Church of God News

Several times in the past year, gold has set records in US dollar terms since that book was published.

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

Poland has increased its gold reserves:

Poland now has more gold reserves than the UK

October 4, 2024

Adam Glapiński, president of the National Bank of Poland, announced at a press conference on Thursday that “on behalf of all Poles,” the bank now has 420 tons of gold, making it part of the “exclusive club of the largest holders of gold reserves in the world,” reports Do Rzeczy. …

“We have symbolically exceeded the resources of Great Britain, which has always been a kind of reference point,“ the NBP head said, adding that the gold purchases would continue. He also emphasized the importance of gold reserves as an economic stabilizer and state reserve.

“In accordance with the resolution of the board, we are striving for 20 percent of our currency reserves to be in gold. Then, we will find ourselves in such a close, exclusive club of the best economies in the world,” Glapiński said. https://rmx.news/article/poland-now-has-more-gold-reserves-than-the-uk/

While wars, rumors of war, and economic factors impact the price of gold, that is not all–US debt and sanctions policies have also been a factor.

That said, saw the following claim today:

Bitcoin & Gold: The Ultimate Hedges Against Chaos

But unlike the USA dollar and crypto-currencies, biblically we know that gold will have value well after the Great Tribulation starts.

Notice 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 European Beast 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.

Related to gold and the BRICS, including China, notice the following which is also in our free book Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?:

Since many are now questioning the role of the U.S.A. dollar as the world’s reserve currency, more are looking into other currencies as well as gold.

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

In 2017, I also published that last statement in my book related to Donald Trump, and it did hit records in July and August in 2020. [i] Now, despite having ups and downs, gold will set further records in U.S. dollar terms in the relatively near future.

It has been asserted that:

The only replacement for fiat {currency} is a currency credibly backed by gold.[ii]

Although the above can be debated, the reality is after the elimination of the U.S.A. and the crash of its dollar, the world will want something more stable than unbacked currency. Thus, it is likely that some type of gold-backed currency will emerge as the preferred reserve currency in the world.

It has long been reported that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance.”[iii] Various steps were also taken in 2022.[iv]

When the U.S. dollar totally collapses people all around the world will consider that even if the euro (or something similar) is strong, having a more gold-backed currency would be safer.

The collapse of the U.S.A. dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the U.S.A. dollar or various other currencies.

Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.

The debt accumulation policies of the Obama-Biden and the Trump-Pence Administrations, which were a massive acceleration of the previous policies of the Bush Administration, have to a large degree been continued by a Biden-Harris Administration.

The increases in America’s debt are leading the world into the time when something other than the U.S. dollar will be valued as its reserve currency.

The U.S.A. and its dollar are at serious risk.

Ezekiel 5:4 seems to show that after the U.S.A. and its British-descended allies are eliminated, fire will spread to “all the house of Israel.” Amos 6:3-7 also shows captivity coming to remaining Israelites after the house of Joseph gets afflicted. Thus, all the “lost tribes” will be affected.

This would happen after the fulfillment of Daniel 11:39.

[i] Gold hits new record, posts best month since 2016 CNBC, July 30, 2020; Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020

[ii] MacLeod A. Designing a new currency is impractical. Goldmoney Insights, March 24, 2022

[iii] Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016

[iv] Guistra F. Why the U.S. dollar will be replaced as the dominant global currency — sooner than you think. Toronto Star, July 5, 2022

A while back, we put together the following video:

12:30

Gold Backed Currency to Replace the US Dollar?

China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US-dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it looked like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.

Here is a link to our video: Gold Backed Currency to Replace the US Dollar?

However, let me add that gold 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.

And we should have even less trust in the value of the USA dollar and crypto-currencies.

Notice also the following:

What happens to the US economy if the Dollar is no longer the reserve currency of the world?

If US T-bills lose their attraction as reserve investments … it would get harder for the Treasury to sell more of them, requiring higher interest rates to be paid and potentially forcing austerity measures on the US government or triggering classic deficit spending inflation (“printing money” to pay for government, this doesn’t happen now because the deficit is financed through sales of those bonds at extremely low interest rates).

If foreign central banks and governments start exchanging their US dollars for some other currency or currencies, then the value of the dollar in international trade drops, it becomes more expensive to buy imported goods in the US and more profitable to sell exported goods from the US. This could have all kinds of political and social effects, especially if the shift was rapid, severe, and unexpected. https://www.quora.com/What-happens-to-the-US-economy-if-the-Dollar-is-no-longer-the-reserve-currency-of-the-world

The above is warning about inflation, higher interest rates, and troubles borrowing. The USA is the most highly indebted nation of all time. The USA has been essentially on a borrowing binge the last four decades and its economy is now dependent upon borrowing. The Bible paints an even worse scenario that in the time of the end (Habakkuk 2:2-3) the highly indebted will be taken over (Habakkuk 2:2:6-8) and destroyed (Daniel 11:39; USA in Prophecy: The Strongest Fortresses).

The time will come when the US dollar is dethroned and this will inflict great pain on the USA. But shortly after the US dollar becomes close to worthless, the Great Tribulation (Matthew 24:21) will come and the USA will be no more (watch Do these 7 prophesies point to the end of the USA?).

The more gold is worth in USA dollars, the less the USA dollar is worth in terms of gold.