Post
Topic
Board Economics
Re: What is safe asset? And If USA dollar weakining what is Next Fiat?
by
Duzter
on 10/01/2020, 22:17:43 UTC
USA dollar weakining coz of war
So what is Next currency to use?
Its a euro?


And what is the safe asset? 
I Think its not Gold and its not Property either
Well if war is commencing then Euro will not be the best currency to rely on. As far as I know they don't have oil reserves on their own which is what supports most currencies nowadays. If anything, I think the next fiat after US dollars will be CNY because of how strong the currency has been going so far.
As of now China too is facing economic outburst due to trade war with USA, ad on other issues. Right now I find Japan to be the country with strong forward move in its economy. To what level this is right is unknown, but I find the Japanese Yen to be strong enough to move funds when there happens fall in USD and Euro.