Wednesday, September 27, 2006 ;
8:30 PM
There are now 2 interested buyers but the buyer that caught my attention was this who offer me a behind-the-scenes buyout at $350. My buyout is $599 though. But that aside, I can't believe someone wanna buy at $350 when other auctions are going for $200 more or less. So I thought it must be one of the main drawpoints of what i can offer. The easiest most quantifiable would be the virtual money 1500g.
I went to this website, www.brogames.com. It offers services to anyone who wanna buy gold through them using real money. So I looked at their prices..... OMG! 1500g is selling for US290 which is AUS385.70! That means he want to earn money through arbitrage! Looking from another view, I'm underpricing my auction! (I think ;p)
Excited at the insanely high prices (RO Malaysia: 1 million is only RM1 and it's freaking hard to get that amount), I looked at the price of 100g, what I can get in a day. US 25.78 = AUS 34.29. Cost: AUS 1.40. Profit = AUS 32.89 a day! Let's say I take total one day in a week, AUS 131.56! That already cover more than what I buy for snacks in a month thrice over! Woohoo! I see money streaming in $.$
Now gotta test the market availability in eBay. Kekekeke
Source:
http://www.brogame.com/Khaz'goroth-US-Alliance-gold-p-1226.html
http://www.x-rates.com/d/AUD/table.html
light my way ♥