Gold reaches record high as markets stressed by banks and eurozone worries

Prophecy Sign: Gold and Silver would become hot commodities at the end-times, only to be cast into the street

Rising gold and silver prices are a very good indicator that jittery investors are fleeing the markets and looking for anything to squirrel away their wealth. It's also indicative that the health of the world economy is not good, and looking more and more like some serious economic hardships are fast approaching.

Unlike some other bible prophecy pundits, we have no advice as to the buying of gold and silver in these unsettled times. While in the short term having an investment in valuable metals may make some sense. In the very long term, for those unfortunate to be among the millions that will have to endure the Tribulation, God says gold and silver will be of no value to them what-so-ever.

They will through their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel 7:19 NIV

From the articles:

The spot price reached an all-time high of $1,603.40 at 12.50pm in London, as Italian and Spanish ten year bond yields also ticked-up back towards levels that forced Greece, Ireland and Portugal to ask for help. Italian and Spanish 10-year bond yields climbed above 6pc, edging closer to the 7pc mark that prompted its smaller euro partners to seek bailouts. “If we reach 7pc on Spain and Italy, we are probably approaching very quickly the point of no return,” Nicola Marinelli, a London-based fund manager at Glendevon King Asset Management, told Bloomberg.

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Gold surged to an all-time high above $1,600 an ounce Monday, extending a record rally as investors sought a safe haven on fears that U.S. lawmakers could fail to raise the debt limit, resulting in a default. Gold rallied even as the U.S. dollar strengthened, helping the precious metal hit record highs across a number of major currencies, namely euro, British sterling, South African rand and the Canadian dollar.

Gold reaches record high as markets stressed by banks and eurozone worries

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8644580/Gold-reaches-record-high-as-markets-stressed-by-banks-and-eurozone-worries.html

Gold Extends Record Rally, Jumping Above $1,600

http://www.cnbc.com/id/43788734

Price of Gold Hits Record High on Debt Fears

http://www.cbn.com/cbnnews/finance/2011/July/Price-of-Gold-Hits-Record-High-on-Debt-Fears/