If we think (and there have been numerous posts here to support this idea) that all major banks are going to fail because of over-investing in derivatives, what should we do if we have money in those banks? Pull it out in cash? Convert it to silver or gold? Put the cash under our mattress? And will cash be worth anything?
So if we have cash in checking or savings with a bank, how can we protect our assets?
How / where do you buy them? Will the ef bee eye know you're supporting 'the enemy?' And how much is 10K rubles in American dollars?
Yep I tried to buy rubles and Russian stocks at the start of the Ukraine conflict but the purchases were already blocked because of muh sanctions.
Oh wow. Where did you try to buy them, if I may inquire? I tried a local place but they don't sell them.
Any foreign money exchange should have Rubles, lots of coin shops also exchange money. I can buy it with cash, no paper trail. 10k rubles is just under $200 American, $226 CAD. I was thinking about this in July and it was $170 CAD back then, that goes to show how much their currency is gaining.
Wow. That is a huge gain. Thanks for the info.