Clueless about currencies! Can I invest in Ruble?

Discussion in 'Currencies' started by rara200284, Jan 21, 2015.

  1. rara200284

    rara200284 Member

    Joined:
    Dec 29, 2014
    Messages:
    75
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Los Angeles, CA
    It took me a while to figure out on my own that you could buy real physical gold and silver and why it's a good investment.

    I also hear that the Ruble is so dirt cheap that it is a good investment. Does currency work just like some stocks? Can I buy a load of ETF Rubles and make a lot of money once the Russian economy picks up? I am so clueless. Can someone please give me some insight about whether or not you can invest in currencies and make a profit?

    I apologize if this question has been asked before.
     
    rara200284, Jan 21, 2015
    #1
  2. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    Yes, you can trade the Ruble using forex. There's also Russian ETFs but these are more related to the Russian economy than the currency itself. I wouldn't be investing in the Ruble atm though
     
    Caput Lupinum, Jan 21, 2015
    #2
  3. rara200284

    rara200284 Member

    Joined:
    Dec 29, 2014
    Messages:
    75
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Los Angeles, CA
    Why not?
     
    rara200284, Jan 21, 2015
    #3
  4. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Prob cos its going to be worthless ? Lol
     
    Altima, Jan 21, 2015
    #4
  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,970
    Likes Received:
    6,625
    Trophy Points:
    113
    Location:
    Sydney
    It is usually the clueless that provide the fodder for the professionals. Like the Swiss Franc, you are too late to make a killing on the Ruble. You need to be a front runner rather than a chaser.
     
    sammysilver, Jan 21, 2015
    #5
  6. Golightly

    Golightly Well-Known Member Silver Stacker

    Joined:
    Oct 4, 2013
    Messages:
    1,411
    Likes Received:
    60
    Trophy Points:
    48
    Location:
    Newcastle
    Soon as BTC comes right I will be doing some ruble, it will come good.
     
    Golightly, Jan 21, 2015
    #6

Share This Page