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The expert spoke about the specifics of investing in foreign currency

Expert Zainullin: gold can be considered instead of a currency for investments
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Photo: IZVESTIA/Sergey Konkov
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It is not recommended to keep more than 10% of your savings in foreign currency. This was announced on March 7 by Sergey Zainullin, Candidate of Economics, Professor of the Department of Advertising at Synergy University, in an interview with Gazeta.Ru».

"If there is a desire to place some part of the funds in foreign currency, then I would not recommend placing more than 5-10% of the savings. Moreover, ruble deposit rates are currently at their peak, and it is unlikely that any other investments will be able to cover this yield in a period of one or two years," he said.

Also, as an alternative, the expert pointed to the possibility of buying the currency of neutral countries. This can be, for example, the Hong Kong dollar and the UAE dirhams.

At the same time, Zainullin pointed out the risks that arise when buying various foreign currencies. For example, transactions with dollars and euros are risky due to anti-Russian sanctions. At the same time, investments in the Chinese yuan may become unprofitable in the event of a devaluation as a result of the trade war between the United States and China.

As a substitute for currencies for stable savings, you can choose gold.

A day earlier, expert Denis Astafyev spoke about unusual ways of investing. One of them is the cultivation and sale of bonsai. These miniature trees, which are transformed into real works of art through care and shaping, are becoming increasingly popular not only among gardeners, but also among investors.

Переведено сервисом «Яндекс Переводчик»

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