Psalm 15:5 KJV — He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved.
It's better to save money in precious metal, than to have a high yielding savings account where all banks partake in fractional reserve type of banking or the stock market trying to earn dividends.
Pro 1:8-19 KJV
8 My son, hear the instruction of thy father, and forsake not the law of thy mother:
9 For they shall be an ornament of grace unto thy head, and chains about thy neck.
10 My son, if sinners entice thee, consent thou not.
11 If they say, Come with us, let us lay wait for blood, let us lurk privily for the innocent without cause:
12 Let us swallow them up alive as the grave; and whole, as those that go down into the pit:
13 We shall find all precious substance, we shall fill our houses with spoil:
14 Cast in thy lot among us; let us all have one purse:
15 My son, walk not thou in the way with them; refrain thy foot from their path:
16 For their feet run to evil, and make haste to shed blood.
17 Surely in vain the net is spread in the sight of any bird.
18 And they lay wait for their own blood; they lurk privily for their own lives.
19 So are the ways of every one that is greedy of gain; which taketh away the life of the owners thereof.
Here we can read about a warning, do not be enticed. Do not be lured by the world. Don't mix your hard earned money by gambling it with the lost world on the stock market or having it in the bank where the bank gambles it away. Even if you "own" stocks in a brokerage account, you don't even own it. It'll be in a margin account, where the brokerage will lend it out. If you hold your stocks in a cash account, you can still be bailed in. Those stocks are not in your name. So, you would have to go out of your way and tell your broker that you want to transfer your shares to the transfer agent, then call the transfer agent and tell them you would like a certificate, and they will send you a physical stock certificate. How many people who "own" stocks do that? Probably almost none. Even if you have a physical stock certificate, you're still holding on to a piece of paper. Precious metals are much better. Its how God designed money.
Edited
Stephen LeBlanc Sr
Aug 25, 2024
Replying to
There is not a whole lot I can add to that Brother, However I do believe in Diversifying, but not in stocks instead precious metals, currency and seeds.
Psalm 15:5 KJV — He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved.
It's better to save money in precious metal, than to have a high yielding savings account where all banks partake in fractional reserve type of banking or the stock market trying to earn dividends.
Pro 1:8-19 KJV
8 My son, hear the instruction of thy father, and forsake not the law of thy mother:
9 For they shall be an ornament of grace unto thy head, and chains about thy neck.
10 My son, if sinners entice thee, consent thou not.
11 If they say, Come with us, let us lay wait for blood, let us lurk privily for the innocent without cause:
12 Let us swallow them up alive as the grave; and whole, as those that go down into the pit:
13 We shall find all precious substance, we shall fill our houses with spoil:
14 Cast in thy lot among us; let us all have one purse:
15 My son, walk not thou in the way with them; refrain thy foot from their path:
16 For their feet run to evil, and make haste to shed blood.
17 Surely in vain the net is spread in the sight of any bird.
18 And they lay wait for their own blood; they lurk privily for their own lives.
19 So are the ways of every one that is greedy of gain; which taketh away the life of the owners thereof.
Here we can read about a warning, do not be enticed. Do not be lured by the world. Don't mix your hard earned money by gambling it with the lost world on the stock market or having it in the bank where the bank gambles it away. Even if you "own" stocks in a brokerage account, you don't even own it. It'll be in a margin account, where the brokerage will lend it out. If you hold your stocks in a cash account, you can still be bailed in. Those stocks are not in your name. So, you would have to go out of your way and tell your broker that you want to transfer your shares to the transfer agent, then call the transfer agent and tell them you would like a certificate, and they will send you a physical stock certificate. How many people who "own" stocks do that? Probably almost none. Even if you have a physical stock certificate, you're still holding on to a piece of paper. Precious metals are much better. Its how God designed money.