Gold flipping - a career?

[Kindle]

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?

 

[Zorp]

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?

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

 

[amlyle0099]

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

 

[stui]

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

 

[Naathan]

It would make a very lucrative career...although don't count on stability anyday.

 

[Democrat]

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

:'(

 

[i b1 t0 u i]

been thinking about trying this

 

[amlyle0099]

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

Most legitimate gold sellers know how to sell gold without being chargebacked.

 

[Pockets]

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.

 

[Viou]

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

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.

 

[Arcus Isidar]

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.