Thread: A possible RV Date!!!

Ok simple is simple.......

Before the war it was 3.22...(yes inflated by Saddam blah blah blah really was valued at 1.40 blah blah blah or something like that.)

War hit...the changed the value overnight. Just like a light-switch. (click)

There is no real reason why they can't just revert back. Just like a light-switch. (click)

We can all contemplate on how it's going to go at nauseum...let's just hope they are just going to revert back to a rate that will get their economy FULLY on track with the rest of the world and in turn help their people and benefit those of us holding the currency. Just ma'2-cents...BEEP BEEP.

Originally Posted by apwerner

QUOTE: Bubba Dinar
Prediction:... No Revaluation!!..Will Return to Official Rate of $3.22.. No 85% Agreement of IMF members needed!!! JMHO

I have a question. How do they return to $3.22 without a revaluation? The 2 statements "No Revaluation" and "Will Return of Official Rate of $3.22" seem to contradict each other.

JMHO i think this means rv is just simantics,the dinar value will return to what it used to be. the reasoning being that as long as it is only good in iraq 1260 or 1470 will do but iraq will not open to the world at less than what they had.
my interpritation anyway.

Can’t buy into this doom & gloom about the RV of the ID. Remember the Kuwaiti Dinar RV. It’s been a long time ago, but I remember it coming in at about a $1.22 and rallied over $8+ USD before settling down to its current day prices.

The ID was I think about $3.44 before we went in. It stands to reason with the military finding the gold and money caches and other hidden holdings with added oil revenues I can’t see a RV of only pennies of the dollar view of all this. Iraq has more to lose by holding off for much longer. JMHO…

DesertWolf

Originally Posted by DesertWolf

Can’t buy into this doom & gloom about the RV of the ID. Remember the Kuwaiti Dinar RV. It’s been a long time ago, but I remember it coming in at about a $1.22 and rallied over $8+ USD before settling down to its current day prices.

The ID was I think about $3.44 before we went in. It stands to reason with the military finding the gold and money caches and other hidden holdings with added oil revenues I can’t see a RV of only pennies of the dollar view of all this. Iraq has more to lose by holding off for much longer. JMHO…

DesertWolf

Agreed

dESERTWOLF, is your siggy, the fat lady singing?

His siggy looks like a sign of satisfaction after having some Dong (Vietnam of course)

Originally Posted by DesertWolf

Can’t buy into this doom & gloom about the RV of the ID. Remember the Kuwaiti Dinar RV. It’s been a long time ago, but I remember it coming in at about a $1.22 and rallied over $8+ USD before settling down to its current day prices.

The ID was I think about $3.44 before we went in. It stands to reason with the military finding the gold and money caches and other hidden holdings with added oil revenues I can’t see a RV of only pennies of the dollar view of all this. Iraq has more to lose by holding off for much longer. JMHO…

DesertWolf

adds up just fine for me. i missed the rally you mentioned way back when.
how long did it last? i never thought about the dinar gaining value after a high rv.something to think about.

Originally Posted by SHIELD 464

adds up just fine for me. i missed the rally you mentioned way back when.
how long did it last? i never thought about the dinar gaining value after a high rv.something to think about.

Sorry, but I’ve been out of Vitamin E for a long time…

However, the rally lasted only a short week or two before it did a nosedive from the high end. My trusted friend made over $75M before taxes and I’ve haven’t heard a word from him since then.

This time through, I’m invested and be damn with the doom & gloom guys because this time through I’m NOT listening to them like before.

DesertWolf

Originally Posted by breakeven

Thanks to all those who are turning this into a great discussion. I take the liberty to borrow this line from someone else as well, "They do not have enough money to back a significant RV and "oil in the ground"will never be exactly the same as "money in the bank"

Your quote is correct, but for reasons opposite yours.

"Oil in the ground will never be exactly the same as money in the bank."

Certain commodities are considered MUCH better than actual money, because of their inherent future value. Oil is one of them.

Wonderful,

Nice to see a friendly upbeat thread on issue of revalue finally. Even with a couple newbies, it has been very respectful, so I just wanted to thank our new posters for joining in with their valued opinions.

We may not all agree, but it is always interesting to see opposing views. A reprint is not only not practical, there is no valid reason for it, but in time, yes, a shift in values will dictate when, so seeing a reprint of smaller denoms replacing the larger would be welcome by us all. (g)

So much has happened in the past couple years, and although there is much to do, nothing that I see would stand in the way of a restoration to former levels, so reverse analyzation serves me well. lol I tend to look at things differently than most, looking for the reasons why a revalue would not happen, and I just cannot find a single reason to stand in the way. Nothing of any substance comes up in my research, so it looks good to me.

Thans again for keeping this new thread on the upbeat and positive side, and thanks for maintaining the respect of all, regardless of position or opinion, it has been a refreshing read.

Good luck and health to all, Mike