{"id":53721,"date":"2019-03-14T15:00:54","date_gmt":"2019-03-14T23:00:54","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=53721"},"modified":"2019-03-14T05:54:30","modified_gmt":"2019-03-14T13:54:30","slug":"ditching-the-dollar-china-on-gold-buying-spree-romania-repatriating-gold","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/ditching-the-dollar-china-on-gold-buying-spree-romania-repatriating-gold\/","title":{"rendered":"‘Ditching the Dollar: China on Gold-Buying Spree’ & Romania repatriating gold"},"content":{"rendered":"

\"\"<\/em><\/p>\n

COGwriter<\/a><\/p>\n

China has continued to increase its gold reserves:<\/p>\n

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Ditching the Dollar: China on Gold-Buying Spree in Shift Away From Greenback<\/h2>\n<\/div>\n
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The People\u2019s Bank of\u00a0China (PBoC) has boosted its gold reserves, having bought some 32 tonnes of\u00a0the precious metal in\u00a0the past\u00a0three months.<\/p>\n<\/div>\n

According to the PBoC, it increased its gold reserves by 10 tonnes in February, following the acquisition of 11.8 tonnes in January and 9.95 tonnes in December, thus bringing overall holdings to 1,874 tonnes, or 60.26 million ounces.<\/p><\/blockquote>\n

Before China went on\u00a0a gold-buying spree in\u00a0December as\u00a0part of\u00a0the country\u2019s strategy to\u00a0shift away from\u00a0the US dollar, the PBoC hadn\u2019t reported an uptick in\u00a0its holdings for\u00a0over two years. The official figures persisted from\u00a0October 2016 and November 2018.China\u2019s move towards\u00a0stockpiling comes amid\u00a0similar efforts by\u00a0world central banks to\u00a0move away from\u00a0the greenback. In January, China had the sixth largest gold reserves in\u00a0the world, slightly lagging behind\u00a0Russia. https:\/\/sputniknews.com\/business\/201903131073188157-china-buying-gold-ditching-dollar\/<\/a><\/p><\/blockquote>\n

Russia has also been increasing its gold reserves (see Russia Buys 300,000 Ounces Of Gold In March \u2013 Nears 2,000 Tons In Gold Reserves<\/a>). Russia and China continue to work to be in a position to help dethrone the USA dollar.<\/p>\n

They, and many other nations, are looking into ways to bypass the US dollar. Last year, Turkey’s President proposed the use of gold instead of the USA dollar to the International Monetary Fund (see Turkey repatriates gold and denounces US dollar dominance<\/a>). The populous and economic powerhouse China has also taken various financial and other steps (watch also US Dollar being challenged by Gold-Petro-Yuan<\/a>). There is also movement towards the Euro. Part of the intent of the Euro was to become the world\u2019s dominant reserve currency. And while it is not ready for that yet, the Europeans still expect that to happen.<\/p>\n

Speaking of Europe, Romania has proposed repatriating its gold. Notice the following:<\/p>\n

According to international reports, Romania is the latest nation that wants its gold back. Romania’s Social Democrat Party (PSD) leader Liviu Dragnea and PSD senator Serban Nicolae have proposed legislation that requires the National Bank of Romania (BNR) to hold most of its gold reserves domestically.<\/p>\n

A description of the bill posted on the Senate\u2019s website said: “The National Bank of Romania can deposit gold from the established reserve abroad exclusively for the purpose of obtaining income through trading and other specific operations. The gold deposited by the National Bank of Romania abroad cannot exceed 5% of the total gold reserve.\u201d<\/p>\n

While the central bank does keep some gold in its vaults in Bucharest, the majority of gold is held in the United Kingdom with the Bank of England. https:\/\/www.kitco.com\/news\/2019-02-28\/Romania-Proposes-to-Repatriate-95-Of-Its-Gold.html<\/a><\/p>\n

The proposed legislation has been filed for debate in the Senate under urgent procedure. https:\/\/www.kitco.com\/news\/2019-02-28\/Romania-Proposes-to-Repatriate-95-Of-Its-Gold.html<\/a><\/p><\/blockquote>\n

Notice something also from last March:<\/p>\n

March 13, 2018<\/p>\n

\u2013 Hungarian National Bank (MNB) to repatriate\u00a0100,000 ounces gold from Bank of England<\/strong>
\n\u2013 Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil<\/strong> \u2026<\/p>\n

This is not an unusual move. In recent years we have seen the likes of Germany, Venezuela and the Netherlands each repatriate their gold from various locations. … Gold gives each of these countries\u00a0independence from the US dollar amid financial sanctions, trade wars and ongoing posturing by the West.<\/p>\n

Whilst many in the West are dismissive about gold, the behaviour of central banks suggests quite a different mindset. \u2026<\/p>\n

Gold cannot be devalued as the euro, dollar, sterling and all fiat currencies currently are. \u2026<\/p>\n

By adding gold to their reserves they are gaining equal footing with Western banks who have so far tried to dominate under a US-centric financial system. https:\/\/www.zerohedge.com\/news\/2018-03-13\/hungarys-gold-repatriation-adds-growing-protest-against-us-dollar-hegemony<\/a><\/p><\/blockquote>\n

Partially because of nationalism, partially because of Brexit, partially because of sanctions threats, and partially because of moves to not be as dependent upon the US dollar, various nations have been repatriating and\/or increasing gold reserves.<\/p>\n

While the Bible does NOT show that China or Russia will be the premier trading nations during the Great Tribulation, the Bible does show that gold will have value during that time:<\/p>\n

40 “At the time of the end … 43 He shall have power over the treasures of gold and silver (Daniel 11:40,43)<\/p>\n

14 … And the wealth of all the surrounding nations
\nShall be gathered together:
\nGold, silver, and apparel in great abundance. (Zechariah 14:14)<\/p>\n

12 … merchandise of gold and silver, precious stones and pearls … 16 … ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:12, 16)<\/p>\n

4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls (Revelation 17:4)<\/p><\/blockquote>\n

There are no similar statements backing up the future value of paper items, like the US dollar or the British pound (scripture, indirectly, teaches their elimination, for details see Anglo – America in Prophecy & the Lost Tribes of Israel<\/a>).<\/p>\n

Daniel 11:24 shows that the European leader mentioned in Daniel 11:40-43 (the King of the North<\/a>) will somehow also be accumulating wealth prior to this time, and that may involve gold accumulation (cf. Daniel 11:38). Perhaps to back up a European supported currency, he also may end up with personal and\/or national gold reserves and\/or wealth from the Vatican. The Vatican has a vast amount of wealth and is prophesied to be improperly involved with the kings of the earth in the end times per Revelation 17.<\/span><\/p>\n

The Bible teaches that in the end time, the highly indebted nation will be taken over (Habakkuk 2:2-8)–no nation is more indebted than the USA–and on a per capita basis, the UK is one of the most indebted. They will be taken over and conquered during the Great Tribulation<\/a> (Matthew 24:21; Daniel 11:39; watch also Do these 7 prophesies point to the end of the USA?<\/a>).<\/p>\n

Increased USA debt, combined with gold accumulation by various nations, points to economic disaster in the USA’s future (cf. Habakkuk 2:6-8).<\/p>\n

The USA dollar, instead of being the world’s premier currency, will be worth no more than the scrap\/sentimental value of the cotton-paper its notes are printed on.<\/p>\n

China, Russia, and Europe are taking steps.<\/p>\n

We are getting closer to the start of the Great Tribulation (see also When Will the Great Tribulation Begin?<\/a>) and final time of the Gentiles<\/a> that Jesus spoke of (Matthew 24:21; Luke 21:24).<\/p>\n

Gentile nations are taking steps that the Anglo-American nations will one day regret.<\/p>\n

Some items of possibly related interest may include:<\/em><\/a><\/p>\n

The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?<\/a> 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? A video of related interest may be: Germany, Gold, and the US Dollar<\/a>.
\nUS Dollar being challenged by Gold-Petro-Yuan <\/a> The US dollar has been the world\u2019s primary reserve currency for decades. Is this about to change? What is going on with the Chinese yuan and oil and gold? What do the BRICS nations want? What did Venezuela do? Do the Europeans want to dislodge the US dollar as the world\u2019s primary reserve currency? Does US debt play any role? Does the Bible tell us what will happen to the USA and its dollar? What happens if the USA loses its status? Will gold outlast the US dollar? Dr. Thiel addresses those issues and more in this video.
\nGentile Cryptocurrency Proposal <\/a> Two Russian leaders have called for a BRICS-wide and\/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
\nThe End of US Dollar Dominance<\/a> Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan<\/a>.
\nUSA in Prophecy: The Strongest Fortresses<\/a> Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does.<\/span> A related sermon is titled: Do these 7 prophesies point to the end of the USA?<\/a>
\nWho is the King of the West?<\/a> Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: \u00bfQui\u00e9n es el Rey del Occidente? \u00bfPor qu\u00e9 no hay un Rey del Occidente en la profec\u00eda del tiempo del fin?<\/a>
\nAnglo – America in Prophecy & the Lost Tribes of Israel<\/a> Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) 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 Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-Am\u00e9rica & las Tribus Perdidas de Israel<\/a>. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter?<\/a><\/span> and British are the Covenant People<\/span><\/a>. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?<\/a>
\nWill the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves?<\/a> Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? 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? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? <\/a> Here is a related item in the Spanish language \u00bfSer\u00e1n divididas las naciones anglosajonas?<\/a>
\nBritish are the Covenant People <\/a> What do \u2018British\u2019 and \u2018Britain\u2019 mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
\nWhen Will the Great Tribulation Begin? 2019, 2020, or 2021?<\/a> 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? Here is a version of the article in the Spanish language: \u00bfPuede comenzar la Gran Tribulaci\u00f3n en 2018 o 2019? \u00bfEs el Tiempo de los Gentiles?<\/a> You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives<\/a> and Can the Great Tribulation begin before 2020?<\/a> A shorter and newer video is: Might the Great Tribulation start in 2019?<\/a>
\nThe Times of the Gentiles<\/a> Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles<\/a>.
\nArmageddon<\/a> Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon<\/a>. Other videos include:\u00a0Armageddon Will it come on Trump’s watch?<\/a>, Iraq, Armageddon, & Prophecy<\/a>, Freemasonry, Armageddon, and Rome<\/a>, Is China paving roads to Armageddon?<\/a>, and Jordan, Petra, and Armageddon<\/a>.<\/span>
\nEuropa, the Beast, and Revelation<\/a> Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about \u201cthe Beast\u201d? Is an emerging European power \u201cthe daughter of Babylon\u201d? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?<\/a>
\nEuropean Technology and the Beast of Revelation<\/a> Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation<\/a>.
\nMust the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations?<\/a> 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. A related sermon is titled Ten Kings of Revelation and the Great Tribulation<\/a>.
\nWTO\/TTIP and the Babylonian Beast<\/a> Will international trade agreements like WTO\/TTIP\/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power<\/a>.
\nSpiritual Samaritans: Old and New<\/a> Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria<\/a><\/a>.
\nChina, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters<\/a> Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel. Here is a link to a version of this article in Spanish: \u00bfPrueban los caracteres chinos la exactitud de la Biblia?<\/a>
\nChina, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China<\/a> When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
\n Asia in Prophecy<\/a> What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?<\/a>
\nThe Eurasian Union, the Kings of the East, and Bible Prophecy<\/a> Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?<\/a>
\nRussia and Ukraine: Their Origins and Prophesied Future<\/a> Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy <\/span><\/a>and a video sermonette available: Ukraine in Prophecy?<\/a>
\nIs Russia the King of the North?<\/a> Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North? <\/a>
\nEzekiel 38: For Russia & Iran in Our Day?<\/a> Is Ezekiel 38 about to be fulfilled? A related video is available titled Ezekiel 38: For Russia, Ukraine, & Iran Now?<\/a> Another could be Russia, Iran, Syria, & the Bible (Code)<\/a>.
\nDonald Trump in Prophecy<\/a> Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic?<\/a> and Donald Trump’s Prophetic Presidency<\/a>.
\nTrump Presidency Magic 8 Ball or Bible Prophecy?<\/a> BBC<\/em> reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
\nDonald Trump and America\u2019s Apocalypse<\/a> This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America\u2019s Apocalypse<\/a>.
\nDonald Trump and America\u2019s Apocalypse-Kindle Edition<\/a> This electronic version of the 188 page print 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 \u0019s Free<\/strong> Reader Apps<\/a>. After you go to for your free Kindle reader and then go to Donald Trump and America\u2019s Apocalypse-Kindle Edition<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

COGwriter China has continued to increase its gold reserves: Ditching the Dollar: China on Gold-Buying Spree in Shift Away From Greenback The People\u2019s Bank of\u00a0China (PBoC) has boosted its gold reserves, having bought some 32 tonnes of\u00a0the precious metal in\u00a0the past\u00a0three months. According to the PBoC, it increased its gold reserves by 10 tonnes in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53721","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t