Pastor’s Corner Jan 19, 2013

In this post we will discuss money, real money. I get more resistance from saved and lost folks alike about this than anything else. They think I am trying to put something over on them and that they will get burned if they believe me. First, I am not selling anything here, and if you have half a brain you will check this stuff out for yourself. Remember, the KJB is the only infallible source of information on this earth, so weigh every thing I say against a perfect standard, if you doubt the extra information please get on the internet and check it for yourself.
First, lets define what is real money. Exodus 35:5 “Take ye from among you an offering unto the LORD: whosoever is of a willing heart, let him bring it, an offering of the LORD; gold, and silver, and brass,”. Mind you, we are still accepting cash in our offerings but we will not turn up our noses if a little gold and silver makes its way into the offering box. The entire world operates on what is called a fiat money system, where printed paper is used as currency without anything of value backing the currency. We call these, reserve notes here in the U.S. The intrinsic value of this paper currency is zero, it is just paper! What gives it buying power is the confidence of the economy it comes from. Whenever that confidence evaporates there is a mass movement toward the exits. Your government and the Federal Reserve ( a private bank) are creating just such a scenario. At one time we did have some paper money called certificates, which were backed by real gold and silver and you could cash in the paper for the metal. Those certificates and circulated coinage made from precious metals are no longer produced. None of our coins are made of gold or silver, and even the pennies are no longer made of copper. In most cases it cost the government more to produce the present coinage than the value of the metal from which they are made. God recognized three metals primarily for offerings: gold, silver, and brass (which is an alloy of copper and zinc, just as our pennies were before 1982). Check out the charts at coinflation.com

Gold is found 427 times in the Bible, with “golden” found 66 times. Silver is found 321 times and brass is found 126 times. Notice that God recognized a tri-metal system; one metal for each class. The widow’s mites was bronze (copper alloy), the poor man’s metal. Silver, used for a days wage was the common man’s gold, and of course gold, the king of metals for the rich class. Anything with the intrinsic value of zero should never be called money, but currency. Real money throughout millennia has always been at least gold and silver, with only a few exceptions like salt being used as money. The best example for this is a twenty dollar gold piece which back in the 1800’s would buy you a nice suit of clothes, boots, and a cowboy hat. Today that same twenty dollar gold piece is worth ~$1700 which will buy you a nice suit of clothes, dress shoes,and a dandy hat for your head. In other words, that gold piece is inflation proof, and is a hedge against a doomed fiat currency. Another example is the war nickles produced between 1942-1945. These nickels were forty percent silver and their value in silver alone is about $1.80, which will still buy a loaf of bread. Precious metals like gold and silver will weather an economic collapse of fiat money. Just a brief study of the Wiemar Republic after WWI, should convince anyone that once a fiat currency starts to die you do not want to be holding it when it falls. In April 1919 it took 12 German marks to get one U.S. dollar. By December 1923, it took ~4 trillion German marks to get on U.S. dollar. A loaf of bread would cost billions and a pound of hamburger would be a wheelbarrow full of marks. I have in my possession a more recent example of a real one hundred trillion dollar bill; it is from Zimbabwe when their fiat currency crashed. Listen, if you ain’t got nutin’, then you ain’t got nutin’ to lose. If you have worked all your life and God has blessed you then think about what you could lose in a very short period of time. The Lord Jesus told His disciples to take their purse with them. That is, have real money with you. When He sent Peter to pay some taxes the Lord miraculously supplied Peter with a piece of money from the mouth of a fish, and I doubt very much whether it was a wadded up one hundred dollar bill.

If you would like to have some silver on hand and still have real American currency then find a reputable coin dealer who sells pre-1965, ninety percent silver coins. You can buy dimes, quarters, half dollars, and silver dollars, for the price of the silver plus a premium. Silver dollars carry a much higher premium due to their demand than the dimes, quarters and halves. These small pieces of American money will be the first to be accepted by merchants and traders at there value in silver which will sky rocket if the currency dies. You should only buy with a long term hedge in mind. I am the world’s worst investor so don’t think of it as an investment, just exchanging “soon to be” worthless paper for something God and the world says is of real value.

Job 31:23-24 “If I have made gold my hope, or have said to the fine gold, Thou art my confidence; If I rejoiced because my wealth was great, and because mine hand had gotten much;”…

Just in case your thinking of this verse and that it might be wrong to own gold or silver, here is my answer. If you would rather have paper in your pocket and ones and zeros in your bank then that is entirely up to you, but the difference between you and Job is that nothing could fix Job’s problems but God Himself. James 5:1 tells rich men to weep and howl for the misery that was to come upon them. There is no amount of gold or silver that can provide any kind of relief for those who find themselves in the Great Tribulation under the wrath of Almighty God. This is not so for the believer in this age, who may suffer tribulation but not The Great Tribulation. Anyway, holding a handful of silver coins certainly does not mean you are rich. Oh, and by the way, the international bankers, the filthy rich like Warren Buffet, and certain countries are buying gold and silver like there is no tomorrow. Rats leaving a sinking ship!!

God Bless.

P.S Check out Franklin Sanders at moneychanger.com, He has a lot of wisdom in this matter.

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