There are numerous conspiracy theories about the fate of gold. One expert, Dr. Antal Fekete, an intellectual heavy-weight when it comes to monetary theory and the roles of gold, currently argues that almost half of all gold has been siphoned off into private hands over the past 50 years (meaning, moved outside the official monetary system.)[ii] At one point, gold was mainly in the possession of sovereigns, nation states and their central banks. Where did all this gold go? Who specifically accumulated these amounts? It could be wealthy individuals or simply many thousands of ordinary investors. Could this development play a role in the near future? Dr. Fekete claims that a similar phenomenon occurred in the latter stages of the Roman Empire, just before its collapse.
On this point, the Bible agrees. Man’s monetary systems will collapse. “[…] man will be brought low and mankind humbled. […] The LORD Almighty has a day in store for all the proud and lofty, for all that is exalted and they will be humbled […] for all the towering mountains and all the high hills, for every lofty tower and every fortified wall, for every trading ship. The arrogance of man will be brought low and the pride of men humbled.” (Isaiah 2:9, 12-17)