Future Consideration with Regards to Gold

[EasterJoy]

The price of gold is now over $1800/ounce, compared to around $300/oz ten years ago, which surely poses a difficulty to any parish that needs to replace or re-line the sacred vessels for Mass.

In retrospect (or for future thought) it would seem prudent to buy gold when the price is low and donate it to one’s parish, with the stipulation that the gold specifically be held for the day when the vessels for Mass need to be repaired or replaced. If the price of gold is low when that is needed, the parish could pay for the replacement or repair, only using the reserve to do it if the price of gold happened to be particularly high compared to other commodities. We are not talking about a huge stockpile of precious metals, but only an amount tied to how the price of gold would figure in replacing the vessels the parish actually uses.

The idea is not to speculate in gold, but to realize that the price of serving the needs of the altar is tied directly to the price of gold, and to plan accordingly.

I’m looking for critiques of this idea.

 

[curlycool89]

Commodity wise, you’d call that a hedge.

Depending on what the forecast is right now, it may or may not be a good time to hedge in gold (I haven’t check what it’s suppose to do lately).

 

[DianaCC]

As long as clerics are careful during Democrat administrations, the Church will be fine.

 

[Catholic90]

Commodity wise, you’d call that a hedge.

Depending on what the forecast is right now, it may or may not be a good time to hedge in gold (I haven’t check what it’s suppose to do lately).

 

[Joannm]

Most vessels used at Mass are not gold but simply plated.