Deutsche Bank analyst: FIAT will become a passing fad in the long-term history of money
|Marek Feder|source|3072x
Font size:-/+

Deutsche Bank analyst: FIAT will become a passing fad in the long-term history of money

FIAT currencies have been used around the world for decades and cash has become an integral part of the lives of people around the world. On July 22, James Reid issued a report on this topic, informing clients of his views on FIAT currencies, commodities, precious metals and stocks. According to James Reid, a strategist and analyst at Deutsche Bank, in the long run, cash and FIAT as such are just a fad.


James thinks that FIAT currencies will soon be replaced by an alternative payment system. In his opinion, the modern financial system is unstable and may be completely transformed in the next decade. He thinks that anything from gold to cryptocurrencies can become a substitute for FIAT currencies, which will then be perceived only as a fashion fad in the long history of money and payment systems.


The main problem of the financial system, as we all know, is inflation. Not only James Reid, but many other analysts think that inflation has become an integral part of this system and there is no way we can get rid of it; what is more it will cause huge problems in the future. The report also included reflections on how different types of financial instruments have succeeded over the course of time - Reid focused mainly on the development of gold, silver, stocks and oil since 1860. He ended his report by highlighting stocks and their growth potential. Compared to others, this financial instrument should be the way to go in the near future. He pointed out, in particular, that the S&P stock index had risen 22-fold since 1971 alone, which no other asset on the list managed to do.

Comments

You must be logged in to add a comment.

DOLLERO NEWS

Where will PayPal push Bitcoin and cryptocurrencies?

One of the world's largest online payment companies has announced forthcoming support for cryptocurrencies, which has been talked about for a long time. How will the entry of this company affect cryptocurrencies?

Show all news