Gold Standard Dropped 40 Years Ago, Today, But Gold Up
The 220 kg Gold brick displayed in Taiwan
Forty-years ago today, the USA dropped the connection between its dollar and gold. Some have wondered if that is a factor in the current economic woes:
40 years after US stopped using it to back currency, it trades at record highs in part due to economic fears.
Gold has increased in value much more than the official government inflation rates since the USA detached its dollar from any type of gold standard. The price 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), but gold was up the last time I looked today.
The idea of gold could be accumulated to back 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 beginning to happen now.
The financial world is somewhat starting to understand some of this–but few really know how bad it will get. The biblical reality is that US dollar will ultimately be worthless and the USA ultimately taken over because of its sins and debt. 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), for a while.
But the real problems that the US was causing forty-years ago had to do with increased public acceptance of sin. Homosexuality was just starting to sometimes be portrayed as “normal” on prime-time television then. Also, US States were increasing starting to legalize abortions then. These and other sins are what really brought on debt and the economic crises:
43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed, because you did not obey the voice of the LORD your God, to keep His commandments and His statutes which He commanded you (Deuteronomy 28:42-45).
The un-linking to gold, while a factor in the current economic crisis, is simply not the root cause (though it has helped many weather this current storm).
Of course, gold 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? 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 2012 libro del Dr. Thiel en Español.
2012 und das Auftreten der geheimen Sekte (German Edition) 2012 Buch von Dr. Thiel in deutscher Sprache.
2012 e o Surgimento da Seita Secreta (Portuguese Edition) 2012 livro do Dr. Thiel em português. Este livro documenta e explica centenas de profecias. E desde que foi publicado pela primeira vez, pelo menos 14 já começaram a acontecer.
2012 e o Surgimento da Seita Secreta (Brazilian Portuguese Edition) 2012 livro do Dr. Thiel. Edição em português do Brasil. Este livro documenta e explica centenas de profecias. E desde que foi publicado pela primeira vez, pelo menos 16 já começaram a acontecer.
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