False Gold or Fools’ God
Wilfred Hahn ((Eternal
Not long ago, I had a
conversation with a Christian financial advisor who openly stated that the
Lord tells him where to invest. For example, some years ago he claimed that
the Lord told him “to sell stocks in 2005.” During the more recent
conversation, he told me that the Spirit told him to put all his clients
into gold and that the euro was going to fall apart because France was going
to leave the European Union in 2011. He advertises his services heavily on a
Christian radio station.
attending a Christian conference, I listened to a presentation from a
financial advisor. It was an hour of predictions and opinions, charts,
stories and secular wisdom. While he did not claim that the Lord gave him
his predictions, some people would likely have thought that his views were
divinely endorsed. After all, he was an advisor invited to give his views at
a Christian conference offering apologetics and prophecy instruction from
some well-known teachers. This advisor heavily promoted the purchase of gold
The fact that he
had recommended the purchase of gold throughout the 1980s and 1990s (a long
period of declining gold prices) was conveniently ignored.
of these men was dispensing infallible prophecies. In the case of the first
advisor, his forecasts have also not proven to be accurate in the past. As
it was, U.S. stock
markets continued to soar another three years until 2008. In the case of his
most recent “prophecy,” that
would leave the euro in 2011, yes, it surely is possible that some countries
could yet exit from the euro. However, any non-spiritually-guided analyst
can already see that possibility.
The second advisor
mentioned only two Bible verses throughout his presentation … and these,
popularly, from Proverbs. Other than that, I could not distinguish this
presentation from perhaps thousands of other sales pitches and stories that
I have heard in the secular world. Moreover, the advice was not suitable for
the vast majority of people at the conference.
We can be reasonably
sure, therefore, that neither advisor is likely to be accurate about the
future (though it is true that a stopped watch will be correct at least
twice a day). The fact that the price of gold has been rising in recent
times, only serves to make these advisors more dangerous, as people will be
inclined to chase after their “godly” advice without regard to the fact that
they have been wrong in the past. Unfortunately, many Christians are prey
today, though the teachings of the Bible should protect against this. The
Bible counsels: “That we
henceforth be no more children, tossed to and fro, and carried about
with every wind of doctrine, by the sleight of men,
and cunning craftiness,
whereby they lie in wait to deceive” (Ephesians 4:14).
A little more than a
decade ago, we wrote an article entitled “Spirit-led Investing: Spurious or
Inspired?” (See Midnight Call magazine, October 1999). At the time,
our intent was to warn people against false prophets and financial advisors
masquerading as Spirit-led money prophets. These certainly still exist
today. Moreover, at least a few of them are widely revered and endorsed in
Christian circles. People hang on to their every word as if divinely
endorsed. For this and other reasons, the matter is serious enough to raise
reasons prompt us to revisit this topic. Firstly, it touches on a much wider
field—namely, profiteering on Bible prophecy. Some ministries derive profits
by selling products and courses that will help people prepare for certain
prophesied events, economic collapse, or to survive the Tribulation period.
Such activities seem to have grown in recent years since the Global
Financial Crisis (GFC) erupted.
Given that America itself
has borne the brunt of the subsequent economic trials and has visibly
weakened relative to the rest of the world, the doom merchants appear to be
prospering. While the prophecies in the Bible will surely prove to be true,
we are not given the exact calendar dates. To offer “survival” items for
sale, one implicitly is forecasting the near fulfillment of specific events
or that Christians will go through the Tribulation.
it seems that many ministries and pulpits these days take it upon themselves
to provide economic and financial perspectives to their flocks, this being
different than focusing on stewardship. There is no harm in teaching the
latter, so long as investing is not confused for stewardship. To be a good
steward does not necessarily require one to be an investor, nor, for
example, to buy a mutual fund. Some ministries urge Christians to buy gold
and silver; dump the U.S. dollar; or, to jump out of their securities
investments … etc.
As it is,
even trained economists and financial strategists have a terrible record in
making these kinds of predictions. If so, why would Christians have a better
success rate in making such predictions from the pulpit? The answer is that,
over time, they do not. The consequence? They are actually causing a
disservice, falling into the same “booby trap” as the vast masses. Even more
worrisome, they may be neglecting to teach on topics of greater eternal
reason is this: It is a stated Biblical fact that the two domains of Mammon
(we choose to capitalize this name) and the Kingdom of God
Holy Spirit Never Tempts
Mankind to Mammon
of God and Mammon have
nothing to do with each other (“Ye cannot serve God and Mammon,” Matthew
6:24). Only one of them can be served. By definition, that must also mean
that neither of these two domains can be in the service of each other. This
is only logical and leads to these two deductions. Firstly, Mammon has no
interest in teaching us how to better worship God. It will never do this.
Secondly, God is hardly inclined to tempt his children to become ensnared or
preoccupied with the things of Mammon.
follows, therefore, is this conclusion: God is not disposed to send
“Spirit-led advisors” for the purpose of enabling his children to better
compete and succeed in the world of Mammon. That should come as no surprise.
The witness of the Bible supports this statement. Nowhere in the Bible can
we find any example of the Holy Spirit assisting people in accumulating
wealth. To the contrary, in the one instance where a spirit (demon in this
case) is stated to make moneymaking prophecies through a young damsel (Acts
16:16), the Apostle Paul drove it out of her.
We further reflect on the fact that nowhere in the Bible is any Old
Testament prophet shown to be profiting from Spirit-led advice or the “word
of the Lord” or from visions. Not once. In fact, again, quite to the
contrary. Not once did Jesus Christ ever give any investment advice or
insights as to how to turn Mammon into a Golden Goose, except in one way.
That was to take advantage of worldly wealth to build riches in heaven. The
parable of the Unjust Servant illustrated this great lesson: “And
I say unto you, Make to yourselves friends of the mammon of unrighteousness;
that, when ye fail, they may receive you into everlasting habitations” (Luke
Prophets of Profit
Anyone who has made an
inaccurate forecast proves that he is not a prophet of God and should be
ignored. In the Old Testament, a key identifier of a true prophet was
accuracy; not just for one out of 10 prophecies, as may happen today in the
personal prophecy movement, but each and every time.
Moses, “How can we know when a message has not been spoken by the LORD?" If
what a prophet proclaims in the name of the LORD does not take place or come
true, that is a message the LORD has not spoken. That prophet has spoken
presumptuously. Do not be afraid of him. (Deuteronomy
Claiming to be a
“Spirit-led” investment adviser is claiming to be a “seer” and of being able
to look into the future. Good stewardship advice is obviously beneficial.
However, the next time an individual makes the claim of being a “Spirit-led”
investor, alarms should ring.
A Rigged, Treacherous Scheme
The unpoliced world of Mammon is a treacherous place. Please never forget
that the “love of money” (1 Timothy 6:10) is the greatest vulnerability of
mankind. It is at the very root of all evils, and the major leverage point
that Satan has to enlist humans to carry out his endtime plans of
insurrection, as the Bible outlines.
In practical terms, however, what does this actually mean? It signifies that
a godless world will make “Money” (Mammon) its idol and object of worship
and aspiration. That means there are 6.8 billion people in the world today
that are either vulnerable to, or committed to, doing anything possible to
Money is therefore the nexus point of the most competitive and brutally
corrupt arena that exists in the entire universe. This thorny thicket is
what any saver or steward is up against when he enters the modern world of
money and financial markets. Despite the fact that there are supposedly many
regulatory bodies and consumer protection agencies around the globe that
attempt to keep the “animal spirits” of money in check, massive financial
busts, elaborate thefts and grand lying and cheating in high places will
continue (and worsen). In fact, the Bible states this to be the case, even
prophesying that such global conditions would be a “sign of the times.” The
two visions of Zechariah found in Chapter 5 pointedly indicate that a state
of “lying” and “stealing” covers the entire earth, thus leading to a curse
This being the condition of the world today, no specific investment opinion
can be sure, nor any one outcome guaranteed. Conditions can change rapidly
and without warning. The vast majority of stewards and savers are therefore
usually no match for the “experts in greed” that serve to brutally rig the
global money casino.
Continuing on the Road to Prophesied Breakdown
Looking ahead, given the incredibly unprecedented and desperate financial
and economic conditions around the world, anything is possible over the
short-term … including a runaway stock market to the upside. Calls to invest
everything in gold or to “dump” the US dollar cannot be guaranteed to be
We must remember that the character and essence of the very last days is
deception and entrapment. To that end, one last and final manipulated boom
in fictitious wealth could be the “checkmate” move … the final steel bear
trap that captures many more people’s hopes and leads to an even greater
Global Financial Crisis. And, if it is to be the last and final boom—and we
have no certainty on this point—the collapse stage will most certainly take
place inside the Tribulation period, the most crushing phases in the Great
Tribulation spanning the final three and one-half years.
There are a number of phases of crisis within the Tribulation period. The
turbulence that the world is witnessing today signifies the build-up of
tremors that finally erupt in the Tribulation period. These tremors
contribute to the anguish of many people today and their susceptibility to
ill-conceived solutions. They may fall prey to false prophets of prosperity,
chase shadows, or uncritically run after so-called Christian money prophets
who have the latest solution.
But wouldn’t buying gold bullion surely be the best solution?
Trusting in Fools’ God
No, the first solution is to get control of the affections and anxieties of
our hearts. Yes, gold may be a profitable investment from time to time. Yet,
it particularly attracts the zeal of Christian advisors. In fact, to my
perception, many people seem to hold a near-sacred view of gold that is
beyond reason—what we have dubbed “God’s Money Syndrome.” Frankly, a lot of
gold bullion is sold to investors using this basic premise. However, God
does not need money to do his will on earth, nor is gold the ultimate
currency and the sure solution to all of mankind’s monetary problems and
corruption. The historical record does not support this conclusion. Nor,
crucially, does the Bible.
The Bible clearly tells us where such problems originate in the first place.
Says James, “[…] for
God cannot be tempted with evil, neither tempteth he any man: But every man
is tempted, when he is drawn away of his own lust, and enticed. Then when
lust hath conceived, it bringeth forth sin: and sin, when it is finished,
bringeth forth death” (James 1:13-15).
Many people (including many Christians) imagine that gold is a good
investment because it will also be accepted as a transactional metal and
therefore will prove to be a good store of wealth even as world financial
systems collapse. This is not a sure premise, nor are such desperate
conditions likely this side of the Tribulation. In any case, there is no
reason why the use of gold cannot be legislatively curtailed at some point
in the future. Please do not forget that the world’s monetary systems are
manipulated; its powers fiat, contrived and corrupt. As it is even now, gold
cannot be used as money in any store.
In fact, the Bible tells us that a time will come when commerce—the act of
buying and selling—will be controlled worldwide by the False Prophet. This
system will apparently not have any role for gold. Accordingly to the Bible
he causeth all, both small and great, rich and poor, free and bond, to
receive a mark in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the mark, or the name of
the beast, or the number of his name”
(Revelation 13:16-17). This happens after the seven seals have been opened
and seven trumpets have already sounded. That would indicate a point in time
in the final Great Tribulation period.
These measures introduced by the False Prophet surely imply that a barter
economy (buying and selling things by trading them outside of the financial
system) will have already been banned at that point. After all, only those
who are qualified by the mark are able to buy and sell. We therefore see
that a system will be in place that can selectively exclude anyone from an
economic transaction. Such a regime could not be based upon gold.
Then, just what type of system would best offer the ability to control
“buying and selling”? Would a regime like the modern-day fiat, electronic,
central reserve-based monetary system be any more conducive to controlling
the world’s “buying and selling”? Actually, it is already made exactly to
order for such an application in the future.
Indeed, we have no idea as to the exact timing of events concerning gold,
either those prophesied in the Bible or those being considered by the
world’s supra-monetary and economic authorities. In any case,
pre-tribulational Christians will already have been raptured by that point.
Fitting Judgment Upon Commercialism and Gold
Much earlier in the Tribulation period, after Jesus Christ opens the third
seal (this likely being closer to the middle point of the first half of the
Tribulation period), we already learn that people are much more concerned
about food than they are gold.
heard a voice in the midst of the four beasts say, A measure of wheat for a
penny, and three measures of barley for a penny; and see thou hurt not the
oil and the wine” (Revelation 6:6).
sense, this is a fitting and final judgment upon mankind. Jesus Christ
counseled his followers that they need not worry about food, nor clothes and
that we were valued much more than sparrows. In direct contrast, the world
has built up a massive commercial/financial system that seeks to establish
human and material security upon earth … and “a world free of poverty” (this
being the slogan of the World Bank). It denies God any glory. As such, it
will fail completely, already showing massive fracture lines even today.
Jesus, “Are not two sparrows sold for a farthing? and one of them shall not
fall on the ground without your Father. But the very hairs of your head are
all numbered. Fear ye not therefore, ye are of more value than many
sparrows” (Matthew 10:29-31). (Interestingly, Luke prefers the better price
of “five sparrows for two farthings.” See Luke 12:6-7. Apparently,
shopkeepers were offering volume discounts some 2,000 years ago.)
Practical Investment Advice Needed?
What to do? Where should we steward our savings? Presented are two answers.
For people living in the rich nations of the world, the second answer will
likely be ridiculed. The reader can be the final judge.
I have never provided specific investment opinions in “Money: Ends n’
Trends,” instead focusing upon Biblical perspectives on world “endtime
money” developments. The Bible is never wrong, certainly this applying also
to its statements about the future. On the other hand, people who make
timing forecasts (in other words, prophesy) about money trends or other
detailed aspects of the future, will be wrong. Perhaps not always, yet it
remains that one can never know when a forecaster will be right or wrong.
That makes their pronouncements unreliable and dangerous.
As to the first answer, I do not know of anyone who has consistently been
proven correct in providing opinions on specific investments or future
trends. No such person exists. Everyone is fallible … especially, of course,
when trying to predict the future. I make incorrect judgments about
economies and the timing of world trends frequently. Any reference to my
opinions expressed in secular publications would quickly prove that point.
With that caveat in mind, my oft-repeated counsel to investors to whom God
has given financial assets to steward, is to broadly diversify one’s
investments across as many asset-types as possible (including gold), as well
as globally. For the majority of people, this is the safest approach to
take. Yes, there definitely will be investments from time to time that
appear more attractive than others. Though that may be the case, the average
individual usually is not successful in capitalizing upon such
opportunities. There are many reasons for this. Suffice it to say that one
would need to be adept at understanding the devious and deceptive workings
of Mammon (without it capturing the affections of one’s heart). Not many
have such skills or dispositions.
Points to Ponder
Mostly, all of the above-mentioned notions of stewardship are earthly and
fleshly attempts to establish security in this world. In essence, this is a
“worldly” focus. It is not Biblical. This statement may surprise readers. It
surely challenges the trained disposition of this analyst. However, we
cannot void the truth of the Bible. Its perspectives are true and
life-giving. We ignore its advice to our detriment.
If we believe in such things as the soon-coming return of Jesus Christ; that
the gospel “is
the power of God for the salvation of everyone who believes” (Romans 1:16)
—such things that the world considers madness—then surely we can put our
trust in God to provide, as the following verses teach:
serve both God and money. Therefore I tell you, do not worry about your
life, what you will eat or drink; or about your body, what you will wear. Is
not life more than food, and the body more than clothes? Look at the birds
of the air; they do not sow or reap or store away in barns, and yet your
heavenly Father feeds them. Are you not much more valuable than they? Can
any of you by worrying add a single hour to your life? And why do you worry
about clothes? See how the flowers of the field grow. They do not labor or
spin. Yet I tell you that not even Solomon in all his splendor was dressed
like one of these. If that is how God clothes the grass of the field, which
is here today and tomorrow is thrown into the fire, will he not much more
you—you of little faith? So do not worry, saying, ‘What shall we eat?’ or
‘What shall we drink?’ or ‘What shall we wear?’ For the pagans run after all
these things, and your heavenly Father knows that you need them. But seek
first his kingdom and his righteousness, and all these things will be given
to you as well. Therefore do not worry about tomorrow, for tomorrow will
worry about itself. Each day has enough trouble of its own
Booms, bubbles and busts will continue. All the while, the wealth skew of
the world continues to widen … the rich becoming wealthier, the rest poorer
and more indebted. The world is hurtling rapidly along the path that leads
to the ultimate collapses revealed by the Bible to take place in the
Tribulation period. The Global Financial Crisis (GFC) is not over; it
continues in different forms, its full legacy still to unfold in the future.
A more detailed explanation of these expected developments, supported by
Scripture, can be found in the recent book,
Global Financial Apocalypse
Prophesied: Preserving True Riches in an Age of Deception and Trouble.
About the Author: Wilfred J. Hahn
is a global economist/strategist. Formerly a top-ranked global analyst,
research director for a major Wall Street investment bank, and head of
Canada largest global investment operation, his writings focus on the
endtime roles of money, economics and globalization. He has been quoted
around the world and his writings reproduced in numerous other publications
and languages. His 2002 book The Endtime Money Snare: How to live free
accurately anticipated and prepared its readers for the Global Financial
Crisis. His newest book, Global Financial Apocalypse Prophesied:
Preserving true riches in an age of deception and trouble, looks further
into the future.