What would it do for you if you could turn USD 10.00 into USD 466.10? Will you buy me a beer at least to thank me? You would?

First, tell me what is the price of gold right now? Analyst are expecting gold to breach the USD 1,000 per oz mark soon.

So how did I managed to turn USD 10.00 into USD 466.10? All thanks to the rising price of gold really. Well,I’m not about to give you a long story over what is rather simple. First of all, if you had been out and about and not in your cave, you would have remembered my earlier post here about the price of gold. Question is have you capitalised on the price of gold?

Ok, given the fact that not all of us have a few thousands sitting around somewhere to buy into the precious metal now, I’m going to give you an affordable alternative.

10DollarsWonder is basically a cycler. I have been in this program since 26th December 2006 and it has been consistently churning out returns for me on a daily basis.

So what does 10DollarsWonder have to do with the price of gold? Well, one of the payment options to participate and to get paid by this programme is none other than e-gold. E-gold is a payment gateway pretty much like PayPal that is (as the name suggests) based on gold instead of the dollar. To put a long story short, when the price of gold rises, so does the value of your gold balance in your e-gold account.

Typically, you need to find an exchanger to fund your e-gold account. One such exchanger that I have been using for the past 2 years is EntelNova. It’s a Singapore based exchanger but accepts international transactions. You need to register at the forum first.

Alternatively, I strongly recommend GoldEx. GoldEx issues anoymous debit cards which are accepted at your regular ATM machines locally. This will facilitate and make withdrawing of your funds from e-gold fuss free and at anytime you want to.

Once you have your e-gold account funded (usually in less than 24 hours), you can start purchasing positions in 10DollarsWonder and sit back and watch your gold reserves grow.

Each position in 10DollarsWonder cost USD 10.00 of course (again as the name suggests). The easiest way to look at this is the more positions you purchase, the faster and more frequent your positions will cycle. Each cycle on any position pays out USD 0.10. If you decide to share this with your friends and family, every position they purchase you get a USD 1.00 referral bonus.

Turning around into profit depends on how many positions you purchase and if you decide to refer your friends. It shouldn’t take more than 30 days for you to be in profit even if you just sit there on your butt and do nothing else.

The trick question is this. How many positions should you purchase for a start? Some mathematical equation worked out puts the magic number at 12 positions. you can also use your profits earned to re-purchase more positions from your account later. If you are game for it, I’d say pop USD 500.00 (slightly over half an oz of gold) in for the best results but it’s up to you.

This is as close as you will ever get to investing in gold with minimal risk and investments but with the same returns if not higher since there is no trader or brokerage fees involved. To get started, following the steps below.

1. Sign-up for a free E-gold account (e-gold for dummies / e-gold security)
2. Sign-up at 10DollarsWonder
3. Register at EntelNova or GoldEx
4. Fund your e-gold account.
5. Purchase your positions at 10DollarsWonder once your e-gold account has been funded.

Well, that’s it. Plain and simple. If you find an easier and more cost efficient way of profiting from gold, let me know! Else, all the best in making some quick profits on the price of gold!

Tags Price of Gold Part 3,10DollarsWonder,E-gold,PayPal,Price of gold,turn USD 10.00 into USD 466.10,Profiting from gold