Thread: The main question

At least we are not seeing rumors pop up during all this. Looks to me that most are sticking to the facts found from research. Although I do enjoy the feeling of thinking we are close to being rich after reading the rumors.

I think I have hit rock bottom in this investment. I bought my Dinar while in Iraq and at the time the cost did not impact me. Since my return (now making MUCH less money) I am finding my back against the wall and almost in trouble with my finances.

I really wish they would do something! LOP...not LOP...at this point I just want the ride to be over...you know?

Duane

Every invesment I've ever made, always came with what I call 'the moment of truth'.

That is when the payoff is just around the corner, not yet visible...but still the promoting force of my original intent to see a profit. This 'moment' seems like it lasts forever, and I've learned to simply relax, breath calmly and wait for the momentum to bring me my desired gains.

It can be addicting..each time the rewards finally came, I found myself looking for the next gig, knowing I'd have to deal with that 'moment' again. But what a rush when your ship comes in.

I've heard it said, that faith is the substance of things hoped for and the evidence of things not seen.

Originally Posted by 40plus

Every invesment I've ever made, always came with what I call 'the moment of truth'.

That is when the payoff is just around the corner, not yet visible...but still the promoting force of my original intent to see a profit. This 'moment' seems like it lasts forever, and I've learned to simply relax, breath calmly and wait for the momentum to bring me my desired gains.

It can be addicting..each time the rewards finally came, I found myself looking for the next gig, knowing I'd have to deal with that 'moment' again. But what a rush when your ship comes in.

Let me reinforce your post a little bit with two examples.

(1) My dad used to be a boat dealer and he invested in real estate with his profits. He retired at age 36 after selling his business and by retire, I mean he no longer had to work a nine to five (even though he had owned the business, he still WORKED). He now buys and sells real estate, owner finances and he has done alright. But back when he was really getting into buying property (maybe 25 years ago) someone came to him with an opportunity to buy some major acreage but everyone he talked to said it was not a good investment. There was no major road to the property, etc. He passed. Fast forward to about five years after that. The property is now in the middle of a major business district with a major road cutting right along side what would have been his property line. He missed out on millions. He still regrets that decision.

(2) My grandfather is in the same boat as far as income earning. He buys and sells real estate. About 15 years ago someone told him about an opportunity to invest in a local bank. A couple of "business" men told him not to do it. The bank was local with on a couple of branches and things weren't looking that great. But he went with his gut and invested about $20,000 in the bank. about seven years later, that bank was purchased by a larger company and his investment made him about $100,000. Now that's not the millions my dad missed out on or the millions we all hope to make but two good examples of what were perceived as "long shots" that paid off for those who went along for the ride.

I don't know what will happen either, but I don't want to be on the sideline wishing I had done it. For the record, my dad holds about 15 mil of Dinar with plans to get some more if it doesn't reval in the next couple of weeks.

Chris

Originally Posted by Chris&Dana

Let me reinforce your post a little bit with two examples.

(1) My dad used to be a boat dealer and he invested in real estate with his profits. He retired at age 36 after selling his business and by retire, I mean he no longer had to work a nine to five (even though he had owned the business, he still WORKED). He now buys and sells real estate, owner finances and he has done alright. But back when he was really getting into buying property (maybe 25 years ago) someone came to him with an opportunity to buy some major acreage but everyone he talked to said it was not a good investment. There was no major road to the property, etc. He passed. Fast forward to about five years after that. The property is now in the middle of a major business district with a major road cutting right along side what would have been his property line. He missed out on millions. He still regrets that decision.

(2) My grandfather is in the same boat as far as income earning. He buys and sells real estate. About 15 years ago someone told him about an opportunity to invest in a local bank. A couple of "business" men told him not to do it. The bank was local with on a couple of branches and things weren't looking that great. But he went with his gut and invested about $20,000 in the bank. about seven years later, that bank was purchased by a larger company and his investment made him about $100,000. Now that's not the millions my dad missed out on or the millions we all hope to make but two good examples of what were perceived as "long shots" that paid off for those who went along for the ride.

I don't know what will happen either, but I don't want to be on the sideline wishing I had done it. For the record, my dad holds about 15 mil of Dinar with plans to get some more if it doesn't reval in the next couple of weeks.

Chris

I realize you only started posting recent, but you have my full attention. Only one thing, I wished you had starting posting sooner, thanks for coming out of the shadows.

Terry

I'm glad I came out of the shadows, too. I don't why I never posted before. I guess I just liked to read all the other opinions, do some research and just lurk. Recently, the news, rumors, facts, whatever that have been coming out made me finally register. I really have high hopes for this to work out. I also do some real estate speculation and the market, here at least, is in the toilet as of right now. I also own a home theater installation company and business has been slower than normal. BUT, I rolled the dice with some extra money I made on a job that I didn't expect to get so I figured it was money I could lose. I know that's crazy and I really can't afford to lose any money with a baby coming soon!! You have to be wise with your investing but nothing ventured, nothing gained. You have to spend money to make money. I can't think of any other cliches to throw out there but you get my point. Thanks again for the kind words and I'll keep putting in my two cents when I think it will do some good.

Chris

Originally Posted by Inscrutable

I agree. Maybe 10 or so years down the road the currency will be 100 to 1 but not now.
Simply look at the ICI for your answers, Iraq is again beig granted money. Nuff said.

10 YEARS...You can't really believe this. I think everyone would agree that the US will not be occuping/protecting Iraq in 10 years, probably not 3. Without a stable economy/currency Iraq will be free for the taking by Iran, Syria and who ever else without our support/protection. I may not be able to understand all the decisions made by the powers that be but believe in one thing if nothing else -- the US would not invest all this time and money ridding the area of Saddam and trying to enstill some form of a modern society, only for Iraq to fall into whoever's arms!!!

Iraq was in trouble with Saddam in charge and the dinar was worth about .30 in 2003.

Then we go in, get him out, help establish a government and all the multi-faceted aspects of restoring Iraq into what will become a booming society. If you research, you will find that a tremendous amount of development has already taken place and Iraq is beginning to be restored.

Remember when Chrysler was going belly up? Many investors dumped the stock and others grabbed it. Once Chrysler got help from outside sources, reorganized their debt..what happened? Did the stock go back up?

There is a MASSIVE amount of interest in the development of Iraq. At worst case, don't you think the dinar might possibly come back to say, half it's value in 2003? Or, how about if it goes to five cents..how much would you make? Bottom line, even though things could go very wrong, very quickly; I still believe the risk is getting minimized daily.


I have been dirt-poor a few times in my life and have had MANY opportunities to 'hit it big' with a variety of investments, but always hesitated. Just before I heard about the dinar I vowed to myself that the next time I get a tip that has some merit, after due diligence, if I can see the value of the risk/reward ratio..I will jump on it. Da Da, here comes the dinar and I could not convince myself that it would not go at least return to a nickle.

People seem fond of saying "invest only as much as you can afford to loose" and this is very sound advice. I've invested as much as I could afford, without loosing any other aspects of my life. Over the years, every time I re-evaluated the investment, I felt convinced the dinar would rebound..so, I stretched a little more, scraped up a few more bucks and bought again, and again, and again and again. Looking back, I think I went a bit crazy because if it goes to a penny..I am a millionare. It is crunch time. Nothing left to do now, but relax and let the medicine do it's thing.

If it flops, oh well, nothing ventured, nothing gained.

CONCLUSION: Relax folks. Pounding on each other only prevents you from being ready to enjoy your profits, or being able to deal with the loss and go on to the next thing with a rational mind.

Originally Posted by 40plus

Iraq was in trouble with Saddam in charge and the dinar was worth about .30 in 2003.

Then we go in, get him out, help establish a government and all the multi-faceted aspects of restoring Iraq into what will become a booming society. If you research, you will find that a tremendous amount of development has already taken place and Iraq is beginning to be restored.

Remember when Chrysler was going belly up? Many investors dumped the stock and others grabbed it. Once Chrysler got help from outside sources, reorganized their debt..what happened? Did the stock go back up?

There is a MASSIVE amount of interest in the development of Iraq. At worst case, don't you think the dinar might possibly come back to say, half it's value in 2003? Or, how about if it goes to five cents..how much would you make? Bottom line, even though things could go very wrong, very quickly; I still believe the risk is getting minimized daily.


I have been dirt-poor a few times in my life and have had MANY opportunities to 'hit it big' with a variety of investments, but always hesitated. Just before I heard about the dinar I vowed to myself that the next time I get a tip that has some merit, after due diligence, if I can see the value of the risk/reward ratio..I will jump on it. Da Da, here comes the dinar and I could not convince myself that it would not go at least return to a nickle.

People seem fond of saying "invest only as much as you can afford to loose" and this is very sound advice. I've invested as much as I could afford, without loosing any other aspects of my life. Over the years, every time I re-evaluated the investment, I felt convinced the dinar would rebound..so, I stretched a little more, scraped up a few more bucks and bought again, and again, and again and again. Looking back, I think I went a bit crazy because if it goes to a penny..I am a millionare. It is crunch time. Nothing left to do now, but relax and let the medicine do it's thing.

If it flops, oh well, nothing ventured, nothing gained.

CONCLUSION: Relax folks. Pounding on each other only prevents you from being ready to enjoy your profits, or being able to deal with the loss and go on to the next thing with a rational mind.

Originally Posted by 40plus

I think I went a bit crazy because if it goes to a penny..I am a millionare.

So you have 100 million dinars...and that is just a bit crazy? LMFAO!! That is totally insane. Good on ya mate!!