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

Right, ok all, I'll answer as many as I can,

Why do Companies sell them?

Wouldn't you if you could make in the region of $200 for every $800 you sold? Do you not think that these people have their own millions set aside for themselves? come on now.

Changing currency? No way, highly unlikely, there are billions of these in circulation, the government have gone to extremes to go to 1 currency which this is, and everyone is happy with this. It would cost billions to start again with something else, not very likely.

Yes, if you order them through my referral they will be sent to you via UPS in the post.

Just saw Micky's post. Micky you have no idea whatsoever. Bush has written off a huge amount of Iraq's debt, why? because of the oil involved. As have major countries around the world. Oil equals money. Please don't talk about something you know nothing about Micky you're making a fool of yourself. If you don't want to know don't comment. Bush wants nothing more than Americans getting involved in the Iraqi currency, this is good for all involved.

As for the xe post, I answered that earlier with the link above.

As for NASDAQ, you have the right idea, well done!!

People, this is your choice. I'm pointing you in the right direction. Do your homework and judge for yourself. Yes, I earn a small commission in what I'm doing but I''d get more pleasure knowing that a lot had listened and had jumped on board themselves.

Up to you. Hopefully we'll all be well off.

Oooo, just bumping it to the top like others have done, lol.

Originally Posted by everwiser

Like anything else, it's all speculation. It could be really big or it could just be pretty wild wallpaper. The only real danger I see is that once the government of Iraq establishes itself, it may not want the current type of Dinar. It could go back to the drawing board, so to speak. If this were to happen before its present currency hits the Forex, there'd be a lot of people scrambling to get their Dinars exchanged and the only place to do it would be Iraq. In the event it were to happen as described, those so willing to sell them to you now "at such a good deal" will be the ones buying them back from you for far less than what you paid. Not saying I wouldn't look into buying any; just that one would need to look at all angles. Even the Kuwaiti Dinar they compare this to has been changed 2 or 3 times since 1991.

Interesting,

All investing is speculating, is it not? The fact that currency just dumped Saddam's face only a couple years ago is a pretty good indication they will not be printing any new currency again. The only reason currency is generally changed is to add anti-counterfeiting technologies, or a change in regimes, as was the case this time.

With US forcing democracy down Iraq's throat, and as was announced today, that constitution is expected to be signed shortly as more of the three groups involved are coming to terms. Will it happen, yes, when, who knows, but with so much at stake, who cares when, as long as we know it will be signed by all parties in Iraq.

With the cost of printing new currency costing more than the initial value, could it really go lower? The likelyhood is next to nill in our lifetimes. The other interesting factor is the demand and sales on dinar even without being on exchanges, this has never happened before. Then take into fact that Iraq is in news 24/7/365, this too has never happened before. Even if news is about deaths and civil unrest, most in the west don't realize this is normal as it was always like this, except it was gov. supported with Suddam pulling the trigger in many cases, personally.

What most fail to understand is that civil unrest dates back thousands of years, so will the killing ever stop, NO, but do we care, NO. Religious wars will last thousands of more years, but this does not mean life stops, and money is not spent, goods are not exchanged, people don't work, etc. There is enough oil reserves to generate enough to pay every terrorist more not to blow themselves up than they are being rewarded to blow themselves up currently is the most interesting factor of all. Imagine that, you could end all terrorism by simply paying them not to blow themselves up, sounds like a plan.

There are just too many factors here that have never been seen before in the history of investing not to take note of. Adster is right, there is so much that westerners don't have a clue about unless you spend weeks and tons of hours researching it. Anyone can refer to a few outdated opinions, but what you need to do is stay current as the factors to watch are current, not from last year when Saddam was first captured. Read current events if you want to be educated. Good posts Adster, you really did a great job reseaching this investment, so make sure you all visit his web site, it is a good education with many third party reviews.

Good luck to all, Mike

Look at it this way, as a bet. If you say there is a 5% chance of it coming back and the currency will be worth more than 20 times what it is now, then it is a good bet. The range of the valuation, and likely returns is clear, but what probability of its return will you assign? To me, weighing it all up, its a good bet. And folks sorry to shatter your illusions but thats all investment is.

well I wondered if I would ever see this on this site I have been in Kuwait since Jan. 04 and the selling of dinar has been going on since before then and it is a gamble allthough I think a good one there is a lot of info on the following foums.

www.investorsiraq.com

www.dinaroutpost.com

everyone should remember the adage dont invest what you cannot afford to lose

that said read and decide for yourself I have alot of dinar and hope for an Oct. revalue of .40 cents but more realisticly thinking it will be early to mid 2006 and at .02 to.05 cents

currently Compass bank is selling dinar in the states as are a few others I believe and Bank of america is Compass banks main supplier of foriegn currency. Iraqi Dinar is also sold by the National Bank of Kuwait. It can also be found in Qatar,Dubai,Iran Pakistan,Jordan,Syria on and on.

As for Americans going to Iraq and killing thousands of inocent women and children..if you knew how to read the news you would see that it is NOT Americans blowing up roadside/suicide bombs in crouds of people.
There is alot going on in Iraq that alot of people do not know about because good news does not sell death and destruction does.
Daily the coalition forces work with and pay many contractors for re-building efforts and many other things too numerous to list.
The Iraqi government does this as well. The make up of these contractors goes from American to Phillipino,Indian,Pakistani,Turkish,jordainian,Syr ian,Egyption and the list goes on and on almost as many on the list as there are countries in the world.

Do not be foolish and say that the (EVIL MONEY GRUBING AMERICANS) are doing thing that you say this is despite some opinions a world wide effort and there are many countries that have a vested interest in seeing Iraq be a safe prosperous nation.
That includes MOSTLY the entire middle east.

OK I'll stop now. as I said earlier read and find out for yourself then make a choice. As for me it is a chance that I am willing to make because I do BELIEVE.


good luck all
Jake

Good post Mike. In total agreement. And thanks for your kind words!

Webwatcher, totally agree, there are no guarantees on anything, but if you do your research and homework then this is just too good an opportunity to let slip by.

If as Jake says the Dinar is even pegged at 0.02 to 0.05, you will have made a sizeable profit. Which is what we wall want to do with any investment!!

Personally, I think it may initially be pegged at quite low but it will rise very quickly on the Forex. As to the timescale, well, it's all coming together and will be sooner rather than later.

Just my opinion.

Adster.

I surely know more than you could ever dream of in your dreams...

And imo you who support this unethical offer the word "fool" is too mild to say the least!

Originally Posted by Adster

Right, ok all, I'll answer as many as I can,

Why do Companies sell them?

Wouldn't you if you could make in the region of $200 for every $800 you sold? Do you not think that these people have their own millions set aside for themselves? come on now.

Changing currency? No way, highly unlikely, there are billions of these in circulation, the government have gone to extremes to go to 1 currency which this is, and everyone is happy with this. It would cost billions to start again with something else, not very likely.

Yes, if you order them through my referral they will be sent to you via UPS in the post.

Just saw Micky's post. Micky you have no idea whatsoever. Bush has written off a huge amount of Iraq's debt, why? because of the oil involved. As have major countries around the world. Oil equals money. Please don't talk about something you know nothing about Micky you're making a fool of yourself. If you don't want to know don't comment. Bush wants nothing more than Americans getting involved in the Iraqi currency, this is good for all involved.

As for the xe post, I answered that earlier with the link above.

As for NASDAQ, you have the right idea, well done!!

People, this is your choice. I'm pointing you in the right direction. Do your homework and judge for yourself. Yes, I earn a small commission in what I'm doing but I''d get more pleasure knowing that a lot had listened and had jumped on board themselves.

Up to you. Hopefully we'll all be well off.

how long did the notes take to arrive internationally? Im just asking as moving soon and want to make sure they end up at whereever im going to be!

pablo,

From ordering to arriving took 8 days. And that's to England. :0)

Yet another country cancelling Iraq's debt. :0)))))

http://news.yahoo.com/news?tmpl=stor...1335779797.jpg