Gold Prices Hit Another All-Time High

Gold prices vaulted past $3,250 per ounce on April 11 as intensifying United States-China trade tensions rattled global markets.

• Bullion has gained around 23 percent since January, as nations lose faith in the U.S. dollar as a long-term store of wealth.
• In 2024, central banks added more than 1,200 tons of gold to their reserves.
• ubs Group AG analysts forecasts that gold prices will hit $3,500 per ounce this year.

Dollar devaluation: Ninety-two years ago, on April 5, 1933, President Franklin Delano Roosevelt signed Executive Order 6102, requiring gold coins, bullion and certificates to be delivered to the federal government. This marked the beginning of the end of the gold standard.

On that fateful day, gold was worth $20.67 per ounce. Gold prices have increased 157-fold in nine decades as dollars have become less valuable.

God’s system: In his booklet The Wonderful World Tomorrow—What It Will Be Like, Herbert W. Armstrong used Haggai 2:6-8 to explain that under God’s economic system, the world will no longer be plagued by currency wars and turbulent bond markets. A fixed standard will be established so that the value of money will never change.

Government officials could set up such a system today if they were not so addicted to debt. But economic planners prefer to pay for things by creating money out of thin air. They refuse to use sound money.

To learn about God’s system, request your free copy of The Wonderful World Tomorrow—What It Will Be Like.