Should I Invest in Gold?

As manly men, it is our duty to defend women and children.  This not only includes fighting for them, but also doing our best to provide for them financially by the grace of God.  In addition, we should do our best to protect them from all worry, including financial worry.

As our economy is suffering, everyone wants to find some way to be financially safe during this “economic decline”, the politically correct term for a recession.  In this quest for financial security many have enlisted the help of gold.  Is that a good choice?  Will gold bring financial security?  Unfortunately, there is no simple answer.  The correct answer depends on your financial situation and that is known only by you.  Therefore, rather than giving you a generic and, quite possibly, wrong answer, I will give you reasons backing up the two opposing views.  You can then apply these general principles to your personal situation and decide what is best for you.

Reasons to invest in gold

• Historically, gold has kept its value. Even when a national currency has lost it’s value, gold has preserved it’s value. Our dollar is weakening due to bad economic policies.  Because of our national debt, the dollar could suddenly lose much of it’s value if that debt is recalled. 
• Worldwide gold production is not matching consumption. The price will go up with demand.  This is simple economics.  In a free market economy, when the demand of a certain item goes up and the supply stays the same, the price of that item will go up.
• Some news sources are suggesting that gold prices are being manipulated.  Gold is being sold in markets such as ebay for a price much higher than the official spot price of gold.  Some say that this shows manipulation of the official gold price.

Reasons to not invest in gold

• Gold does not pay income or interest. Gold is basically an insurance policy.  If the economy does go well, you will not make any money.  If it goes badly, you still will not make any money; you simply will not lose your hard-earned money through inflation.  Because of this you definately should not invest all of your money in gold.  The key to safe investments is diversification.
• Central banks have lots of gold which they have occationally threatened to sell.  If they did sell their gold, the price of gold could go down.

Now it is time for you to decide what to do.  Today is the day for action.  With the availability of gold lessening everyday, you must decide now.  In the future it might be too late.

During these difficult economic times, it is important for you to know  where you stand.  If you stand in Christ, you can be comforted by God’s promise in Romans 8:28, “And we know that all things work together for good to them that love God, to them who are the called according to his purpose.”  Glory be to God!