Originally Posted by Hastings
Originally Posted by Houston_2
Originally Posted by Hastings
The Russian Ruble rose well over 1% in the markets again today. The currency traders are betting on Russia. The Ruble has been on a steady rise lately.

You’re really ripping ass there quisling possum cop.

Ruble = $.01

Time for you to triple down on your international currency investment.
Whatever. But have you noticed the Ruble is steadily gaining? For comparison purposes it takes 88.55 Rubles to buy a dollar. It takes 148.355 Japanese Yen to buy a dollar, so 1 Ruble will buy almost 2 Jap Yen.

The fact remains, the Ruble has been rising steadily in the last few weeks. It was over 120 to the dollar in 2022 and about 100 to the dollar at the beginning of October. Now it's 88.55.

Would you think Japan is about to collapse since it takes over 148 of their yen to buy a dollar?

Often value is a reflection of confidence. I guess it could be a lack of confidence in the USD as much as anything.

Don't make a John Burns of yourself.
Houston2: The Ruble is up almost another percent today as per Kitco at 87.78. Maybe Russia is getting ready to collapse (sarc)?


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