Read The Forum Rules: We have a clear set of rules to keep the forum running smoothly. Click here to review them.

Post Reply 
Argentina's 46% Stock Crash
Author Message
NoMoreTO Offline
Kingfisher
***

Posts: 896
Joined: Jan 2018
Reputation: 15
Post: #9
RE: Argentina's 46% Stock Crash
(08-13-2019 12:10 AM)LoveBug Wrote:  I’ve always wanted to go, this might be the time

I went back in 2012. There was the blue dollar.

In short, bring your USD cash, you can then either:
- Spend it locally at establishments which will give you a far better exchange rate than the posted international rate
- Exchange it at local offices (illegal) for Argentinian Pesos at a better exchange rate than the posted international rate

A friend and I had an idea, to take down a bunch of US cash, get it changed at the street level. Then bring back a huge chunk of the Argentinian Pesos (Acquired at lower price) to US, and change back at the posted level.

In theory you could go on vacation on a discount, depending how well you do on the arbitrage.

“Where the danger is, so grows the saving element.” ~ German poet Hoelderlin
08-13-2019 12:37 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like NoMoreTO's post:
Handsome Creepy Eel, Hillbilly
Post Reply 


Messages In This Thread
Argentina's 46% Stock Crash - Shifty - 08-12-2019, 10:45 PM
RE: Argentina's 46% Stock Crash - LoveBug - 08-13-2019, 12:10 AM
RE: Argentina's 46% Stock Crash - NoMoreTO - 08-13-2019 12:37 PM
RE: Argentina's 46% Stock Crash - BBinger - 08-13-2019, 12:49 PM
RE: Argentina's 46% Stock Crash - NoMoreTO - 08-13-2019, 12:56 PM
RE: Argentina's 46% Stock Crash - BBinger - 08-13-2019, 01:18 PM
RE: Argentina's 46% Stock Crash - NoMoreTO - 08-13-2019, 02:08 PM
RE: Argentina's 46% Stock Crash - perros - 08-13-2019, 08:47 AM
RE: Argentina's 46% Stock Crash - BBinger - 08-13-2019, 12:21 PM
RE: Argentina's 46% Stock Crash - Arado - 08-13-2019, 08:02 PM
RE: Argentina's 46% Stock Crash - BBinger - 08-13-2019, 09:13 PM
RE: Argentina's 46% Stock Crash - djk100 - 08-13-2019, 08:18 PM
RE: Argentina's 46% Stock Crash - Mekorig - 08-14-2019, 10:01 AM
RE: Argentina's 46% Stock Crash - BBinger - 08-14-2019, 12:11 PM

Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  The Decline Of Argentina Quintus Curtius 62 21,420 Today 06:29 AM
Last Post: azulsombra
  The coming economic crash thread SomeOneSomeWhere 39 3,348 11-30-2019 09:53 AM
Last Post: Kid Twist
  The Plane Crash Thread Dusty 67 7,960 10-26-2019 10:45 PM
Last Post: RIslander

Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication