People hedging bets on commodiities in the auction house is a fair and reasonable way to go about making gold in game. Call it a WoW Day Trader for all practical purposes.

When I started out in the game, for every gold I made farming commodities, I probably made another gold in AH. However as the game progressed I found myself enjoying other aspects of the game that made me money and I decided to part ways with playing AH as a form of revenue.

I remember playing the market and buying out of a certain ore that was priced at 2G and relisting at 4G and making 20G at the turn of a dime. I also remember buying out all the stacks of the same ore for the same amount a week later only to find someone undercut me and I was forced to play the game of delisting and relisting or even in situations where I just said I'm going to have to sit on this stuff until the right opportunity comes along. That is a lot of work, that is a lot time spent tracking markets. This emphasize that playing AH day trader can be lucrative but it can also leave you in a bad position. It sounds very familiar, oh wait that's just like the stock market....

Market & Economies work in the real world and they should continue to work here unabated.

Java

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