Gaming & Making Money

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My husbands co-worker was telling him about he is into World of Warcraft and has a "team." One of his team mates was telling him that he just bought 5,000 gold from someone for $200! That's crazy isn't it. He said people play WoW to sell their gold and make money, is this for real. How does that all work actually? Could it be an actual part-time job for me. Anyone actually bought or sold Gold for WoW? Any sites you recommend that make it easy for this?