I buy iron ore from vendors, transmute it to gold ore.
Smelt it.
Make 'gold necklaces' and 'gold rings'.
I then sell some, the rest I enchant. (for extra value and enchanting practise)
I also make a batch of potions from the ingredients I've collected on each trip, I keep most of them, but sell the ones useless to me.
Trust me, this earns you LOTS of gold.
I don't grind it, because it takes the fun away, it's like a routine everytime I rest up at a city


