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I live in Argentina. I want to add that we don't invest in dollars, we save in dollars. We don't expect to have more money after some time, we just expect not t
by slyzmud 9y ago
I live in Argentina. I want to add that we don't invest in dollars, we save in dollars. We don't expect to have more money after some time, we just expect not to loose money by inflation.
Although it might seem that buying dollars have a return of 20% or more in a year, by the time you sell it everything cost more in ARS because most prices are tied to US dollars. So you end up having the same. If you have saved in ARS, with the same money you could buy a lot less things