Huh? Who invests in a currency thinking it’ll go up in value? Most have inflation on purpose, your money is literally eaten away by “investing in” currency.
I have lived in Soviet Union. In the end of SU I even as a 13 year old child bought USD, and earned money from that, when changed back after months.
The same was done after getting independence. You bought Finnish marks bought USD or German marks and after few months changed back, because the economie of Finland didn’t had best days in the 90’s and USD rose in value.
As I said in another comment somewhere in this thread, that’s not investing, that’s hedging against the inflation of a failing currency. USD, DEM, FIM just lost less value over the same amount of time. Those currencies didn’t go up a bunch compared to other normal currencies.
What do you mean? Currencys have always been investments.
Huh? Who invests in a currency thinking it’ll go up in value? Most have inflation on purpose, your money is literally eaten away by “investing in” currency.
I have lived in Soviet Union. In the end of SU I even as a 13 year old child bought USD, and earned money from that, when changed back after months.
The same was done after getting independence. You bought Finnish marks bought USD or German marks and after few months changed back, because the economie of Finland didn’t had best days in the 90’s and USD rose in value.
You literally make money with that.
As I said in another comment somewhere in this thread, that’s not investing, that’s hedging against the inflation of a failing currency. USD, DEM, FIM just lost less value over the same amount of time. Those currencies didn’t go up a bunch compared to other normal currencies.