Church of God News

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. 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?:

The Bible warns about silver becoming “dross” (Isaiah 1:22; Ezekiel 22:18-22) and says to reverse it once it happens (Proverbs 25:4a; Isaiah 1:25). But the Anglo-American nations have not done that, their old silver coins are now dross (made/filled with cheaper materials) and their massive debts have made dross out of their fiat currencies (currencies that are not tied to gold or some other hard asset).

Furthermore, the “U.S. is highly vulnerable to loss of confidence by foreign creditors.”[i] U.S. government debt is “extremely vulnerable to foreign attack because of the high percentage of foreign ownership — almost 40% of the market.”[ii]

Interestingly, in the past, one foreign creditor, China, has raised concerns about the U.S. debt that are so serious, that its potential dumping of that debt has been called China’s “nuclear option”[iii] against the U.S.A.—an option that involves no military intervention, but that could greatly harm the U.S.A.

Many have complained about the U.S.A. “weaponizing” its dollar through sanctions, bank restrictions, and other means.[iv] By doing so, the U.S.A. has inadvertently been  building up a coalition to push aside the dollar—and this will happen when the timing is considered to be better. European leaders have been working for years to establish a new reserve currency for the world, partially with the intent to remove the U.S. dollar from its position as the world’s primary reserve currency. The fact that Europe would develop its own currency, as well as for that purpose, was predicted by Church of God writers no later than 1971[v] –which is over two decades before the euro was officially agreed to.

Those in Iran and some of the Arab lands, along with nations such as Brazil, China, and India have discussed plans for the removal of the dominance of the U.S.A. in global trade as well. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place. [vi] Others have noted that bypassing the USA dollar is still an object of BRICS—and officially BRICS nations “are currently working on setting up a new global reserve currency,”[vii] which may have gold-backing.[viii] The expansion of BRICS (which is in progress[ix]) may ultimately even hurt Australian trade as well as “severely weaken primacy of the US Dollar as an international currency.”[x]

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

[ii] Ibid

[iii] Gertz B,  China Debt Threat.  Washington Times, March 2, 2011

[iv]  Jayakumar V. The weaponization of finance threatens the future of the dollar standard. The Hill, March 1, 2022

[v] Hogberg G. Rising World Colossus. Plain Truth magazine, May 1971

[vi] Escobar P. BRICS was created as a tool of attack: Lula. Asia Times, August 28, 2019

[vii] BRICS developing new global reserve currency – Putin. RT, June 22, 2022

[viii] Helms K. Economists Discuss Russia, China Potentially Developing Gold-Backed Currency. BRICS Information Portal, November 11, 2022

[ix] US Responds to Massive BRICS Expansion Effort As Nations Push to Launch Global Currency, Ditch Dollar. Daily Hodl, May 5, 2023

[x] Hunter M. BRICS Is Becoming The Big Kid On The Block: Implications For Australia – Analysis. Eurasia Review, November 1, 2022

Yes, the BRICS aligned nations are interested in pushing aside the USA dollar and many are accumulating gold. So are many European nations. Recently, India repatriated 100 tons of gold from London (https://www.fxstreet.com/analysis/india-brings-100-tons-of-gold-home-for-safe-keeping-202405311926).

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.