Here’s why the largest U.S. bank is bullish on gold prices

  • The unprecedented monetary and fiscal measures will lead towards the currency debasement, warns JPMorgan
  • The yellow metal is likely to benefit from this process, as well as the Japanese yen

Following the month when the largest monetary and fiscal packages in history were unveiled, the U.S. banking giant JPMorgan Chase & Co believes there’s only one winner going forward, and that’s gold prices.

Fundamental analysis: Currency debasement coming

In the latest report published by JPMorgan, the bank’s analysts John Normand and Federico Manicardi believe that there is an increased risk of the currency debasement in the coming years after the unprecedented monetary and fiscal measures announced globally to tackle the consequences of the COVID-19 outbreak. 

Debasement refers to the process where the value of a currency is decreased. By lowering the value of money, governments believe they would have more funds to finance different projects and processes.

Analysts believe that the combination of massive fiscal and monetary stimulus is highly likely to initiate the process of currency debasement and the winner will be gold prices. 

Related Post


Learn How A Precious Metals IRA Can Secure Your Retirement

The precious metals market may seem intimidating, but it’s not as it seems. Our team has compiled a summary of our tips and information into a free guide so you can learn how to begin securing your future.


We Will Guide You Every Step Of The Way


By clicking the button above, you agree to our Privacy Policy and Terms of Service and authorize Oxford Gold or someone acting on its behalf to contact you by text message, ringless voicemail, or on a recorded line at any telephone or mobile number you provide using automated telephone technology, including auto-dialers, for marketing purposes. No purchase required. Message and data rates may apply. You also agree to receive e-mail marketing from Oxford Gold, our affiliated companies, and third-party advertisers. To opt-out at any time click here or reply STOP to opt-out of text messages.