Quote from: Beerwizzard on Today at 07:08:32 AM

Quote from: g-uid on March 14, 2022, 11:10:21 PM

Let's say you have $100,000USD and you're dealing with a currency that is rapidly losing its value versus the USD, in this case take TRY.

You're a soothsayer and know that TRY is going to hell in a hand basket, so here's one way to profit:

1. Take a loan for the equivalent of $100,000USD in TRY; use your USD as proof that you can pay the loan in a heartbeat
2. Once you have the loan, push your $100,000USD out of the country. Leaving it in the same country as TRY makes it subject to forfeiture and forced conversion that is inevitable in order to protect TRY
3. Use the loaned TRY to buy real estate (preferably in a dense urban area). You don't want to buy rural because of the taxes. You want to buy urban because of commercial real estate potential
4. As TRY continues to lose value, siphon small amounts from your USD to pay the interest of your TRY loan

over time you will profit like a king.

Well, some points are already explained on previous post but I'd like to add that even if you are lucky with your own roadmap you gonna be very surprised when you find that real estate prices are not rising as fast as TRY inflates and since you can buy and sell real estate in TRY then by buying real estate you will get an asset closely tight to TRY rates. Ofc it is better than burning your money in inflation but it is still a bad example of investing. In your example it would be much better just to buy USD (or stablecoins) and later repay your loan.

Hahah. Okay you guys know everything.

Power to you, and good luck!