Gold Investment Versus Alchemy - Turning Dross Into Gold!
Thursday, November 02, 2006
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
questioner's face.
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 that happening.'
'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 enough gold.
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
posted by Dennis Cheesman @ 5:20 AM,
