Oleg Savchenko, deputy chairman of the State Duma Financial Market Committee, said that in the face of the new weakening of the ruble, Russians would be better off investing their savings in education and healthcare, and not in diamonds and platinum. Interview with socialbites.ca. According to him, investing in commodities is now equivalent to playing the lottery.
“For example, diamonds, gold, platinum or silver are all commodities. Based on this, it is quite difficult to determine what the rate will be for these positions. The same goes for shares of enterprises, because today all Russian enterprises are experiencing internal difficulties. Except for raw material supply, raw materials are exported. But I would also like to draw your attention to the fact that raw material exports are very dependent on global conditions. The state of the global market implies that this is a commodity of exchange, and tomorrow a collapse or some kind of natural disaster or economic crisis in any country will lead to consequences. Accordingly, this will further affect the value of shares or capitalization of a particular company. So unfortunately this is now an absolute lottery. It is also very difficult to make predictions because we have an election year ahead of us. And in principle, there are rules in the Russian Federation, America and other countries,” Savchenko said.
The parliamentarian advised that if personal or family savings are small, it is better to invest them in yourself.
“Investing in education and your health is the best investment. “This is the safest, most guaranteed investment,” concluded Savchenko.
At the close of trading on the Moscow Stock Exchange on October 6, the dollar rate was 100.405 and the euro was 105.7725 rubles.
On October 5, Russian President Vladimir Putin said at the general assembly of the Valdai international discussion club that the global financial system built on the basis of the dollar is gradually collapsing. According to him, currency is a derivative of the strength of the economy of the state that issues this currency, and the share of the American economy in world GDP is decreasing.
Formerly in the State Duma statedThe ruble is falling due to unnecessary rupees for Russia.
Source: Gazeta
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