As the market turns south, investors turn to Gold as a safe haven. Yesterday, gold rose 2.7% to $967 a troy ounce. It made me look to see what the Bible has to say about gold and God led me to James chapter 5.
"Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. Your wealth is rotting away, and your fine clothes are moth-eaten rags. Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment. For listen! Hear the cries of the field workers whom you have cheated of their pay. The wages you held back cry out against you. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies. You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. You have condemned and killed innocent people, who do not resist you."
Since gold is not iron ore it can't actually "rust" so I can only come up with one of two possible meanings behind this passage it is literal or figurative. As far as the literal interpretation I have read that it is possible that a nuclear fall out could cause gold to rust however, I haven't been able to verify this and I don't think we would survive it to see gold rust so I think we may need to look at this passage as figuratively. Silver and Gold has always been synonymous with money and or wealth. It is clear that the passage is warning not to count on the wealth that you have stored away.
As investors we need to not put our trust in our wealth but put our trust in the Lord. As employers we need to make sure we are taking care of our employees because the verse says, "Hear the cries of the field workers whom you have cheated of their pay. " We need to expand and not contract. If you don't take care of your employees during this time, why should God take care of you?
"Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. Your wealth is rotting away, and your fine clothes are moth-eaten rags. Your gold and silver have become worthless. The very wealth you were counting on will eat away your flesh like fire. This treasure you have accumulated will stand as evidence against you on the day of judgment. For listen! Hear the cries of the field workers whom you have cheated of their pay. The wages you held back cry out against you. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies. You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. You have condemned and killed innocent people, who do not resist you."
Since gold is not iron ore it can't actually "rust" so I can only come up with one of two possible meanings behind this passage it is literal or figurative. As far as the literal interpretation I have read that it is possible that a nuclear fall out could cause gold to rust however, I haven't been able to verify this and I don't think we would survive it to see gold rust so I think we may need to look at this passage as figuratively. Silver and Gold has always been synonymous with money and or wealth. It is clear that the passage is warning not to count on the wealth that you have stored away.
As investors we need to not put our trust in our wealth but put our trust in the Lord. As employers we need to make sure we are taking care of our employees because the verse says, "Hear the cries of the field workers whom you have cheated of their pay. " We need to expand and not contract. If you don't take care of your employees during this time, why should God take care of you?
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