The latest round of “quantitative easing,” known as QE3, is affecting some gold traders:
Gold could hit an all-time high of $2,400 by next summer, driven up by a third round of quantitative easing in the US. The first round of QE in February 2009 caused the gold price to increase rapidly from a base of $900/oz – from which it has never looked back. http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9587117/QE3-could-push-gold-up-to-2400oz.html
Why would QE3 raise the price of gold? Basically, because the USA simply electronically prints up multiple billions of dollars without producing any goods or services. Hence there is simply more money for the same amount of goods. Since there is not more gold because of QE3, this makes US dollars less valuable and gold, therefore, more valuable.
Those of you who have my 2009 book 2012 and the Rise of the Secret Sect or more recent book Barack Obama, Prophecy, and the Destruction of the United States will realize that I have written that because of devaluation of the US dollar that gold will be considered more important.
Biblical (Daniel 11:40-44) and non-biblical prophecies point out that the final leader that the Bible calls the King of the North will value gold.
Notice a quote from Barack Obama, Prophecy, and the Destruction of the United States:
It seems since many are now questioning the role of the U.S. dollar as the world’s reserve currency, more are looking into other currencies as well as gold. Gold will set records in U.S. dollar terms. When the U.S. dollar totally collapses people all around the world will consider that even if the Euro (or something similar) is strong, having a more gold-backed currency would be safer. The collapse of the U.S.A. dollar will shake a lot of the world’s confidence in non-gold backed currencies.
Having the European power acquiring a lot more gold to back the Euro (even if the backing is only implied) or possibly other future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe.
The financial policies of the Obama Administration (which are a massive acceleration of the previous policies of the Bush Administration) are heading the world into the direction that something other than the U.S. dollar will be valued as its reserve currency. (Thiel B. Barack Obama, Prophecy, and the Destruction of the United States. 2012 Edition 1.1, p. 133)
QE3 may lead to the first confirmation of the bolded statement above.
The world is changing and those that believe that the USA and its currency will remain on top are in error.
Some articles of possibly related interest may include:
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?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something?
When Will the Great Tribulation Begin? 2012, 2013, or 2014? 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? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000?
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 related to 2012. The book contains documented prophecies as well as an end time sequence of events that Christians should study and understand. Including the role of gold, food shortages, Western nation problems, etc.
2012 und das Auftreten der geheimen Sekte (German Edition) 2012 Buch von Dr. Thiel in deutscher Sprache.
Barack Obama, Prophecy, and the Destruction of the United States This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about Mitt Romney. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic, Catholic, Kenyan, and other America-Related Prophecies? What About Mitt Romney?
Barack Obama, Prophecy, and the Destruction of the United States–Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon’s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States–Amazon Kindle edition.)