russian ruble crashing again

Discussion in 'Currencies' started by leo25, Jan 14, 2016.

  1. leo25

    leo25 Well-Known Member Silver Stacker

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    Interesting the news hasn't talked about this. Very extreme currency collapse!

    It will be like AUD/USD being 40c

    [​IMG]
     
    leo25, Jan 14, 2016
    #1
  2. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    You didn't give a reason why it is happening? Low gas prices is one?
     
    Skyrocket, Jan 14, 2016
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  3. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Roswell Crash Survivor, Jan 14, 2016
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  4. leo25

    leo25 Well-Known Member Silver Stacker

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    So now the holes we dig are worth less when will our dollar start falling hard? Good thing we are really good at renovating and buying houses, that should keep our economy strong. ;)
     
    leo25, Jan 14, 2016
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  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    The exorcism didn't work out?
     
    JulieW, Jan 14, 2016
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  6. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Chart the inverse currency against the oil price and I'd suggest you would have a decent correlation.
     
    BuggedOut, Jan 14, 2016
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  7. kutylin

    kutylin Active Member

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    This again proved that I did a right thing investing rubble in gold and silver ;-)) Maybe USD looks now a better option but I do not believe in it's bright future as many on this forum.
     
    kutylin, Jan 14, 2016
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  8. Dabloodymess

    Dabloodymess Active Member

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    Luckily there has been no noticeable change in prices here on the ground (yet) beyond the inevitable premium for imported fruit and vegetables in winter time.

    I face the challenge of having an ever increasing pile of roubles. I am paid in roubles, but the salary is denominated in Euros, so I am not affected by the fluctuations. It is more about picking the time to get my cash out.
     
    Dabloodymess, Jan 14, 2016
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