The Norwegian Krone: arguably the safest currency in the World

Zero Hedge Watch

The Norwegian Krone: arguably the safest currency in the World. Investors looking for a safe place to store their money often turn to the US dollar but this might not be a great play. Central banks have a balance of assets, gold and bonds, to liabilities, the outstanding currency. Ideally, a bank should have a large buffer of assets as protection against a crisis. It's also helpful for the country to have low debt. By this measure, the United States does not look good. Neither does the UK, Japan, or the EU. All these countries are in debt and have central banks with weak balance sheets. Norway on the other hand is completely debt-free and its central bank's assets exceed liabilities by 23.3%. In comparison, the Fed's buffer is only 1.53%. If there is a currency crisis, the Krone is in the best position to hold value. (VIEW LINK)

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