ZH: ‘We Have Liftoff!’ – Spot Gold Takes Out Record High

(Pixabay photo)

Forbes posted the following:

March 6, 2024

I want to circle back around to the rally in gold. In addition to gold hitting new highs, we’re also seeing a rally of late in bonds. The yield on the 10-year fell to 4.136% on Tuesday after hitting a recent high of 4.349%. There are three potential warning signs I look for when it comes to equities – bonds, gold and market volatility as measured by the VIX. We’ve seen two of the three rally recently. That isn’t a total surprise with equities at all-time highs. Seeing some money rotate into safer assets makes sense. https://www.forbes.com/sites/jjkinahan/2024/03/06/bonds-and-gold-rally-should-investors-be-concerned/?sh=50bea0d666c1

ZeroHedge posted the following:

‘We Have Liftoff!’ – Spot Gold Takes Out Record High

March 5, 2024

Extending their run of the last few days, spot gold prices just exceeded their all-time highs, topping $2140 for the first time in history…

What is gold pricing in about future Fed action? Real rates dramatically negative? As Luke Gromen noted on X:

“When gold rises in your currency DESPITE positive real rates, the gold market is saying ‘Your government will have a debt spiral if real rates remain positive’.“

As Egon von Greyerz details in his latest note, “we have liftoff”, expect more to come…

All Empires die without fail, so do all Fiat currencies. But gold has been shining for 5000 years …

Luke Gromen in his Tree Rings report puts forward two options for the world economy which can be summarised as follows:

1. Dedollarisation continues, the Petrodollar dies and gold gradually replaces the dollar as a global commodity trading currency especially in the commodity rich BRICS countries. This would allow commodity prices to stay low as gold rises and drives a virtuous circle of global trade.

If the above option sounds too good to be true especially bearing in mind the bankrupt status of the global financial system, Luke puts forward a much less pleasant outcome.

And in my view, Luke’s alternative outcome is sadly more likely, namely:

2. “China, the US Treasury market, and the global economy implode spectacularly, sending the world into a new Great Depression, political instability, and possibly WW3…in which case, gold probably rises spectacularly all the same, as bonds and then equities scramble for one of the only assets with no counterparty risk – gold. (BTC is another.)”

Yes, Bitcoin couldgo to $1 million as I have often said but it could also go to Zero if it is banned. Too binary for me and not a good wealth preservation risk in any case.

As Gromen says, there is a virtuous case and there is a vicious case for the world economy.

But above both cases shines GOLD!

So why hold the worthless paper money or bubble assets when you can protect yourself with Gold! …

And although the CBO forecasts a debt increase of $21 trillion by 2034 to a total of $55 trillion, they expect inflation to stay around 2%!

As I have stated in many articles, the US Federal debt has doubled every 8 years on average since Reagan became President in 1981! https://www.zerohedge.com/commodities/we-have-liftoff-spot-gold-takes-out-record-high

The record price of gold should not come as a surprise to regular readers of this COGwriter Church of God News page.

Furthermore, our free online book, Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?

On page 293 of the 2023 print edition and page 317 of online version of my book is the following statement:

Gold will set records in U.S. dollar terms.

That said, experience teaches us that gold can also go down in value, so investors should always be cautious.

Yet, we who truly believe the Bible know that gold and silver will have value after the USA dollar has collapsed because of prophecies in Daniel 11:39-43, Zechariah 14:14, and Revelation 17:4 and 18:12,16:

40 “At the time of the end…43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)

14… And the wealth of all the surrounding nations
Shall be gathered together:
Gold, silver, and apparel in great abundance. (Zechariah 14:14)

12 … merchandise of gold and silver, precious stones and pearls … 16 … ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:12, 16)

4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls (Revelation 17:4)

There are no similar statements backing up the future value of paper items, like the US dollar or the British pound (scripture, indirectly, teaches their elimination, for details see Anglo – America in Prophecy & the Lost Tribes of Israel). Daniel 11:24 shows that the leader mentioned in Daniel 11:40-43 will somehow also be accumulating wealth prior to this time, and that may involve gold accumulation (cf. Daniel 11:38). Perhaps to back up a European-supported currency, he also may end up with personal and/or national gold reserves and/or wealth from the Vatican. The Vatican has a vast amount of wealth and is prophesied to be improperly involved with the kings of the earth in the end times per Revelation 17.

Lat me add that gold and silver will, for a time, be considered less than worthless as the prophet Ezekiel warned:

19 They will throw their silver into the streets,
And their gold will be like refuse;
Their silver and their gold will not be able to deliver them
In the day of the wrath of the Lord;
They will not satisfy their souls,
Nor fill their stomachs,
Because it became their stumbling block of iniquity. (Ezekiel 7:19)

Now the above does not happen until well AFTER the Great Tribulation begins and the USA (and its dollar) are gone. But it is also a warning to not put trust in gold or silver.

And we should have even less trust in the value of the USA dollar.

The Bible shows that the Babylonian, European Beast power will control a lot of gold.

Related to that, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:

17:48

Beast Prophecies and European Gold

Gold is so valuable it is called a precious metal. What nation has the most of it? Is there an area of nations with more? Will gold last longer than the USA dollar? Are there properties about the Beast and/or the Antichrist in the Bible that show that the European Babylonian Beast power will amass gold during the time of the Great Tribulation? Are there Eastern Orthodox prophecies that look forward to this? Are there biblical and Roman Catholic prophecies that warn against this? Are European central banks already accumulating gold? Did Swiss America state that some central banks are leaning towards a gold standard? Might the coming King of the North accumulate gold to use to help shore up his currency after the demise of the US dollar? Dr. Thiel addresses these issues and more.

Here is a link to the sermonette video: Beast Prophecies and European Gold.

What about silver?

Silver has long been used as money.

It should be noted that the Bible does show that silver (along with gold) will have value into at least the first few couple of years of the Great Tribulation. Here are some end time prophecies from scripture that help show that:

40 “At the time of the end…43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)

14… And the wealth of all the surrounding nations
Shall be gathered together: Gold, silver, and apparel in great abundance. (Zechariah 14:14)

12 … merchandise of gold and silver, precious stones and pearls … (Revelation 18:12)

Yet, throughout history, governments have often debased the value of their silver currency by making it dross.

This is something that the Bible warns against:

4 Take away the dross from silver (Proverbs 25:4a).

In the USA, its “silver” became “dross” in 1965.

Interestingly the USA, not being satisfied with simply making its silver dross, has taken so many steps to make its currency dross through debt, “quantitative easing”, massive deficits, and politically-motivated spending that it pays no attentions to God’s warnings about cheapening the money supply.

We have the following silver-related video:

15:10

Silver, Science, and Scripture

What is silver? What is it used for? How long has it been used? Will it have use in the future? There was an archaeological discovery that concluded that silver was used as a form of payment 3,700 years ago in the Levant (roughly the area of Israel, Lebanon, and Syria)–that was 500 years earlier than many thought it had been used there. Was silver shown to be used even a couple of centuries earlier than that by Abraham in the Bible? What is dross? Did ancient Rome have dross coins? Did the USA switch to dross coins instead of silver in 1965? Does the Bible teach against the use of dross? Does the Bible prophesy that silver will have value into the Great Tribulation? Are there Greco-Roman Catholic prophecies pointing to Great Monarch amassing precious metals and the Antichrist using wealth as bait? Will there be a time when people toss their silver into the street? Are there any radioactive risks with silver? Will gold and silver have value in the millennium? What does the word of God teach is more valuable than gold or silver? What should you invest in? Steve Dupuie and Dr. Thiel address these issues.