Gold of Egypt
Gizah Pyramids of Egypt
The 220 kg Gold brick displayed in Chinkuashi Gold Museum, Taiwan
The following news item was of interest:
Egypt to produce 8 tonnes of gold in ’09
DUBAI (Reuters) – Egypt, which stopped gold production in 1958, will produce 8 tonnes of the metal from mines in the eastern desert in 2009, the chairman of the Egyptian Geological Survey and Mining Authority said on Monday.
The Arab world’s most populous country, which once considered gold the skin of the gods, is revisiting ancient gold deposits, some unworked for 2,000 years.
“We have been producing gold since last December and one of the mines that started production has a reserve of 13 million ounces of gold,” Hussein Hammouda said.
“Once this mine is fully operational, it won’t be only one of the biggest in Africa, but rather one of the biggest worldwide,” he told Reuters in a telephone interview from Cairo.
Egypt’s gold production stopped in the late 1950s as the volume mined was considered too small to be profitable. The country produced 7.4 tonnes from 1902 to 1958.
“We are planning to produce 8 tonnes of gold in 2009, which is more than what the country had produced in a century,” Hammouda said.
“This is only the beginning … and we are planning to become a major producer in the region as we explore other mines we have,” he said.
The country hopes this year’s output will reach at least 15,000 ounces of gold, Hammouda said…
Last year, Egypt offered eight gold mining concessions for various parts of the country. The 2007 round of concessions were awarded to five companies from Canada, Australia, Europe and the United Arab Emirates, Hammouda said. http://africa.reuters.com/business/news/usnBAN437403.html
As the news item indicates, until this mine was reopened, it was not believed that there was much gold in Egypt. Production levels this high, however, do demonstrate the value of this gold now, and in the near future.
As regular readers of the COGwriter page are aware, the Bible prophecies a time when the King of the North will invade Egpyt and will control its gold:
40 At the time of the end the king of the South will engage him in battle, and the king of the North will storm out against him with chariots and cavalry and a great fleet of ships. He will invade many countries and sweep through them like a flood. 41 He will also invade the Beautiful Land. Many countries will fall, but Edom, Moab and the leaders of Ammon will be delivered from his hand. 42 He will extend his power over many countries; Egypt will not escape. 43 He will gain control of the treasures of gold and silver and all the riches of Egypt (Daniel 11:40-43, NIV).
With financial instability facing the world, having the King of the North acquire gold stocks will help show the world that his European Empire is the economic powerhouse of the world at that time.
Several articles of possibly related interest may include:
Is There A Future King of the South? Some no longer believe there needs to be. Might Egypt, Islam, Iran, Arabs, or Ethiopia be involved? What does the Bible say?
The Arab World In the Bible, History, and Prophecy The Bible discusses the origins of the Arab world and discusses the Middle East in prophecy. What is ahead for the Middle East and those who follow Islam?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”?
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