The phrase "had the golden touch" refers to someone who has the ability to turn everything they touch into gold. It is also known as the Midas touch, which is derived from the Greek myth of King Midas who was able to turn anything he touched into gold. Some synonyms for this expression can be "possessed the gift of alchemy," "had the power to transform things into gold," "was blessed with magical hands," or "had the power to turn everything into wealth." These phrases are often used to describe someone who has achieved tremendous success in their field or business, or someone who has a natural talent for creating a profitable outcome from ordinary things.