The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?

Opinions By COGwriter (Note: This is not investment advice nor intended to be)

Gold is mentioned positively in the Bible in its first book (Genesis 2:11-12) and its the last (Revelation 21:14-21). Gold and silver have set various price records in 2011, 2012, and 2013, yet the prices dropped substantially in 2013. What should Christians understand about gold? Are paper currencies like the US dollar going to fail? Will gold ever fail? How do people buy, sell, or use gold?

This article will try to cover that and more.

At the COGwriter website, I have has several news articles about gold.

The Plain Truth About Gold and Silver

Here are some items from the old Plain Truth magazine, as well as scriptures and comments, about gold.

Because the USA was starting to not have enough gold to back its dollar, way back in 1961, the Plain Truth reported:

Germany, Japan have the largest surpluses of GOLD and DOLLARS...Rich Uncle {Sam} has the greatest deficit in governmental history and a GREATER DEBT than all the REST OF THE WORLD COMBINED!...

Vast foreign aid programs drain the U.S. Treasury...American spending to supply services and to support our troops in foreign countries and military installations around the world amounts to...dollars flowing out of the frightened U.S. Treasury. All of these factors, combined with heavy taxes, gigantic public and private debt, and no gold backing for our own currency if foreign investors demanded gold for their dollars, adds up to the staggering revelation that the U.S., richest nation in the world, is bordering on bankruptcy! (Hill DJ. What the US Gold Crisis Means to You. Plain Truth. February 1961, p. 9).

France did finally cash in dollars and this caused a crisis in the USA. The US answer was to go off the gold standard completely in 1971. About the same time it made a deal with Saudi Arabia to price oil in dollars. So, while this prevented "foreigners" from being able to redeem US dollars for something from the USA treasury, instead it meant that dollars could be used to by oil. As other (mostly smaller) oil producers followed Saudi Arabia's lead, this has served to support the US dollar for several decades.

Back in 1971, the Plain Truth mentioned gold and that a currency coming out of Europe would replace the USA dollar:

FOR 40 YEARS, (1931 to 1971) the American dollar reigned supreme in world trade and finance. From 1945 to 1958, the dollar was considered better than gold to most developing economies...

On August 15, 1971, President Nixon revealed his new economic plan. One part of the strategy was to cut loose the dollar from gold, in effect letting it "float" in foreign transactions until natural market pressure would decide its best value...

The European Common Currency appears to be the most likely successor to the dollar in this long line of monetary dynasties. Europe is the only continent with sufficient gold backing...

... and What About Gold?

The gold standard is not sacred. It is only about 100 years old in the history of man, a product of evolution as much as any social institution. But in a world of sovereign powers, there must be some standard to finance international trade and domestic currency. Gold has the confidence of more people than any other standard, especially in Europe. (Alexander G. America faces "The Dollar Crisis". Plain Truth magazine, October 1971, pp. 3-4)

Other articles from the old WCG also predicted that the Europeans would end up with their own European currency and that it would be expected to replace the dollar.

It should be noted that the Bible does show that gold will have value into at least the first few couple of years of the Great Tribulation. Here are some end time prophecies from scripture that help show that:

40 "At the time of the end...43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)

14... And the wealth of all the surrounding nations
Shall be gathered together:
Gold, silver, and apparel in great abundance. (Zechariah 14:14)

16...'Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:16)

4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls (Revelation 17:4)

There are no similar statements backing up the future value of paper items, like the US dollar or the British pound (scripture, indirectly, teaches their elimination, for details see Anglo - America in Prophecy & the Lost Tribes of Israel). Daniel 11:24 shows that the leader mentioned in Daniel 11:434 will somehow also be accumulating wealth prior to this time, and that may involve gold accumulation. Perhaps to back up a European supported currency, he also may end up with personal and/or national gold reserves and/or wealth from the Vatican. The Vatican has a vast amount of wealth and is prophesied to be improperly involved with the kings of the earth in the end times per Revelation 17.

1981 Article How Gold, Inflation and Government Impact You Spot on for the 21st Century

Notice that similar to many modern economists, in 1981 a Plain Truth reporter recognized that gold was historically used as money, that paper money ultimately will fail, and that the USA dollar would not stay on top (bolding within any paragraph, as opposed to subheadings, mine):

ON AUGUST 15, 1971, President Nixon dropped a bombshell that rocked the entire world financial system to its foundations. By executive decree, he cut the dollar loose from , gold. He invited foreign banks, governments and private markets to "float" the dollar's value. No longer would the dollar be redeemable in gold by foreign governments as previously nor would gold be tied to its former price of U.S. $35 per ounce.

Look at what has happened since. The price of the precious metal skyrocketed...

Why Gold?

What does uncertainty in the world's financial system portend for the future?...

Gold has been the most sought after form of money for thousands of years. By universally accepted definition, money is anything that serves as a store of value and as a medium of exchange. Historically: gold has fit that description better than anything else. Because it is relatively scarce, virtually indestructible and possesses a wide range of artistic and functional uses, gold became the standard in most economies. It was easily coined, highly portable and universally recognized for its value. Even though the supply of gold is limited, demand for the metal seems to be infinite.

Commodities such as food crops or industrial output can have price swings based on demand, weather, poor economic policies or disasters. · None of these affects the total supply of gold. It maintains its value in relation to other commodities regardless. Thus it has acted as a financial constraint and stabilizing factor . People trust gold because it has been an instrument of monetary discipline and a standard of measure by which to measure other commodities. Gold acts as a check on governments and politicians.

Paper money came into use because it was more convenient to use than gold. However, historically the amount of paper money in circulation was tied to the amount of gold a nation possessed. When people knew that gold backed up their currency, they trusted their money. But even though people may trust gold, they don't necessarily trust their leaders. In the words of George Bernard Shaw: "The most important thing about money is to maintain its stability .... With paper money this stability has to be maintained by the government. With a gold currency, it tends to maintain itself. .. . You have to choose as a voter between trusting the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold."

The goal of every political leader is to remain in power. In a democracy, he must retain his popularity to be reelected. Extravagant social welfare schemes and public works help to perpetuate the government's power, even though the country may not be able to afford the expense. If a political leader can get rid of the gold standard, then there is no restraint on the amount of paper money the government can print. The deficit between collected taxes and government spending can be made up through printing extra money. But the effect of these shortsighted policies soon becomes apparent. More and more paper money chases the available goods and services-the result is inflation . Witness the situation in the · United States today. Since 1971 the dollar has had no relationship to gold. Multibillion dollar deficits in government spending have been covered by printing extra dollars. Because the dollar is not convertible to gold, there is no check on government spending and the citizens suffer from consequent inflation.

Inflation becomes a vicious circle with everyone eventually losing. As Voltaire concluded, "All paper eventually returns to its intrinsic value-zero." In 1871 the British economist David Ricardo noted, "Experience has shown that neither a state nor a bank ever had the unrestricted power of issuing paper money without abusing that power."

The United States, blessed with staggering · wealth, vast natural resources, and phenomenal industrial and agricultural output, is in a serious financial situation. It makes no sense- except for the fact that national leaders were quite prepared to dilute the value of the nation 's money supply. The decision defrauded the citizens by stealing the purchasing power of wages and savings. This sinister aspect of inflation was explained by the British economist John Maynard Keynes in 1919: "By a continuing process of inflation, governments can secretly and unobserved, confiscate an important part of the wealth of their citizens." Mr. Keynes himself advocated this form of government policy.

But as people begin to experience inflation and see their wealth quickly disappearing, they try to protect themselves through investing and speculating in more stable commodities, including gold. Speculation in gold is a symptom, and a warning, of a distorted government-ravished economy. It is a sign of loss of trust and faith by men in their own system and political leaders.

Ideally, the best world monetary system would involve one world government, with one national treasury, one currency and one monetary system. The questions of gold currency exchange and balances (overvalued, undervalued or " floating") would be largely irrelevant.

But such a world government today is out of the question. Who would decide the power structure in such a man-devised world government? Leaders and nations each jealously guard their power and sovereignty. But a supreme world government is prophesied in the pages of your Bible, and in the very near future. Yet this world government will not come about through the efforts of man, but in spite of him. It will have to be established by the Creator God. And be based upon his law of love, the Ten Commandments. More than 2,500 years ago, the prophet Daniel, in captivity in Babylon, interpreted a vision of King Nebuchadnezzar, which outlined the rule of men up until the "last days." "And in the days of these kings shall the God of heaven set up a kingdom which shall never be destroyed, and the kingdom shall not be left to other people, but it shall break in pieces and consume all these kingdoms, and it shall stand for ever" (Daniel 2:44) . This supreme event in world history is as sure as the rising of the sun!

At that time there will be one · supreme world government: "And the Lord shall be king over all the earth: in that day shall there be one Lord, and his name one" (Zechariah 14:9) . No longer wi II people be ruled over by power-hungry mortal and very human political leaders. Nor will the citizens of this divine Kingdom live in grinding poverty as the majority of people do today. "For brass I will bring gold, and for iron I will bring silver, and for stones iron : I will also make thy officers peace, and thine exactors righteousness" (Isaiah 60: 17) . What a change from today's world! True freedom, prosperity for all people, with justice pervading everywhere.

Then-Gold's True Value

In spite of its luster and its important stabilizing role in the world's financial system, gold is just a yellow metal. Its only monetary significance is what man attributes to it. When the Spaniards arrived in the New World, they found the native Indians placed little value in the metal because of its relative abundance. In some of the islands of the South Seas, sharks teeth served just as adequately as the medium of exchange. Gold has no intrinsic value, only what men think it's worth.

At the close of this age, when men will be face to face with the threat of annihilation, gold will become worthless in men's eyes. It will be enough just to be able to survive. The prophet Ezekiel wrote, "They shall cast their silver in the streets, and their gold shall be removed : their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord ... " (Ezekiel 7: 19)- the time when an angry God must step in to save mankind from itself.

God's judgment against the sins of this modern day and age will begin by giving man unrestrained opportunity to use the evil inventions of his mind. Man has always used the weapons he has invented. So we read in Zephaniah 1: 13, 17- ·18: "Therefore their goods shall become a booty, and their houses a desolation: they shall also build houses; but not inhabit them, and they shall plant vineyards, but not drink the wine thereof. And I will bring distress upon men, that they shall walk like blind men, because they have sinned against the Lord: and, their blood shall be poured out as dust, and their flesh as dung. Neither their silver nor their gold shall be able to deliver them in the day of the Lord's wrath: But the whole land shall be devoured by the fire of his jealousy: for he shall make even a speedy riddance of all them that dwell in the land."

Only when gold becomes worthless in human eyes will men realize that "riches profit not in the day of wrath, but righteousness delivers from death" (Proverbs. 11 :4). What God wants is the building of true character-"that the trial of your faith, being more precious than gold that perisheth, though it be tried with fire, might be found unto praise and honour and glory at the appearing of Jesus Christ" (I Peter 1:7).

(Curry J. How Gold, Inflation and Government Impact You. Plain Truth magazine. April 1981, pp. 9-11)

Sadly, governments including the one in the USA (which has the highest total debt of any nation on the planet) and the UK (which has one of the highest per capita debts of any nation on the planet) continue to produce paper currencies without gold or other hard goods to back them up. Ultimately, this will result in massive inflation and devaluation of various currencies. While the world economy has been in a deflationary cycle for a while, the reality is that the USA (at least) has greatly increased debt to try to stave off deflation (and except for the housing market, has succeeded with this objective to a great degree--it also likely helped prevent a more total collapse of the housing market, though that still may happen as interest rates go up).

While inflation ultimately will hit the US dollar to a major degree, when is a major concern. Some economists in the USA are expecting deflation, which MIGHT mean that gold could drop dramatically.

Yet, once interest rates go up, countries like the USA will be in impossible situations and the value of their currencies will likely drop compared to the price of gold. Gold is often purchased because of fears, including governmental ones.

Now it is also true that you cannot eat gold. And although it is used in electronics, its "intrinsic value" is limited to what people decide. This lack of value as a food or truly necessary item makes gold subject to high fluctuations in value. But paper money has little intrinsic value either (you can burn it, which is part of why it has some little value--very little).

God Warns Against Cheapening the Money Supply

In my Bible study during the Spring 2011, I began thinking about the following scriptures:

4 Take away the dross from silver (Proverbs 25:4a).

22 Your silver has become dross, Your wine mixed with water.  (Isaiah 1:22)

25 I will turn My hand against you,
And thoroughly purge away your dross,
And take away all your alloy.  (Isaiah 1:25)

18 "Son of man, the house of Israel has become dross to Me; they are all bronze, tin, iron, and lead, in the midst of a furnace; they have become dross from silver. 19 Therefore thus says the Lord God: 'Because you have all become dross, therefore behold, I will gather you into the midst of Jerusalem. 20 As men gather silver, bronze, iron, lead, and tin into the midst of a furnace, to blow fire on it, to melt it; so I will gather you in My anger and in My fury, and I will leave you there and melt you. 21 Yes, I will gather you and blow on you with the fire of My wrath, and you shall be melted in its midst. 22 As silver is melted in the midst of a furnace, so shall you be melted in its midst; then you shall know that I, the Lord, have poured out My fury on you.'"  (Ezekiel 22:18-22)

7 Therefore purge out the old leaven, that you may be a new lump, since you truly are unleavened. For indeed Christ, our Passover, was sacrificed for us.  8 Therefore let us keep the feast, not with old leaven, nor with the leaven of malice and wickedness, but with the unleavened bread of sincerity and truth. (1 Corinthians 5:7-8)

In the USA, its "silver" became "dross" in 1965.

What is dross?

Dross is a cheaper metal that is normally placed inside a covering of a precious metal like silver.  Governments began to do this thousands of years ago when they had financial problems.  Putting dross into silver cheapens currency.  Dross, like leaven, puffs up and makes something appear different than it is.

It seems obvious, to me at least, that God in addition to telling people to try to be pure, He was specifically warning against cheapening the money supply with dross in the Old Testament and, through the Apostle Paul, our spiritual lives with leaven in the New Testament.

Interestingly, the USA being not satisfied with simply making its silver dross, has taken so many steps the past three years (and essentially this started about the time of its Roe vs. Wade pro-abortion ruling) to make its currency dross, through debt, "quantitative easing", and politically-motivated spending, that it pays no attentions to God's warnings about cheapening the money supply.

Roman and Orthodox Catholic Prophecies About Gold, the Great Monarch, and Antichrist

Eastern Orthodox and Roman Catholic prophecies discuss gold in the end times.

Notice the following Orthodox prophecies:

Saint Andrew Fool-for-Christ (c. 4th century): This king will rule...Happiness will reign in the world as it did in the days of Noah. People will become very rich...The entire world will fear this king...he will pursue all persons of the Jewish religion out of Constantinople...and the people will rejoice like in the time of Noah until the deluge came God will reveal to this king all the gold wherever it happen to lay concealed from view…(Tzima Otto, H. The Great Monarch and WWIII in Orthodox, Roman Catholic, and Scriptural Prophecies. Verenika Press, Rock City (SC), 2000, pp. 113,114).

Emperor Leo the Philosopher (c. early 10th century): You will amass the gold of the nations...And you will be the leader of the surrounding powers...and those that are near will prostate themselves before your feet (Tzima Otto, pp. 76-77).

To Emperor Manuel II (d. 1425): ...upon the command of the the good Emperor they will go and discover treasures of gold and silver and all this will be offered as a gift to the pious ones; later on more and more valuable treasures will be found and the Emperor will do with those treasures likewise (Tzima Otto, p. 102).

Roman Catholics may wish to consider that those last three predictions sound a lot like prophecies from two of their saints about Antichrist (Ephrem is also an Orthodox saint):

Saint Ephrem (died 375): Antichrist will use worldly goods as bait. He will entice many Christians with money and goods to apostatize...The devil will help him find all the hidden treasures of the world, even those at the bottom of the ocean. With those treasures he will attain greater success for the reign of Satan than at any other time in past centuries (Connor, pp.73.74).

Saint Mechtilda (died 1299): Antichrist will, through base and false strategem, and with presents of gold and gems, attain influence over the worldly princes. They will look up to him as their Lord and God (Culleton, The Reign of Antichrist, pp. 133-134).

So does the Great Monarch amass gold with God's help like Orthodox prophecies suggest or does he amass gold with the help of Satan as at least one Catholic saint and certain biblical prophecies (Daniel 11:43; Revelation 18; 9:20) indicate?

The answer should be obvious to all who wish to believe the God of the Bible.  The Bible is clear that those who amass gold at the end time will find it is not the answer (James 5:1-5; Revelation 18:9-17).

Catholics who compromise with the Orthodox will likely be taken in by this lure of wealth. This is something that all (Catholics and Orthodox) need to ponder.

The idea of gold be accumulated to support a European-backed currency while the US dollar tanks is discussed on page 333 of my book 2012 and the Rise of the Secret Sect.  And this appears to be what will happen.

Gold Can Be Part of an Investment Plan, But is Not the Answer for Humanity

While gold (or any currency) can't "save" an individual, gold is simply considered by some a more prudent form of currency, given the current international situations. There is a limited amount of available gold:

August 5, 2010...gold...above-ground stocks, now estimated at around 160,000 tons.

http://www.reuters.com/article/idUSTRE67443N20100805

160,000 tons equates to less than one ounce of gold for every person on earth.

Gold can be viewed as a "universally accepted" form of currency with a limited supply.

The same cannot always be said of paper currency. Just before the current crisis, vendors in South America refused to accept dollars from tourists. Some also view gold simply as portfolio "insurance". The price of gold has 2 elements: the current value of the currency used to purchase it, and the current demand for the gold. Because of problems with paper currencies, like the US dollar:

Gold has become, for all intents, the world’s second reserve currency,” Dennis Gartman, an economist and the editor of the Suffolk, Virginia-based Gartman Letter, said in a Bloomberg Television interview today.

 http://www.bloomberg.com/apps/news?pid=20601082&sid=acerPa4tlqXg&refer=canada

Some authors have stated that the true value of gold over the last several thousand years has remained stable...its the value of paper currency that continues to fluctuate. Some believe that gold can save your life in actuality as well as investment-wise:

"In North America, the idea that a person might have to flee with hard assets is still considered somewhat freakish. But to refugees of real cataclysms, whether the Holocaust or the civil war in Rwanda, owning hard assets to trade or barter is not only sensible, it can save your life. There is a survivalist element to buying gold. Period...I would hate to see the day when you need it." http://www.newsweek.com/id/188138

"5,000 in cash squirreled away in 1913, when the Federal Reserve was created, is now worth only 4.5 cents. That’s right, 4.5 cents. Or, put another way, it would take $110,582.14 of today’s money to buy what $5,000 would have bought in 1913. On the other hand …$5,000 invested in gold in 1913 would be worth $287,500 today!" http://www.marketoracle.co.uk/Article19153.html

Many believe that the Anglo-American nations will inflate their currencies so much, that this will mean that they will have little if any value in the future. And sadly this is correct (see also Anglo - America in Prophecy).

Many advocate gold, silver, and/or other precious metals as a hedge against this. And while I am NOT a "gold bug" as I understand how some define that term, it is true that the Bible shows that gold and silver will have value into at least part of the Great Tribulation. Again, notice:

40... the king of the North...43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt (Daniel 11:40-43).

If gold and silver were of no value then, then they would not be precious (see also Zechariah 14:13-14) to the King of the North. Gold and silver are of value into the time of the final Babylon (Revelation 18:11-16). So, in that respect, the Eastern and Roman Catholic "prophecies" are correct. It may well be that the King of the North will realize that his currency needs more gold-backing as the collapsing of the USA dollar will likely send shockwaves against other paper currencies. Gold will help stabilize whatever currency he is supporting. He even may start amassing gold prior to the invasion of the USA (Daniel 11:39) or the King of the South.

But irrespective of the motives of the King of the North, because of scriptures, Christians should be aware that gold (and certain other precious metals) will be considered value after the start of the Great Tribulation.

However, that does not mean that gold prices cannot drop. They can. And they can greatly drop. and they have. Anyone who thinks that if they invest in gold this will guarantee a short-term profit, and not risk substantial losses, they should not invest in gold.

At a point, during the time called "the Day of the Lord" (which is the last year of the 3 1/2 years that begins with the start of the Great Tribulation, see When Will the Great Tribulation Begin? What is the Day of the Lord?), gold will become worthless:

13 Therefore their goods shall become booty, And their houses a desolation; They shall build houses, but not inhabit them; They shall plant vineyards, but not drink their wine." 14 The great day of the Lord is near; It is near and hastens quickly. The noise of the day of the Lord is bitter;There the mighty men shall cry out. 15 That day is a day of wrath, A day of trouble and distress, A day of devastation and desolation, A day of darkness and gloominess, A day of clouds and thick darkness, 16 A day of trumpet and alarm Against the fortified cities And against the high towers. 17 "I will bring distress upon men, And they shall walk like blind men, Because they have sinned against the Lord; Their blood shall be poured out like dust,And their flesh like refuse." 18 Neither their silver nor their gold Shall be able to deliver them In the day of the Lord's wrath; But the whole land shall be devoured By the fire of His jealousy, For He will make speedy riddance Of all those who dwell in the land. (Zephaniah 1:13-18)

Notice that the Bible specifically teaches that gold, silver, and other riches will not save people from all the end-time problems:

3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days (James 5:3)

4 Riches do not profit in the day of wrath,
But righteousness delivers from death. (Proverbs 11:4)

However, this does not mean that owning some may not help a little bit, but that a relationship with God counts much more. It seems to also include a warning that some will apparently focus on gold and other precious metals and not rely on God or truly give as they should to God (tithes and offerings).

This concept was also confirmed in a sermon by Rod McNair when he stated:

Brethren...It is not wrong to have precious metals at this time. But where do we put our trust? (McNair R. Trumpets and Trust. Sermon, Charlotte, September 29, 2011)

In the mail, I received an unsolicited infomercial booklet written by Dr. Martin Weiss titled American Apocalypse.  Here is some of what it said (bolding mine):

What is the the historic, life-changing, world-changing event that is also about to vaporize massive amounts of wealth and potentially threaten our liberties right here in the United States of America?

It’s the singular moment in time when the last investor willing to loan money to the government calls it quits.

It’s when the government can no longer borrow and simply runs out of money…I’m talking about a sudden, rejection of U.S. debt by the world’s investors

Hunger and homelessness explode…riots…crime skyrockets…cities burn…

I’m under no delusion here.  I know that the vast majority of Americans will fail to heed this warning and fail to get ready for this crisis. (Weiss MD.  American Apocalypse.  Weiss Research, October 2011April 2012, pp. 30, 36, 42)

In the mail, I also received an unsolicited infomercial booklet written by Michael Lombardi titled Critical Warning Number Six.  Here is some of what it said:

Today, 70% of world central banks have adopted the U.S. dollar as their official reserve currency.  As the value of the greenback erodes under a mountain of debt and coming rapid inflation, courtesy of too many dollars in the financial system (thank you, Federal Reserve), foreigners will be dumping dollars and moving away from a system where the greenback is the official reserve currency. (Lombardi M.  Critical Warning Number Six.  Lombardi’s Crisis Profit Alert, 2012, p. 11)

While neither Dr. Weiss nor Michael Lombardi referred to the biblical Book of Habakkuk in their booklets, notice what some scriptures in it state (bolding mine):

6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his — how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you, Because of men’s blood And the violence of the land and the city, And of all who dwell in it.  (Habakkuk 2:6-8)

Now it is true that with all of the inflation of the money supply (essentially funded by debt that will not be paid back) this will partially lead to the destruction of the United States at the appointed time of the end (cf. Habakkuk 2:3,7). And gold relative to currencies like the US dollar, Canadian dollar, and UK pound sterling, will likely go way up in value in the future (though it may have ups and downs until then).

Yet, notice what Job stated about having gold:

24 "If I have made gold my hope, Or said to fine gold, 'You are my confidence'; 25 If I have rejoiced because my wealth was great, And because my hand had gained much...28 This also would be an iniquity deserving of judgment, For I would have denied God who is above (Job 31:24-25,28).

Look at what the Book of Psalms teaches:

65... Lord, according to Your word.
66 Teach me good judgment and knowledge,
For I believe Your commandments.
67 Before I was afflicted I went astray,
But now I keep Your word.
68 You are good, and do good;
Teach me Your statutes.
69 The proud have forged a lie against me,
But I will keep Your precepts with my whole heart.
70 Their heart is as fat as grease,
But I delight in Your law.
71 It is good for me that I have been afflicted,
That I may learn Your statutes.
72 The law of Your mouth is better to me
Than thousands of coins of gold and silver
...
127...I love Your commandments
More than gold, yes, than fine gold! (Psalm 119:65-72,127)

The solution for the world is NOT silver and/or gold. (Though both gold and silver will apparently maintain value for about 3 years after the US dollar becomes totally worthless and can thus having some may be of some benefit--unless the government makes ownership illegal again and then, if it is in its jurisdiction, confiscates it.)

This world needs the return of Jesus Christ and the establishment of His kingdom. Governments of this world have confiscated and made private ownership of certain amounts of gold illegal in the past and may do so in the future. Be wise as serpents and harmless as doves, but beware of men (Matthew 10:16-17).

Even the international banking group HSBC has raised concerns about this happening in the United States:

U.S. asset managers worried Obama could confiscate gold
 
Mineweb - June 10, 2010

LONDON - Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC Bank's Managing Director, Global Metals and Trading (HSBC is one of the world's top precious metals traders and its vaults in the U.S. and Europe hold huge holdings of gold and silver bullion) recounted conversations with some of the U.S.'s top asset managers controlling massive amounts of capital asking if HSBC had the capacity in its vaults to store major gold purchases. 

On being told that the bank's U.S. vaults had sufficient space available he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country's strategy in dealing with the nation's economic problems.

While in Mineweb's view such a move is unlikely, one needs to bear in mind that President Obama is a keen follower of Roosevelt's views and policies and that the very fact that some asset managers controlling huge volumes of money feel that such a move is possible is a significant factor - and one that is perhaps heightened by the huge amounts of money flowing into gold at the moment in both ETFs and bullion. http://www.mineweb.co.za/mineweb/view/mineweb/en/page72068?oid=106063&sn=Detail&pid=102055

So, there are still concerns that something like what happened in 1933 could happen again.

Of course, God's commandments are more valuable than gold:

126 It is time for You to act, O Lord,
For they have regarded Your law as void.
127 Therefore I love Your commandments
More than gold, yes, than fine gold! (Psalms 119:126-127)

Carnal “solutions” in this age simply will not go to the ROOT of the problem. The ROOT is NOT the Federal Reserve, international bankers, corporations, plans for a “one-world order”, etc. Hoping to survive the coming Great Tribulation with guns and weapons also will not work (see also Do Real Christians Participate in Carnal Warfare?).

The ROOT of the problems humans face is SIN and faithlessness that is the result of humankind cutting itself off from God and following the ways of Satan.

And while the solution would be repentance now, since that is unlikely, the ultimate solution is the return of Jesus Christ and the establishment of His kingdom on the earth.  That is the good news.

Notice that the Apostle Peter clearly taught that salvation was more precious than gold:

3 Blessed be the God and Father of our Lord Jesus Christ, who according to His abundant mercy has begotten us again to a living hope through the resurrection of Jesus Christ from the dead, 4 to an inheritance incorruptible and undefiled and that does not fade away, reserved in heaven for you, 5 who are kept by the power of God through faith for salvation ready to be revealed in the last time. 6 In this you greatly rejoice, though now for a little while, if need be, you have been grieved by various trials, 7 that the genuineness of your faith, being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ, 8 whom having not seen you love. Though now you do not see Him, yet believing, you rejoice with joy inexpressible and full of glory, 9 receiving the end of your faith--the salvation of your souls. (1 Peter 1:3-9)

17 And if you call on the Father, who without partiality judges according to each one's work, conduct yourselves throughout the time of your stay here in fear; 18 knowing that you were not redeemed with corruptible things, like silver or gold, from your aimless conduct received by tradition from your fathers, 19 but with the precious blood of Christ, as of a lamb without blemish and without spot (1 Peter 1:17-19).

God's plan of salvation will work, and that, and not metals, is what really should be precious. And unlike precious metals, it will not perish.

As mentioned before (Zephaniah 1:18), the Bible is clear that gold will for a while be less than worthless. Notice:

19 They will throw their silver into the streets, And their gold will be like refuse; Their silver and their gold will not be able to deliver them In the day of the wrath of the Lord; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity. (Ezekiel 7:19).

This is probably because gold cannot be eaten (in times of massive and severe food shortages many people will not be interested in it) and because of the fact that if nuclear weapons are exploded, and people are ill or dying from radiation sickness, that they will not want to have gold near them. Notice the following Q&A:

If exposed to radiation, does gold become radioactive?...

Gold has only one stable isotope, so all natural gold has an atomic weight of about 197 (called Au- 197), and this isotope has a reasonably high neutron activation cross- section. So exploding a nuclear weapon would probably lead to a lot of radioactive gold. However, there is only one isotope of gold that has a half-life of more than a few days (Au-195, 186 days), and it is impossible to produce this isotope by neutron irradiation. So any radioactive gold would lose its induced radioactivity within a month or so. Although a nuclear weapon is not a good way to turn gold radioactive, you should also consider that most gold deposits have only a few ounces of gold for each ton of rock that is mined. So setting off a nuclear weapon in the middle of a gold field could still be disruptive by turning much of the rest of the rock radioactive, making it difficult to mine. Radioactivity levels would probably be dangerous for a few weeks or so, but regulations would restrict access to this area for years or decades. (Andrew Karam, Radiation Safety Officer, Area of science: Physics ID: 1046906605.Ph. If exposed to radiation, does gold become radioactive? Date: Thu Mar 6 10:56:43 2003 http://www.madsci.org/posts/archives/2003-03/1046983737.Ph.r.html viewed 05/20/10)

Thus, while gold is likely have value for a number of years, when times are bad enough and people are dying from and/or are ill from radiation sickness, they may be inclined to throw gold into the streets (something similar seems also to be true about silver).

However, also notice the following:

8 Though Nineveh of old was like a pool of water,
Now they flee away.
'Halt! Halt!" they cry;
But no one turns back.
9 Take spoil of silver!
Take spoil of gold!
There is no end of treasure,
Or wealth of every desirable prize. (Nahum 2:8-9)

This suggests, to me at least, that the Beast power had a lot of gold and silver, and that it will have value well after the Beast power is gone. Also, notice the following:

15 And he who talked with me had a gold reed to measure the city, its gates, and its wall. 16 The city is laid out as a square; its length is as great as its breadth. And he measured the city with the reed: twelve thousand furlongs. Its length, breadth, and height are equal. 17 Then he measured its wall: one hundred and forty-four cubits, according to the measure of a man, that is, of an angel. 18 The construction of its wall was of jasper; and the city was pure gold, like clear glass. 19 The foundations of the wall of the city were adorned with all kinds of precious stones: the first foundation was jasper, the second sapphire, the third chalcedony, the fourth emerald, 20 the fifth sardonyx, the sixth sardius, the seventh chrysolite, the eighth beryl, the ninth topaz, the tenth chrysoprase, the eleventh jacinth, and the twelfth amethyst. 21 The twelve gates were twelve pearls: each individual gate was of one pearl. And the street of the city was pure gold, like transparent glass. (Revelation 21:15-21)

So, apparently God places a permanent value, or perhaps more correctly, use, for gold.

Alan Greenspan's Comments on Gold

The former head of the US Federal Reserve had several comments about gold over several decades that may be of interest.

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold...The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
 
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth.  Gold stands in the way of this insidious process. It stands as a protector of property rights."
 
                   --Alan Greenspan, Chairman of the Federal Reserve of the United States from 1987 to 2006.
                     From article entitled, "Gold and Economic Freedom," written for the July 1966 issue of
                     The Objectivist newsletter.  http://www.321gold.com/fed/greenspan/1966.html
        
"It is little comfort that the dollar is still the least worst of the major fiat currencies. But the inexorable rise in the price of gold indicates a large number of investors are seeking a safe haven beyond fiat currencies."

                              http://online.wsj.com/article/SB10001424052748704198004575310962247772540.html

Greenspan also warns that human nature will lead to a repeat of the events that unfolded around the world one year ago.
He said:
"Crisis will happen again but it will be different. They are all different but they have one fundamental source and that is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that that will continue and they begin to take speculative excesses with the consequences that have dotted the history of the globe, basically since the beginning of the 18th, 19th century or back to the South Sea Bubble...or even before. It's human nature – unless somebody can find a way to change human nature we will have more crises – none of them will look like this because no two crises have anything in common except human nature."
                              World Business News Sept 9, 2009 (regarding BBC 3-part series) -
                              http://www.bbc.co.uk/pressoffice/pressreleases/stories/2009/09_september/09/money.shtml
 
"Just after the collapse of Enron, the energy giant, Mr Greenspan told senators in Washington that he believed America to be living in adecade of infectious greed”.   “It’s not that humans have become any more greedy than in generations past. It is that the avenues to express greed have grown so enormously,” he said." 
 
                              http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4988475.ece

I will not comment on what he did to the money supply while Fed chairman, but simply that he understood that money not backed by something like gold causes currency problems.

Carnal (Technical) Aspects of Gold Investing

Is it proper to do carnal things with money?

According to Jesus, the answer is yes (Luke 19:12-23).

But He also had Peter warn about gold:

6 In this you greatly rejoice, though now for a little while, if need be, you have been grieved by various trials, 7 that the genuineness of your faith, being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ (1 Peter 1:6-7).

Does that mean you should have any?

No, that does not appear to be what Jesus is saying. He is saying that spiritual things are more important. And they are.

Christ himself owned gold, and it is likely that His parents spent it.  "When they had opened their treasures, they presented gifts to Him: gold..." (Matthew 2:11).

Gold and silver are sold in something called troy ounces. This ounce is heavier than a normal ounce. One troy ounce weighs the same as 1.09714 regular ounces.

And for those on the metric system (which is most of the world) a kilo of gold weighs 32.1507 troy ounces. There are 31.1034 grams to one troy ounce.

Now there are several ways to buy gold or silver.

  1. Gold or silver bars. These normally have a stamp from the mint that refined it.
  2. Gold or silver coins.
  3. Jewelry. This is normally not the best way to invest in gold or silver as the price of jewelry normally is several times the value of the metal it contains.
  4. Gold/silver stock. This would be owning shares of stock in a mining or other company that owns or produces gold or silver.
  5. Gold/Silver ETF. This is essentially owning gold/silver on paper and some like this for investment.

Since I am not an investment advisor, I am not going to recommend any of the above specifically in this article. But will make a few points.

Nearly 100% pure gold (normally 99.9% or 99.99%) is considered to be 24 carat gold (not to be confused with carats for gemstones which refer to weight, in gold carats refer to purity--although in modern times, the percentage of purity, like 99.9% is often listed on gold bars).

Gold mined from the ground is normally not pure gold. It is mostly pure, as it tends to be about 22 carats, or 91.67% pure.

Older gold coins tended to be about 90% gold. Some modern gold coins, like the South African Krugerrand are made that way. Pre-1965 U.S. dimes and quarters are about 90% silver, but because the U.S.A. is expected to be destroyed, while these coins may be easy to get, they may not hold their value as much as other silver coins (Mexico, for a different country, also produces silver coins, and many are 99.9% pure.)

Certain modern gold coins, like the Chinese Pandas and the Austrian Philharmonics are 99.9% gold. This means that they weigh less (they weigh only 1 troy ounce per 1 ounce of gold they contain as opposed to about 1.1 or so troy ounces for 90% gold coins). Also, because they are pure, they could be more easily melted for industrial applications than mixed metal coins can be.

If you believe (as the Bible teaches, see Anglo - America in Prophecy & the Lost Tribes of Israel), that the USA, UK, Canada, Australia, and New Zealand are going to be taken over in the Great Tribulation, then you probably would be better off NOT buying gold/silver coins produced by those countries.

The reason?

They may end up selling at significant discounts from their metal value.

While someone could melt them, that is a bit difficult. When there were concerns about certain countries, their gold coins tend to sell at a discount. This happened during the latter apartheid days in South Africa as the Krugerrand sold at at discount from the gold price for a while then. Thus owning gold coins produced by the Anglo-descended nations should be considered somewhat of a risk in the same manner--perhaps even a much greater risk.

Speaking of value, you can click here for the current value of gold and silver. The site is updated every ten minutes or so and is based on Kitco's information. To purchase bullion coins and bars, there are online dealers such as APMEX that supply them.

Invest in Your Spiritual Life, But Consider What to do With "Caesar's" Money

The Bible teaches spiritual lessons related to gold and silver.

To the Laodiceans, Jesus said:

18 I counsel you to buy from Me gold refined in the fire, that you may be rich; and white garments, that you may be clothed, that the shame of your nakedness may not be revealed; and anoint your eyes with eye salve, that you may see. 19 As many as I love, I rebuke and chasten. Therefore be zealous and repent. (Revelation 3:18-19)

In the above, Jesus seems to be saying that just like Christians who buy gold should insure that by the real thing, that individually they need to change and purge out impurities from their lives.

This is also consistent with the Hebrew scriptures which show that God's people benefit from the refining process of the trials of life:

10 For You, O God, have tested us; You have refined us as silver is refined. 11 You brought us into the net; You laid affliction on our backs. 12 You have caused men to ride over our heads; We went through fire and through water; But You brought us out to rich fulfillment. (Psalms 66:10-12)

The Apostles Peter and Paul wrote:

6 In this you greatly rejoice, though now for a little while, if need be, you have been grieved by various trials, 7 that the genuineness of your faith, being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ...(1 Peter 1:6-7)

11 For no other foundation can anyone lay than that which is laid, which is Jesus Christ. 12 Now if anyone builds on this foundation with gold, silver, precious stones, wood, hay, straw, 13 each one's work will become clear; for the Day will declare it, because it will be revealed by fire; and the fire will test each one's work, of what sort it is. 14 If anyone's work which he has built on it endures, he will receive a reward. 15 If anyone's work is burned, he will suffer loss; but he himself will be saved, yet so as through fire. (1 Corinthians 3:11-15)

Thus, there are various analogies about gold for Christians, but being genuine and pure characterwise is more important than the physical metal.

Jesus also said:

21 ..."Render therefore to Caesar the things that are Caesar's, and to God the things that are God's." (Matthew 22:21)

Back in 1961, the Plain Truth reported:

INVEST IN GOD!

Because there will come a time...when the treasures of gold and silver will be cast to the bats and moles, and people will seek TRUE VALUES! (Isa. 2: 20). "They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold SHALL NOT BE ABLE TO DELIVER THEM in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: (you can't eat gold! ) because it (the gold and lust for material things) is the stumblingblock of their iniquity" (Ezek. 7: 19). Then is the time YOU will want to be able to say, "God is my Friend, and He will receive me, because I served Him with my mammon (money) instead of making mammon my god!"

Yes, YOU as an individual can repent of your wrong doing against God, and turn your total resources to serving Him in getting Out this message-the gospel of the Kingdom of God-the good news of the return of Christ to set up His Kingdom! Then your dollars will be wisely invested, and God will grant you FREEDOM IN GOD's COMING KINGDOM! (Hill DJ. What the US Gold Crisis Means to You. Plain Truth. February 1961, p. 11)

Faithful Christians give tithes (see Tithing Questions and Some Answers) and offerings to support the work of God in order to help get Christ's gospel of the kingdom to the world (for more details see Should the Church Still Try to Place its Top Priority on Proclaiming the Gospel?).

Since you cannot eat it, why has gold repeatedly been valued more than USD$1500 per ounce this year? Well, not because people think that gold is necessarily that highly valuable, but because they are aware that paper money has an intrinsic value of zero. Investors are aware that more and more American dollars keep getting produced without a corresponding increase in economic output. This ultimately will mean that unless this changes, and changes significantly, the dollar will drop in real purchasing power. And as I have stated before, this means that it will drop to being worth nothing, except what the cotton "paper" it is made up of is worth as scrap.

Christians are not supposed to be ignorant of world events (Mark 13:33-37). They are to watch (Matthew 24:42; Mark 13:37). And part of what world events are saying is that the US dollar will ultimately be worthless (though it may have significant value for several more years).

Now this does not mean that the price of gold and silver cannot go down significantly--they certainly may, and suddenly. Only that ultimately, since the USA is on a path of inflation that the US dollar will ultimately not be worth anything and for a while, gold will be.

While gold and silver will not save anyone for very long, they are likely to outlast the value of the US dollar as well as the USA itself (cf. Daniel 11:39-43). And while I do not believe that hardly anyone will survive in places like the USA/UK/Canada, etc. because they hope to have a 3 1/2 year supply of gold, I do believe that it is prudent for people who have excess money for speculative investments to consider possibly owning some gold.

Note: I am NOT an investment advisor and do not sell gold or any other related investment. Gold prices are volatile and often drop. I am simply a religious writer with my own prophetic opinions. Please do your own homework before making any investment in anything.

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Thiel B. The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? http://www.cogwriter.com/gold-in-prophecy-christian.htm COGwriter 2010/2011/2012/2014 0203