Although it might seem that buying dollars have a return of 20% or more in a year, by the time you sell it everything cost more in ARS because most prices are tied to US dollars. So you end up having the same. If you have saved in ARS, with the same money you could buy a lot less things

I found this thinking about my home land - India..

Investing is what you do when you're not merely speculating on short-term returns, but are instead focused on long-term value creation. It is right to call it currency speculation, because instead of investing capital to create sustainable growth in something, you're just skimming the fluctuations using massive leverage.

Note: Not a finance person, just a personal opinion.

That's a contradiction.

Regardless, what defines speculation is not parasitism, it's uncertainty. And there's uncertainty in any investment as well. That's why there's no clear line between the two.

Go read my original post again. I am advocating against ambiguity in language, as this serves to obscure analysis. You are clearly happy to obliterate distinction, however, and have made no attempt at a positive argument why it is beneficial to discourse.

Language is a constant negotiation about the meaning of words, and I have made my position clear.

We can only communicate to the extent that we agree on the definitions of words, so for you to invent your own definitions, which contradict how other people use the word, as codified in dictionaries, then there's zero hope of reaching shared understanding.

It would be absurd for me to claim that "the sky is brown", the later argue that I was right all along because I'm defining "brown" to be "blue".