Thread: I urge everyone.....

Originally Posted by Adster

But you must also see that if they opened it at say .05 to the dollar then the country would be bought out? They have to open it high. At 1 to 1, people will offload but a lot of bigger investors like banks etc will buy at $1 to 1 dinar and hold onto them in anticipation of them going up even more.

It's very possible to me anyway.

Time will tell. I still doubt that it will reach 1 to 1, anytime soon. Yes there is a new government and positions are being filled, however there is still a lot of work to be done, to bring Iraq back to pre-war levels and this just isn't going to happen in the next 6 weeks! Until the violence has calmed down the Dinar will continue to sit at its current level. The message that I am trying to get across to those that invest in the Dinar is be prepared to wait for years, not weeks.

Originally Posted by kingpau

I agree with you Adster, but what I don't agree with is the timeline in which the dinar will rise to amount of $1. I think it will be a much longer period, maybe up to 5 - 9 years. All in all it would be a good investment to sit on, such as waiting for a CD to mature. But suggesting that it will happen in as little as 6 weeks, I believe is just a ploy to get dinars sold by sites that are selling them at a profit.

Hi Kingpau,

Just for discussion here..Can we really compare postwar WWII reconstruction with the current Iraq situation, given all of Iraq's oil and the business interests who are part of that? Also, since the conflict started (by no means has it ended) it has taken years to get to this point, has it not?

You are exactly right whatever, it is years since conflict in that part of the world and it is FAR from over.

Kozmar

Originally Posted by kozmar

You are exactly right whatever, it is years since conflict in that part of the world and it is FAR from over.

Kozmar

There will always be fighting over there, it's been going on for hundreds of years. Did it effect the rate? In the late 80s the dinar was valued at $3.22, so what does that tell us?

Originally Posted by kozmar

You are exactly right whatever, it is years since conflict in that part of the world and it is FAR from over.

Kozmar

Well, I try to take in as much as I can, and to me, one can't compare the rebuilding of Europe after WWII in the same way as rebuilding Iraq, given the technology we have 60 years later as well as Iraq's 'unique' resources in which the global economy has a vested interest. Also, Saddam had way too much control over the Iraqi fisc and the IMF, World Bank and foreign investors were aware of that. Wanna bet that sort of control will never be allowed to happen again? Still, buying Dinars is highly speculative as is many other ventures. I've got alot of respect for Adster, he's never steered me wrong and I invested what I could afford to lose in the Dinars (and if they peg I'll be one happy girl, that's for sure!)

Originally Posted by whatever

Well, I try to take in as much as I can, and to me, one can't compare the rebuilding of Europe after WWII in the same way as rebuilding Iraq, given the technology we have 60 years later as well as Iraq's 'unique' resources in which the global economy has a vested interest. Also, Saddam had way too much control over the Iraqi fisc and the IMF, World Bank and foreign investors were aware of that. Wanna bet that sort of control will never be allowed to happen again? Still, buying Dinars is highly speculative as is many other ventures. I've got alot of respect for Adster, he's never steered me wrong and I invested what I could afford to lose in the Dinars (and if they peg I'll be one happy girl, that's for sure!)

Thanks Kate!

There are no guarantees with anything, we know that. You have the right idea Kate, this is as good as a speculative investment out there. It only has to happen once in a lifetime to change our lives for the better. :0)

Originally Posted by Adster

There will always be fighting over there, it's been going on for hundreds of years. Did it effect the rate? In the late 80s the dinar was valued at $3.22, so what does that tell us?

This is exactly the type of information I am talking about. The value of the dinar was set by Saddam Hussein @ $3.22, it was not set by the world monetary fund. Saddam used this tatic (being the scumbag that he was, is) and only he and his close nit cronies got to participate in. The misinformation that the dinar was at $3.22 leads a lot of folks to believe it will return to that level. The actual value of the dinar at the time Saddam set the price was .32, not $3.22.

Check out the facts, that's all I am saying and due dilligance.

Originally Posted by whatever

Hi Kingpau,

Just for discussion here..Can we really compare postwar WWII reconstruction with the current Iraq situation, given all of Iraq's oil and the business interests who are part of that? Also, since the conflict started (by no means has it ended) it has taken years to get to this point, has it not?

I agree with part of your rationale here, however I was using the conflict of WWII to show that there were profits to be made back then and profits can be made now, it just isn't going to happen as quickly as everybody thinks it is.

The oil that Iraq has was also supposed to pay for its own reconstruction, guess what, it hasn't and until they get rid of Al Qeida and the rest of the scumbags holding Iraq back, it won't. Until the Iraqi's stand up for themselves, which they don't know how after being dictated too for three decades, we will continue to be there.

Originally Posted by kingpau

This is exactly the type of information I am talking about. The value of the dinar was set by Saddam Hussein @ $3.22, it was not set by the world monetary fund. Saddam used this tatic (being the scumbag that he was, is) and only he and his close nit cronies got to participate in. The misinformation that the dinar was at $3.22 leads a lot of folks to believe it will return to that level. The actual value of the dinar at the time Saddam set the price was .32, not $3.22.

Check out the facts, that's all I am saying and due dilligance.

Wrong, if you go onto the IMF's website you will see an OFFICIAL rate back in the 80s and early 90s which was the official recognised rate.

Originally Posted by Adster

Wrong, if you go onto the IMF's website you will see an OFFICIAL rate back in the 80s and early 90s which was the official recognised rate.

Hi Adster,

Havent spoken for a while - how are you ?

I have to agree with you to a large extent and hope that we are both right !

Just a thought though. Assuming that 1 Dinar is worth $1. Here in the UK where are we going to be able to exchange these for $, or even £ for that matter. I can hardly walk into Thomas Cooks currency exchange and exchange 100,000 dinar for $100,000, and my bank wont accept them either.

I would welcome your thoughts, mate.

Cheers

Peter