this post was submitted on 28 Nov 2024
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Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank

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[–] [email protected] 3 points 3 weeks ago (5 children)

Let's say some crazy person decided to just go and buy, let's say, a million rubles, just for the sake of saying they're a millionaire.

It is on a sinking course but it will eventually recover value. If time was of no concern, wouldn't that person eventually make something out of it?

[–] [email protected] 19 points 3 weeks ago (1 children)

but it will eventually recover value

That's a pretty bold assumption.

[–] [email protected] 1 points 3 weeks ago (1 children)

The war that country triggered is the work of a dictator but the country itself does not deserve obliteration.

[–] [email protected] 8 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

The civilians don't deserve it but their mafia state and its institutions definitely do.

[–] [email protected] 1 points 3 weeks ago

Those. Not the civilians being held almost at a hostage situation

[–] [email protected] 15 points 3 weeks ago (1 children)

That’s called Forex, you’d have better luck with stocks.

[–] [email protected] 2 points 3 weeks ago

For the giggles of it? I would. Do I have the cash? I don't.

[–] [email protected] 6 points 3 weeks ago

If your goal is to lose money, then that's a great plan. There's almost no chance that investment would ever beat the amount of money you'd make by investing in an s&p mutual fund

[–] [email protected] 5 points 3 weeks ago

I don't think you get anything if they end up defaulting, which is likely to happen.

[–] [email protected] 2 points 3 weeks ago

Depending on what country you’re in and from it might be hard to get them, and if you do you might be going against some sanction.