Soaring gold prices are a bad omen for the dollar

Unheard.com: After the global instability which characterised 2024, there is widespread hope that this coming year will provide some much-needed respite from chaos. Investors seem to disagree, though, at least if we look at the asset everyone is talking about this January: gold. The consensus seems to be that gold will be a strong performer in 2025 just as it was in 2024 — which, implicitly, means investors are betting that many more global changes are afoot.

Gold started 2024 at $2046 per ounce. On 1 January this year, it was priced at $2622 — an increase of just over 28%. For context, in that same period the S&P500 index only saw total returns of around 25%. Even in a good year for the stock market, those who parked their money in gold found themselves laughing all the way to the bank.

Higher gold in 2025 is nothing short of a consensus trade. JP Morgan, Citibank and Goldman Sachs all have a price target of $3000, with commodities analysts citing lower interest rates, momentum, central bank-buying, and geopolitical turmoil. But, since the start of 2023, only the last two of these reasons have really driven the gold price.

The developments are linked: central banks are buying because the geopolitical climate is forcing them to diversify out of dollars, and gold has become a favourite means to do so. Read More…

Opinion: Before I get into what is taking place with gold, I want to make it clear that these developments are stealth in nature, meaning that while 95 central banks are busy with some level of involvement with digital money, all 95 continue to downplay their intentions.

In fact, the nations that are the furthest along the digital currency road reassure their citizens that they will be able to keep paper money along with the digital version, reminiscent of Barack Obama’s “if you like your doctor you can keep your doctor” which he knew was a lie.

Let’s review:

March 9, 2022: Executive Order 14067 let the world know that the United States, the lone world reserve currency, was looking into a digital dollar.

Since then, most central banks are quiet on the matter to keep the global economy from a full scale panic. You see when citizens in relatively free countries hear the dangers of digital money, there is immediate backlash.

 November 7 2024: During the BRICS Summit, Vladimir Putin displayed a mock-up of a possible gold-backed BRICS currency with a sly grin on his face.

A future gold-backed BRICS currency would explain Putin’s grin and Donald Trump’s threat to place 100% tariffs on Russia and China.

December 13, 2024 headline “India Preparing For A CBDC-Driven Economy says Central Bank Governor”:

On his last day as the governor of the Reserve Bank of India (RBI), Shaktikanta Das, whose central bank was one of the top 10 gold buyers in the world for 2024, shared his vision to transform India’s economy with a home-grown central bank digital currency (CBDC), the digital rupee.

Speaking about India’s progress in CBDC development, Das was very direct:

“As I see it, CBDC has a huge potential in the coming years, in the future. In fact, it is the future of currency.”

December 20, 2024: Britain Ponders Introducing Digital Pound by Worthy News:

Bank of England Governor Andrew Bailey let it be known that his financial institution is “reluctantly” preparing to create a form of digital money accessible to the general public.

Bailey said that the move is necessary as commercial banks “risk failing” to keep up with less-regulated tech firms.

Like the past 4 years in the US under a progressive democrat government, regulations are putting the brakes on economic growth, causing  government to literally make-up statistics then downgrade them in subsequent reports as the Biden admin did on employment stats for 4 years.

There is one stake in-the-ground truth that will never fail us. Our Bible prophesies that in the last days three money events will take place during the 42 month (3.5 year) reign of Antichrist.

• Revelation 13:5-6 – global hyperinflation
• Revelation 13:16-17 – the mark of the beast
• Revelation 18:11 – the collapse of the beast economic system

“And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore.”