Gold breaks $4000 per ounce–one day the US dollar will be only worth the scrap value of the cotton paper it is printed on
(Grok generated photo)
Gold prices have exceeded US$4000 for the first time ever:
Why gold’s historic rally is about more than just Trump
The price of gold has soared 50 percent in 2025. Experts say the ‘safe haven’ asset is becoming an all-occasions asset.
October 8, 2025
The price of gold has soared to a historic high, crossing $4,000 per troy ounce (31.1g) as global investors have flocked to the asset over the past year. …
Much of the surge has been fuelled by United States President Donald Trump, who returned to the White House at the start of the year.
Gold prices rose sharply in April when Trump launched a trade war against much of the world, and it rallied again in August as the US president attacked the independence of the Federal Reserve – the US central bank.
In the face of so much uncertainty, many investors turned to more reliable assets, like gold. …
But Trump’s tariffs and battles against the Federal Reserve are not the only factors driving gold’s continued upward trajectory since then: Japan’s leadership election over the weekend, the US government shutdown, and a deepening political crisis in France following the resignation of Prime Minister Sebastien Lecornu have also contributed, say analysts. https://www.aljazeera.com/news/2025/10/8/why-golds-historic-rally-is-about-more-than-just-trump
Gold price reaches $4,000 an ounce for the first time ever
Gold prices hit $4,000 for the first time Tuesday as investors seek a safe haven from a weaker dollar, geopolitical volatility, economic uncertainty and stubborn inflation.
Gold futures closed at a record $4,004.40 per ounce, after hitting an intraday all-time high of $4,014.60. Prices have risen about 50% this year as the U.S. dollar index has dropped 10% and President Donald Trump upends the global trade system and threatens the independence of the Federal Reserve.
Central banks and retail investors are buying gold at a rapid pace. China and other countries are diversifying away from U.S. Treasurys and into gold after Washington imposed stiff sanctions on Russia over its invasion of Ukraine in 2022, and retail investors are looking for protection against inflation.The latest leg higher in the precious metal came after the Fed cut interest rates in September for the first time this year, making short-term debt instruments like Treasury bills less attractive to investors. https://www.cnbc.com/2025/10/07/gold-4000-record.html
Gold’s price rises and falls.
Yes, there are timing risks associated with purchasing gold.
But the fact is that central bankers around the world are concerned about Donald Trump’s statements, policies, and tactics, plus massive US federal government debt, and are, in the long run, “bullish” on gold. Recent price action has suggested that central banks are owning more gold than US Treasuries (https://www.ft.com/content/0dbc435d-7d7e-43d7-b730-b8ced4b1cba2).
There are many unintended consequences of Donald Trump’s statements and policies–the rise in the value of gold and the corresponding drop in the value of the US dollar are among them.
Notice something from my January 2025 book available at Amazon Kindle: Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? as well as Amazon print :
The USA dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …
European leaders have been working for years to establish a new reserve currency for the world, partially with the intent to remove the USA dollar from its current position as a reserve currency. …
Daniel 11 … 43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt; …
The “he” is the King of the North. This is the same King of the North that valued gold and silver in Daniel 11:38. Although other scriptures also show that gold and silver will have value around this time (like Revelation 9:20; 18:12,16), the Bible is clear that gold and silver will be worthless for a short time before Jesus returns (e.g. Ezekiel 7:19).
The fact that the King of the North himself will accumulate gold (and some silver) is consistent with several Byzantine (“Greek” Orthodox) prophecies of their predicted 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. 4th century): God will reveal to this king all the gold wherever it happen to lay concealed from view …[i]
One side note is that, in Egypt, major gold deposits were found in 2006 [ii] and the government announced increasing investment in gold mining in 2022. [iii] This is relevant as it does suggest that Egypt seemingly has enough gold that a foreign power could be interested in taking/using it as Bible prophecy teaches.
It may be of interest to note that back in the 1970s Europe was looking for a gold-backed currency.[iv] European central banks have, overall (there have been sales too by the European central banks), been accumulating gold since, and some in 2024 believe that the Europeans are still planning on having some type of gold-backing (or at least implied) of a European currency.[v]
Since many are now questioning the role of the USA 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.
In 2017, I also published that last statement in my book related to Donald Trump, and it did hit records in July and August in 2020. [vi] Now, despite having ups and downs, as well as records hit in 2024, gold will set further records in U.S. dollar terms in the relatively near future.
It has been asserted that:
The only replacement for fiat {currency} is a currency credibly backed by gold.[vii]
Although the above can be debated, the reality is after the elimination of the USA and the crash of its dollar, the world will want something more stable than unbacked currency. Thus, it is likely that some type of gold-backed currency will emerge as the preferred reserve currency in the world.
It has long been reported that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance.”[viii] Various steps were also taken in 2022 and 2024.[ix]
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 USA dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar or various other currencies.
Having the European power acquiring more gold to back the Euro or possibly another 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, even if the backing is only implied.
[i] Tzima Otto, pp. 76, 102, 114
[ii] A Gold Mine Worth LE 23 Billion (and counting). Egypt Today, August, 2006
[iii] Hosny H. Egypt to invest in gold, mineral mining. Al-Monitor, June 13, 2022
[iv] Nieuwenhuijs J. Europe Has Been Preparing A Global Gold Standard Since The 1970s. SeekingAlpha.com, July 16, 2020
[v] Nieuwenhuijs J. Europe Is Finalizing Preparations for a Gold Standard. ActivistPost.com, November 9, 2024
[vi] Gold hits new record, posts best month since 2016 CNBC, July 30, 2020; Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020
[vii] MacLeod A. Designing a new currency is impractical. Goldmoney Insights, March 24, 2022
[viii] Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016
[ix] Guistra F. Why the U.S. dollar will be replaced as the dominant global currency — sooner than you think. Toronto Star, July 5, 2022; Bezek I, Duggan W. De-Dollarization: What Would Happen if the Dollar Lost Reserve Currency Status? US News & World Report, November 2024
Since the above came out in mid-January 2025, gold has hit record prices in US dollar terms many times.
Remember, in my January 2025 book, , I stated that “gold will set further records in U.S. dollar terms in the relatively near future.” With at least 31 daily gold price highs since that book was published, that clearly has happened.
Things will NOT continue as they have been.
There are costs to US deficits, sanctions, tariffs, and bullying tactics.
As far as the USA dollar goes, it will collapse in value. It will actually be worth no more than the ‘cotton paper’ it is printed on or for sentimental or collector value.
We also made the following video related to gold this Fall:
Is World War Three coming soon? Changes in the world order are rare, history-defining events—with massive implications, both geopolitical and financial. Is owning gold by Christians for the unexpected as Joel Rosenberg has publicly stated or, perhaps, for those who believe biblical prophecies, for the expected? Will the US Dollar collapse? In a word, yes. Could the USA be the highly indebted nation that Habakkuk 2:6-8 refers to? WWIII will mean the end of the USA dollar when that nation is conquered per Daniel 11:39, whereas gold will continue to have value per Daniel 11:43 and the 18th chapter of the Book of Revelation. Prophecy indicates that the massive debt of the USA will result in the take over of the USA (Habakkuk 2). While gold will continue to have value after the destruction of the US Dollar, we should not put our confidence in either. Will gold one day be worthless? Put your confidence in God and His Word. Seek first the Kingdom of God (Matthew 6:33).
Here is a link to our video: WWIII, Gold, and the Collapse of the Dollar.
In April of 2021, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:
China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it look like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.
Here is a link to our video: Gold Backed Currency to Replace the US Dollar?
This will not end well for the USA (cf. Daniel 11:39; Isaiah 10:5-11).
The world is strongly looking at de-dollarization. While Donald Trump may have some temporal successes seeming to block this trend, it still will happen.
That said, although metals will have value after the USA dollar becomes worthless, remember to NOT place your confidence in the US dollar, democracy, the Euro, silver, or gold, but “seek first the Kingdom of God” (Matthew 6:33).
Some items of possibly related interest may include:
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What About Silver? 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 and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
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? Here is are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European? Here is a link to a related sermon in the Spanish language: El Fin de la Babilonia Europea.
The European Union and the Seven Kings of Revelation 17 Could the European Union be the sixth king that now is, but is not? Here is a link to the related sermon video: European Union & 7 Kings of Revelation 17:10.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. Here is a link to a related sermon in the Spanish language: ¿Deben los Diez Reyes gobernar sobre diez naciones? A related sermon in the English language is titled: Ten Kings of Revelation and the Great Tribulation.
Should a Christian Vote? This article gives some of the Biblical rationale on this subject. Would Jesus vote for president/prime minister? Is voting in the Bible? This is a subject Christians need to understand. A video of related interest is available titled: Should Christians Vote?
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. It is available in over 1,500 languages at ccog.org. Here are links to four kingdom-related sermons: The Fantastic Gospel of the Kingdom of God!, The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen. The link takes you to a book available at Amazon.com.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Kindle edition is available for only US$3.99. 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 Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies?
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