The forums are full of posts about how you can take a 500k Zuni Pox ring and turn it into billions of gold, but is anyone taking those profits on the RMAH (using your battle.net balance) to purchase items off the RMAH and sell for more than the equivalent in gold?

I was reading a post about someone who is doing that instead of purchasing gold, but I am extremely confused about what items have the opposite relationship. It seems that RMAH is always relatively more expensive when doing conversions.

I think the most common way people make profits from bringing something from the RMAH to the GAH is the items that are worth several hundred million gold or multiple billions. Someone could find a really good item, like a perfect trifecta Tals amulet and instead of figuring out how much they should sell it in gold, they figure just to sell it on the RMAH for something like $200 or $250. Some person who knows what those things are worth picks it up and then sells it for 2 billion or even more outside of the auction house.

I know I almost ran into a situation like that with a Zuni Pox, where it was a really good one (high average damage, crit chance and a socket) for $48. I don't think I would have flipped it because I needed a crit Zuni Pox, but if I ever wanted to do so I think I could sell it for more than the 192 million price on it.

Exactly what I was looking for, thank you! The tough part is getting exactly to $250 on a high end item like that. In battle.net balance from sales that is....

Geez, $250 is like what, 800+ million gold? I guess the potential for profit is enormous (as in hundreds of dollars), but the risk is also kinda big. A poor buy could cost you tens, maybe hundreds of millions.

I guess if you made thousands of dollars in Diablo 3 (extremely difficult now, but quite possible, especially with botting, in the game's heyday), then this would be the way to go.

I'm going to experiment with Skorns since you can get some nice ones for about $12 (translates to 40 million at $0.30/mil) and then sell them on the GAH for about 60 mil. After the fee, thats 51 mil ($15.30 or $3.30 profit) for that particular scenario.

Gold is already back to $.26/mil. To do it properly, you have to forecast the value of gold pretty accurately too. What a pain.

Posted by Khan at 01/19/2013 10:13 PM

I'm going to experiment with Skorns since you can get some nice ones for about $12 (translates to 40 million at $0.30/mil) and then sell them on the GAH for about 60 mil. After the fee, thats 51 mil ($15.30 or $3.30 profit) for that particular scenario.

I take it, you don't have to pay sales tax? $12 -> $12.72 in Illinois. 6% loss straight off the top cuts into the flipping profit.

Yup. No tax for me yet.

Posted by Khan at 01/20/2013 09:37 PM

Yup. No tax for me yet.

Damn you @Khan.

Posted by baccarat0809 at 01/24/2013 12:37 PM

Posted by Khan at 01/20/2013 09:37 PM

Yup. No tax for me yet.

Damn you @Khan.

Upvote.

Posted by ecocd at 01/24/2013 02:24 PM

Posted by baccarat0809 at 01/24/2013 12:37 PM

Posted by Khan at 01/20/2013 09:37 PM

Yup. No tax for me yet.

Damn you @Khan.

Upvote.

Even Kirk
gets into it.

Yeah just like the greatest story of all the Diablo Universe.

Guy posted a #1 EF in the world on RMAH for $250. Guy saw this and bought it.
Flipped it and sold it to a German "Millionaire" for 40 billion gold which equals anywhere from $9-12k depending on where you live. (I do believe it was a FLIP and not an actual find, could be mistaken.)

Wow... $10000+ USD on an EF. I guess there are about a million things I could say, but at the end of the day, if you have the means and the desire, then... WHY NOT?

Ultimate risk, ultimate reward (at least in diablo 3 terms). It really begs the question though: if he spent 40 billion JUST ON HIS MH, what does his other gear look like???

What would be really funny is if he put that EF on a character, but the rest of the gear was all cracked/broken white items :DDDD.