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In the event of a global downturn, what would be the safe haven currency if not USD?
by andreilys 7y ago
In the event of a global downturn, what would be the safe haven currency if not USD?
- raintrees 7y agoThere are quite a few who would answer Commodity, not Currency. Something that will retain value if currencies do not.
- lotsofpulp 7y agoI don’t know, I assume if USD stops being the safe haven currency, then there has been a change in the world order, which could be due to war. In that case, I would think you’d need to diversity and have multiple passports and assets in those countries. But that’s planning for those with 8+ figures in wealth. But at the end of the day, your priorities will be access to water, food, heat, and shelter. So for most people, it might not even make sense to worry about which currency to have, as it will be too late to move into it probably.
- lainga 7y agoIt might go back to the good old days where shops would accept gold dollars, silver dollars, treasury bills, or pieces of eight. I know the "reserve currency" of Warlord-era China was the Mexican dollar.
- greesil 7y agoWhat would characteristics would make a currency "safe"?