Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by mogo

Still can't see anything happening anytime soon with these dinars there are still 100's of millions for sale on ebay

if something was iminant surely all would disapear of ebay,prices have crept up a little though just my thoughts and when i see no dinars for sale on ebay i will be happy chap

regards
Tony

Interesting,

If you look at all ads on eBay you will note that they have the option to refund you if they choose, and simply put, if peg happens during auction, you will not get your dinar, this you can bet on. This is why you will see auctions contunie right up to peg, and from the point forward, you won't be seeing any dinar for sale until the dust settles if allowed to float. Many predict a new market will emerge which will compete with FOREX, so this should be interesting to watch, even if you are not yet invested.

Good luck to all, Mike

Most of the people I talk to have the opinion that only a fool would throw money at the Dinar considering the unstable situation in Iraq. IMHO I tend to disagree. Since the new Dinar is a joint effort between the U S Federal Reserve and the Iragi Banking system this is not designed to fail. Instead of the Dinar value depending on the success of Iraq as people believe I think the success of Iraq depends on how the waring factions in Iraq respond to a nicely valued Dinar.
Anyone agree or dissagree?

Best Wishes, Petunia

I'm with you Petunia. I don't hold out any real hope of a quick revalue (although it would be nice!), but in the long-run I think it's a good investment. If it takes 10 years to rise to a decent level I'll be happy. If it takse 10 weeks I'll be over the moon!

petunia, nej,

I love your attitudes and spot on. As much as we'd love this to be a get rich quick scheme over night there is the probability it will take time. How long? Well, noone has the answer to that I'm afraid.

What I can say is I believe things are happening quicker over there than most imagined, and some who have thought it could take 5 to 10 years now think around 3 years. The bottom line is Iraq will join the GCC around 2010, when that happens their currency has to be in the region of the other countries out there, ie at least .26 to the dollar. If it takes time then I'll buy more in between.

My own thoughts are that with the sign of it being listed on exchanges now and even Bloomberg, that this is a sign that 'convertibility' is around the corner. The next 2 months my guess. Once convertible, we'll be able to exchange in banks or invest in Iraqi businesses on Forex.

I feel a reval is in the off which will correspond with convertibility. It may be small, something like .10 to the dollar. But it's when it'll be allowed to float as it will be on the markets the dinar will go up in value. But then others think a reval of 1 to 1 is possible, we really don't know yet. Higher the better of course!

Security is also an issue but meetings are taking place weekly to try and curb it between the leading parties.

The other thing you must realise is the Kurds gave up their exchange of around .32 which it was when Saddam was in charge. Now there's no way they will accept anything less in the future, why would they? They'd be losing out. My guess is some sort of agreement has already taken place.

As Mike has said before, you do have a lottery ticket here, a winning one, convinced of that, we just don't know which draw it will come off. Petunia, I told one friend about the dinar, who shunned the whole thing. His loss. Now I keep it to myself and Mrs Adster, that's it.

Convertibility is the key, once we're there, break open the champagne.

Interesting,

If I told you how many times I heard the same thing from so called investment consultants, bankers, and everyone else under the sun when I jumped on Kuwaiti dinar bandwagon, you wouldn't beleive it. Well, the three of us who did invest by chance did very well, and my two associates are millionaires ten times over, me, I was a little more skeptical, so I only put a few grand into it, but came out with six figures, so I was happy.

The point is, no one is an expert on these rare one off situations like Iraq, all I know, I was not going to miss it for I still kick myself for not putting more into Kuwaiti dinar. I see Iraq as a ten times better investment than Kuwait, and maybe even 50 times or more, so I am not taking any chances, so I put in ten times what I did in Kuwait. Most don't have a clue, so don't let others influence your decisions is my best advice. You have to be in it to win it. (g)

Good luck to all, Mike

hy adster grate post . that about sums it up$$$

Hi to all dinar holders
Mike, I'm with you all the way to the bank.

Have a great day
teshema

Originally Posted by treasurhunter1

Hi Mike and Adster,
I have purchased Dinar and have been reading about the ISX. I do have some questions. Living in the US, how would I go about investing in the ISX? Is there a way to use some of the Dinar I physically hold now, or do I need to open an account with an Iraqi bank first? Will convertibility solve this? I really have no idea how to go about any of it, just know that it sounds like a good thing to do. Any help you can offer will be greatly appreciated.

Thank you in advance,
treasurhunter1

im not as fine a gent. as adster or mike but the way i understand it is that right now the denar is not worth anything . After it gos international it will be given worth and at that time you can exchange it to us$$$$$ at the rate it is going for at that time

Originally Posted by treasurhunter1

Hi Mike and Adster,
I have purchased Dinar and have been reading about the ISX. I do have some questions. Living in the US, how would I go about investing in the ISX? Is there a way to use some of the Dinar I physically hold now, or do I need to open an account with an Iraqi bank first? Will convertibility solve this? I really have no idea how to go about any of it, just know that it sounds like a good thing to do. Any help you can offer will be greatly appreciated.

Thank you in advance,
treasurhunter1

Good question,

Once peg is made it will open up, and although having an account now is one way to invest now, we are all waiting for revalue which should jolt stocks up as well. I would not open an account at this point until we know more on what we can access. I know Free-Dinar is planning on other investments for members, so if you are not yet registered, you can do so for free at the moment, and it may be what we are all looking for, an agent in Iraq to act as our power of attorney to invest in many ventures, not just ISX. Time will tell.

Good luck to all, MIke

This whole Iraq thing was manipulated from the start by the Bush administration and several corporate entities IMHO. They have everything to gain by making Iraq an international securities power. That is why I agree with you all who think things are happening behind the scenes to bring this plan to fruition as soon as possible. "Maybe sooner than we think".

By the way SLGLF has gone up 500% since I posted info in the stock thread.

Best whishes, Petunia