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>if it's a good investment, then it's definitely not a good currency The Bank of England would like a word with you.
by eurasiantiger 4y ago
>if it's a good investment, then it's definitely not a good currency
The Bank of England would like a word with you.
- nradov 4y agoThat's kind of the point. Currencies which are pegged to other currencies at fixed exchange rates aren't good currencies at all. They're subject to sudden catastrophic revaluation. Fortunately most of the major fiat currencies now have floating exchange rates so that's generally no longer a problem.