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Is Gold A Bad Investment As Dave Ramsey Says?
publication date: Jul 9, 2011
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author/source: Chris Prang
My article below was prompted by my wife reporting to me that she heard Dave Ramsey say on the radio that you shouldn't buy gold and that gold was a bad investment. And by this article and broadcast on FTM Daily.
Dave Ramsay over the years has told his FOLLOWERS not to own gold because it is a bad investment. Dave Ramsay is a professing Christian and has millions of "Christians" and churches sucked into his financial beliefs. The challenge is many of his financial beliefs are pagan and not biblical. So why do so many Christians follow him? BECAUSE THEY ARE IGNORANT! Let's set a few things straight... Biblical Wealth: God created wealth is comprised of what I call Loot (gold and silver), Land (that produces a yield in either income, food or both) and Livestock (that produces a yield in either income, food or both). These are things that God Himself has created. They are physical and tangible. They are not paper or computer digits. "Now Abram was very rich in livestock, in silver and in gold." Genesis 13:2 Abram also had lots of land. Biblical Money: God describes in His word what honest, righteous money is. He says that "false weights and measures" are an "abomination" to Him. He says that money or items that are used for exchange, should be just. "You shall do no wrong in judgment, in measurement of weight, or capacity. You shall have just balances, just weights, a just ephah (measure of grain), and a just hin (a liquid measure); I am the LORD your God, who brought you out from the land of Egypt. 'You shall thus observe all My statutes and all My ordinances and do them; I am the LORD." -Leviticus 19:35-37 "You shall have just balances, a just ephah and a just bath. The ephah and the bath (liquid) shall be the same quantity, so that the bath will contain a tenth of a homer (a dry measure) and the ephah a tenth of a homer; their standard shall be according to the homer. The shekel (measure of weight) shall be twenty gerahs (a kernel/berry like weight); twenty shekels, twenty-five shekels, and fifteen shekels shall be your maneh." -Ezekiel 45:10-12 So Biblical Money and Biblical Wealth must be physical and God-created. Man may be able to modify it, but not debase it. Biblical Investment: An investment is a tool that allows you to produce more of the same thing or more of something else. A Biblical Investment is when you turn any God-created wealth into more God-created wealth. Examples:
Other examples would be using Loot to buy a business (or part of a business that is privately owned by a few people) that produces a product and by producing a product you generate a yield above and beyond your investment. Or, using Loot to pay for workers to make your business more productive. With a more productive business, you will generate a greater yield or return on your investment. Worldly, Secular, Pagan Money:
and "invest" into a system that is unrighteous so that we can have more Man-Made, paper, computer generated wealth...wealth that can disappear with the flip of a switch as opposed to God-Created Wealth. God-Made Gold vs. Man Made Cash (paper money): How does God-Made Gold compare to Man-Made paper money when it comes to return on investment? In 1913 the unconstitutional Federal Reserve was founded and that ushered in a permanent (until Congress abolishes it) inflationary monetary system based on "false weights and measures." In 1913, gold was about $20 per ounce. So starting from 1913 until now, here's what happened with $20 in Gold (God-Created) and $20 in cash (man-made). 1913 2011 ROI Cash = $20.00 Cash = .80¢ Cash = -95%+ Gold = $20+/- per ounce Gold = $1500+/- per ounce Gold = 7400% You see with an average inflation rate of just over 3% from 1913-2011, your cash has turned into .80¢ worth of purchasing power, while your gold has become $1,500. That's a big difference. That gives gold an annual return average of about 7.7% (inflation included)...not too bad for the long haul. Ah, but what if I put that $20 in the unrighteous stock market in 1913? Well, you would have done much better than gold...albeit paper money. With an average 9% return, you would have about $5,100. Though this would never happen, just for fun, what if there was no inflation and gold got the same return? Well you would still have $20 in cash, but your gold would now be worth almost $29,000. Gold: Tangible, In Demand, Preserves Wealth, Inflation Hedge, Investment: Gold, contrary to Dave Ramey's opinion has several historical qualities.
There's one thing that is pretty much guaranteed about the future of physical gold and future of paper money. Hundreds of years from now gold will maintain its value (unless Christ has come and I sure hope He does soon). Paper money i.e. phony money will be worthless. Which will you leave to your "children's children"?  Christian Economics, Christian Finances, Christian Money, Christian Wealth, Christian Mortgage, Christian Mortgage Advice, Christian Mortgage Counsel, Christian Mortgage Consulting, Christian Investing, Biblical Economics, Biblical Finances, Biblical Money, Biblical Wealth, Biblical Mortgage, Biblical Mortgage Advice, Biblical Mortgage Counsel, Biblical Mortgage Consulting, Biblical Investing, Creating Wealth, Mortgages For Christians |
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