What does the United States, Germany, the IMF, Italy, France, the Russian Federation, China, Switzerland, Japan, India, The Netherlands, Turkey, the ECB, Taiwan, Kazakhstan, Portugal, Uzbekistan, Saudi Arabia, the United Kingdom, Lebanon, Spain, Austria, Poland, Belgium, the Philippines, Algeria, Venezuela, Thailand, Singapore, Sweden, South Africa, Mexico, Libya, Greece, Korea, Romania, Iraq, Egypt, Arab Republic, Australia, Kuwait, Indonesia, Brazil, Denmark, Pakistan, Argentina, Qatar, United Arab Emirates, Belarus, Finland, Cambodia, Jordan, Bolivia, Bulgaria, Malaysia, Serbia, Peru, Slovak Republic, Hungary, Ukraine, Syrian Arab Republic, Morocco, Ecuador, Afghanistan, Nigeria, Kyrgyz Republic, Bangladesh, Cyprus, Curaçao and Sint Maarten, Mauritius, Czech Republic, Ghana, Mongolia, Paraguay, Tajikistan, Republic of Myanmar, Guatemala, North Macedonia, Tunisia, Sri Lanka, Latvia, Nepal, Ireland, Lithuania, Colombia, Bahrain, Kingdom of Brunei Darussalam, Mozambique, Slovenia, Rep. of Aruba, Kingdom of the Netherlands, Bosnia and Herzegovina, Albania, Luxembourg, Hong Kong SAR, Iceland, Papua New Guinea, Trinidad and Tobago, Haiti, Yemen all have in common?
As of April, 2021, they all collectively and officially owned 35218.6 tonnes of physical gold (World Official Gold Holdings published by the World Gold Council).
“Why are all these countries holding pet rocks?” ask the crypto currency bulls. “Bitcoin is better. Dogecoin is going to the moon. You’re wasting your time with gold,” they say. They laugh at people like me, calling us gold bugs. A friend of mine often says, “We’ll see who has the last laugh.”
There’s no doubt that a digital dollar or one-world digital currency is coming in the future, but this new monetary system is not going to be composed of some liberal group of cryptocurrencies or Bitcoin. Bitcoin is a fiat currency, and debt destroys fiat currencies. All crypto CURRENCY is fiat because it’s not backed by anything but feelings. Take a look at the world debt clocks which are constantly growing. How does one or thousands of cryptocurrencies solve this problem? These cryptos are claiming financial alchemy, and by the way, what an awful word (crypto). Like a lot of things out there, they are snake oils, bought low and sold high by crafty con men. Gold, on the other hand, cannot be made by man or printed. It’s not even created by the earth and has been money for 5000+ years. Mysteriously, it comes from exploding stars.
I invite you to read a short essay, The Biblical Case Against Inflation, where I learned the truth about God’s money and monetary system. This truth is built on the idea that real money is measured by weight in either gold, silver, copper or brass. See Genesis 37:28, Jeremiah 32:9, II Samuel 24:24, I Chronicles 21:25, Zechariah 11:12, Matthew 26:15; 27:3, Matthew 10:9 for a few examples. Initially, you might think this is an antiquated practice because that’s how we are taught to see things, from a vantage point of digital privilege, but the gold reserves held by the nations are wealth that has been transferred from generation to generation through the ages. Gold is not an antiquated practice; it is a spiritual economic truth.
First of all, the entire banking system is built on lending and borrowing. If this lending-borrowing process didn’t exist, I’m not sure we’d have an economy. Anyway, weight can be collateralized because it is material, physical matter, and cannot be created out of thin air. As long as there’s a need for the material, its weight can be converted to something financial. You can get a mortgage to buy a material house. The house is then put up as collateral against your loan. If you don’t pay your mortgage, the bank takes your house. It’s true that nowadays banks also accept non-material assets as collateral: treasury bonds, corporate bonds, stocks, etc. But this is a very bad idea at the end of a long-term debt cycle. Storing your wealth in another person’s extreme unpayable liability is risky. You could lose all.
This brings me to an equally important point. Precious metals take physical labor to extract and refine. The vaults full of gold, guarded by the nations, represent their collective-national-historical labor translated into wealth, generation after generation. Through the weight of precious metals, the value of one’s physical labor has historically been stored and used to exchange for goods and services at a later time. The gold you hold today may be gold that was extracted thousands of years ago. In this sense, gold is timeless. While the dollar has lost tons of value since I was a little girl, gold has gained tons of value. Labor is mathematically calculated and stored in gold when you buy it, and exchangeable for the value of someone else’s labor (physical or non) when you or your great grandchild sells a hundred years later. It is because of corrupt currencies that the dollar loses value and gold gains it.
Printing dollars and giving them away, and spending dollars to buy digital codes (where the “buying” drives the price up and makes people rich) has nothing to do with labor. It has nothing to do with production of goods and services. Eventually, there is too much paper currency chasing too little physical labor, too few goods and services, and we begin to see shortages. Those shortages then drive prices up, trying to bring currency and labor back into balance. It’s very disruptive and painful, making some people richer and the vast majority poorer. Prices climb steadily until one day they grow exponentially, and the value of the currency goes to zero. Throughout history, gold has always been the accountant for currency. It has survived thousands of failed fiat currencies that have been used to brutally manipulate and abuse the lending and borrowing process.
Think about an unhealthy marriage. It can last for a very long time, and it can appear like it’s working well from an outsider’s point of view. All the while, it’s broken and insufficient for the well being of the individual parties who grow more toxic and start doing more toxic things. That’s what has happened in the financial system; it has become filthy, dirty, and toxic. The dollar was made to be an IOU, as you can see in the photograph below, but it was cleverly removed from real money and attached to debt. This was man trying to be God. And we all know what happens when man’s games go too far.
Real money is kept in vaults by the United States, Germany, the IMF, Italy, France, the Russian Federation, China, Switzerland, Japan, India, The Netherlands, Turkey, the ECB, Taiwan, Kazakhstan, Portugal, Uzbekistan, Saudi Arabia, the United Kingdom, Lebanon, Spain, Austria, Poland, Belgium, the Philippines, Algeria, Venezuela, Thailand, Singapore, Sweden, South Africa, Mexico, Libya, Greece, Korea, Romania, Iraq, Egypt, Arab Republic, Australia, Kuwait, Indonesia, Brazil, Denmark, Pakistan, Argentina, Qatar, United Arab Emirates, Belarus, Finland, Cambodia, Jordan, Bolivia, Bulgaria, Malaysia, Serbia, Peru, Slovak Republic, Hungary, Ukraine, Syrian Arab Republic, Morocco, Ecuador, Afghanistan, Nigeria, Kyrgyz Rep, Bangladesh, Cyprus, Curaçao and Sint Maarten, Mauritius, Czech Republic, Ghana, Mongolia, Paraguay, Tajikistan, Republic of Myanmar, Guatemala, North Macedonia, Tunisia, Sri Lanka, Latvia, Nepal, Ireland, Lithuania, Colombia, Bahrain, Kingdom of Brunei Darussalam, Mozambique, Slovenia, Rep. of Aruba, Kingdom of the Netherlands, Bosnia and Herzegovina, Albania, Luxembourg, Hong Kong SAR, Iceland, Papua New Guinea, Trinidad and Tobago, Haiti, and Yemen. These physical gold reserves are there to protect the nations against the failure of currency, and the failure of a system built on fiat.
Let’s do some good old fashioned Biblical calculations to figure out the real value of these gold reserves. It’s a little complicated, and not exact, but we can get a ballpark range by dividing the world’s gold reserves by the world’s debt. If 1 tonne = 1000kg = 32150 troy ounces, then 35218.6 tonnes of physical gold is 1,132,265,130 troy ounces. At the end of 2020, the world’s debt was around $281 trillion. If we divide $281T by 70,437.200, we get $248,175.08 per troy ounce. Did I do that math correctly? Seems unreal, but isn’t that where the crypto bulls were saying Bitcoin is going? If something that is nothing can go from $1 to $60,000+, what is gold going to do when currency falls apart? And it will fall apart. $248,175.08 is the collective fair value of gold if we were to switch back over to a world gold standard today, and that’s why gold is going much much higher.
You can dream about everyone operating in a speculative world of crypos that aren’t based on lending, borrowing, or exchange of labor, or you can get real and look at facts, and prepare yourself and your family accordingly. Today’s price in gold is what? Just $1897 per ounce! Look behind the curtain, folks! Now let’s take just the US gold reserves and the current US debt and see where gold falls on the dollar scale. The US has 8133.5 tonnes of gold in reserves and $28,000,000,000,000 in debt. That’s 261,492,025 troy ounces of gold. Now divide 28T by 261,492,025, and you get $107,077.83 per troy ounce. That’s the minimum fair value of gold in the U.S. where the dollar is the world reserve currency. While difficult to foresee how exactly these calculations will shake out and be divided among the nations, count on gold going anywhere from $107,077.83 to $248,175.08 PER OUNCE!
This is precisely why gold is God’s money. It can’t be cheated or gamed or printed, because it’s real, it’s material, it’s rare, it takes serious labor to extract and refine. God loves truth, and that’s why God loves gold. Without corruption, gold can be used to establish the perfect financial system. If you believe in the new modern monetary theory and cryptos, you’re following the wrong spirit, the one that lives off greed, deceives and destroys, while pretending and making everybody think that it’s God. I don’t really care if you like gold or not, that’s the only truth we have in the world monetary system. That’s what 100+ nations have when things fall apart. Anyone who thinks the nations will abandon their gold for a digital code that is built on speculation and nothing more than empty narrative is wrong. Instead, the nations will create their own digital currency and back it by real assets already in storage.
There are 441 references to gold in the Bible (NIV).
Gold is first mentioned in Genesis 2:11 “The name of the first is the Pishon; it winds through the entire land of Havilah, where there is gold.”
It must have been really important to mention here in just the second chapter.
Second mention, Genesis 2:12. “The gold of that land is good; aromatic resin and onyx are also there.”
Its essence is good, because it’s truth, it can’t be printed, made by man, or manipulated, and in English there’s only one letter which separates God from gold.
Third mention, Genesis 13:2. “Abram had become very wealthy in livestock and in silver and gold.”
Gold is one aspect of wealth. Silver is another. Not stocks and bonds and currency and codes, which can all be manipulated and cheated by man. Not to mention, those digital numbers can disappear before you blink.
Forth mention, Genesis 24:22 “When the camels had finished drinking, the man took out a gold nose ring weighing a beka and two gold bracelets weighing ten shekels.”
How did he pay for the water? Yes, we see the Biblical principles of sound money as early as Genesis.
As Bruce Springsteen once said, “Blind faith in your leaders, or in anything, will get you killed.” Faith is only meant for God, and currency is only meant for gold in a world where it’s already real money.