1. 16:57 17th Jun 2012

    Notes: 5

    en ezeket egyszeruen nem hiszem el:

    First selling most of my items for gold them selling the gold for seed money ( this step is optional).

    Use money to buy items on the rmah (some items that are close to $250 due to the price ceiling are artificially cheap - this is nothing new look at rent control in NYC as a perfect example of real life price ceiling phenomenon). Since you are an rmah “buyer” you incurr zero fees.

    Selling the item for gold. Because there is no price ceiling for gold you will sell for a higher relational price when compared to the usd$/gold spot price.

    Sell the gold for $.

    You should now have more usd$ than what you put in. This is the only arbitrage/short that works because if you try to go around the triangle the other way you will incurr fees. Sell on the rmah and there’s a fee. Buyers don’t have fees. 

    I am buying gold because I sold a lot of my in game items for seed money (and if you check my previous thread I mentioned I don’t keep gold on hand due to inflation, I keep it in page 1-4 quality items as determined by the ah.

    The net result of this wall of text is actually quite amazing. It is possible to execute on the holy grail of d3 trading: the ability to synthetically short gold. Everyone knows it can only go down in value (asymptotally - at a decreasing rate).

    However there is a potential price floor for gold. And until I think that floor is reached or until this trade becomes unprofitable I will only explain the strategy in broad stroke rather than tell you ” go long resist vita primary stat shoulders” in rmah.

    t’s already fast diminishing and once they allow gold sales officially this strategy will die.

    $1700 the first 24 hrs. Less than $400 thereafter…

    But I don’t really need more irl money so all these”proceeds” go back into my character .

    dat energy amit egyesek kepesek beleölni fasságba

     
    1. megazork posted this