RollsRoyce update thread

[PAn8tv]

You know, I was thinking about that whole 'everyone cashing in' thing (at any significant rv amount); let me throw this thought out there. Small investors who really need the money will likely cash in right away. Large investors very well might sit on it. The dollar has depreciated 10% over the past year, so it and anything pegged to it is losing value. China could rv the yuan (which is also pegged to the dollar,) but it's predicted to have a substantial market correction soon, not to mention the environmental consequences of its ballistic industrial growth is catching up with it. Other currencies like the euro and yen are doing better than the dollar, but they are also present and future customers of ME oil. Try stepping back and looking at it really loooong term. What part of the world is likely to have the strongest currency with something substantial that everyone else in the world needs to back it up? Let's not forget the tax liability of doing so in there as well. If you were independently wealthy and didn't need any of the proceeds of an imminent reval, would you really cash it in for another currency?

Good point zipper, in all actuality how much is estimated to be held by investors like us and the other forums? Plus a lot has been said about the major players holding for futrure trade considerations on oil. I think we will be just fine.

[MrsCK]

I think we don't know the full extent of the official amount they have to back their currency. We are kept guessing until they are ready to reveal what their plan is. I only hope it is with this current rumor and we are at the end of the ride.
Come on Dinar.
WOO HOO
LIT

Yes I totally agree and as the famous sgs would say "S O O O O O O T"

[dinartank]

1st you say they can't do it because they are lying about the reserves, Then you say they could do it if they are giving us false info?

Yes thats what im saying they can not do a rv at that amount if the figures they give us are indeed honest and factual.....if its false like a smoke screen then yea maybe they can. But i doubt it... I believe there are trillions in the hands of speculators.

[MrsCK]

Yes thats what im saying they can not do a rv at that amount if the figures they give us are indeed honest and factual.....if its false like a smoke screen then yea maybe they can. But i doubt it... I believe there are trillions in the hands of speculators.

oh but remember back in Sept or Oct - sgs stated that CBI has "two sets" of books - so until after the RV I'm sure the world will not see the true amounts that iraq has.

[dinartank]

You know, I was thinking about that whole 'everyone cashing in' thing (at any significant rv amount); let me throw this thought out there. Small investors who really need the money will likely cash in right away. Large investors very well might sit on it. The dollar has depreciated 10% over the past year, so it and anything pegged to it is losing value. China could rv the yuan (which is also pegged to the dollar,) but it's predicted to have a substantial market correction soon, not to mention the environmental consequences of its ballistic industrial growth is catching up with it. Other currencies like the euro and yen are doing better than the dollar, but they are also present and future customers of ME oil. Try stepping back and looking at it really loooong term. What part of the world is likely to have the strongest currency with something substantial that everyone else in the world needs to back it up? Let's not forget the tax liability of doing so in there as well. If you were independently wealthy and didn't need any of the proceeds of an imminent reval, would you really cash it in for another currency?

It is my belief that most people invested in this are just avg people...people that are already wealthy wouldnt make such a gamble on this maybe a 100k so roughly hold 100 million to 120 million at an RV this they will not hold out on cashing in they will jump into a whole new class of wealth...I can see then not cashing everything in just as us small holders...Living in a million dollar home to living in a 21-30 million dollar estate, several homes and lots of toys...so yes I believe they will be cashing in a majority of there holdings. The thing to think about is after the RV ...in about a year down the road big rich speculators may jump on..but not right away...as right after the RV the investment will have met its peak for the time being if it were to RV at a high rate..going from less than pennies on the dollar to being greater or equal...my opinion Tank

[dinartank]

oh but remember back in Sept or Oct - sgs stated that CBI has "two sets" of books - so until after the RV I'm sure the world will not see the true amounts that iraq has.

while this is true as the call the rate now as the program rate in articles and bank of baghdad still list the currency at a high rate in the stockholders report.......I just cant see a a RV that high...So the cbi in your opinion are lying??.....Also good to see you posting again..you have any info to share about your contacts

[mountaingirl]

I know if the dinar rv's at the $3.45 or $3.47 amount I will only cash in maybe 2 mill. and sit on the rest for another yr. or 2 knowing that the value is only going to go higher. I am also willing to bet that there are a lot of people that will be doing the same.
My point being that speculators will not all cash out at once.

[apwerner]

Please do. You could also PM me.

Yes, cigarman, please tell us if you know somehting. You can PM me too. I don't mind. I'm just getting more and more confused.

[mountaingirl]

Yes, cigarman, please tell us if you know somehting. You can PM me too. I don't mind. I'm just getting more and more confused.

I was referring to Duck2000's post.

[billknows]

Someone asked what exactly we were celebrating?

If it is true that the pension law has been passed, then it must be linked to a reval of the currency.

The cost of pensions at the low dinar rate would cripple the governments budget of 42 Billion USD. There would simply be no where near enough dinar in existence to cover pensions plus other government priorities.

At $3.47 USD to 1 Dinar - the existing money supply would be ample to cover all of Iraq's ambitious programs.