Is the paper market about to break because of physical demand? Some have said we would first see a disconnect between the paper price and the physical price. This clearly happened for silver during the summer of 2020. Those same people said we would then see tremendous demand for physical, but that it would become difficult to obtain. It would appear we are now seeing this happen.
If these be the times, some believe that gold and silver will play an important rule during the Tribulation period. For example: Ezekiel 7:19 says: ""They will throw 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."
On the Day of the Lord, gold and silver will be worthless, but this passage can be interpreted that gold and silver is important just before the Day of the Lord. Currently, the world financial system runs on fiat money, money not backed by anything. The USA has been off the gold standard since 1971 and took silver out of coinage in 1965, and since we have the World Reserve Currency we essentially took the world off of the gold standard at that time. Some historians say that the world has not been fully on a gold standard for 300 years. According to the Basel III Banking Accord, gold (and silver) will be reintroduced into the world financial system, possibly as early as June 2021.