Gold hits another record: US dollar is no longer the ‘gold standard’
Gold and Euro notes (Pixabay photo)
The German news agency, Deutsche Welle, reported the following:
Gold surges to record high as central banks turn from dollar to bullion
2 September 2025
A historic price for the world’s oldest safe-haven asset signals waning confidence in the dollar and mounting pressure on the Fed.
Gold jumped to a record $3,508.50 (€3,015.08) an ounce on Tuesday, fuelled by expectations of a US Federal Reserve rate cut and mounting uncertainty for investors.
The precious metal is seen as a haven for investors, with demand for it surging when trust in the stability of paper currencies or financial markets dips.
Earlier this year, gold prices surged when US President Donald Trump announced a raft of controversial tariffs against other countries. …
Dollar is no longer the ‘gold standard’
The rise in gold prices has come as part of a multiyear rally for precious metals.
Central banks from Asia to the Middle East have been accelerating their purchases for the fourth year in a row, adding a powerful tailwind to prices, with predictions being that at least 1,000 metric tonnes of gold will be purchased by governments for their gold reserves.
The move reveals a decreasing reliance on the US dollar at a time when Washington’s fiscal trajectory and political battles are clouding its standing as the world’s reserve currency.
A survey of 73 central banks conducted by the World Gold Council revealed that 95% of them are expected to increase their gold holdings over the next 12 months, while nearly three-quarters of them are anticipated to shrink their dollar reserves. …
De-dollarisation will hurt the world’s most reliable currency
For much of modern history, most national currencies were tied directly to gold …
in 1971 when the US deficit and inflation drained gold reserves, … President Richard Nixon ended dollar convertibility … Now, US policies are once again influencing the gold-buying habits of central banks, https://www.euronews.com/business/2025/09/02/gold-surges-to-record-high-as-central-banks-turn-from-dollar-to-bullion
Gold’s price rises and falls. And the price of gold may drop as the following warns:
Can the Gold Rush Continue? Warning Signs for Investors
The yellow metal has been on a tear, but caution may be warranted.
September 2, 2025
Gold has been seemingly unstoppable since November 2022, when it hit its lowest level in the postpandemic era. Since then, the yellow metal has more than doubled in price …
Surging gold prices have been driven by two main factors. Central banks have traditionally leaned heavily on the US dollar as a reserve asset partly because of the size and strength of the US economy, as well as the belief that the creditworthiness of US Treasuries is rock-solid. With the national debt continuing to balloon, that perception has shifted a bit, and many central banks around the world have been on a quest to “de-dollarize” their reserve assets. Instead of dollars, they’ve been aggressively buying up gold.
Second, gold is traditionally viewed as a safe haven during periods of macroeconomic uncertainty. …
Can gold’s bull run continue? It depends. Any continuation in aggressive central bank purchases and/or macroeconomic uncertainty would be positives, as would a potential decline in interest rates. Lower interest rates are typically helpful for gold prices because they reduce the opportunity cost of holding gold instead of fixed-income securities. A continued decline in the dollar could also be a tailwind, as gold has historically had a fairly strong negative correlation with the dollar.
However, those factors may not be enough to offset the potential risk now that gold is trading at such a pricey level. Academic researchers Campbell Harvey and Claude Erb have found that, over time, gold prices tend to revert to the mean. When gold is trading at elevated prices in inflation-adjusted terms, prices have often declined in subsequent periods. That happened in 1980, when steep prices were followed by a long period of sluggish returns during most of the following decade. The same pattern showed up when the real price of gold reached a peak in August 2011, which was followed by a sharp downturn from 2013 through 2015.
Given this pattern, it’s probably not the ideal time to buy gold when it’s already trading near an all-time high. https://www.morningstar.com/alternative-investments/warning-signs-gold-rush
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, are, in the long run, “bullish” on gold.
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; also the Libyans and Ethiopians* shall follow at his heels.
* Note: The Hebrew word is כשׁים kushı̂ym, meaning Cushites, like from Sudan, and is not specifically a reference to the land of Ethiopia.
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. The last time being today.
Things will NOT continue as they have been.
There are costs to US deficits, sanctions, tariffs, and bullying tactics.
This will not end well for the USA (cf. Daniel 11:39; Isaiah 10:5-11).
Do 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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