The Bible mentions gold considerably. For example, Genesis 2:10-12 says, "A river watering the garden flowed from Eden; from there it was separated into four headwaters. The name of the first is the Pishon; it winds through the entire land of Havilah, where there is gold. (The gold of that land is good; aromatic resin and onyx are also there.)"
When the Bible describes Abram, it claims that he was a wealthy man because he had livestock, silver, and gold.
The Bible does not seem to mention shares.
Is this a good argument for taking all your money out from shares and converting it into gold?
In the long run gold seems to pace inflation. When you buy you lose 20% up front. 50 years ago My Old Man would say, "An ounce of gold buys a god mans' suit." Still does.
If gold is worth more than my cash then why do gold owners want my cash? Because of the 20% premium. Not because of the worth of the gold.
Gold is valuable in it's own right, and is therefore a good hedge against hyper-inflation. Unfortunately other investments are only as good as the underlying asset (a company's profitability, or the ability to fulfil a promise - as in a bond). Paper currencies around the world are being hit hard right now as governments try to 'print their way out' of the current mess. This will eventually devalue currency so much that you will have trouble earning enough to buy basic necessities.
Gold isn't the same kind of investment as shares or bonds. It is a commodity, and it's value is tied to the worth of the metal itself. But gold is a unique metal and has so many uses, and is prized for it's beauty and rarity, that it has always been highly valued. So, it is a good way to store wealth, because it will keep pace with inflation as mentioned above.
In a deflationary recession, as we have now, gold will be a good investment because it isn't subject to destruction, unlike 'fiat' currency (which is what is going on now with debts being written off through loan defaults - effectively destroying the amount of currency in circulation). So, if you have gold you can always get access to cash by selling it because it is always in demand.
So gold is a great way to preserve wealth against hyper-inflation, and to guarantee access to cash in a de-flationary recession.
If you don't want to tie all your money up in gold, you can also buy silver, which is also a good commodity that retains value, although not quite as well as gold because it isn't as rare, and can be subject to greater fluctuations in value.
God created gold, he didn't create paper money, or the stock market. It has symbolic significance in the bible as a sign of purity, wealth and authority. It is a sign of godliness itself (see Revelation). Gold has been used as money since the beginning of history, and is still the best form of portable wealth available.
However, Jesus warned us not to place our faith in gold and silver, because it is still a material substance, and cannot be relied on as God alone can. Our best investment is in our relationship with God himself!
If you want another good investment - buy imperishable, highly nutritious foods. Having a good supply of long shelf-life food available will be one of the best investments around in a few years. (Yes, I believe things will get that bad!)
__________________
Psa 2:1 Why do the nations plot, and why do their people make useless plans?
Mat 16:6
And Jesus said to them, Take heed, and beware the leaven (lies) of the Pharisees (law makers) and of the Sadducees (ruling classes).
Gold is a poor investment. It doesn't keep pace with inflation, and is only useful for a defensive investment strategy.
You have just outlined why gold is such a good investment at the moment. It is the best defensive investment around during a deflationary recession. It also preserves purchasing power during hyper-inflation - which is just around the corner.
__________________
Psa 2:1 Why do the nations plot, and why do their people make useless plans?
Mat 16:6
And Jesus said to them, Take heed, and beware the leaven (lies) of the Pharisees (law makers) and of the Sadducees (ruling classes).
Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. Matthew 16:19,20
You have just outlined why gold is such a good investment at the moment. It is the best defensive investment around during a deflationary recession. It also preserves purchasing power during hyper-inflation - which is just around the corner.
Securities match inflation AND get you at least 8% in the long run.
If deflation is actually occurring then CASH is a good investment, since deflation will make it worth more in the future.
Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. Matthew 16:19,20
The words of a future 80 year old Walmart greeter.
>it is the best defensive investment around during a deflationary recession. It also preserves purchasing power during hyper-inflation - which is just around the corner.
Please explain how it can be both? And why all the sheister gold salesmen would rather have my money than their gold?
Linear Mode
