Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Techplayer who wrote (28720)	2/24/2003 8:45:09 PM
From: X Y Zebra	Read Replies (1) of 57110

The ruble ? need I say more... Who names their currency... "The Ruble" ? hmmm it seems that everyone is using reverse psychology now... Actual purposes of the Russian authorities are obviously far from mere care about the welfare of the population. No doubt that our common interests will be once again sacrificed to more “important” interests of the ruling class. So, a recommendation for Russians is not to make haste and convert dollars into euro. Converting of one currency into another is very unprofitable under the present-day conditions in this country, even if you wish to convert just small sums of money. You’d better find a job to be paid in euro. Don’t make haste to deposit your savings into Russian banks, as it may become a problem in the future to get this money back. If you have savings in dollars, let them remain in dollars. Remember that nobody needs a strong ruble, that is why the Russian ruble won’t be strong. Currencies "on sale" so as to achieve maximum exporting power... so where do we save ? A = gold ? Which makes me wonder... it seems that all common sense is irrelevant these days.... the absurd seems to yield success... a stronger case for diversification and a continuous review of asset allocation will have to be the norm.... from the positive side, it will keep our brain cells active, therefore putting off Alzheimer for many years to come... [that is, assuming that schizophrenia and anxiety does not claim one's brain before such time -ggg] * how big is the Russian economy anyway ? cia.gov

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