Ukraine war/President/news

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alanjh595
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Re: Ukraine Russia war NEWS

Post by alanjh595 »

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Bring back the LIKE button.
Nedroj
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Re: Ukraine Russia war NEWS

Post by Nedroj »

GordonH wrote: Apr 2nd, 2022, 4:28 pm
BC Landlord wrote: Apr 2nd, 2022, 4:13 pm Just looked it up in the news ... Ruble is currently a hot item on the market. It’s going up almost like Bitcoin. The best investment you can make nowadays. So much for sanctions ...
Knock yourself out... you and TT would make good roommates over in Moscow.
Just an FYI

Currently, 1 Russian Ruble equals 0.015 Canadian Dollar

Even at its peak, the Ruble was only worth 1.7 cents Canadian.

Hardly a "Hot Item" and most def not even close to "Bitcoin".

Just pure Russian Propaganda hyperbole
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foenix
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Re: Ukraine Russia war NEWS

Post by foenix »

BC Landlord wrote: Apr 2nd, 2022, 4:13 pm Just looked it up in the news ... Ruble is currently a hot item on the market. It’s going up almost like Bitcoin. The best investment you can make nowadays. So much for sanctions ...
:spitcoffee: [icon_lol2.gif]

That my friend is how day traders, lose their pants in the currency exchange....maybe stick to the rentals.
Should I buy the Russian ruble?

If you were able to purchase rubles, they can be thought of as an investment if you hold them in an online foreign exchange account. You could exchange the rubles back to dollars when the value goes up. The physical currency could also potentially be valuable if you plan on visiting Russia and spending the local currency there, assuming the value goes up by the time you visit.

While it could seem like a great investment to purchase rubles at the current price, the Russian economy is in a highly volatile and bearish state. There isn't an estimation of when the ruble's price will increase. The price of the Russian currency could continue to drop even more, which could make your holdings even less valuable. If you weren't familiar with the Russian economy before its war with Ukraine, it may be best to wait to purchase the currency.

Investors should be careful buying the ruble.

Purchasing the ruble may be difficult to do in itself because various exchanges and banks have limited or banned non-residents of Russia from purchasing the currency. Exchange rates can also be costly depending on the amount of ruble you plan to purchase. Considering the country’s current economic situation, exchange rates could rise.
https://marketrealist.com/p/should-i-buy-rubles-now/
Bigbacardi
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Re: Ukraine Russia war NEWS

Post by Bigbacardi »

I'd say if you bought rubble in the first week of march, and sold today, you would be looking at a 40% return on investment....
Not bad for 30 days....
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You are unique, Just like everybody else.
Silverstarqueen
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Re: Ukraine Russia war NEWS

Post by Silverstarqueen »

Bigbacardi wrote: Apr 5th, 2022, 7:14 am I'd say if you bought rubble in the first week of march, and sold today, you would be looking at a 40% return on investment....
Not bad for 30 days....
IMG_0413.PNG
Hindsight is 20/20. and if someone bought it now, they could lose 40%, or more.
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normaM
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Re: Ukraine Russia war NEWS

Post by normaM »

rubble isn't worth anything :/
Of course I can search, all I found was it was no where near recommended as a sure bet
when someone makes such a grand statement to buy rubles I reckon they have some links
Not just what cousin Boris suggested :/
" You never change people by fighting their existing reality."
foenix
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Re: Ukraine Russia war NEWS

Post by foenix »

Bigbacardi wrote: Apr 5th, 2022, 7:14 am I'd say if you bought rubble in the first week of march, and sold today, you would be looking at a 40% return on investment....
Not bad for 30 days....
IMG_0413.PNG
We can all be billionaires if we had a time machine, no? Did you buy any Rubles the first week of March? [icon_lol2.gif]
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captkirkcanada
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Re: Ukraine Russia war NEWS

Post by captkirkcanada »

foenix wrote: Apr 5th, 2022, 9:32 am
Bigbacardi wrote: Apr 5th, 2022, 7:14 am I'd say if you bought rubble in the first week of march, and sold today, you would be looking at a 40% return on investment....
Not bad for 30 days....
IMG_0413.PNG
We can all be billionaires if we had a time machine, no? Did you buy any Rubles the first week of March? [icon_lol2.gif]
lol we digress , facts are investing in war criminals money is not what my portfolio will have on it. :smt045
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gertlush
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Re: Ukraine Russia war NEWS

Post by gertlush »

Sorry that is all fake news. Our sanctions destroyed the Russian economy and drove the ruble to zero. Remember?? Anything else is Russian disinformation.
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ferri
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Re: Ukraine Russia war NEWS

Post by ferri »

:topic:
“Weak people revenge. Strong people forgive. Intelligent people ignore.”
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gertlush
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Re: Ukraine Russia war NEWS

Post by gertlush »

Alrighty... on economics still then... will this war likely cost the West more or Russia? I'm thinking the West. We are paying more for every commodity Russia produces, we are giving billions in weapons and cash to the Ukrainians, we are supporting millions of refugees. And when they inevitably lose it will be a dismembered country.

At the end it will be very hard to get our money back. What assets will be left for us to seize? What do we gain from our posturing?

Im surprised such high calibre minds like Biden, Bojo and Mr. T are playing a poor hand poorly.
BC Landlord
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Re: Ukraine Russia war NEWS

Post by BC Landlord »

The “Kiev ghost” and “Snake Island martyrs” were also in the news. We all know where that came from.
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normaM
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Re: Ukraine Russia war NEWS

Post by normaM »

why do you consider it posturing?
" You never change people by fighting their existing reality."
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normaM
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Re: Ukraine Russia war NEWS

Post by normaM »

the whatever "recovery " of the ruble is based on this
https://www.npr.org/sections/money/2022 ... -the-ruble
SNIP
Perhaps the biggest factor juicing the ruble is a risky ploy by President Vladimir Putin that we mentioned at the top of this story: telling certain buyers of Russian natural gas that they must henceforth pay their gas bills in rubles. Natural gas contracts are usually written requiring payment in euros or dollars, and the countries that buy natural gas
" You never change people by fighting their existing reality."
BC Landlord
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Re: Ukraine Russia war NEWS

Post by BC Landlord »

normaM wrote: Apr 5th, 2022, 5:32 pm Perhaps the biggest factor juicing the ruble is a risky ploy by President Vladimir Putin that we mentioned at the top of this story: telling certain buyers of Russian natural gas that they must henceforth pay their gas bills in rubles. Natural gas contracts are usually written requiring payment in euros or dollars, and the countries that buy natural gas
No one has to buy what Russians are selling. You can’t blame Russians for trying to circumvent our economic sanctions.

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