Following the month when the largest monetary and fiscal packages in history were unveiled, the U.S. banking giant JPMorgan Chase & Co (NYSE: JPM) 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.
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