All content on this blog from Tim McGhee has moved to the Tim McGhee Substack, and soon, Lord willing, will be found only on that Substack.

Thursday, June 27, 2019

When gold becomes useless

When investors like Warren Buffet make the point that gold is useless, this is why:

The golden asteroid that could make everyone on Earth a billionaire

If everyone had that much gold, no one would think gold was worth anything. Gold itself doesn't put food on the table, put a roof over anyone's head, or produce anything of value.

This kind of economic dynamic has happened before.

In the days of Solomon, God had given the king so much wisdom that the people prospered to a point where silver was so abundant it “was accounted as nothing in the days of Solomon” (1 Kings 10:21).

Do you know what kind of treasure never loses its value? Treasure stored up in heaven.

Where is your treasure stored?

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