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http://money.cnn.com/2011/04/25/markets/silver_gold_prices_record/index.htm
NEW YORK (CNNMoney) -- Silver prices have doubled during the past six months, and are now within spitting distance of $50 an ounce, a key level for the precious metal.
Early Monday morning, silver prices surged 8% to $49.82 an ounce. That was just shy of the $50.35-an-ounce intraday record hit in January 1980, but higher than the all-time high closing price of $48.70 per ounce set 31 years ago.
I speculated last week that the successful overthrow of Mystery Babylon might be foreshadowed by $50 silver, since Medo-Persia is biblically described as "arms of silver."
On Monday silver shot up 8% to $49.82 before dropping back. It is now holding at $47.
When it closes the day past the $50 mark, it will most likely be a very important indicator that we will mark on our calendars. It is interesting that on the Monday after the wave-sheaf offering this year, the price came within a whisker of $50. It may be that the Babylonians will renew their fight to keep it under $50 for the next month, and that it will pass that threshold at the time of the Second Passover next month.
It was reported last December that $50 silver would cost JP Morgan $4 billion. The price has virtually doubled in the past 6 months, making it one of the best investments of the year so far.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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