GandaKutta t1_ixzmp24 wrote on November 27, 2022 at 5:15 PM

Reply to Ghana orders miners to sell 20% of refined gold to central bank, “Ghana is struggling to stem a slide in the cedi, which has dropped 57% . by betsharks0

a lot of countries are leaving dollar due to many reasons and some of them are political which doesnt make sense to talk here. international trades dropping USD is a big thing since that's what gives dollar big boy pants in the IMF

GandaKutta t1_ixix2kj wrote on November 23, 2022 at 7:54 PM

Reply to comment by That-Whereas3367 in Will Elon have to sell more of his Tesla stock in order to keep Twitter alive? by G1lg4m3sh

> Bipolar Disorder, drugs and sleep deprivation.

where do i sign up?

GandaKutta t1_iujc97j wrote on October 31, 2022 at 7:35 PM

Reply to comment by datastoner in Indian Investments from USA in future by datastoner

yes I mistyped "yearly for monthly". rookie mistake.

GandaKutta t1_iujc5nw wrote on October 31, 2022 at 7:35 PM

Reply to comment by sh1tler in Indian Investments from USA in future by datastoner

I should have put a disclaimer on that. You are right the INR has depreciated (although less than other currencies).

I have long term vision in India for 20+ years and I think they will come out on top in spite of their shite PM.

There is a saying "China progresses because of it's politicians, India progresses despite of it's politicians"

Also I have a strong feeling USD is going to crash in 4-5 years. Most countries are slowly getting rid of USD https://economictimes.indiatimes.com/news/economy/foreign-trade/india-smaller-nations-talk-trade-via-rupee-accounts/articleshow/95189419.cms

GandaKutta t1_iujbmwy wrote on October 31, 2022 at 7:31 PM

Reply to comment by MyPeePeeReversed in Indian Investments from USA in future by datastoner

sorry I meant each year not month.

GandaKutta t1_iujbgtu wrote on October 31, 2022 at 7:30 PM

Reply to comment by 2-2-3 in You guys ready for the new JPOW movie coming out Wednesday? by Wendys_4_Tendies

Currently its "From Russia With Love"

GandaKutta t1_iuhhtl0 wrote on October 31, 2022 at 11:29 AM

Reply to Indian Investments from USA in future by datastoner

I have moved 10% of my savings to India. Even a bank Fixed Deposit can net you around 7-8% return each year.

For the long term stocks are a good bet. One of the reason I believe is that the western hegemony is going through turbulent phase and this is helping India (but not other developing countries) primarily because its trading with both US and Russia.

tldr: india is a very good bet and I expect them to over perform in the next few decades

Edit: changed each month to each year.