Gold is the ultimate source for wealth creation. The fact that it has an absolute value, and can be sold on demand for spot price, gives it this honor.
Whether you are buying it as a long term investment or for short term profits there are several ways to achieve your ultimate goal of creating wealth with gold.
If you are an investor, holding for the long term is one way. Gold has an excellent track record of increasing in value over the years.
In fact, if you purchased it in 1970 when it was only $35/oz your investment would be worth 40 times more at today's price. Even if you purchased it as recent as 2002 you would have quadrupled your investment and 2005 tripled it.
Another means of creating wealth with gold is profit taking.
Buying when there is a dip in price and reselling when it rises is a way that is used quite frequently by profit takers.