is the MMO gold Worth real Money??

is it something you can pay for but you can generate though playing longer though the game much like Zynga games. 

And that there is some type of cheat to get more which is sold onto people below Blizzards rates for money then is used to fund terriorists in the middle east. Can someone clarify this?

it is as long as people pay real money for it.

http://www.google.com/search?q=buy wow gold&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

They may not realise they are. I am sure they use china for the "slave" labor like every one else.

oh I know, but I guess those sites, but not pokerstars.net and several others?, broke laws? Which truly I thought most of those poker sites held their servers in other countries making them void for having the US seize them. Broken laws were illegal online gambling and money laundering. I highly disagree as the internet should not be controlled by the government, but its the USA flexing its muscles again with taking websites they do not like adding to the list.

so you mean I should have sold my gold instead of sending it to a friend when I dropped my wow account?

(anywho, the comment at the end of the op is completely false, it's not due to alternate currencies that this is seen as terrorism, but because the resale of MMO gold is an easy to set up lucrative business that happens to be likely used by terrorists for funding.

No it isn't like the Zynga games.  Gold is just the normal currency in wow.  Used for the Auction House, buying supplies, mounts, repairing your armor, etc.  Some things cost huge amounts of gold.  If you wanted to buy every single mount in the game you would probably be spending over 100k gold.  Much more than your average player is going to have.

Blizzard doesn't sell gold.  Their main effect on the economy is putting in large fixed costs to drain gold out of the economy.  This helps to keep inflation down, and make normal goods on the auction house affordable to your average player.

There is no cheat to get gold.  However many of these gold sellers will use keyloggers to take over a player's account and steal all of their items and gold.  Often times they will then use these stolen characters to then mine/herb/skin/etc to get more goods to sell.

Blizzard's motivation to stop them is two folded.  First of all, customers getting their accounts stolen isn't good for business (unless you want to count the authenticator they sell).  This is why they disabled links on their forums, remind players that Blizzard will never ask for your password, and sell the aforementioned authenticators.  Second of all, some players buying gold can hurt the game for others.  Many of the casual players might not spend enough time playing to afford the inflated prices on the auction house.

Yes currency in MMOs is worth real money (everything is really, you are paying for the time saved essentially).  It is just a value proposition.  Is it worth it to spend $10 to get the amount of gold you would earn in 5 hours of play (note I am not sure of the price of gold).  Eve is a game where you actually can buy currency in a way.  They allow you to purchase game time, and sell it from within the game.  Thus you are exchanging real money for a virtual good that you can sell for virtual money.  It is also interesting in that you can theoretically keep playing without paying real money if you have enough virtual money.

As for the terrorist accusation, I have no clue.

erm.........what????? 

do you accept farmed gold?

Sure. Farmed gold is a natural part of the world economy. You buy gold, then use that gold to buy my hats. It's going to completely shatter the world economy, but hey, if the government doesn't like it, they should do something about it.

I'm not really concerned because I already graduated college.