The following information was posted at the other forum by DealOrBuyDinar. He is a reliable solid Dinar Dealer. With his kind permission he has allowed this information to be posted here also as it will be of interest to everybody.
"Dealer's rates will be going up
I've been asked to post any information of this nature here in the Rumor forum. I want to say that I typically won't post anything that is speculative in nature unless I'm pretty certain of it. What I am relatively certain of is that Dealer's rates will be going up in the next 2-4 weeks. More likely than not, in the next two weeks.
I am a Dinar dealer based here in the U.S.. I can tell you from my supply sources overseas, some of whom supply me directly and some indirectly, that the cost of Dinar stateside will be up by the end of April. It's not that difficult to predict. When the cost goes up at the source of supply, which it has, it's simply a matter of time until the cost increases here for the end user, which it will.
The higher priced Dinar is already in the pipeline. I've seen price increases in Baghdad the week before last, Amman, and Kuwait City this week by anywhere from $30 to $40 per million. So when dealers sell through what they have in stock now they will have to raise their prices just to maintain their profit margin as they begin buying the higher priced Dinar.
If the increased price triggers a rush of buying supply can run short and push the cost up further. In addition, suppliers have been reporting a shortage of small denominations in both Amman and Kuwait. As of this week they are beginning to see a lack of supply for the uncirculated 25K's and are even having difficulty coming up with circulated 25K notes. They will still take your order and payment but they don't have the stock and can't say when they will be getting it. This is also having an impact on price.
So we're seeing two factors that are contributing to the increased cost in supply:
1.) The increase in price at the source in Baghdad.
2.) The decrease availabilty of Dinar supply
Hope this information is helpful,
-Ken"
Please visit our sponsors
Results 1 to 10 of 13
Thread: Dealer Rates Will Be Going Up
-
15-04-2007, 06:22 PM #1
- Join Date
- Oct 2006
- Posts
- 16,540
- Feedback Score
- 0
- Thanks
- 2,036
- Thanked 16,455 Times in 10,096 Posts
Dealer Rates Will Be Going Up
-
Sponsored Links
-
15-04-2007, 07:49 PM #2
- Join Date
- Oct 2006
- Location
- south florida
- Posts
- 492
- Feedback Score
- 0
- Thanks
- 222
- Thanked 523 Times in 108 Posts
Hurry hurry the sky is falling buy now before the price goes through the roof or maybee even the possibilty of not being able to buy any..this stuff is HOT HOT HOT ...hurry time is running out. Im not buying this garbage! Ebay folks is where you can get what you want and in any size denominations theres over 600 auctions for dinar the suppy is not drying up! Sure uncirculated bills are comming harder to come across cause the currency is 4 years old going on 5..... what Us money thats 4 years old is brand new and crisp that u can find....um you dont..well maybe rarely and guess what were not an all cash society like iraq.....ahhhhhhhh I hate A@shol#s like this. Tank
Last edited by dinartank; 15-04-2007 at 07:52 PM.
Use common sense...the world may just start look different....its always fun to dream...and you never know they may come true ONE DAY
-
15-04-2007, 07:53 PM #3
- Join Date
- Dec 2005
- Posts
- 5,906
- Feedback Score
- 0
- Thanks
- 3,000
- Thanked 5,808 Times in 483 Posts
Funny thing is.
Ali at Iraq dinars Dinar Trade told me that yes in time it will go up. But he didnt say this as if it was a incoachment that you better do it now before the end of April.
What he did tell me once was, "I dont think President Bush Knows". lol So we go with the Markets and then Adjust our prices. That is the sign to me as a Straight Forward Dealer. Besides that he knows we can go to a Bank if he wasn't Straight we us.
-
15-04-2007, 08:38 PM #4
- Join Date
- Nov 2006
- Posts
- 387
- Feedback Score
- 0
- Thanks
- 30
- Thanked 588 Times in 74 Posts
incoachment-no such word. english please.
-
15-04-2007, 08:48 PM #5
- Join Date
- Apr 2007
- Location
- the SHOW ME state
- Posts
- 326
- Feedback Score
- 0
- Thanks
- 26
- Thanked 30 Times in 9 Posts
this site has a few english teachers, hall monitors, and spellcheckers, doesnt it, i mean dont it
-
15-04-2007, 09:10 PM #6
- Join Date
- Oct 2006
- Posts
- 16,540
- Feedback Score
- 0
- Thanks
- 2,036
- Thanked 16,455 Times in 10,096 Posts
The Dealer that printed this joined the forum and let the Admin know obviously that he was a dealer. He has been there for a few months and never posted any hype re dinar. He is not considered a hyper.
My stand on the dinar - I don't believe we will all be millionaires overnight. I wouldn't have posted this if I thought it was just a 'trash dealer post trying to push/hype the dinar.'
If you check ebay regularly - you will have noticed that the prices are now nudging up.
I believe the dealer is genuinely just passing on informative stuff.
So we shall see.Last edited by Seaview; 15-04-2007 at 09:13 PM.
-
15-04-2007, 09:34 PM #7
-
15-04-2007, 11:14 PM #8
- Join Date
- Oct 2006
- Posts
- 16,540
- Feedback Score
- 0
- Thanks
- 2,036
- Thanked 16,455 Times in 10,096 Posts
Thanks GSXR99. I know safedinar prices have gone down. I just think there is some truth in this - which is why i thought it ought to go on the forum. I'm interested in keeping an eye on this and seeing where it goes.
-
16-04-2007, 01:08 AM #9
- Join Date
- Aug 2005
- Posts
- 850
- Feedback Score
- 0
- Thanks
- 79
- Thanked 494 Times in 73 Posts
-
16-04-2007, 01:48 AM #10
- Join Date
- Oct 2005
- Location
- NJ, USA
- Posts
- 1,890
- Feedback Score
- 0
- Thanks
- 181
- Thanked 621 Times in 80 Posts
Nothing wrong with misspelling once in a while . We all Understand and Respect NENO ! You go get'em Tommy! Picking up for you My good friend! BOB
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.