Comment by Adamantine:
This post is to discuss a variety of topics that you are unlikely to ever hear discussed in church or Bible study. I am also presenting personal experiences from prayer which may be entirely bogus. Such is the attempt to deal in spiritual things which may be too easily made mistake and confusion from.
On July 14, 2007 it was observed that Gold was at 666.00, silver also closed at 13.13 and platinum at 1313. The numbers are highly charged with meaning in Biblical numerology.
The EU marched its troops down the streets of Paris on July 14,2007 in a display of the power of the world’s first non imperial empire. The event hence was an oxymoron to accompany the comment by EU commission president E. Barroso of July 10, 2007 that the EU was “the world’s first non imperial empire.” It was a “non empire” which nevertheless desired to exalt in a display of its military power.
I observed the events of the day and thought it possibly signaled the beginning of the EU empire’s rise to replace the US as hegemonic power particularly in the world of finance. The dollar was to be replaced and subsumed in some new world economic system to be controlled from Europe. I also was of the opinion that gold would rise in price. This week it did triple in price to 1800 dollars before backing off. I do not know where the price will go but would like to extend a guess. Consider the following scripture:
They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling block of their iniquity.
What happens to gold?
their gold shall be removed
What happens to silver?
They shall cast their silver in the streets
In 1933 in the midst of economic crisis the US government confiscated the gold of its people.
The order was justified on the grounds that hard times had caused “hoarding” of gold, stalling economic growth and making the depression worse. The New York Times, on April 6, 1933 p. 16, wrote under the headline “Hoarding of Gold,” “The Executive Order issued by the President yesterday amplifies and particularizes his earlier warnings against hoarding. On March 6, taking advantage of a wartime statute that had not been repealed, he forbade the hoarding ‘of gold or silver coin or bullion or currency,’ under penalty of $10,000 fine or ten years imprisonment or both.”
The right to own gold was not returned to the US until the 1970’s!
In China it has been illegal to own gold until 2009.
Australia part IV of the Banking Act 1959 allowed the Commonwealth government to seize private citizens’ gold in return for paper money where the Governor-General “is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth.” As of January 30, 1976, this part’s operation is “suspended”.
It is beyond the scope or purpose of this commentary to prove that in most of the world the government will if it is felt needed outlaw the private ownership of gold.
We have historical precedent and law which show that this may occur again.
We see from scripture that the day is coming in the end times when gold will be removed. Silver will also be illegal as a means of exchange but it is too abundant to confiscate and in addition it has industrial usage. I strongly suspect that the only one who will be removing gold will be governments worldwide who will be removing gold from personal accounts to place in the treasury of that country.
Prediction: If we are in the end times we may expect a worldwide currency crisis which will make individuals not trust governments and paper currency. They will flee to gold and silver.
The governments will respond as they always have and confiscate the gold for their own treasuries. “Gold will be removed”. Currency will be reintroduced as a controlled electronic system backed up by gold held by nations. Only nations will ever exchange gold. The book of Daniel speaks of the Antichrist rewarding his minions with traditional wealth. The common person I suspect will be forced to accept electronic controlled wealth for buying and selling. In the end all people great or small will be using something that can be controlled and monitored. It will not likely be gold as that has always been the method for the individual to escape from the machinations of foolish and profligate governments which debased currency.
I would not expect such changes to occur until gold rises to an extent that those holding gold are accused of hoarding gold. The governments and peoples of the world will be angry with those who may have profited by what will then be called “wind fall profits”.