What is safe asset? And If USA dollar weakining what is Next Fiat? - page 2.

veleten

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Quote from: sujon5 on January 11, 2020, 01:42:07 AM

One of the world biggest economy is Chinese one => Yuan is fiat currency of the future. And moreover China is going to launch Digital Yuan

China is going to be the dominating power in the years to come , true
but the problem with Yuan is that you cannot buy/sell it freely and it is not accepted at every corner like USD
as for any state sponsored digital coin I'd think twice before buying it
any centralized crypto like XRP is not a cryptocurrency but a controlled emission of fiat money in a digital form from a certain entity

sujon5

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One of the world biggest economy is Chinese one => Yuan is fiat currency of the future. And moreover China is going to launch Digital Yuan

RealMalatesta

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I do not really know which fiat is the best option, but based on a research I once did, the Norwegian krone is considered the fiat with the sturdiest fundamentals. If you compare it with other currencies that I have seen in the comment section like the British pounds, Japanese yen, euro, Canadian dollar, Singapore dollar and the rest, you will see that there are things that makes it safe in terms of global crisis.

To compare all these currencies we would start with their Central bank capital ratios, which Norway Central bank is among the highest with around 23%, above the others I have mentioned. If you talk about debt, their government has zero net debt, unlike the US government that owes a lot. So, don’t you think it should be your next choice?

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Quote from: CarnagexD on January 10, 2020, 10:55:06 AM

Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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.

veleten

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Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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

you cannot really predict the best store of value , since if you are holding just one asset it is always a risk of it going down
I suggest you create your usual basket of 4-5 currencies and 2-3 assets and share your investment equally between them all
and why not gold or property? some property is making huge ROI , 100-200% in five years is not something unusual
you can always hodl bitcoin , for example or create the said currency basket out of the cryptocurrencies of your choice
while way riskier than fiat/assets , it can also gain you way more
bitcoin has made 9000000% return since the start , nothing can beat that

CarnagexD

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Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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.

bobitza

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Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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

In each country, the assets that are valuable in that country are also different. It could be US dollars, gold, euros or diamonds. Currently many countries around the world use legal money. Most countries around the world use fiat money to buy goods and services, invest and save. Fiat money has replaced the gold standard and other commodity-based systems in establishing the value of fiat money.

daarul50

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Quote from: bitbunnny on January 09, 2020, 11:08:23 AM

Quote from: bering on January 09, 2020, 10:50:06 AM

Dollar weakining because of war seems you were really expecting war happened between Iran and US but i think if supose can it should can be avoided because i'm sure the war between them will have bad impact for world economies so let's hope this won't be happen however regarding the questions actually i was expect bitcoin can appears as dollar replacement but seems it won't be happen and maybe the best next currency after dollar is euro

Of course that war should be avoided on all means not just because of possible weakining of economies but that might be the trigger for next world war and that might be the end of the world we know it.
Dollar will not get in worse position then it is now and I don't think that any currency will replace it, especialy not cryptocurrencies. However, I think that Euro is very good, stable and reliable fiat currency, maybe even better then dollar.

when european countries get involved in the war , don't you think the euro currency will be just the same as us dollar? in term situation i don't think there is a currency-switch in the near future, it is still uncertain whether the war could spread around the globe or simply stopped in few days lol.

the uncertainity always become the factor of the market overreacted .

us still strong & dominant and will always be like that for now.
that is just a flash drop due war occured, everything will get recovered, too early to say dollar will get replaced.

blckhawk

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Just curious, why is Gold or property not a good store of value? Property price is appreciating over time, since the population increases and/or the demand for more land space is increasing too. Gold is also a good one, since it has been existing for thousands of years and the world has been on numerous world wars, while this commodity remained to be valuable.

AniviaBtc

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Quote from: Sadlife on January 04, 2020, 07:15:15 AM

There's no safe asset everything is at risk in having a recession just like what happened in the great depression where the cost of living was very expensive because of the USD collapsing. All we can do is migrate to a different investment to avoid loss, like for example gold its the only asset that doesn't have any huge volatility or bitcoin and crypto currency with innovative technology but has huge volatility.

Probably, all of the coins are not that safe to hold and you're not certain that its price will increase as time goes by. Because the best example of that is bitcoin, it is not certain to make you rich in 3 or 4 years. Maybe after 8 to 10 years its price reach $10k or up but that's still not sure. So if you invest for something, you should accept and take a risk that the day will come when you will loss everything or make a profit out of it.

SquallLeonhart

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Does anyone consider Yuan to be really strong? That is something I always wondered, I mean we all know that China is a strong nation but they are strong because people need them and not because they like them. For example if given the option half of the world would love to live in Europe, or UK or even maybe USA for some people, however I am not entirely sure if people would prefer to live in China over where they live now, sure people in Yemen might, but not many nations, just maybe 5-10 people.

All due to china right now basically killing, raping, harvesting organs of Uighur turks right now, and making people work so hard that people die of starvation and business runs as usual like nothing happened. So we have a nation with a strong business and currency that is hated, does that make the currency strong or weak?

bitbunnny

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Quote from: bering on January 09, 2020, 10:50:06 AM

Dollar weakining because of war seems you were really expecting war happened between Iran and US but i think if supose can it should can be avoided because i'm sure the war between them will have bad impact for world economies so let's hope this won't be happen however regarding the questions actually i was expect bitcoin can appears as dollar replacement but seems it won't be happen and maybe the best next currency after dollar is euro

Of course that war should be avoided on all means not just because of possible weakining of economies but that might be the trigger for next world war and that might be the end of the world we know it.
Dollar will not get in worse position then it is now and I don't think that any currency will replace it, especialy not cryptocurrencies. However, I think that Euro is very good, stable and reliable fiat currency, maybe even better then dollar.

Eclipse26

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There will be no war so don't expect that dollars will get weak. They are still far leading compared to other currency. And would the government even let their dollars get weak?? Of course not! They'll be spending a lot if war might happen so I don't think they will let that.
And those top developed and strong countries can be next with America when it comes with their currency.

bering

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Dollar weakining because of war seems you were really expecting war happened between Iran and US but i think if supose can it should can be avoided because i'm sure the war between them will have bad impact for world economies so let's hope this won't be happen however regarding the questions actually i was expect bitcoin can appears as dollar replacement but seems it won't be happen and maybe the best next currency after dollar is euro

sisule

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Quote from: Aying on January 09, 2020, 04:21:47 AM

Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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

War of everything is a main reason why all currencies may lost its value not just usa dollar, if this will happen I think crypto might be the next currency will be use because its a neutral and no government will own it like bitcoin. so crypto is the best safe asset to hold because we didn't know in future many things will change and crypto will remain as main usable in any transaction.

War can destroy economic crisis and make many people have ready with most danger at the future, war Iran and United State hope can be stop for awhile and both countries will keep peace. USD will have bad effect if keep continue war whit Iran because USD can have lower price whit many countries not support with war condition.

Aying

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Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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

War of everything is a main reason why all currencies may lost its value not just usa dollar, if this will happen I think crypto might be the next currency will be use because its a neutral and no government will own it like bitcoin. so crypto is the best safe asset to hold because we didn't know in future many things will change and crypto will remain as main usable in any transaction.

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Quote from: guigui371 on January 08, 2020, 09:49:22 PM

If you are looking for a FIAT currency that is not really impacted by the US $ and that could keep it relative value in the event of a global recession you could look at the Norwegian Krone or the Swiss Francs.

Norway is a rich country, is an oil producer and exporter.
Norway has the 3rd GDP per capita in the world, its government pension fund has more than 1 trillion US and is the largest sovereign fund in the world. Per citizen is a 195 00 USD of assets. Quite a change from the trillions of debt the US citizens carry.
And of course, the Norwegian budget is based on their expected expenses, not run a deficit.

Well, a great recipe to withstand an economy downturn.

If you look into switzerland, you can come to the same conclusion but based on different data.

Can' disagree with your logic right here.
But USD is unique in its way because USA does trade a lot, so USD is valuable in many countries because they want goods from US.
And by this logic Norwegian Krone is really stable, but still it has less value than volatile USD.
So I'd suggest EUR or Chinese Yuan as new fiat currency, because they has a lot more value than any other country/currency in the world

guigui371

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If you are looking for a FIAT currency that is not really impacted by the US $ and that could keep it relative value in the event of a global recession you could look at the Norwegian Krone or the Swiss Francs.

Norway is a rich country, is an oil producer and exporter.
Norway has the 3rd GDP per capita in the world, its government pension fund has more than 1 trillion US and is the largest sovereign fund in the world. Per citizen is a 195 00 USD of assets. Quite a change from the trillions of debt the US citizens carry.
And of course, the Norwegian budget is based on their expected expenses, not run a deficit.

Well, a great recipe to withstand an economy downturn.

If you look into switzerland, you can come to the same conclusion but based on different data.

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Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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

Euro is a common currency in the European Union organization. so it should not be one of the common currencies because it is not based on any indicator to evaluate the strength of that currency. I think when the USD weakens, it will continue to return to the gold standard era. This has happened and it will continue because people have a habit of repeating history. so that's my guess if the US dollar really can no longer afford to be the world's oldest brother, Gold will continue to take the throne.

Kyraishi

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Quote from: Polo7 on January 03, 2020, 08:41:37 AM

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

I certainly don't think that it's property. I don't think that property does that well in an economic recession.

Gold is a hedge against black swan events for sure, but at the end of the day it's bulky and it's hard to transact with. It will remain to be the international reserve asset of choice for a while, but there is no denying that bitcoin has sprung to the scene and will likely play a significant role as being a safe haven asset as well.

At the end of the day, bitcoin is also decentralized, like gold, and is free from government intervention, which is all you ask for in a safe haven asset.

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