Why do we buy silver and gold

[Bjhere68]

I have always wondered why we buy or are told to buy silver and gold as a protection against the falling dollar.

In Ezekiel 7:19: 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 wrath of the Lord; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity.

Granted...part of that addresses the fact that you can't buy your way into heaven...but part of that also tells me that it will be worthless...you can't even buy food with it.

Also, it seems to be pointing to the trib period...(which at this point I feel is pretty close!) so why buy silver and gold....doesn't seem it will do much for you as we get closer and closer....

Michele Tornetta

[Issachar]

Well, here are a couple scenerios ...

1.) After paying for housing, utilities, insurance, food, gasoline ... cost of living, plus helping a brother or sister that may need it as one may be led of the Lord to do so, one has zero left over and they break even.

2.) Same as #1 but with something left over. What to do with anything left over? Well, one can put that in a savings account at a bank, buy a CD and let it collect a bit of interest, keep cash on hand at home, give more away, etc.

The second scenerio applies to your question. If you save some money out of each pay check, then it is a good thing to save it in the best way possible. The best way possible being the way that is the most safe. The most safe is whatever will make the money lose the least buying power or possibly even increase it's buying power.

Let's say you had $1000 extra at the end of the year 2000. Whatever it would have bought then, you would need about $1450 today to buy the same thing. That is because of the purchasing power that the dollar has lost in the past seven years. Had you bought gold with that $1000, today it would be worth over $3000. That is why folks buy metals. Not only is the metal "money", but it has actual industrial use too and has an intrinsic value. If you had purchased Rhodium in 2000 with that $1000, today it could be sold for about $28,000! These are much better than not only still having the $1000 but needing almost $500 more just to break even.

I have posted in the past that buying metals is a good thing right now as at least a hedge against inflation and in the relative short term, is useful, but I've also posted the same passages as you and pointed out that in the very end, all of that is worthless.

So, how close are we? Obviously only our Lord knows. But until that time, if we have any cash left over after covering everything, we would want to save it in a form that is not losing value.

just my two pence worth ...

Issachar

[jds6958]

I have always wondered why we buy or are told to buy silver and gold as a protection against the falling dollar.

In Ezekiel 7:19: 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 wrath of the Lord; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity.

Granted...part of that addresses the fact that you can't buy your way into heaven...but part of that also tells me that it will be worthless...you can't even buy food with it.

Also, it seems to be pointing to the trib period...(which at this point I feel is pretty close!) so why buy silver and gold....doesn't seem it will do much for you as we get closer and closer....

Michele Tornetta

I have struggled with this until recently. As I have made attempts to wrap my head on how this may all play out, I have developed some initial theories. However, at the end of the day they are just that, theories, and can only come close to being valid if these are end times, which I suspect is upon us, but I leave the door open for everything to just be a strange coincidence.

At some point I expect gold/silver to be near worthless. This could happen for a couple reasons.

One, global leadership makes it illegal to own gold and to be used as a tool for transactional purposes. I believe it is very possible that God intended gold to be the world's money system based on several points in scripture. I am not completely sold on that however, but believe it is very possible. Global leadership will hate gold for that reason, they already do. (CB's an Gov.) Gold is also an obstacle when you are attempting to encourage a world's population to accept your monetary system. I expect all of this to be rather late in the trib. I am 95% confident that the rapture is pre-trib. Because I like to admit that I can be wrong, I have prepared and will prepare as such. Until gold ownership is attacked, which you would see coming from miles away if you are looking for it, gold will increase in purchasing power as all current fiat currencies rush to debasement leading towards the collapse of all that is paper. If these are end times, there is a delicate balance here. Gold is becoming money once again, and someday it may be "forcefully" removed as money. We still have a ways to go yet. When everyone in the world wants gold, it is time to get rid of it and "buy" whatever you can and whatever makes the most sense.

Two, at some point food is going to become very scarce. Some of the reasons of a food shortage would not be that surprising if we sat down a brainstormed, and some of these reasons will be a huge and eye-opening surprise to many. Food will become so scarce that it will be horded and few will share. Another words, it will not be for sale. It will take an extremely disproportionate amount of gold (money) to purchase food. Gold will basically become worthless, and human survival items will become the ultimate value.


There will be those that hoard gold and because they are not scripturally based they will spiritually and physically starve with their gold in their hands. I talk to many traders on a daily basis, and trust me, the ones who expect the worst and do not know God, have this mentality.

Right now gold can offer one thing until there is a social and infrastructure collapse, and that is offer you some economic stability until these other things begin to really fall into place. If these "other things" begin to fall into place then trade your gold/silver in for all that will support you in the collapsing environment.

This is all just my opinion and I am still thinking this through as things unfold and as I review additional information...

[jds6958]

I have struggled with this until recently. As I have made attempts to wrap my head on how this may all play out, I have developed some initial theories. However, at the end of the day they are just that, theories, and can only come close to being valid if these are end times, which I suspect is upon us, but I leave the door open for everything to just be a strange coincidence.

At some point I expect gold/silver to be near worthless. This could happen for a couple reasons.

One, global leadership makes it illegal to own gold and to be used as a tool for transactional purposes. I believe it is very possible that God intended gold to be the world's money system based on several points in scripture. I am not completely sold on that however, but believe it is very possible. Global leadership will hate gold for that reason, they already do. (CB's an Gov.) Gold is also an obstacle when you are attempting to encourage a world's population to accept your monetary system. I expect all of this to be rather late in the trib. I am 95% confident that the rapture is pre-trib. Because I like to admit that I can be wrong, I have prepared and will prepare as such. Until gold ownership is attacked, which you would see coming from miles away if you are looking for it, gold will increase in purchasing power as all current fiat currencies rush to debasement leading towards the collapse of all that is paper. If these are end times, there is a delicate balance here. Gold is becoming money once again, and someday it may be "forcefully" removed as money. We still have a ways to go yet. When everyone in the world wants gold, it is time to get rid of it and "buy" whatever you can and whatever makes the most sense.

Two, at some point food is going to become very scarce. Some of the reasons of a food shortage would not be that surprising if we sat down a brainstormed, and some of these reasons will be a huge and eye-opening surprise to many. Food will become so scarce that it will be horded and few will share. Another words, it will not be for sale. It will take an extremely disproportionate amount of gold (money) to purchase food. Gold will basically become worthless, and human survival items will become the ultimate value.


There will be those that hoard gold and because they are not scripturally based they will spiritually and physically starve with their gold in their hands. I talk to many traders on a daily basis, and trust me, the ones who expect the worst and do not know God, have this mentality.

Right now gold can offer one thing until there is a social and infrastructure collapse, and that is offer you some economic stability until these other things begin to really fall into place. If these "other things" begin to fall into place then trade your gold/silver in for all that will support you in the collapsing environment.

This is all just my opinion and I am still thinking this through as things unfold and as I review additional information...

One more thing as to "why buy gold"

The alternative is holding paper fiat currency. Paper fiat currency will become worthless long before gold does.

[Nova]

The alternative is holding paper fiat currency. Paper fiat currency will become worthless long before gold does.

That is my opinion as well.

In term of planning, I'm at a crossroads. I have some gold & silver coins. But think survival related activities are best. The less dependent I am on outside services the better.

[jds6958]

That is my opinion as well.

In term of planning, I'm at a crossroads. I have some gold & silver coins. But think survival related activities are best. The less dependent I am on outside services the better.

Agreed, focus on survival...dump all "extra" assets into gold

[seekingtruth1]

I agree...I also wonder WHO has all OUR gold reserves.....seems liek teh Central Banks have a lot of it......and n exchange for Fiat we gave up our Gold....sounds like a fair trade?:pound

Isnt there a passage about soem who hoard gold in the last days? I couldnt find it.....I am not refering to people investing in it.....I just think someone has alot of the worlds Gold....I dont get the sense its very decentralized at this point.....


I have struggled with this until recently. As I have made attempts to wrap my head on how this may all play out, I have developed some initial theories. However, at the end of the day they are just that, theories, and can only come close to being valid if these are end times, which I suspect is upon us, but I leave the door open for everything to just be a strange coincidence.

At some point I expect gold/silver to be near worthless. This could happen for a couple reasons.

One, global leadership makes it illegal to own gold and to be used as a tool for transactional purposes. I believe it is very possible that God intended gold to be the world's money system based on several points in scripture. I am not completely sold on that however, but believe it is very possible. Global leadership will hate gold for that reason, they already do. (CB's an Gov.) Gold is also an obstacle when you are attempting to encourage a world's population to accept your monetary system. I expect all of this to be rather late in the trib. I am 95% confident that the rapture is pre-trib. Because I like to admit that I can be wrong, I have prepared and will prepare as such. Until gold ownership is attacked, which you would see coming from miles away if you are looking for it, gold will increase in purchasing power as all current fiat currencies rush to debasement leading towards the collapse of all that is paper. If these are end times, there is a delicate balance here. Gold is becoming money once again, and someday it may be "forcefully" removed as money. We still have a ways to go yet. When everyone in the world wants gold, it is time to get rid of it and "buy" whatever you can and whatever makes the most sense.

Two, at some point food is going to become very scarce. Some of the reasons of a food shortage would not be that surprising if we sat down a brainstormed, and some of these reasons will be a huge and eye-opening surprise to many. Food will become so scarce that it will be horded and few will share. Another words, it will not be for sale. It will take an extremely disproportionate amount of gold (money) to purchase food. Gold will basically become worthless, and human survival items will become the ultimate value.


There will be those that hoard gold and because they are not scripturally based they will spiritually and physically starve with their gold in their hands. I talk to many traders on a daily basis, and trust me, the ones who expect the worst and do not know God, have this mentality.

Right now gold can offer one thing until there is a social and infrastructure collapse, and that is offer you some economic stability until these other things begin to really fall into place. If these "other things" begin to fall into place then trade your gold/silver in for all that will support you in the collapsing environment.

This is all just my opinion and I am still thinking this through as things unfold and as I review additional information...

[logosone]

$900 an ounce for what? Can't eat it, can't wear it, and can't live in it. AND, Who's going to take it and what is it's end value? I'm betting my two cents on Ezekiel!

[FarmBoy]

1. Until the last few hundred years people reading the bible wouldn't understand "money" "currency" or "dollars" but they would understand the words silver and gold. I've heard that passage interpreted as "their gold..." meaning not gold or silver per se but what the people of that day will think of as gold /silver i.e. paper money.

2. When the antichrist takes power he is sent gifts from around the world (can't remember verses) including fine woods, stone etc. I suspect his temple will be adorned with gold.

[Issachar]

logosone, it is true about gold that you cannot eat it or live in it or whatever ... But you cannot eat one, five, ten, twenty ... dollar bills either. Can't live in them either. Unless you are spending every penny you have extra on survival gear, something you can eat or live in or wear, then you are holding dollars in some form or another. The dollar is losing value. Why hold dollars if they are losing value? If you use the dollars you have to buy gold (a short term thing if for no other reason, because of Ezekiel ...), you can at least hold the current value of the dollar for (near) future purchases.

Hopefully that makes some sort of sense.

Issachar