$100 million gold?

The 220 kg Gold brick displayed in Taiwan

The price of gold was about USD$1370 per ounce when I checked it a little earlier today (to see a more up-to-date price, please click Financial Information). The reason that I mentioned it, is because some believe it may go much higher:

How high will gold go? There are some scary visions out there

CTV, Ontario – Nov 12, 2010…

“The [U.S.] dollar hasn’t taken a really big hit yet. That’s the thing to watch for,” says John Williams, the economist behind Shadow Government Statistics, a newsletter that analyzes official U.S. financial data to see where government is fudging figures.

What could ultimately take down the dollar?

Mr. Williams worries that the weak U.S. economy will cause the country’s deficit to expand, and ultimately investors will become so worried about the solvency of the United States that they will refuse to buy U.S. Treasury securities, just as they’re balking about bonds from Greece and Ireland…

“If the dollar is worth nothing, [gold] could be $100-million an ounce in terms of the U.S. dollar,” Mr. Williams says, laying out the most apocalyptic scenario. “I mean, you divide by zero, you get very big numbers.”

That view may be extreme, but other analysts at least agree gold’s bull run still has legs. Recently, Shayne McGuire, a manager with a Texas’ teachers pension fund, one of the few big money managers in the U.S. to invest heavily in gold, wrote a book predicting the metal could hit $10,000 an ounce.

But many analysts are skeptical that the dollar is about to implode and gold reach nosebleed levels as a second instalment of the financial crisis. http://www.ctv.ca/generic/generated/static/business/article1797651.html

Gold Mocks World Spooked By Fed’s $600 Billion

Bloomberg – Nov 14, 2010

If Group of 20 officials want evidence they achieved little in Seoul, it’s the price of gold.

Gold mocked hopes for a solution to global imbalances in recent months, on its way to new highs. With the $1,400 per ounce mark under its belt, gold was shooting for the next milestone: $1,500. Now, commodities, which fell the most in 18 months on Friday, are dissing the G-20 in a different way.

Gold slid to $1,365.50, just days after hitting a record $1,424.30 on Nov. 9. Why? Fears of overheating in China. Hot money is already wreaking havoc with Asian asset prices. The Federal Reserve’s move to pump a further $600 billion into markets means China may raise rates, a specter that spooks investors. http://www.bloomberg.com/news/2010-11-14/gold-mocks-world-spooked-by-600-billion-fed-commentary-by-william-pesek.html

$100 million is simply a number that suggests that the US dollar will be worthless. If gold actually ever hits $100 million, it will likely hit $100 billion, as at that point almost nobody will want US dollars for anything other than burning for heat.

The Bible indicates that gold will have value into the Great Tribulation (Daniel 11:43; Revelation 18), but that the US dollar will not (Habakkuk 2; Daniel 11:39).

Eastern Orthodox and Roman Catholic prophecies discuss gold in the end times.

Notice the following Orthodox prophecies:

Saint Andrew Fool-for-Christ (c. 4th century): This king will rule…Happiness will reign in the world as it did in the days of Noah. People will become very rich…The entire world will fear this king…he will pursue all persons of the Jewish religion out of Constantinople…and the people will rejoice like in the time of Noah until the deluge came God will reveal to this king all the gold wherever it happen to lay concealed from view…(Tzima Otto, H. The Great Monarch and WWIII in Orthodox, Roman Catholic, and Scriptural Prophecies. Verenika Press, Rock City (SC), 2000, pp. 113,114).

Emperor Leo the Philosopher (c. early 10th century): You will amass the gold of the nations…And you will be the leader of the surrounding powers…and those that are near will prostate themselves before your feet (Tzima Otto, pp. 76-77).

To Emperor Manuel II (d. 1425): …upon the command of the the good Emperor they will go and discover treasures of gold and silver and all this will be offered as a gift to the pious ones; later on more and more valuable treasures will be found and the Emperor will do with those treasures likewise (Tzima Otto, p. 102).

Roman Catholics may wish to consider that those last three predictions sound a lot like prophecies from two of their saints about Antichrist (Ephrem is also an Orthodox saint):

Saint Ephrem (died 375): Antichrist will use worldly goods as bait. He will entice many Christians with money and goods to apostatize…The devil will help him find all the hidden treasures of the world, even those at the bottom of the ocean. With those treasures he will attain greater success for the reign of Satan than at any other time in past centuries (Connor, pp.73.74).

Saint Mechtilda (died 1299): Antichrist will, through base and false strategem, and with presents of gold and gems, attain influence over the worldly princes. They will look up to him as their Lord and God (Culleton, The Reign of Antichrist, pp. 133-134).

So does the Great Monarch amass gold with God’s help like Orthodox prophecies suggest or does he amass gold with the help of Satan as at least one Catholic saint and certain biblical prophecies (Daniel 11:43; Revelation 18) indicate?

The answer should be obvious to all who wish to believe the God of the Bible. The Bible is clear that those who amass gold at the end time will find it is not the answer (James 5:1-5; Revelation 18:9-17).

The idea of gold could be accumulated to support a European-backed currency while the US dollar tanks is discussed on page 333 of my book 2012 and the Rise of the Secret Sect. And this appears to be what will happen.

The financial world is starting to understand some of this–but few really know how bad it will get. The US dollar will ultimately be worthless and the USA ultimately taken over because of its sins and debt.

For additional information, check out the following articles:

The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Catholic Prophecies: Do They Mirror, Highlight, or Contradict Biblical Prophecies? People of all faiths may be surprised to see what various Roman and Orthodox Catholic prophets have been predicting as many of their predictions will be looked to in the 21st century.
Can the Great Tribulation Begin in 2010, 2011, or 2012? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?
Prophecies of Barack Obama? This article has eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. It includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? This is the longest and most complete article at the COGwriter website on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
2012 and the Rise of the Secret Sect This is a link related to a book by Bob Thiel (COGwriter). This also has YouTube videos. This book documents and explains hundreds of prophecies. And since it was published, many have already started to come to pass.
2012 y el surgimiento de la secta secreta Libro del Dr. Thiel en Español.
2012 und das Auftreten der geheimen Sekte (German Edition) 2012 Buch von Dr. Thiel in deutscher Sprache.