Russia is much safer and growing ever more insulated. The sanctions have only helped. And look at their central bank's activities recent and since the last 5 or 6 years. They're doing classical economics. It'll pay off.
I am not so sure about that. Either way though, if their currency is weakening, their people are experiencing a loss of purchasing power. There is likely a tipping point where those people will start seeking out alternative store of values... gold and bitcoin may be in play for them.
The Ruble is down significantly in the last few days/weeks against the dollar.
Russia is much safer and growing ever more insulated. The sanctions have only helped. And look at their central bank's activities recent and since the last 5 or 6 years. They're doing classical economics. It'll pay off.
I am not so sure about that. Either way though, if their currency is weakening, their people are experiencing a loss of purchasing power. There is likely a tipping point where those people will start seeking out alternative store of values... gold and bitcoin may be in play for them.
The Ruble is down significantly in the last few days/weeks against the dollar.
All of course true. But look at the liabilities Russia holds in dollars. Tiny!