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The Manipulation of The World Gold Market & A Biblical Perspective.

Basic facts of the gold market prove that there is collusion and manipulation to keep the price of gold artifically low.  These world events shed some light on specific Bible prophesies regarding gold that seem on the surface to be conflicting and contradictory.  But the short selling of gold by gold hoarders and world governments fulfills Bible prophesies, as I will show.  Although, at this point, it is difficult to prove massive short selling (the much bandied about 14,000 tonnes figure) we can prove market manipulation that supports such allegations.  First, the facts of world events.

There are about 125,000 tonnes of gold in the world; ($1000 Billion @ $250/oz). The bank of England has 715 tonnes, or $5.9 billion @ $257/oz.  Every day, 2300 tonnes of gold ($25 Billion) @ $340/oz. are sold back and forth on the world market--the dollar/oz being higher because of futures contracts.  Every year, 2500 tonnes of new gold comes out of the ground and are sold into the world market.  The bank of England is selling 415 tonnes over the course of the next year.  This sale of 415 tonnes of gold, or, rather, the announcement of it, has been the primary cause, as reported by the popular press, of bringing the price of gold down from $288-290 an ounce to $260 an ounce over the last month.  I say 'primary cause' because as reports come in of the "stalled" IMF and Swiss sales, the price has inched slightly higher.  Does this make sense?

 Should .3% of someting (England's 400/The World's 125,000) affect that something by 10%?  Imagine if the Fed increased the money supply by .3%, and inflation raced along at 10% in a month!  Instead, in the real world, the Fed increases the money supply by 10% a year, and inflation is 2%!!  Going by how dollar inflation works, the .3% of "new gold" from England should affect the gold market by 1/5th of that, or .06% per year, or .005% a month.  In other words, if the gold market moved like the market for dollars, the price of gold would should drop .005% in a month, or go from $290 to $289.98 in a month in light of England's announcement.

Let me put it another way.

There are 1,250 pennies held by children in a small classroom.  (300-350 of those pennies are held by the Central Banks of Nations) If, in the classroom you imagine, there are a 100 kids, the total is 12.5 pennies each.  If 30 kids, 41 pennies each, and so on.

Every day, a few popular kids swap about 23 pennies back and forth, making over 8000 penny trades each year.  Every year, 25 new pennies are brought into the classroom by the teacher, to add to the One Thousand, Two Hundred and Fifty held by everyone, and every year, about 35 pennies are purchased, not by the popular kids doing the daily trading, but by those kids who rarely (if never) trade them back to the rest.

There is a kid off in the corner (England) with a very tiny stash of 7 pennies (out of the 1250 in the classroom) who just about never trades pennies.  He announces to the classroom that he's going to sell 4 pennies over the course of the next year to the class.

There is another shy kid (Swizerland) with 20 pennies, who says that if his mom (the public) lets him and she's never let him before when he's asked, (and the kid also just received a note from her that he can't sell any pennies at all--the public's vote is 5:2 against the sale), he'll sell 13 of his pennies to the class.

There is another kid, more bold than those two (IMF) who says he'll sell 3 pennies to the class, and use the proceeds to help out the poor kids who owe pennies to the rest, if his dad (the U.S.) lets him.  Dad's trying to figure out what to say right now, but is thinking about saying no, since it won't make any difference to the poor kids, and might even hurt them.

There is a fourth kid, (Russia) who sold all of his pennies when he went bankrupt, who luckily always gets one penny from the teacher when she gives out the annual penny rations, who says he's going to try to hang on to his penny this year.

In a "panic", because of the possible one-time annual sale of 4 + (probably not 13) + (probably not 3) +/- 1 into the classroom that has an annual shortfall of 10, the children who do the bulk of the 23-penny trading each day, 8000 per year, suddenly tell the rest of the class that all the pennies in the classroom are not worth 12 and a half bucks, but rather, only 11.25.

If you believe that 4 affects 8000, and that an "oversupply" of 4 can lead to a magic devaluation of at least 125 pennies ($290 to $260 is a loss of $30, or, over 10%), then you believe that England's proposed sale (and the stalled Swiss and IMF sales) can affect the price of the gold supply of the world as it has in the last month as reported by world press.

THIS DOES NOT ADD UP!  It is a lie that 4 can affect 8000 by 10% in open markets!

In short, if the world gold markets, as reported by the mainstream press, do not make sense, you should begin to identify who the children are that are trading those 23 pennies each day, who are pretending that the pennies do not have the value that they really do.

So then, I have proven that the gold market is being manipulated.  I have not proven nor identified the manipulators, although most gold bugs suspect that it is central banks, and/or governments in on this scam.

Many people on gold forums have commented that there is a 'short position' of about 14,000 tonnes of gold on the world market, more or less.  There is only about 30,000 tonnes of gold held by the central banks of governments.  That sounds like 1/2 of their gold has already been sold out from under them.

It appears that they have tried to use short sales of gold to keep the price of gold artifically low, so that their counterfeiting schemes of creating paper money would go unnoticed.  The leasing of gold to gold producers has been their way to achieve temporary (for 20 years) fiat money success.

Now, the Bible offers some advice about owning gold in the 'last days'.  On the surface, it appears as if it both condems and recommends holding onto gold.  But looking deeper, and with understanding of the current world situation in the gold markets, it all makes sense...

[Jas 5:1] Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
[Jas 5:2] Your riches are corrupted, and your garments are motheaten.
[Jas 5:3] Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
[Jas 5:4] Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
[Jas 5:5] Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.

How can gold canker?  How can gold rust?  How can the rust of gold be a witness against someone?  How is the hire of laborers kept back by fraud?  How do riches become a wanton pleasure?

Only through the gold leases and fiat money and taxation.

Picture this:  A central bank has 715 tonnes of gold.  It leases out 400 tonnes, and realizes it will never be able to get them back because other central banks have done the same thing to artifically depress the gold price and create such a large short position (14,000 tonnes, when the annual supply is 2500 tonnes) that to repay would take 5.6  years of gold mining supply.  The gold is, in effect, 'rusted away' and when the price rises, it will not save them.  In fact, for these money-makers, the rise of the price of gold will destroy them.

Now I understand the Bible prophesy against them, and the Bible's recommendation to buy actual, physical metal makes perfect sense...

[Rev 3:18.6] I counsel thee to buy of me gold tried in the fire, that thou mayest be rich;

If we look at this AMAZING prophesy from Revelation in context, and it makes it all even clearer...

[Rev 3:14] And unto the angel of the church of the Laodiceans write; These things saith the Amen, the faithful and true witness, the beginning of the creation of God;
[Rev 3:15] I know thy works, that thou art neither cold nor hot: I would thou wert cold or hot.
[Rev 3:16] So then because thou art lukewarm, and neither cold nor hot, I will spue thee out of my mouth.
[Rev 3:17] Because thou sayest, I am rich, and increased with goods, and have need of nothing; and knowest not that thou art wretched, and miserable, and poor, and blind, and naked:
[Rev 3:18.6] I counsel thee to buy of me gold tried in the fire, that thou mayest be rich;

Most Biblical scholars say that the Church of Laodiceans is a message to Americans in the 'last days' --TODAY, who have so much material wealth, but are so lukewarm with their Christianity.

Yes, it is true that Americans have among the highest standard of living in the world.  Yet, the dollar, like the ruble, the yen, the real, the peso, and all the rest is backed by nothing.  People are blind and do not realize how poor they are when trusting fiat money.

On the one hand, the Bible condemns those 'rich men' who have hoarded gold and silver.  On the other hand, it recommends that we actually buy the actual physical metal if we wish to be rich.  Only in today's manipulated gold market does the condemnation and advice of the Bible regarding gold make sense.

Some followers of the 'price' of gold have commented that it is at a 20 year low. In fact, if you use inflation adjusted dollars, it's really at a 27 year low.  You have to go back to 1972 to buy gold as cheaply as you can get it today.  That was right after Nixon refused to let forigners redeem their paper money in the yellow metal for $35.  That was the last and final gold default since the 1933 devalutation and confiscation of the great depression. In short, the last time gold was this "cheap", it was illegal to own it in the U.S.

Use the inflation calculator at
http://www.jsc.nasa.gov/bu2/inflateCPI.html
and kitco's 1833-Present - Avg. yearly prices (check the box and hit submit) at
http://www.kitco.com/gold.londonfix2.html

I believe only the Bible can make predictions this accurate regarding world events, and the timing of them.  I believe that only God can direct world events to ensure that His preditions come true.

I do not know if, in the short term, gold will go down in price to as low as $150 an ounce or lower.  But this I know; in the long run it appears as if it will be worth more than it is today....

Unless and until...!

The Antichrist sets up his economic system.  The Bible says that he will control the gold and silver...

[Dan 11:43.10] But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.

The AntiChrist also enforces a 'mark of the beast' world economic system that identifies every man on earth who wishes to buy and sell.

[Revelation 13:16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:   [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. (666)

From my readings, it seems as if the Antichrist rises on the back of economic chaos, and that he comes with the answer to world problems.  A rise in the price of gold would cause such ecnomic chaos, and I see the Antichrist's solution being the implantable microchip.

You see, after economic chaos, it appears as if the value of gold will temporarily skyrocket until it is controlled and outlawed when the Antichrist sets up his world economic system.

[Ezek 7:19] They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

[Mat 6:24] No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.

But let me come back to the recommendation in Rev 3:18 again...

[Rev 3:18.6] I counsel thee to buy of me gold tried in the fire, that thou mayest be rich;

The most amazing thing of all is that there are numerous reports of gold being found in Church services across the world.  There are reports of gold teeth and gold dust appearing on people's hands and faces while worshipping Christ.  Perhaps this is the spiritual application of Rev 3:18, that is forshadowing the real world fulfillment of a skyrocketing valuation of gold?