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

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

  • qyron
    41·
    1 month 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·
      1 month ago

      but it will eventually recover value

      That’s a pretty bold assumption.

      • qyron
        21·
        1 month ago

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

        • Hubi@feddit.orgEnglish
          91·
          1 month ago

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

          • qyron
            1·
            1 month ago

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

      • qyron
        2·
        1 month ago

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

    • Beacon@fedia.io
      6·
      1 month 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

    • HaleHirsute@infosec.pub
      2·
      1 month 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.