Monday, September 29, 2008

September 27th sale of 24-karat gold suspended by US Government! Not a good sign!

I researching gold prices because the price should drop a little when this new bailout passes. Turns out that as of yesterday you can only buy foreign gold bullion because the US has suspended the production and sale of gold bullion coins. During the great depression you were required to turn in all your gold to the US government which may be the next step if your gold is registered. One of the predictions is that after the bailout passes Gold bullion should drop by about $100 to about $780 an ounce (per coin) for a while, then if the bailout doesn't work (should know in about 2 months) money loans will tighten up and prime interest rate will rise to 18-20% like in 1980.  Businesses will start to fail like crazy and people will rush to pull all there money out of the banks which will finally cause the stock market to crash hard and maybe as much as in 1929 November 13th when the DOW lost 89% from its high value falling from 294 points to just 41 points and a loss of 30 billion dollars. In todays money based on the value of gold which was $20 an ounce in 1929, today $900 an ounce. With Wall street now leveraging every investor dollar at 30 to1 the market stands to lose about 30 billion X 5000 dollars, or 150,000000000000 or 150 trillion dollars. That means the DOW would have to drop from todays 11,000 points to 1,200 points. Finally the dollar would de-valuate  against Gold because the dollar is no longer backed by gold like it was in 1929 because we sold 90% of what was in Fort Knox. Now the dollar is just backed by trust, but not trust in God anymore as printed on the face. So if wall street collapses gold should initially rise to about $2500-$6000 an ounce against the dollar at least initially until the world wide depression kicks in and then gold should fall like a rock and only food and water will have value.,5143,700262127,00.html
Yup,  the writing on the wall is becoming more and more definitive with respect to bible prophecy which claims that most true believing Christians are to receive the ultimate bail out before the great globule catastrophe that is coming upon the whole world known as  "The Great Tribulation".

(Matthew 24:21-22) For then there will be great tribulation, affliction, distress, and oppression, such as has not been from the beginning of the world until now--no, and never will be again.  And if those days had not been shortened, no human being would endure and survive, but for the sake of the elect (God's chosen ones) those days will be shortened.
"However, no one knows the day or hour when the
se things will
happen, not even the angels in heaven or the Son himself.  Only the Father knows. "When the Son of Man returns, it will be like it was in Noah's day.  In those days before the flood, the people were enjoying banquets and parties and weddings right up to the time Noah entered his boat.  People didn't realize what was going to happen until the flood came and swept them all away. That is the way it will be when the Son of Man comes. "Two men will be working together in the field; one will be taken, the other left. Two women will be grinding flour at the mill; one will be taken, the other left. "So you, too, must keep watch! For you don't know what day your Lord is coming. (Matthew 24: 36-42)
Even though no one knows the exact day or hour, Christ said Christians will know when the time is near.
(1 Thessalonians 5:3-5) While people are saying, "Peace and safety," destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape. But you, brothers, are not in darkness so that this day should surprise you like a thief. You are all sons of the light and sons of the day. We do not belong to the night or to the darkness.

Heaven or Hell eternally? Life abundantly in Christ or horrible tragedy to self, the free choice is yours alone....
(Revelation 7:8-10) I saw a vast crowd, too great to count, from every nation and tribe and people and language, standing in front of the throne and before the Lamb. They were clothed in white robes and held palm branches in their hands.  And they were shouting with a mighty shout, “Salvation comes from our God who sits on the throne and from the Lamb!”  “These are the ones who died in the great tribulation. They have washed their robes in the blood of the Lamb and made them white. “That is why they stand in front of God’s throne and serve him day and night in his Temple.  And he who sits on the throne will give them shelter. They will never again be hungry or thirsty;  they will never be scorched by the heat of the sun.  For the Lamb on the throne will be their Shepherd.  He will lead them to springs of life-giving water.  And God will wipe every tear from their eyes.” (Revelation 7: 14-17)