Buying Gold Creates Good, Part II

(Genesis 2:12 "The gold of that land is good--")

Silver Stock Report

by Jason Hommel, November 30th, 2009

My article on Saturday was very well received.
Buying Gold Creates So Much Good

After listing 13 reasons, I asked my readers to see if they could think of more good that gold buying creates, and this new list incorporates those suggestions, as well as attempts to categorize them.  From this expanded list, from 13 to 40 reasons, you can see the wisdom in many advisers.   You can also get the wisdom of many advisers by attending a Gold Show.


Registration starts Tomorrow, Dec 1st, for the Phoenix Silver and Gold Investment Show, Feb 4-5

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1  "What's good for Jesus is good for us."  It is no accident that Jesus was given gold as a birth present.  Also, Haggai 2:8 All silver and gold belong to me, [says the Lord God]

2  When the Lord of Heaven is blessed and glorified with wealth, I don't think it will be paper money:

Revelation 5:12 In a loud voice they sang: 
"Worthy is the Lamb, who was slain, to receive power and wealth and wisdom and strength and honor and glory and praise!"

3  Buying gold highlights, honors, and obeys many of God's teachings.  A key principle is, "You will reap what you sow."

4  Buying gold is being obedient to the command to use "honest weights and measures", as in Leviticus 19:35, Deuteronomy 25:15, Proverbs 20:10.

5  Proverbs 13:22 "If you obey God, you will have something to leave your grandchildren. If you don't obey God, those who live right will get what you leave."


6  Buying gold increases the gold price and thus creates wealth among all gold holders, widely distributing wealth all across the world to many people simultaneously.

7  Buying gold reduces monetary fraud, and fraud is bad.

8  Buying gold increases the gold price and thus makes gold mining more profitable, and thus, increases high paying mining jobs that range from administration, refining, minting, production, mine development, to exploration and much more.

9  Buying gold increases the gold price and thus increases gold mining by-products such as silver, copper, zinc, lead, and many other less well known metals that are needed for modern life.

10  Buying gold does the world good in the sense that it supports an industry geared to producing things people actually need namely sound money and commodities for industry.  Many by-product industries are supported by gold mining, such as heavy machines, engineering, new exploration technologies, tire manufacturing, energy production and road construction.  The actual money produced, when used as money, supports the entire world economy.

11  Buying gold increases freedom among men, specifically by reducing the debt load of people who owe devaluing paper money, which increases humanity's overall productivity, and especially inspires and enhances freedom for yourself. 

12  Buying gold increases wealth among savers and long term planners, which are the best and most productive class of men among humanity.

13  Buying gold saves lives by preventing and limiting wars which can only be funded by paper money.  Nations that enslave one another with tribute are more likely to go to war for freedom.  Nations that deceive one another, or take advantage of one another through paper money are more likely to go to war.

14  Buying gold creates harmony and peace among nations as it provides as an honest medium of exchange between nations, and nations engaged in active trade with each other generally don't war on each other. 

15  Buying gold saves lives by increasing the standard of living of poor miners in many poor nations who can barely afford the basics.

16  Buying gold is more honorable than hoarding food or buying food staples on leverage with futures contracts, which can cause mass starvation by driving up food prices out of the range of the world's poor people, since paper money is worth perhaps hundreds of thousands of times more than the existing food supply.


17  Buying gold reduces oppressive government power, and it does so without any violence.

18  Buying gold preserves capital in your own hands, your own town, your own nation, so that you, and the people to whom you will give it when you spend it, will all be better off after a currency collapse.

19  Buying gold can prevent mass starvation that can result from a complete economic meltdown that may come. The preservation of capital can be used to purchase and preserve farms or food production facilities or distribution networks that may go out of business in an economic collapse.

20  A nation that uses gold as money has price stability, which allows better longer term planning for all kinds of business projects.


21  Buying gold allows a man to provide for his immediate and extended family, and children's children. 

1 Timothy 5:8 If anyone does not provide for his relatives, and especially for his immediate family, he has denied the faith and is worse than an unbeliever.

Proverbs 13:22  If you obey God, you will have something to leave your grandchildren. If you don't obey God, those who live right will get what you leave.

22 Buying gold protects the legacy of a man's life for future generations that might not yet even be born, or be too young to actively manage the investments if they were in another form.  Gold will continue to be valuable for hundreds of years in the future, no matter what happens.


23  Buying gold prevents others from stealing your wealth, and that is a good thing, as it rewards defenders, and thwarts (but does not harm) would-be thieves.

24  Buying gold can lengthen your own life, as it benefits your own personal finances which can enhance the quality of food that you can buy and eat, and it can enhance your notion of personal responsibility for your own health as well as your own finances.

Deuteronomy 25:15  If you weigh and measure things honestly, the LORD your God will let you enjoy a long life in the land he is giving you.

25  Buying gold inspires a person to take greater responsibility for one's own self, ranging from health to self defense.

26  Buying gold gives one an increase in discernment, as one realizes that most mass media is a form of propaganda and lies.

27  Buying gold frees one from the need to pay financial advisors for bad advice.

28  Buying gold reduces the inclination to gamble.  If one wanted to gamble, they could buy futures contracts instead.

29  Buying gold increases a person's sense of esteem and control and safety in a world gone mad with paper money.

30  Buying gold as an investment helps people to understand what money is supposed to be, and why paper money is fraud.

31  Buying gold helps one to learn how to become an honest person.

32  Buying gold helps one to save money, as savings in the form of gold is not as likely to be cashed in for whimsical purchases.

33  Buying gold allows one to be able to be more secure with one's own finances, and thus allows one to more easily give to charities.

34  Buying gold highlights the absurdity of buying a contract for a delayed payment, and thus reveals the fraud of futures contracts, ETFs, debt, and derivatives.

35  Buying gold helps one follow the golden rule, to treat others as you wish to be treated.

36  Buying gold is the opposite of being in debt, when you must always pay your excess money to service debt payments.

37  Buying gold helps you to be content with what you have, rather than lusting after what belongs to others as is accomplished through the use of futures contracts, debt, and leverage.

38  Buying gold helps prevent you from lusting after money, which is the root of all evil, so buying gold must be the root of all good.

39  Buying gold helps your money serve you, rather than you becoming a servant to debt.  Matthew 6:24, "You cannot be the slave of two masters! You will like one more than the other or be more loyal to one than the other. You cannot serve both God and money."

40  Buying gold is interesting.  Gold was used to line the walls of the temple of God.  Today, our bodies are a living temple of God.  Gold is thus given by God, for us, to help us glorify him, through us. 

41  Buying gold is the ultimate manifestation of "delayed gratification" since gold is a pure luxury item, yet you can do nothing with it.  It thus satifies none of the lusts of the flesh, but represents that you have NOT bought anything, since it is savings.  Psychologists have identified that one of the most important character qualities to develop that marks the difference between success and failure in life is the ability to delay gratification.  Delayed gratification requires self control. One of the fruits of the Holy Spirit is self control.  Buying gold is thus the ultimate manifestation of fulfilling the desires of the Holy Spirit.  No wonder God tells us directly to "buy gold refined in the fire", in Rev 3:18.


If buying gold is noble, virtuous and good for so many reasons, then buying silver is perhaps 10 to 60 times as excellent, beneficial and uplifting for mankind. Why? Because of the leverage inherent in silver's smaller market. Silver's smaller market means that the price of silver is more easily moved upwards with every purchase.

Insight of the day:  I've always thought it was a bit of a mystery why gold and silver have so many "eternal" qualities, yet silver values dropped a nominal 90% from 1980 to 2000, from $50/oz. to $5/oz., or an inflation adjusted 95% or more!  How can we explain that in "Biblical" terms if the metals are supposed to have a stable long lasting value?  I've always wondered where all the moral greats were that should have been championing gold during the last 3-4 decades.  Why are the Churches mostly silent, besides being 501c3 incorporated?  I think I just discovered a Biblical example that might be a parallel example.  When the Israelites left Egypt, they were to immediately take the land of Canaan, or Israel.  But they did not.  They sent in 12 spies first.  Ten spies gave a discouraging report, saying it was impossible to take the land of giants.  Two spies said that the land was plentiful, and that with God on their side, they could not lose.  The Israelites believed the bad reports due to a lack of faith in God's promises, and thus, had to wander the desert for 40 years.  Perhaps we are ending a similar time period of wandering in the desert of low gold prices.  Many today have a similar lack of faith in God's economic principles.  Even major religious leaders of the last 40 years do not trust that God's economic model will bring prosperity.  Many today seem to indicate that the Federal Reserve and giant corporations cannot be beaten.  But they are being beaten.  They say, "don't fight the Fed" but the rule should have been, "don't fight the market".  Just buy gold, because they are not doing so, and they will fall, just like the walls of Jericho.  At least our marching orders to buy gold are not as difficult to comprehend as marching around a city for 7 times blowing trumpets! 

I strongly advise you to get real gold and silver, at anywhere near today's prices, while you still can.