What does the bible say about investing in gold

What does the bible say about investing in gold

Protect Your Wealth By Diversifying In Precious Metals! Investing in precious metals through an IRA can be a wise decision if you want to make sure that your money keeps its value over time or if you’re going to hedge against inflation and the possibility of global financial instability.

What Does The Bible Say About Investing In Gold?

During biblical times, gold was primarily used to purchase large items or to store away their wealth in a more compact form. Its dazzling color and shine, as well as its non-rusting, non-deteriorating nature, made gold the material of choice for magnificent personal jewelry and adornment. Gold was seen as a primary indication of physical wealth in both the Old and New Testaments. In some cultures, possessing gold was as valuable as knowledge, understanding, and faith.

For thousands of years, the Holy Bible, especially the Old Testament, has been a guide for humanity. Its deep wisdom has led people to the promised land, warned of grave dangers, and instructed billions on the principles of living fruitfully.

Unfortunately, one can be assaulted by the plagues of modern life by turning on the television, reading a newspaper, or surfing the internet. Amongst them is the growing concern of economic stability as forecasted by every news outlet.

Turning to the good book for added guidance can provide the same type of assistance with other issues of strife and concern. Actually, the Bible offers many excellent insights on how to maintain the fruits of your labor and your hard-earned investments.

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In earlier times, paper money wasn’t around. It would seem ludicrous to those ancient civilizations if we traded pieces of colored paper with pictures on them for goods and services. Precious metals were the God-given currency back then.

People of most eras used silver for daily purchases. You could buy your daily bread or a jug of wine with a bag of silver coins if necessary. Gold has traditionally been valued at about twenty times the value of silver.

Gold was the material of choice in biblical times for making large purchases or storing away wealth in a more compact form because of its brilliant color and luster, as well as its durability. Its scintillating hue and shimmer, as well as its resistance to corrosion or rust, also made it the preferred material for personal jewelry and ornamentation. In the Old Testament and the New Testament, gold was seen as a primary indicator of physical wealth. It was regarded as important as knowledge, wisdom, and faith in certain cultures.

The book of Genesis itself recognizes the value and divine origin of gold.

“And a river went out of Eden to water the garden, and from thence it was parted, and became into four heads. The name of the first is Pishon: it which compasseth the whole land of Havilah, where there is gold; And the gold of that land is good.”Genesis 2:10-12a

According to the records, King David set aside 100,000 talents, equal to 7.5 million pounds of gold and 75 million pounds of silver, to build Solomon’s Temple.

The construction and adornment of Solomon’s Temple in ancient times serve as a striking illustration of gold’s significance. It is estimated that the temple, which was built, contained over 3000 kilograms of gold.

King David is said to have set aside 100,000 talents, equal to 7.5-million pounds of gold and 75 million pounds of silver, to build Solomon’s Temple.

Chronicles 22:14 – Biblical principles

Many items in the Temple of Solomon were made from gold and silver including things like lampstands, dining utensils, ornate bowls, pitchers, basins, and more, were made from gold and silver. An overlay of gold was also used to clad The Cherubs in the Most Holy.

Kings 14:14 – Wisdom in finances

If we use today’s price of gold, which is around $1,200 per ounce, the gold in Solomon’s Temple would ring in at around $144 billion!

This is just one prime example, amongst many that demonstrates how in biblical times gold didn’t just have intrinsic and extrinsic value. It had a relationship to the divine!

Sure, the Bible expresses such warnings.

Modern man has moved away from gold and the precious metals created by God to be used as currency to paper and even digital currencies. Economic imbalances, which led to wars of all kinds in the 20th century, were based on an arcane banking system that distributed or seized wealth.

Proverbs 11:1 – Jewels of gold

“A false balance is abomination to the Lord: but a just weight is his delight.”

Instead of examining the flawed paper and digital systems created by man, we should turn towards nature for inspiration.

The fact that no country uses the gold standard to back its monetary system today is a sad indictment of how far the world has strayed from ancient wisdom. Instead, national banking systems issue fiat money, which is the primary kind of money used for transactions.

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Stock markets worldwide have once again begun to sell off unsecured and speculative assets in massive quantities. We even use strange terms such as the Greed & Fear Index to gauge the health of our economies.

Rather than focusing on man’s imbalanced systems of paper and digital dilemma, we should return to nature in these confusing times.

There are several options available for investing in precious metals such as gold and silver.

A reasonable option for buying physical metal would be to buy physical gold.

The benefit of physical metal ownership is that you can be certain to have it with you in case of a serious crisis. There are also disadvantages, though, such as the need to either pay for storage fees in a safe-deposit box or other secure location or risk having the metal stolen in your home.

There are lots of dealers that sell precious metals if you want to invest in them. The following three companies are ones with which I have an affiliation. You may purchase physical gold and silver from them, and I believe they are reputable businesses that offer competitive prices. Of course, you may choose from a variety of other dealers.

This statement is not simply false since there are at least two economic professionals who would probably endorse this concept, but it is a uniquely, exceedingly small percentage of financial specialists who agree that most individuals should invest 50-100% of their assets in gold in a free market and economy, as well as the fact that only a small percentage of financial experts think that 5-10% of their assets should be invested in gold.

There are far more financial professionals who support the notion that one should put 0% in gold or, at least, 3% than those that say “a minimum of 5-10%,” and “as much as 50-100%” is a notion only found in individuals who sell gold. The dealers above aren’t bad if you want to invest in precious metals, but you should remember that they have an extremely strong interest in their advice.

There are also disadvantages to holding physical metal, such as the need to either pay storage fees in a safe-deposit box or other secure location or risk having it stolen in your home if there is a major crisis.

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