China Bans Gold - The UpStream

China Bans Gold

posted Monday Jun 29, 2009 by Scott Ertz

China Bans Gold

Now that I have your attention, we have it on good authority that China has passed a new law preventing people from trading virtual goods or services for real-world goods or services. I guess that means I can no longer respond to "special" CraigsList ads with offers of WoW gold. I mean, I guess I can no longer buy WoW gold from the Chinese gold farmers.

Just for reference, since we love numbers here at PLuGHiTz Live!, G4TV reports "gold farming generates somewhere between $200 million and $1 billion a year, and around 85 percent of gold farmers can be found in China." Obviously this practice isn't going anywhere any time soon, but it sure looks like we might have a new late-night infomercial "at home business" idea!

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