Panacea, also known as panchrest, is a medicine supposed remedy that is claimed to cure all diseases and prolong life indefinitely. It is named after the Greek goddess of universal remedy Panakeia.
It is an investment strategy that involves the buying of money market instruments or currencies in anticipation of a price rise or a future increase in demand. Buying forward allows an investor to take advantage of future and potential profits by buying now at alower price, and selling when prices rise.