When inflation causes stocks, real estate, bank savings to be worth less, people buy gold—because gold will always have value. Gold has been the standard for currency since the beginning of time. The Bible affirms the gold standard—the heavenly Jerusalem is made of ‘pure gold’ (Rev. 21:18).
But the Bible often uses gold as a metaphor for that which has no lasting value. James says in the last days, gold and silver will be worthless (James 5:3). Peter says our faith is far more precious than mere gold (1 Pet 1:7). Jesus tells the wealthy Laodiceans to buy gold from Him. His gold is a metaphor for faith which needs to be purified by fire, just like gold (Rev. 3:18). Inflation or not, it is always time to buy this type of gold and grow rich in faith!