KFLCC Kingdom Economics

Gold and Precious Metals in the Time of the End

a downturn, people invest in commodities such as gold because of stability and the increasing value of the metals. Currently much of the world is in geopolitical and economic upheaval. The Middle East seems to be unraveling. America is dealing with high and unsustainable debt, the European nations are in debt and turmoil, unemployment is high, and citizens are living with economic uncertainty. Banks and investors are using gold and silver as a safety net against inflation and the devaluation of fiat currency. Again, demand means gold prices rise. W HERE A RE G OLD AND S ILVER H EADED ? From a prophetic perspective, in the future the Biblical antichrist will seize control of Egypt, Libya and Ethiopia. The entire prediction reads, “ 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" (Dan. 11:43). The phrase, “treasures of gold and silver” implies the importance of these two precious metals in the time that the antichrist controls the Middle East. Why would the future Biblical antichrist desire the treasures of gold and silver? Based on prophetic and practical evidence, let us assume that the antichrist will have an Islamic background. Then we need to understand that Muslims, especially in the Arabian Peninsula, Middle East and Indonesia, invest heavily in gold. This precious metal is very important in Islamic apocalyptic tradition. The Haddith , an Islamic book that provides much information about Mohammad, the founder of Islam, mentions a statement that someone overheard Mohammad saying: “... he heard the Messenger of Allah say: A time is certainly coming over mankind in which there will be nothing (left) which will be of use save the dinar.’” (Imam Ahmad ibn Hanbal) Some Islamic commentators believe that paper currency will fail and the only money used in the last days will be the dinar, which is the currency of ten Islamic countries (Algeria, Bahrain, Iraq, Jordan, Kuwait, Libya, Macedonia, Malaysia, Serbia, Tunisia). In early Islamic history, a gold coin was minted called the dinar. After the collapse of the Ottoman Turkish Empire in 1924, there was a lapse in the Islamic currency as many Muslim-dominated countries began accepting the currency of Western nations. This included the British pound and the American dollar. Several years ago an Islamic group in West Malaysia began minting a gold dinar. Meetings have been conducted in Egypt and Arabia to discuss the need for

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