Have you noticed the increasing number of commercials on TV and Radio, urging people to buy gold? On Tuesday this week, the Federal Government announced that the Federal debt hit $16 trillion, and is still rising at a meteoric pace. Why does it matter? Ultimately, excessive debt results in bankruptcy—for either a family or a nation. And when it even looks like this might happen, a country’s money loses its value, making things cost more, i.e., a price of a loaf of bread increases from $2 to $5. High inflation brought on by excessive debt was one of the reasons for the fall of the Roman Empire.
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!