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THE RUSSIAN CURRENCY HAS PLUMMETED IN VALUE; DO YOU THINK IT WOULD BE UNETHICAL TO INVEST IN THE RUBLE, HOPING TO MAKE A PROFIT WHEN IT REBOUNDS IN THE FUTURE? | made w/ Imgflip meme maker
384 views 17 upvotes Made by Octavia_Melody 3 years ago in The_Think_Tank
18 Comments
[deleted]
4 ups, 3y
business is business
K8. M
4 ups, 3y,
2 replies
Just invest in whatever she's thinking about. imgflip.com/gif/67u073
3 ups, 3y
Haha
3 ups, 3y
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3 ups, 3y,
2 replies
Could be a good idea. Send me your bank info, I know a Nigerian prince that will convert the dollars to rubles for you.
2 ups, 3y
Lol
2 ups, 3y
I will do that
[deleted]
3 ups, 3y,
2 replies
Unlikely, since the last time the ruble increased in value in a major way was when Putin took power. It lost massive amounts of its value after the fall of the Soviet Union, and it lost even more in 2008, when it invaded Georgia, in 2014, when it annexed Crimea, and even more now. It hasn't rebounded since a bloodless, slightly dislikes annexation of Crimea. I doubt it'll rebound after a full-scale, extremely bloody war, being the first war in Europe since the Yugoslav wars of the early 90s. Bad idea
5 ups, 3y,
2 replies
Thank you for that info. I didn't know that.

Just to be clear, I wasn't expecting it to rebound quickly or even fully, but over the next few years I was expecting it would at least increase somewhat, if not to pre-February levels.
[deleted]
3 ups, 3y,
1 reply
probably somewhat, but very unlikely to rebound fully or in any way that you can make a major profit
3 ups, 3y
Darn
2 ups, 3y
^ both sides of those coins

The only rubles worth buying would be coins and notes, as they went from cheap and easy to acquire to scarcer and more expensive.

Plenty are still affordable, but the last decade and a half has witnessed rising values as Russian affluence grew and they started buying up their own stuff (same trend has been happening with China).

This would be for collectors, of course, because if the love of collecting it isn't your primary goal, you're gonna end up with some disappointing investments...

Russia (and China) has some real nice designs, and those who grew up with the spectre of the USSR looming or just like them aesthetic reasons like them.

Much of what I'm referring to are commemoratives and annual sets minted for collectors which didn't circulate.
3 ups, 3y,
1 reply
Nice info, thanks.
[deleted]
2 ups, 3y
[deleted]
2 ups, 3y
Nah, the ruble will always be useless.
1 up, 3y
Hmmm. Probably not a good idea. But, this is a thought provoking question.
It’s great that your mind is thinking this way! Your life will be so much better if you invest. The sooner you start, the better.
2 ups, 3y
Lmao no
0 ups, 3y
Lmao
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THE RUSSIAN CURRENCY HAS PLUMMETED IN VALUE; DO YOU THINK IT WOULD BE UNETHICAL TO INVEST IN THE RUBLE, HOPING TO MAKE A PROFIT WHEN IT REBOUNDS IN THE FUTURE?