Gold Hits Record High Against Euro and Swiss Franc

The 220 kg Gold brick displayed in Taiwan

A reader forwarded me the following today:

Gold Rebounds on Demand for Alternative to Holding Currency

Bloomberg – April 27, 2010

Gold futures rebounded in New York, heading for the third-straight gain on demand for an alternative to holding currencies…

Gold priced in the euro and the Swiss Franc rose to records, while the metal priced in sterling neared an all-time high.

“Gold is trading more like its own currency,” said Matt Zeman, a metals trader at LaSalle Futures Group in Chicago. “Every time there is a dip in prices, jittery investors come in and buy gold.” http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/04/26/bloomberg1376-L1JKYI1A74E9-2.DTL

Gold is mentioned in one of the earliest chapters of the Bible (Genesis 2:11) and as part of the wealth of Abraham (Genesis 13:2).

Both biblical and Catholic prophecy suggest that gold will be valuable in the latter days.

First notice what the Bible teaches about the end time King of the North:

³⁸—he {the King of the North} shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. ³⁹ Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory…43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; also the Libyans and Ethiopians shall follow at his heels (Daniel 11:38–39a,43).

The fact that the King of the North will accumulate gold is consistent with several Byzantine (“Greek” Orthodox Catholic) prophecies of their expected Great Monarch:

Emperor Leo the Philosopher (died 912): You will amass gold…And you will be the leader of the surrounding nations…

Addressed to Emperor Manuel II Palaeogous (died 1425): The Emperor…will discover gold and silver…

Saint Andrew Fool-for-Christ (c. 4^th century): 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. Verenikia Press, Rock Hill (SC), 2000, pp. 76, 102, 114)

Roman Catholics (and others) may wish to consider that those last three predictions sound a lot like a prophecy from one of their saints about Antichrist:

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, Edward. Prophecy for Today. Imprimatur + A.J. Willinger, Bishop of Monterey-Fresno; Reprint: Tan Books and Publishers, Rockford (IL), 1984, pp.73.74).

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 that one Catholic prophecy 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. Also notice what a Catholic priest declared:

Priest S. Berry (20th Century): The great harlot sitting upon many waters is Rome holding sway over many nations that share in her corruption and infidelity to God…The harlot wears a mantle of purple and gold, an emblem of the imperial power possessed by Rome as capital of the world…Through her power and riches, Rome leads other nations to worship Antichrist and imitate her own immoralities...(From Interpretation of the Apocalypse, quoted in Culleton, The Reign of Antichrist, pp. 207,208).

Thus, many realize that gold will be valuable in the end-times and that it will likely be used by the Beast and Antichrist powers (666) to corrupt humans.

Lest any feel that gold is a completely safe and permanent investment, it needs to be understood that at some point in time it will be considered less than worthless. It also has had major pricing variations and can go down in value (as it has many times). Furthermore, governments (including that of the USA) have be known to confiscate gold in times of crisis.

And while the prophecies about the King of the North support the idea that gold will be valuable towards the beginning of the great tribulation (and Revelation 18:12 shows that it will be valuable throughout most of the great tribulation), the following verse shows that sometime towards the end of that (during the Day of the Lord), gold (and silver) will be less than worthless:

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).

This may be because gold and silver can store nuclear radiation better than many other substances. Hence after nuclear attacks they may be so unsafe to hold that people will get rid of them. Plus even if that is or is not the case, food will be a such a premium in certain places that so-called precious metals will not be precious enough to exchange for something to eat.

There will be more problems, but it is not gold or silver that will ultimately deliver humans:

16 How much better to get wisdom than gold! And to get understanding is to be chosen rather than silver.17 The highway of the upright is to depart from evil; He who keeps his way preserves his soul (Proverbs 16:16-17).

¹ Come now, you rich, weep and howl for your miseries that are coming upon you! ² Your riches are corrupted, and your garments are moth-eaten. ³ Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days (James 5:1-3).

We need to understand that we should be striving for the kingdom of God:

19 “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; 20 but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also.

22 “The lamp of the body is the eye. If therefore your eye is good, your whole body will be full of light. 23 But if your eye is bad, your whole body will be full of darkness. If therefore the light that is in you is darkness, how great is that darkness!

24 “No one can serve two masters; for either he will hate the one and love the other, or else he will be loyal to the one and despise the other. You cannot serve God and mammon.

25 “Therefore I say to you, do not worry about your life, what you will eat or what you will drink; nor about your body, what you will put on. Is not life more than food and the body more than clothing?…

32 “For after all these things the Gentiles seek. For your heavenly Father knows that you need all these things. 33 But seek first the kingdom of God and His righteousness, and all these things shall be added to you. 34 Therefore do not worry about tomorrow, for tomorrow will worry about its own things. Sufficient for the day is its own trouble (Matthew 6:19-26,32-34).

It is not gold or riches, but Jesus who can save us from the wrath to come:

…wait for His Son from heaven, whom He raised from the dead, even Jesus who delivers us from the wrath to come (1 Thessalonians 1:10).

And while gold will ultimately outlast the US dollar as valuable (and will be accumulated by the coming European power), right now it is likely to have ups and downs. But it will not go down as much as the US dollar will by the start of the Great Tribulation.

Several articles of related interest may include:

Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? When does the six thousand years of human rule end?
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?
Some Doctrines of Antichrist Are there any doctrines taught outside the Churches of God which can be considered as doctrines of antichrist? This article suggests at least three. It also provides information on 666 and the identity of “the false prophet”. Plus it shows that several Catholic writers seem to warn about an ecumenical antipope that will support heresy.
The Antichrist Quiz Do you really know much about the Antichrist?
Two Horned Beast of Revelation and 666 Who is 666? This article explains how the LCG views this, and compares this to Ellen White.
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?
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? True religion should be based upon the true gospel.
Are You Saved? Do You Love Jesus? What is a True Christian? What is the Gospel? Evangelist Richard Ames answers those important questions.