Global Economic System & Stock Markets

[PussyinBoots]

Thanks to you SilkY I've put my life savings into the Syrian Pound.
With a such a stable economy and country, it's a slam dunk.

Thanks m8!
I'll get you a beer next time I see you.

 

[PussyinBoots]

For some reason Chatgpt disagrees with you Silky. But what does he know?

Should I invest in the Syrian pound?

ChatGPT said:​

Short answer: Almost certainly not.
Longer answer: Let’s look at why investing in the Syrian pound (SYP) is extremely risky and generally a bad idea unless you’re a high-risk geopolitical investor (and even then… yikes).

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Here’s Why You Should Avoid Investing in the Syrian Pound:​

1.​

• The Syrian pound has lost most of its value over the past decade.
• The black market rate is massively different from the official rate — a sign of instability.
• Inflation in Syria is out of control due to war, sanctions, and economic collapse.

2.​

• Syria is still facing the effects of civil war, sanctions, and regional conflict.
• The government is under heavy international sanctions — this affects banking, trade, and any potential for currency recovery.
• There’s no real monetary policy stability to rely on.

3.​

• You can’t easily buy or sell SYP on global platforms.
• Even if you could buy some, good luck cashing out later.
• Any gains you might make on paper are basically unrealizable.

4.​

• No one wants the SYP, not even locals — most use US dollars or euros when they can.
• Without demand, there’s no upside.

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So When Would It Ever Make Sense?​

Honestly? Almost never, unless:

• You live in Syria and need the currency for daily life.
• You’re doing humanitarian or strategic work there and have specific financial needs.
• You’re speculating purely for curiosity with money you’re willing to completely lose.

 

[Happyhonkaman]

someone with the wherewithall do a quick scenario where the PROC followed his suggestion and invested say €1000 today

€250 West African CFA Francs

€250 Venezuelan Bolivars

€250 Serbian Dinars

€250 Syrian Pounds

We could check back on the thread every now and again to see if we have Warren Shitbeard, or SilkY Hobbs in our midst

 

[King Silkbeard]

Thanks to you SilkY I've put my life savings into the Syrian Pound.
With a such a stable economy and country, it's a slam dunk.

Thanks m8!
I'll get you a beer next time I see you.

Not saying you should invest your life savings or that you should trust the Syrian gvt but that seeing as other currencies are going to be impacted by the turmoil in the markets this country you know what you are getting into when you invest in the country & humanitarian agencies are doing good work so yeah it would be good if they would be funded.

 

[PussyinBoots]

Not saying you should invest your life savings or that you should trust the Syrian gvt but that seeing as other currencies are going to be impacted by the turmoil in the markets this country you know what you are getting into when you invest in the country & humanitarian agencies are doing good work so yeah it would be good if they would be funded.

SilkY you're bananas m8. Seriously. You've gone completely round the twist this time.

 

[King Silkbeard]

SilkY you're bananas m8. Seriously. You've gone completely round the twist this time.

Countries like Syria & Venezuela have been sanctioned for years now tariffs won't impact them. That is a fact.

 

[PussyinBoots]

Countries like Syria & Venezuela have been sanctioned for years now tariffs won't impact them. That is a fact.

Invest away Silky and let us know how you get on.

 

[King Silkbeard]

someone with the wherewithall do a quick scenario where the PROC followed his suggestion and invested say €1000 today

€250 West African CFA Francs

€250 Venezuelan Bolivars

€250 Serbian Dinars

€250 Syrian Pounds

We could check back on the thread every now and again to see if we have Warren Shitbeard, or SilkY Hobbs in our midst

I just thin that can't just rely on the same currencies traded on the stock market, other currencies offer value too.

 

[Happyhonkaman]

I just thin that can't just rely on the same currencies traded on the stock market, other currencies offer value too.

Set it up there - €250 of each of the currencies you suggested and update it once a week or fortnight for the craic

Who knows, we could have a wheelbarrow full of Venezuelan bolivars at the end which would probably double the value of the barrow itself

 

[King Silkbeard]

Invest away Silky and let us know how you get on.

I would if I had any money.