Gold Up and Italian Bond Rates Soar

220 kg Gold brick displayed in Taiwan

The economic situation in Europe is concerning many. Gold and interest rates on Italian bonds went:

Gold tops $1790 to end at over six-week high

‎MarketWatch – Myra P. Saefong – 7 November 2011
SAN FRANCISCO (MarketWatch) — Gold futures closed higher Monday, topping $1,790 an ounce, as ongoing concerns over the euro-zone debt crisis and reports that Germany rejected calls to use its gold reserves to help shore up the region’s rescue fund helped boost prices.

Italy bond yields soar; euro zone troubles deepen

Reuters – ‎7 November 2011

Debt in the Eurozone and the USA economy, combined with recession fears in the West seem to be factors in gold’s rise. The fear that Italy could be the next victim of the Euro denominated debt crisis, and that the EU will not be able to help enough, is causing rates to rise on that nations bonds. The price of stocks and gold will fluctuate (for more current gold quotes, check out the Financial Information link, which also has links to stocks, currencies, and other financial valuations). Many are going for gold because they are scared as well as for a type of reserve currency.

The idea of gold could be accumulated to support a new 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, as well is what is we see sometimes happening now.

The financial world is somewhat starting to understand some of this–but few really know how bad it will get. Of course, if the USA actually is perceived to solve some of its own debt crisis this month, like it is supposed to, this could result in a drop in gold prices. And if Europe comes up with a plan that people believe, especially if the Italian economy also holds up well, then interest rates that have soared will drop.

While Europe will have problems and ultimately must restructure (Revelation 17:11-13), the biblical reality is that US dollar will ultimately be worthless and the USA ultimately taken over because of its sins and debt–Europe, including Italy, will rise up for a while. Increased interest gold (and silver) suggest decreased interest in the US dollar. Of course, with the rapid rise in the price of gold in the past few weeks, it may go down–though I believe that after the US dollar is worthless, gold still will have value (Daniel 11; Revelation 18).

Of course, gold and an improved economy will not save humanity, only Jesus can do that, but it may be prudent for people to consider the signs of the times.

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?
Are You Saved? Do You Love Jesus? What is a True Christian? What is the Gospel? Evangelist Richard Ames answers those important questions.
Can the Great Tribulation Begin in 2011, 2012, or 2013? 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? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article 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 on this page on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”, based up an early 20th century writing.
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”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe?