The rise of the Ruble

[mistermack]

While the value of the Ruble is what it is, the fundamentals give food for thought :

http://www.zerohedge.com/news/2014-12-1 ... r-or-ruble

The current fall of the Ruble is more a response to the high value it was previously holding, due to high oil prices. It's probably at the right value a the moment, given the current climate.
But long-term, it looks a better bet than the dollar. Stocks in the US are commonly described as extremely over-valued in financial circles. But while they keep changing hands at these levels, the dealers won't be bothered.

Longer term, it's likely that the oil-producing countries will out-last the US shale industry.
Oil prices will climb again, and people who are stocking up on Rubles now will see a hefty profit.

The Russians have plenty of reserves, as mentioned in that aricle. They can shed them gradually, buying back their own Rubles without driving up the price too much. I have a feeling that the Russians are as pleased as anyone that the Ruble is low. It's money in the bank, in the long-term.