Make explosive wealth with gold

Recently, my wife and I liquidated our UOB Gold Saving Accounts (GSA) again. We are consolidating our funds with the aim of purchasing a new Executive Condominium.

Overall, including the profits made on 25 February 2016, we made a total profits of $800 from gold. Not a huge amount of profits but considering the fact that we held the investments for only three weeks, it was quite a good investment in my opinion. But is it possible to make explosive wealth with gold?

Basically there are two main ways to invest in gold. One is to buy physical gold, that is gold bullion which comes in the form of gold bar and coins. In Singapore, you can purchase gold bullion from BullionStar, one of the largest dealers with more than 300 types of precious metals. The most attractive aspect about buying investment-grade bullion in Singapore is that there is no need to pay tax. Thus, foreigners can take advantage of this and make online purchases from BullionStar and then store their gold in BullionStar’s Vault Storage.

However, the thing about buying bullion is that you should not expect to make quick profits out of it. You buy physical gold as a form of wealth preservation and store of value to protect against market crises. Then again, based on the current prices, my current bullion holding has risen by 10% in value. I may consider to liquidate my bullion to consolidate funds for the purchase of my new home but at the moment, I am not in a hurry to sell yet.

Another way to make money from gold is through trading paper gold such as gold stocks or derivatives. It is possible to make explosive wealth from trading in paper gold but you need to learn the ropes. Just like me, fellow blogger, Dave of Smart Passive Cash Flow believes in building wealth with gold. However, he is confident that gold will storm to $2400 level and has positioned himself for the potential upward swing in gold prices. This is a frighteningly level of expectation for gold, at least from my perspective but then again, Dave is a much more experienced trader as compared to me. So I am not in a position to dispute or challenge his investment thesis as I am still learning.

Nevertheless, I like Dave’s philosophy “it is not a matter of whether I am right or wrong. More importantly, am I in the market when it happens“. This statement probably sums up the winning mentality of a disciplined trader who knows how to manage egos and emotions by setting entry and exit levels. Interestingly, in his membership website, www.seehowitrade.com, he revealed his list of top ten gold stocks for 2016. For less than USD50 per month, you can learn how he make huge returns from trading in gold. What can you do with USD50? Basically nothing much, especially in Singapore. Instead of wasting away the money, why don’t you consider investing in your investment knowledge and make much more money?

Watch how the guru strategize and learn from him on how to trade. This blogger has a passion in trading. Some features of his membership website:

1)My Daily Potential Trades
2)My Daily Trend Analysis
3)My Spotting of Big Boy’s Movement – Unique and Powerful!!
4)My Weekly Trend Analysis
5)My Weekly Dow Component Analysis
6)My Recent Trade Summary
7)Strategies to use in different situations
8)Entries, Stop Loss and Targets
9)Exclusive Articles of unique movements
10)Wealth eBooks specially written for VIP Traders

The unique portion of his site is that he combines Technical Analysis (on charts) and the movement of the Big Boys (as seen in the derivatives market) to form powerful trades. I was inspired by Dave and realize the importance of learning and earning. So I encourage readers to subscribe to his membership site as VIP Trader. Remember to quote the discount code: “sgwealthbuilder” to enjoy discounted subscription of USD49 per month.

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Magically yours,

SG Wealth Builder