will dinar every be worth something
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will dinar every be worth something
Actually, it's worth something now. If you hold a million dinar, it is worth just over $800 US Dollars. So maybe your meant your question to be "Will the dinar ever be worth anything substantial?". That's the speculation part of this whole investment. No one can say for sure, but we are all invested because we believe it can happen. Some folks think it could happen soon, while others think we're a long ways off. If history is to repeat itself (which it tends to do more often than not), then yes, it will be worth something... Since, historically-speaking, it had a relatively decent value prior to the Persian Gulf war. The only question, which no one can answer, is when.
Sure, one pip at a time. (For me at around 19 bucks per pip.) Question is, how much tolerance do you have to wait for the profit you desire under slow-grow, or at what point do you dump for break-even or small profit in case of all-out civil war in the region probably leading to dinar depreciation, or the unlikely event of forcing you to trade or lose New Iraqi Dinars for even Newer Iraqi Dinars in case of a lop and reprint, (most likely time for that will be when it hits 1000 to 1). One scary thing is this rumor that Chase is no longer buying back dinars, but havent confirmed that yet, however you can guarantee that if/when they or any other US bank does, the fees will be substantial and could wipe out anything you have gained.
Bottom line.. too many variables right now to answer your question.
If there is no talk of a reprint then hang in there and dream of a condo in MX (along with many other places).:thumbsup:Quote:
Originally Posted by Bungalobill
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Originally Posted by sexydinarlady
Several places and a yacht of course! :banana::party::biggrin:
When it gets on the open market.Quote:
Originally Posted by johnshaw
Of course, party time. May have to be patient though.:woohoo::leader:Quote:
Originally Posted by Bungalobill
Boy am i glad i didnt recommend this investment to anybody.
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Originally Posted by arvie
Me too...:toofunny::toofunny::toofunny:
It will be worth something but only to the Iraqi's in the "New Iraq"
When you oven bake chicken cook it on a rack.
Who knows, maybe it was a good investment. It's kind of cool just to have it. What the heck, it only cost me about $25
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Originally Posted by marli
Tell you what! Ill take it off your hands for 30 bucks, then you can say you actually profited on your investment. Deal?:smiley:
It's not over till the fat lady sings & we aint lettin her in. Don't think she can get in because I think she was banned.
Disclaimer: This post is in no way referencing any former, present or future members of any forum.
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Originally Posted by johnshaw
Hold on to it. Dinar needs more time. Its not done in one day or two. Can realistic speaking take 1-3 years...
But i believe it will happen as we see more stability come to iraq in near future.
admin
I also believe in it's potential to become valuable and a worthwhile investment. IMO it is going to lead many to financial security. However, patience is going to be required. Just hang in there and see it through.
Hello,
Everyone better hold on to your dinar. This was definitely not a get rich quick scheme, I have been ssaying this since some time!
Keep the faith
PaulM
The Dinar - Will only be worth what someone else is willing to pay for it. Try finding a bank or an exchanger to exchange it for you - even at the rate you paid for it. It is not exchangeable and I doubt it ever will be. I do not recommend investing in this currency.
Start a demo account for the forex market and learn about currencies there. This is the wrong way to start your portfolio.
If I were going to buy a currency, I would start buying the yen or the euro at least you can exchange them at the bank.
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Originally Posted by bigjohnson
I have to agree with you, personally i feel if it is going to RV its not going to happen in our lifetime
i guess that depends on how long is left in your lifetimeQuote:
Originally Posted by arvie