During 2000 to 2001, the U.S. economy endured what has been called the dot-com bubble. Many technology companies, most of which had never made a profit, began offering the public a chance to buy shares of their stock, and the value of the companies skyrocketed in the short term. A few founders became fabulously wealthy. But then the bubble burst, the share prices plummeted, and many of the companies went bankrupt—along with their investors. One financial journalist wondered, “Did the kids [the dotcom entrepreneurs] dupe the establishment by drawing them into fake companies, or did the establishment dupe the kids by introducing them to Mammon and charging a commission on it?”
Riches can be fleeting, which means that trusting in riches is foolish. No financial advisor in the world can offer eternal security. Psalm 62 reminds us that status and wealth can lead us into a false sense of complacency, but they are a poor measure for our lives. In the sight of God, what does it mean to “lowborn” or “highborn” (v. 9)? He is not impressed by our social standing or tax bracket.
The antidote to the false hope in riches can be found throughout the rest of this psalm. Unlike the stock market,God is our rock and salvation (vv. 2, 6). Unlike our retirement savings, God provides rest and comfort for our deepest needs (vv. 1, 5, 8). Unlike all the gold and jewels of the world, God can never be taken away from us.
Verses 11 and 12 provide the key to shaping our hope by telling us two essential things about God: He has all power, and He has unfailing love. Our God is capable of being a refuge for us, and He also cares for us. He is the only Person to put our hope and trust.