"of old" vs. "new"
In my observation the words "of old" refer to two time periods, depending on the context:
1. Before the flood of Genesis 1:2
2. Before the flood of Genesis 7-9
This idea came up from the two kinds of "new heaven and new earth" in the Bible:
1. The "new heavens and new earth" of the Millennium (Isa. 65)
2. The "new heaven and new earth" in Eternity (Rev. 21)
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