.
     
  19. Unread #10 - Jan 3, 2012 at 11:17 PM
  20. Viou
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    Gold flipping - a career?

    Runescape is in a decline, simply google "runescape.com alexa" to confirm. It cannot possibly be considered a career because the long term stability mandated in the definition of a career does not exist.

    Regardless, the market is increasingly saturated and profits are increasingly minimal. One of those things where if you aren't on the boat, you've missed it.
     
  21. Unread #11 - Jan 5, 2012 at 12:29 AM
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    Gold flipping - a career?

    I get asked daily on tips on how to buy and sell gold, and when it comes down to it, the margins on gold get worse and worse and more and more people try to start up shops. The known/large traders of today are simply too far ahead of anyone wishing to start up now.

    However, there are plenty of ways to make money on runescape, and in no way should you disregard runescape as a possible source of income while it still exists. I made around $1000 in a month (I believe may-june of last year) of pking in high risk, for example.
     
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