Gold Seen as a Currency Hedge as it Hits New Record
The 220 kg Gold brick displayed in Taiwan
The price of gold rose to over USD$1370 per ounce today. The Wall Street Journal had the following:
PRECIOUS METALS: Gold Breaches $1370, Seen As Currency Hedge
NEW YORK (Dow Jones)–Gold futures settled above $1370 for the first time Wednesday as heightened expectations of Federal Reserve money printing and wider-reaching concerns about global monetary easing increased the metal’s allure as not only a dollar hedge but also a broader alternative currency.
The reality is that I warned that gold would be seen as a currency hedge in my book as the dollar became worthless. Sadly, this is happening relatively quickly as gold only hit the high of $1340 per ounce 8 days ago (see 2012 and the Rise of the Secret Sect).
I based this upon various biblical prophecies that related to the descendants of Israel as well those related to an end time highly indebted peoples.
Silver is also up. For the more current price of gold and silver, please simply click on the following link titled Financial Information (which is also always at the side of this news page). Of course, many commentators have pointed out that it is not so much that gold and silver are up, but the value of the US dollar is down.
As far as metals go, while what goes up can come down (and some believe the election in the USA may cause the dollar to gain), the reality is that even if gold and silver tank (and they may or at least drop at times), the Bible shows that they will have value into the great tribulation (cf. Daniel 11:40-43; Revelation 18) while the US dollar will not (cf. Habakkuk 2). The financial world is starting to understand some of this–but few really know how bad it will get.
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?
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?
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