Integrity & Investing In Gold And Silver
– by Zoltan Erdey
Gold and silver are asset classes or types of investment that are, strictly speaking, outside of the banking system. This makes it a fantastic insurance policy during turbulent economic times. Think of Cyprus and Greece during the banking crisis a few years back when banks closed and access to cash and even credit was limited, often simply unavailable for weeks.
Pay your taxes
As Christians, having savings outside of the banking system is wise and prudent, but it is not an opportunity to skip paying taxes, or hide our money from the tax authorities. Since everything that we possess belongs to the Lord (we are merely stewards or managers of what is His), we should not see the payment of what is due as a burden. Technically, we are using God’s money to pay what is due on His wealth. We are merely agents who ought to show ourselves trustworthy.
God is the ultimate governing authority
Romans 13:1-3 and 7 instructs us; “Let everyone be subject to the governing authorities, for there is no authority except that which God has established. The authorities that exist have been established by God. Consequently, whoever rebels against the authority is rebelling against what God has instituted, and those who do so will bring judgment on themselves . . . Do you want to be free from fear of the one in authority? Then do what is right and you will be commended.” “Render to all what is due them: tax to whom tax is due, custom to whom custom . . .”
Integrity in all our investing and savings is of great importance, not only to be in right standing before God, but also for the sake of our testimony to unbelievers.
JOY! Magazine (July 2018)