Should Christians Own Gold?

Christians in America hold significant investable assets. According to a recent report from Kingdom Advisors, Christian church members hold an estimated 49.7% of the stock, bond, and mutual fund investments in America today, or $22.4 trillion in public market investments.

Christians are comfortable with Wall Street.

But what about Christians owning gold? Some Christian financial advisors and broadcast influencers warn Christians that gold is simply some yellow rock. Others recommend allocating a portion of your portfolio to gold. So, where do we begin for clarity? How about the Bible?

The Bible and Gold

The Bible references gold frequently, carrying both positive and cautionary symbolism:

For Positive Symbolism: Gold is mentioned in the Bible as symbolizing holiness, righteousness, and the divine presence of God. The Magi brought gold as a gift to the newborn Jesus. The New Jerusalem is described as having streets of gold. Faith is compared to gold that is refined by fire, highlighting its value and purity through trials. Gold is also addressed as money by Jesus himself.

Some Cautionary Symbolism: The lust of money (which includes gold) is described as the root of all evil (1 Timothy 6:10). Scripture emphasizes that true wisdom and a relationship with God are more precious and valuable than any material wealth, including choice gold. Which means Gold and Silver are both valuable. However, nothing is more valuable than your relationship with God Himself.

Here’s Some Practical Guidance: Many Christian financial ministries, such as Crown Financial Ministries, suggest that while owning assets like gold as part of a diversified investment strategy is acceptable, it should be limited to a small percentage of a portfolio and not relied upon as the ultimate “insurance” against all calamities.

How About Some Next-Level Guidance: Christians are to practice faithful stewardship and ensure their heart is not corrupted by wealth. But this applies to all assets and possessions. The issue that many advisors do not bring to the attention of clients is just how important gold is as a hedge against inflation and a real store of value, that gold has intrinsic value, and without counterparty risk. By emphasizing Wall Street investments often clients are exposed to far greater Risks than they understand.

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