:eek: Salih Mohammed
:bow:
Cheers!
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oops, guess I could of inserted a few periods in there. I do that when I am writing something that excites me. Its crunch time people.
That's all right Dinareffic, I do that when I talk when I'm excited...been talking a mile a minute since yesterday morning! :flame:
My server has been down since Saturday night, I could look in here, but not post....I going FREAKIN' BERZERK!! :woohoo: And couldn't even talk to anyone...so I called Choochie! :flame: :cheers: I swear, I felt like I was talking to myself! ( for the noobs, we are so similar it's freaky...like we were separated at birth...:wink:)
My oldest son's is the 7th! :cheers:
I love you guys too. :ro_emote: You see, if you really do the research and compare Apples to Oranges (1982 $10pb to 2007 $60+pb) You can see that the sky is the limit. Doesnt it make sense??? YES!!!!.
I want to show you all some other post. Doesnt matter if you like the poster or not. Read the Post, that is what is important that they put together. Oil and Cash is not the only support for a RV in Iraq. I dont care what anyone thinks. Plus remember this is Babylon.... And this is good info
Does Iraq have 15 trillion in Gold
Iraq Gold
15.65 Billion in Gold
------------------
9th line down------RESERVES .... 15 BILLION not TRILLION
Exports: $32.19 billion f.o.b. (2006 est.)
Exports - commodities: crude oil 84%, crude materials excluding fuels 8%, food and live animals 5%
Exports - partners: US 49.7%, Italy 10.4%, Spain 6.3%, Canada 5.6% (2005)
Imports: $20.76 billion f.o.b. (2006 est.)
Imports - commodities: food, medicine, manufactures
Imports - partners: Turkey 23.4%, Syria 23.1%, US 11.7%, Jordan 6.3% (2005)
Reserves of foreign exchange and gold: $15.65 billion (2006 est.) Debt - external: $81.48 billion (2006 est.)
Economic aid - recipient: $13.5 billion pledged in foreign aid for 2004-07 from outside of the U.S., over $33 billion pledged total (2004)
Currency (code): New Iraqi dinar (NID) as of 22 January 2004
Currency code: NID, IQD prior to 22 January 2004
Exchange rates: New Iraqi dinars per US dollar - 1,466 (2006), 1,475 (2005), 1,890 (second half, 2003), 0.3109 (2001)
Fiscal year: calendar year
Back when we were researching it. from other members. My Point is dont think Iraq can not support a hugh RV Now. This is not out of the line IN MY HONEST OPINION!!!!!!!!!!!!!!!!!!!!!!! Have a great Investment.
Quote:
Originally Posted by rodney ewalt
80 tons is 160,000 lbs of gold multiplied by 16 oz per pound is 2,560,000 oz of gold multiplied by oh... lets just say $400 per oz that's $1,024,000,000.
Some one correct me if I'm wrong but that's only a little over 1 billion dollars but hey.. that's still a lot of gold.
Anyway, I don't think there is any plan for Iraq to back the Dinar with gold. Is there any country today that backs their currency with gold? I'm thinking that most all if not all countries prefer a fiat system which is much easier to manipulate.
Besides all this, Iraq has the resources to develope a very strong economy not only with its huge potential oil industry but various other industries that will do much to support the Dinar. Just my opinion.
You are off by 3 zeroes....It's trillion. The amount of gold was not quoted...It was the value which was stated as $800 Billion (with a "B") at 1980's prices. So I know we are talking in the trillions today.
I am not saying they will be on the gold standard, but they were then, as were most other countries in the Mideast at that time.
Quote:
Originally Posted by bubbajr
I work with Gold!
Gold is weighed in Troy Weight;
1 Ton = 2000lbs X 12 ounces =24000 X (What $ value is that day per onuce) X 400 Tons = what
So if you are saying that they have 400 tons of gold, it is off of our calculators.
I hope this will help some people to understand gold wieght
Troy Weights
24 grains = 1 pennyweight
20 pennyweights = 1 ounce
12 ounce = 1 pound
Not off my calculator
2000lbs x 400 = 800,000lbs
800,000lbs x 12 = 9,600,000 ounces
9,600,000 ounces x $619.60 = $5,948,160,000 USD
So just short of 6 billion USD
OR equivalent to 8,089,497,600,000 Dinar
That is just over 8 trillion if you don't want to count all the zeros!
After Reading this Post I have started a Poll Here: http://www.rolclub.com/rumors-predic...n-support.html
http://smileys.on-my-web.com/reposit...e/rainbow1.GIF
Happy Birthday to mini Tiff! er that would be tuffany seeing how he's a boy, LOL http://smileys.on-my-web.com/reposit...s/piccolo1.gif