Throughout history it's been proven that gold preserves wealth, but the argument has always been, does it produce wealth? The answer depends on who you ask and how much knowledge they have about buying gold.
If you bought gold over the past few years when the price was low, you could surely say it is a wealth producer based on today's prices.
  But suppose the price of gold drops to its lowest 10 year value which was $252/oz in 1999?  Then it can not be considered a wealth producer, can it? The is only one way to be certain that gold, as well as anything else, will produce wealth, meaning it will always be worth more in the future than the day you purchased it.
  That way is to obtain it for nothing.
What I'm about to reveal to you is a way to obtain gold for nothing, yes, I mean for free.
Do you know that last year there was over 1000 metric tonnes (tons) of gold recycled?  With the price of gold at an all time high that figure is expected to greatly increase this year.
Do you also know that there are millions of people who possess thousands of tons of gold that they are looking to sell but have idea where or how to sell it? If you ask 10 people where they would take their scrap gold to sell, or recycle, you would most likely find that less than half would have an answer.
  The ones that do have an answer will usually say a pawn shop.
The reason is, pawn shops are primarily the only places that people associate with "selling their gold.
"  There are other places that buy, such as coin shops, but they are not as popular as pawn shops.
Pawn shops pay a very small percentage of value when the buy.
  This is the underlying reason why you and I can own gold for nothing.
It works like this: Because pawn shops buy gold well below value, about 20% to 40% of value to be exact, you and I can do the same.
If we buy at 50% or lower, then sell it for 100%, we just made a 100% profit.
  We then take our payment as half in cash and half in bullion bars or coins.
The cash we receive covers our entire original investment.
  Which means we just received our Investment Gold in the form of bullion bars and coins with not one cent invested.
For every town ounces you buy, you end up with one ounce of gold for free.
Now back to the original question, "Does gold produce wealth?"  Of course it does, if you know how to buy it!