Thread: Gold and Agriculture

Originally Posted by kiko

Great Post Gloribee!

By all the articles and importance of the all, we forget sometimes other assets of iraq that are also very imporant!

Which is why after the RV, if possible, hold some Dinar to the side for the future. Oil will always be the main engine but once all their other resources are being exploited the dinar's value will continue to grow and you can cash in for even more. And that's the name of the game.

When I try to to share what is realy going down in Iraq and the opportunity
it brings. I have come to understand that most people can not (will not) see.

Then we have people, which includes every one here, like Gloribee.

Thank you so much!
Arkie.

A BIG thumby there for Arkie & Glorybee.... well said & thought on that really needs to sink in for MANY ... and those many are growing in RC....

Awsome work Gloibee I'm sure many of us have been thinking about these other resources but I believe you're the first to actually do some research and find us some great information.

Originally Posted by Gloribee

Sorry to all, I did attempt to post this morning, but Marek did what he had to do...protect this site. here are the answers to my excitable qustions.

Gloribee

Hi all.



To start off I’d like to apologise if my extreme excitement was taken wrong. I am probably my own worst enimie when its comes to wanting proof about issues I am following up on before I post. Everyone needs to read as much Information as they can to be able to make there own decisions based on our Investment. As well thanks for all the PM’s offering article’s and link’s. They helped me a lot.



As most would know, I’m not that great at finding worthy news articles, as most can tell from my postings. By the time I come across a news item, someone has already posted it three days earlier. I find I am much better at e-mailing people, making cold calls to companies and agency’s. Sometime’s people loosen up and tell a little more than they should, or realise what they have told. Thus my “ Read Between the Lines “ comment. These tidbits are what lead me on my searches.



Oil news is very transparent in the news coming out of Iraq, and has been basically flogged to death. It’s the other issues that can sometimes get missed. That is why I’m currently following the “Gold “ trail and the “ Agriculture Industry “. These are another couple of major sources of income for Iraq and receive little exposure in the “ left wing press “. Bastards, sorry, its true.





Gold


As has been bantered about on occasion, some feel that oil alone can not back a large increase in the dinar. I for one believe it can, but wondered if it alone can not in fact back the increase, than what else doe’s Iraq have that can back it. We all believe, and with proof I might add that a large Reval is soon to be.



So how much gold doe’s Iraq have, was one of my questions. The reason I pushed hard on this was I have heard from three different people amounts ranging from 28 to 32 tons. This is a lot more than the current number of 8.5 tons. When I called someone I know who’s has a some what understanding of how this work’s he was kind enough to explain in a language I can understand.



His suspicions are that the 28-32 tons were due to the following:



A- This amount is the known amount being held in Iraq, plus



B- Proven ownership being held by foreign banks, plus



C- Questionable ownership, still requiring Investigation. These are accounts were the trail leads back to Iraq, but must still be proven, but have a reasonable amount of evidence to pursue for the return to the place of origin. ( Iraq )



Another question I had was how do you move this much and not be detected or noticed? The reply was for the most part it will be in the form of precious metals certificates and not the “ Drop it on your foot and go Ouch kind “



Proving ownership is a very involved and long process. This could take years in some cases, but could be used in there accounting of assets.



Another point he mentioned with-out me asking, was cash deposits. This is in the Billions and no solid amount is known. The hard part is decieding who really owns what. Wealthy Iraqi’s moved large sums of money out of the country and are in fact the legal owner’s, but have had their account’s frozen. The ounous is on them to prove they are legally entitled to these account’s. Again a timly process.



In the late stages, before the Invasion, large amounts of money were moved out of country. These were hidden in a sloppy manner, due to the urgency they had in getting out as much as possible and were credited back to Iraq with little time required to prove ownership. The harder issues are the shell companies, off-shore accounts, multiple Identities and such. You have to remember, it was not just Saddam piliging the country, but many individuals. This is what make’s it hard to track.



While Iraq is diligently trying to trace these stolen accounts, they do not want to take fortunes from Legitimate Iraqi’s, who transferred funds abroad, but now have their account’s being questioned.





Agriculture


This was my second question, and here is the reason why. For those who are not familiar with Canada, Saskatchewan is a major farming province, with thousands of farmer’s. This is why Agriculture tweaked my Interest. If you live in Saskatchewan it is hard not to know at least a dozen farmer’s, LOL



As we all know, Iraq has large reserve’s of water. I keep hearing that Iraq want’s to be a major exporter of food stuffs in the ME. What got me to thinking about this was How? I never really gave it much more thought than that until a friend, who also works for a major farming Implement dealer told me the “ buzz “ around his office was that the parent company was in the running for a major contract or at least a part of to sell and ship many, many millions of dollars worth of equipment to the middle east. I said Iraq? He did not know this part.



At first I thought some Iraqi people were here to get bids to supply equipment, but he said, no, usually brokers take care of these types of issues.



As well Iraq has been giving out Agri. Grants and is sending and paying schooling fees to some educated Iraqi’s to better themselves in the area of agriculture. Why do this, if you plan on just living off oil?



Now the part that really got my attention was this, the contract is to begin shipping in the first part of the New Year !! Now how are they going to pay? Not going to send a boat load of oil, definetly not credit, Iraq is not going to pay in US $ or Euro’s, They need these to pay off purchaces of the dinar buyback program that Scota so graciously keeps us up to date on.



So how are they going to pay? With Dinars is my bet. Which tells me it must be Internationally convertible !! Which to me says….Reval.



So there you have it. Gloribee is not all that good at hiding her excitement. Sorry if hard feelings were made, but I just want to provide good Information for you, and not something that needs lots more Investigation.



Please feel free to add any articles or comments to this thread. As more Information comes my way, I will add them here. Again, thanks to all who sent, by PM, articles, links and supportive comments.



Gloribee

My imagination ran wild when I read this, but, for what it's worth Gloribee, you would make an amazing archeologist. I can just see you digging into the crevaces for every small detail. Thanks for all your hard work and attention to detail, as well as your desire for it to be credible. I think I will make a visit to our university (formerly Oklahoma Agricultural & Mechanical College) and begin asking questions as to any involvement in foreign student exchange programs with Iraq.

Hi Gloribee,

Thank you very much for compiling that piece of info which is so interesting. Great job, keep it flowing more and more.

Your fellow Canadian from Toronto.

The New Year definitely looks more prosperous now. Happy New Year to everyone at RC.

Originally Posted by Manu

Hi Gloribee,

Thank you very much for compiling that piece of info which is so interesting. Great job, keep it flowing more and more.

Your fellow Canadian from Toronto.

The New Year definitely looks more prosperous now. Happy New Year to everyone at RC.

Thank YOU Manu and all the best to you too and for dropping in and airing your support for ROLClub we hope you get what you seek with all these wonderful gathering of GREAT members...resourceful and dedicated to a fruitful outcome someday for all involved here...



YB. - cheers and A Happy New Year to your prospects and well deserved prosperity to come...




.

Iraq Reserves of foreign exchange and gold

Reserves of foreign exchange and
gold: $9.161 billion (2005 est.)
Rank: 56

Definition: This entry gives the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country's balance of payments needs as of the end-date of the period specified. This category includes not only foreign currency and gold, but also a country's holdings of Special Drawing Rights in the International Monetary Fund, and its reserve position in the Fund.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of November 1, 2006

Millions of Dollars of Gold Bars Found by Coalition Troops in Iraq-Fiction!


Summary of the eRumor
This eRumor is mostly in pictures.
One is an American soldier holding a gold bar.
Another is a picture of gold bars being removed from a truck and stacked on pallets on the ground.
One picture is of what appears to be a hoard of gold bars in a tunnel or underground bunker.







The Truth
There was a lot of publicity in May of 2003 when military forces in Iraq started discovering caches or shipments of gold bars.
One find in a truck in Iraq was estimated to be worth $500 million.
According to a Reuter's report from August 1, 2003, however, later testing of the more than 1,000 bars that were found revealed they were not gold but mostly copper and zinc.
The experts said they were melted-down shell casings.
According to the Reuters report the revelation of the true content of the bars was made in a report to Congress about the reconstruction effort.


Millions of dollars of gold bars found in Iraq-Fiction!

Originally Posted by neno

Remember this is Ancient Babylon. It is and will be the Riches and most Valueble Country In the World.

Exactly! Has anyone thought of this also.... That since there is such a rich history there that TOURISM is a VERY big potential money maker for this country. I know I would love to go see some of the old ancient sites in Iraq. Well the ones that have not been destroyed from the war, unfortunately.