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Gold Investment Versus Alchemy -- Turning Dross Into Gold!
I'm often asked if Gold is a good investment and I invariably
answer that gold may well be a good long term investment for an
investor but I am a wealth creator and the very word "investment"
is simply not part of my wealth creation vocabulary.
This statement usually results in a very perplexed look on my
And so it was with Walter. Walter is a financially struggling
bank employee and came to me to learn about wealth creation. (Yes
I assure you, there are tens of thousands of financially struggling
bank employees out there.)
'Charles, so you are saying that if you had a spare $25,000.00
you would not even consider exchanging it for gold bullion?'
'My dear chap, why would a wealth creator swap one asset (money)
valued at $25,000.00 for another asset (gold) also valued at $25,000.00?
Rather pointless exercise don't you think?'
'But gold may rise in value and your money might devalue -- isn't
gold a hedge against such occurrences?'
'Yet equally, gold could go down in price and the currency strengthen
-- surely what you are contemplating is just a form of gambling,
is it not?'
'On that logic all investment is a form of gambling, as prices
of any share or commodity can go down as well as up. That is why
one needs to weigh the risks.'
'Exactly so -- and that is why I am a wealth creator and not an
investor or speculator. Investors and speculators hope and pray
for some future event to occur, whereas a wealth creator insists
on increasing one's wealth at the point of purchase.'
'But Charles you can't buy gold bullion at wholesale rates --
as you well know the spot price is fixed daily.'
'Who said anything about paying wholesale price for it -- I would
prefer to be an alchemist and turn dross into gold.'
Walter's young moon face went red with frustration. 'Oh come Charles,
please be serious with me and stop toying. I truly want to be
wealthy one day and on a bank teller's salary alone, I can't see
'Oh but I am being serious. Turning dross into gold is a very
enjoyable hobby -- the challenge is not whether one can accomplish
the task -- merely how quickly one can accomplish each stage of
the goal one sets for one's self.'
'An enjoyable hobby! ... But how on earth do you do that?'
'Simply by making the conscious decision to become a wealth creator
-- develop your own part time wealth program and stick to it.
Besides my book The Secrets Of Wealth Creation Revealed, I've
written many free articles that are now all over the web. Study
them and then begin your wealth program ASAP! There are a thousand
and one ways to accomplish the task of turning dross into gold.
It's a matter of first knowing the principles, secondly establishing
an easily managed workable plan - then thirdly, having the fortitude
to stick at it.'
'You mentioned setting "goal stages" could you give me an abbreviated
example of how one goes about the process?'
'Well if your desire is to amass gold then if I were you, I would
have a clean out boot or yard sale of all superfluous items in
my possession (dross) to raise some initial capital. I would take
that small amount of money and taking my time (because time is
virtually immaterial to the success of this endeavor) haunt charity
shops, other peoples yard and boot sales, auctions etc and buy
items that I know I can resell at several times the price I paid.
I would keep a list of the expected realizable value of such items
(wealth total) and keep buying and selling till that list total
becomes about $9,000.00 in value. Now I know to you that may sound
difficult to achieve right now but please understand, if you are
working on 200% minimum mark up, this can be accomplished so quickly.
That is $150.00 in sales becomes $450.00 which becomes $1,350.00
which becomes $4,050.00 which becomes over $12,140.00 and so on.
Now as I said, once that total of goods on hand passes $9,000.00,
stage 2 of my wealth plan would come into effect. That is, I would
then save the proceeds of the next approx $3,000.00 of sales (depending
on current spot price) and purchase a 5 ounce gold bar.
The realizable value of the remainder of stock would still be
a minimum of $6,000.00. My next task would be to quickly increase
this total back up to $9,000.00 and then repeat the gold purchase.
You can continue this process until you feel you have amassed
You will find as you learn and gain experience, wealth creating
will become your second nature. Opportunities will materialize
all around you. Soon you will be running in and buying gold bars
at least twice a month. People will think you have the Midas touch
and you will be able to say 'No it isn't that at all -- It is
all the result of Alchemy and my dear old friend Charles Goodwin!'
Do not worry about the spot price fluctuating. Merely stay detached
and consider that you are simply turning dross into gold and of
course that is exactly what you are doing. If you have any doubts
in your own abilities divide all the figures by 5 and initially
buy an ounce of gold at a time. I can assure you the journey is
both exciting and interesting. You will learn so much upon this
journey and then one day the penny will drop and you will suddenly
realize that the world is now your oyster. You can create as much
wealth as you desire.'
'Charles, forgive me -- but may I ask the obvious question. You
have shown me a fool proof way to amass great wealth, what do
I do about taxation?'
'I am a wealth guru as well as a mystic! Would I leave you floundering
without a tax plan equally as simple and equally as effective?
No of course I wouldn't. But at some stage you will simply have
to beg, borrow or steal a copy of (or dare I say it -- even buy
a copy!) The Secret Of Wealth Creation Revealed and truly -- all
will be revealed!'
About the Author: Charles Goodwin is the author of the highly
rated book "The Secrets Of Wealth Creation Revealed" (available
as a paperback or e-book.) Charles can be contacted at http://www.wealth-creators-club.com
or his Blog "The Esoteric Charles Goodwin" at http://charlesgoodwin.blogspot.com
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