Saturn: King or demon?

On page 216 of Julius Evola’s “Revolt Against the Modern World”, we find an interesting footnote: 

"The Saturnalia, by evoking the Golden Age in which Saturn reigned, celebrated the promiscuity and universal brotherhood that were believed to characterise this age. In reality this belief represents a deviation from traditional truth, and the Saturn who was evoked was not the king of the Golden Age, but rather a chthonic demon; this can be established by the fact that he was represented in the company of Ops, a form of the earth goddess."

This may clear up some of the confusion many people seem to have over Saturn, who is often represented in various and contradicting ways. How can Saturn be both the king of the Golden Age and also equated with that which is Satanic or demonic? The answer, of course, is that "Saturn" is not always representing the same entity. The same name is being ascribed to more than one entity, causing a lot of ambiguity and confusion about Saturnian symbolism.

I've always thought it was unfortunate that Saturn came to be associated with this more demonic expression in the astrological community, which I think has contributed to an unfair and overly negative view of Saturn. When considering the symbolism of Saturn, the interpretation changes dramatically based on whether he is viewed as a regal, divine figure versus being viewed as something evil, dark, or Satanic.