Im 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 questioners 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 dont you think?
But gold may rise in value and your money might devalue isnt 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...
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