Is Now A Good Time To Buy Rubles?

[GettinBetter]

If the price is dropping through the floor you can bet somewhere the city boys are hoarding a decent amount to make a killing in 5 /10 yrs
You know how short some peoples memories are, it'll all be forgotten in less than a decade (more like a two years), the value will have shot up long before that.

Just a thought for the long term investor ....

[Fat Angry Scotsman]

[A100man]

.. I'll leave currency speculation to the experts,,

BTW Do you think they'll become known as 'Barneys' ?
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Now: A100, GT250A, XJ598, FZ750

Then: Fizz, RS200, KL250, XJ550, Laverda Alpina, XJ600, FZS600

[Fat Angry Scotsman]

[MarJay]

There is still further for the Ruble to fall I reckon. I think with Putin's mental state, any speculation as to what can happen is literally just that. He could do a Ceaucescu and get offed by his own people, or he could bash Ukraine, get supported by China and have even stronger sanctions drawn against him. Who bloody knows? Dr Who, or Doc Brown maybe?
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British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.

[The Artist]

[stinkwheel]

They could be (literally) adding extra zeros to the end of ruble notes before this is over.

A lot of younger people won't have seen freefall inflation like that. I remember going on holiday to the former Yugoslavia back in the 80's and you had to change your dinars on the day because the next day, they could be worth half as much. As I recall, there was a 1000-fold drop in value between two summer holidays (one year you were getting about 300 to the pound, the following year it was nearer 30,000).

Communist dictatorships can deal with it to an extent by dictating the price of internal market goods but it makes imports unobtainable.

Buying Rubles just now would be like taking out a mortgage on a house that's on fire.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[tatters]

Last time l was traveling in Russia was back in 2009 and lot of ATMs had a option to withdraw cash in USD. They never really had a great lot of trust in the ruble since the economic shit show of the 90s and always preferred USD or Euros cash.
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Past:NRG50,AF1125(x2),NSR125RR,ZZR250,CX500,VFR400,KR1S,ZZR600(x2),CB400N,YZF1000(x2),KH125,Z200,FX400R,CBR954RR(x2)GPZ500S,GT550,VFR750F(x2),RD350N,XR650R,CBR600F,CB250,KDX250,YZF750R,CRM250,400EXC,KLR650,TTR600RE,DR350S,R100GSPD,RGV250,VMAX1200,DL650 Present:G650XC,C12,KZ750,1190ADV

[Fat Angry Scotsman]

[Nobby the Bastard]

Nobody does it for the dividend.

It's in the assumption that they will go up in value. The dividend is just a nice bonus. You have to have a fuck load of shares to get a dividend of any value at the typical 3% per share.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[Nobby the Bastard]

To clarify slightly...

Ltd company shares are about the dividend because they aren't traded in the open market. You can only get Ltd shares by invitation.

PLC shares are about the value of the shares. The dividend can be tiny.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[Fat Angry Scotsman]

[The Artist]

[Fat Angry Scotsman]

[Nobby the Bastard]

No the don't. People like you need to stop being so greedy.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[Nobby the Bastard]

BTW your tax code implies you either have a pension, paying back a student loan or you have an agreement to pay unpaid tax.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[Fat Angry Scotsman]

[Nobby the Bastard]

*Breathes on fingernails before polishing them on my t shirt*
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[steve the grease]

Everytime I consider currency speculation , I dig into my ' treasures' and look at the 500,000,000 Reichmark note that my old man brought back after the last lot, as a reminder of how badly wrong it can go.
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All the above is my personal opinion, you can see my lips move, but I'm talking out of my arse.
I've been riding, and fixing , bikes for 50 years, in that time the more I learn, the less I am absolutely sure of.....

[MarJay]

I heard a joke today. What's the difference between a Ruble and a dollar.




A dollar.
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British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.