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submitted 5 months ago by Deceptichum@quokk.au to c/world@quokk.au

Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank

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[-] qyron@sopuli.xyz 3 points 5 months ago

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?

[-] Hubi@feddit.org 19 points 5 months ago

but it will eventually recover value

That's a pretty bold assumption.

[-] qyron@sopuli.xyz 1 points 5 months ago

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

[-] Hubi@feddit.org 8 points 5 months ago* (last edited 5 months ago)

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

[-] qyron@sopuli.xyz 1 points 5 months ago

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

[-] Deceptichum@quokk.au 15 points 5 months ago

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

[-] qyron@sopuli.xyz 2 points 5 months ago

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

[-] Beacon@fedia.io 6 points 5 months 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

[-] DarkThoughts@fedia.io 5 points 5 months ago

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

[-] HaleHirsute@infosec.pub 2 points 5 months 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.

this post was submitted on 28 Nov 2024
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