Deborah (11 March 2007)
"re: Get cash out? liquid? Gold/Silver?"


Get cash out? liquid? Gold/Silver?"
 
http://www.fivedoves.com/letters/mar2007/marciam310.htm


Marcia,
 
I'm not sure but I think you might be referring to the prophecy made by David Wilkerson ten or more years ago.  See the link below for this:
 
http://www.fivedoves.com/letters/mar2007/deborah37.htm
 
If this is the one you were thinking of, David Wilkerson says to notice when countries start defaulting on their international loans.....and basically their economies collapsing.  David said to particularly keep an eye on Mexico.....that was why I posted the news article about Mexico teetering on collapse.
 
For this prophecy, David Wilkerson said that there would be a "bank holiday" where the banks would close their doors and turn off their ATMs, so you cannot get any cash for weeks.....possibly months.  So if you see Mexico collapse.....it will be in the news, David Wilkerson says to go drain your bank accounts and get your cash out.  Of course if everyone did this, it would actually CAUSE a run on the banks.  Banks never have enough money to pay everyone off all at once.  So when they run out of cash "reserves", they have to close their doors.
 
Of course there is an additional problem with this.  Most likely if such a profound event happened in the U.S. the U.S. dollar will fall in value......and eventually become worthless.  So this is why Investment Advisors recommend that people purchase hard assets like Gold or Silver.  You can look in your local yellow pages for a coin dealer near you and trade your U.S. dollars for gold or silver coins.  Then put them in a safe place.  (Don't put them in a safe deposit box.....because if the banks close their doors, you will not have access to your safe deposit boxes either.)   If the U.S. dollar collapses Gold and Silver will maintain their value.....and will most likely go up in value during such a crisis.
 
Having said that, if such a sequence of events occurs, ....hmmm....would my local grocery store accept gold or silver coins?  They wouldn't do it now, because they are not equipped to know the value of these coins, only paper money value.  But would they then?  I "guess" so.  But we are talking about a major crisis here. 
 
Gold and silver have been upticking quite steadily for the past few years.  If there is a war in Iran.....expect gold and silver to go up dramatically......but keep watching the value, because after the crisis is over, if "worst case scenarios" don't pan out, investors will start dumping their gold and silver and these items will go down in value.....quite abruptly.  There are various websites on the internet that post daily rates of Gold and Silver.
 
Also, in the above worst case scenario that David Wilkerson is prophesying, expect real estate values to plunge as well......further than they have already.  People will default on their mortgages and banks will foreclose and dump the properties on the market, where there are not takers, so the values plunge even further.  So even if you don't have a mortgage on your property and are able to hang on to your property through this, it will be worth a lot less after the crisis........because everything will be worth a lot less, if their are not buyers.
 
I hope all this makes sense.
 

Steve Quayle's World: It's a Blast! <<<<Here is one website you can try for more information on this subject....he is a Christian. 


Note: This prophecy of David Wilkerson's is old......at least 10 years old, maybe more.
David Wilkerson does not believe in the Rapture and is preparing his followers to go through
and endure the full Wrath of God. So, keep this in mind for some balance. There have been
TONS dire prophecies made by a lot of Christians over the years. I personally suspect that if
they are true, they are prophesying about terrible events which we know will occur during the
Great Tribulation / Wrath of God. We know that the 4 horsemen of the apocalypse include
warnings about economic collapse, famine, disease, etc. They ride right in the beginning. So
we have noted here on Five Doves that the signs of the rapture are impending, it also means
that the last dreaded week of Daniel's prophecies is also on the threshold. Bottomline? I
wouldn't lose sleep over this prophecy. But because this prophecy has no date by which it is
suppose to be fulfilled.....if it is truly from the Lord, it could happen before the rapture......it
will absolutely happen when the 4 horsemen ride. But the U.S. did have a bank holiday in
1929/1932. That was before the rapture. So I think it is wise to just watch events.....if they
start happening as David Wilkerson has prophesied, then take action. Its always good to have
a good stock of food stored for your family in case of a disaster of any kind, when access to
food stores is not possible for whatever reason.......big bags of rice, beans, etc.....things with a
long shelf life.