Topic: What is safe asset? And If USA dollar weakining what is Next Fiat? - page 5. (Read 968 times)

If the USD weakens due to the trade war, then I think gold will be the safest asset for all of us to hold. In addition, we can choose CNY or Euro because these are two currencies second largest in the world. Both currencies will be the perfect alternative to USD. And why don't you think about Bitcoin? To me, if the trade war happened, all the currencies in the world would weaken and at that time, Bitcoin and cryptocurrency would grow strongly.

The fluctuations on USD wasn't much but I'm not wagering on a full on war with Iran which warrants USD crashing. China flexed the USD weight and China and Iran are definitely not adversaries so you can take it as it is. Panic selling assets in USD isn't an advisable move and  I'm not sure how cheap it would be to convert your assets to other currencies. That being said, euro is probably your best bet if the US were to go to war with Iran. I wouldn't count out gold either. I'd feel safer investing in gold than I would Bitcoin if you're looking for stability.

The real safe asset - gold but i prefer euro

No, Euro.
I guess, the next currency is likely to be CNY. the Chinese economy from year to year is getting stronger globally. A trade war between China and the U.S. Because of the U.S. fear of disappearing US Dollar dominance worldwide and replaced with CNY. if not for that, surely there would be no trade war between them.

the points you are talking about are the safest assets right?
very clear, the answer is gold because it is guaranteed the most stable.

Gold had been a standard measure for most of the currencies and might be the most stable asset or even a slowly rising one than any currency.
Its been seen on the past that relying on just the fiat of a single currency has failed the economy several times. Gold is also used by IMF as a security deposit.
So, there's not other safe asset than gold.

What war do you mean?
From the title of your topic, I think what you mean is the replacement of the dollar as an international currency. I assume that the global community no longer wants the dollar as an international currency.

In my opinion, this is not caused by physical war or trade war, but because more and more countries in the world realize that printing dollars without backing up gold is a fatal mistake. The purpose of dedolarization is also so that America cannot export its country's crisis to other countries.

China succeeded in forming a global opinion about the dollar, it seems that China's foreign policy and propaganda of China Yuanization were responded to by many other countries because there began to emerge a movement of dedolarization in many Islamic countries and discourse to create a new gold-based currency.




http://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4

It's hard to shift the dollar because the portion of the dollar in the world's foreign exchange reserves is the largest. Nearly 60% of the world's foreign exchange reserves are in dollars. From the IMF data above, what might shift is the Euro if the Dollar fails, because it accounts for 28% of the total global foreign exchange reserves.

but I personally think that if the dollar fails to maintain its supremacy, I don't think there will be a chance for another fiat to become a global currency. Because the fall of the US dollar will also affect the European Union countries and all countries in the world because now America is the center of gravity. Besides the destruction of the dollar as evidence of its corruption and the failure of the fiat system. Then the world will look for alternatives to fiat money

The most likely successor is money with intrinsic and universal value and is based on gold. Bitcoin will also be an alternative, but the problem of decentralization will be a reluctance to adopt it.



Why do you think that gold is not a safe asset choice?
Many countries in the world are now consistent to increase their gold reserves by importing. Reserves are very important in a country's safe which can provide protection against domestic and external shocks and the realization of foreign capabilities and trust in a country.

in theory, it will always be won by the war-winning country because there will always be an agreement signed.

but if only in the values ​​of economic warfare, trust will actually be stronger because it involves sentiment as the main proposal, more to the battle that can still be measured on a global scale. The main assets will still return to gold, and it is undeniable that bitcoin will be an informal alternative.

If you are talking about an international main currency, I do not think Bitcoin will fit in.  Government of every country will oppose this transition and it is way too volatile for Bitcoin to replace USD and not mentioning that majority of Bitcoin supplies is hoarded by some individual only.



This is the main reason why Bitcoin will always be an alternative.

War is weakening the US dollar. That is one way of looking at it. The other way of looking at it is that it is strengthening the US dollar because the war that we are told about is in fact just a way for the US to gain more foothold in territories where there are resources to exploit on behalf of the US. War is not about principles or other abstract ideas but simply economic.

Safest assets include gold, diamonds, and other precious stones and metals and real estate properties.

Hard to say but maybe a portfolio that includes the US dollar, Euro, gold, silver, Bitcoin, and mutual funds. Plus a few other altcoins. I think the wisest thing to do is diversify.

I believe it is Chinese Yuan the next currency to use when USD gets weakening. Even now with war and other problems the economy of USA is greatly affected. In recent statistics it is China which is gonna take the position of USA soon. If such scenario takes place there'll be war, and by then everything that is digitally invested will gain importance.

yuan maybe, since china is the most country who have a trade war with USA , if this continue down , i am quite sure yuan will be next fiat.
however,if u talking about war is make a affect to crypto space, i am sure its not make any affect.

The weakening dollar has done Gold extremely well lately. It's near closing its highest weekly candle in almost 7 years. That's extremely bullish and I'm kinda leaning towards the possibility of seeing Gold test levels near $1700 in 2020.

Bitcoin on the other hands doesn't seem to get much love as result of the weaking dollar. Doesn't mean it can't still happen, but it's clear that smart money is ignoring Bitcoin, and I honestly can't blame them. If you look at both charts, it's easy to pick Gold and ride the market up, especially if you are leveraged.

https://goldprice.org/

Not really sure to answer this question, it should be very debatable. Everyone will argue based on their respective regions. Europen people must state Euro and Asian people may claim an Asian currency association.

Why not gold or property? Do you want to say Bitcoin or other digital assets? Or you want to consider some best performing commodities: https://beincrypto.com/bitcoin-btc-tops-all-other-commodities-in-returns-for-2019/
However, for me, the safest options are still gold or property. They have stable values and even rising from time to time.

I think it's better to have things that can actually keep you alive in time of scarcity and choas. Those things must be easy to move around.

Some of the basic things I would invest in:  nutrient-rich foods with long-shelf life, small water filters, lots of do-it-yourself ebooks/audios/videos(and other ebooks, audio & videos), lighters, small solar panels for charging phones (and laptop), etc

In this Economic situation Yes Bitcoin might be.

Coz currencies are tied up with Country politics economy and other things.



Bitcoin is free of that things btc is just Something rare with limited supply and with biggest liquity and store value If any assets in the world.


If Economic situation start shaking then people last call Will be Bitcoin

What country has the most powerful economic power in the world? Some people say USA and China. There you have the answer. I mean, if we no longer be able to use USD to transact between country then it might be CNY as the replacement.

But for me there is no real safe asset, it could be safe for now but later it could lose its value and as the world is turning to decentralized, I think Bitcoin could be one of the safe asset.

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