Thread: Rates, Dates, & Fates.

Originally Posted by mike brown

... can you please paste the email here!! thanks..

Hey. Shouldn't you be coaching a basketball game right now?

Originally Posted by lewscrew

Sorry I stand corrected, just ignore me. lol

hmmm.... you didn't help yourself to three helpings at dinner awhile ago did ya???

Originally Posted by DesertWolf

With a smaller IQD, like a 1K, 5K, you will be minimizing the exchange rate lost as the value rises on the IQD. Fore example, you turn in a 5K IQD for $1.26 you get $6,300 before taxes.

Now a week later the IQD goes to $2.26 the saved 25K IQD (NOT redeemed) now is worth $56,500 an additional income of $25,000 over the RV price at $1.26. The goal here is to hold off with redeeming the larger IQDs until the price is at its peek!

Having the 1K & 5K IQD give you the living income to maximize your profits. Case in point. A good friend during the Kuwaiti Dinar RV could have turned in his 10M KD for $10,200,000 and retired, but he waited until they peaked to over $7.50 USD and skipped town with over $75 million before taxes.

I would say that an additional profit of $64,800,000 was not only worth the wait, but proves Oldskiier needs a RV.

DesertWolf

wow. you actually KNOW someone who made money on the kuwait dinar? So, my plan to cash in large first and small later may actually prove to hurt in the long run. Since I only have a mil of mixed currencies, i had planned on turning in the largest ones first. The wisdom of the friend you posted about is really making me rethink whatever strategy i thought i had.

Originally Posted by ALL IN

Thanks cooldolphins now I understand. Did not think of it that way.
I have quite a bit and all I have is 25,000 notes and only because my bank says they'll take care of me.
They want my money when it rv's
Been with them for years and they've been good to me.

Thanks again

And why wouldn't they take good care of you. If you turn them in at lets say $1.26 you get your money. They on the other hand will hold onto the IQD notes until they go higher, even if t is for a week or two. They make more return on your early turn in than they could at gun point.

I think they have just too much money as it is, just MHO...

DesertWolf

Originally Posted by YogiBrood

hmmm.... you didn't help yourself to three helpings at dinner awhile ago did ya???

Nope, I guess I missed it today. That'll teach me.. lol

Thanks Yogi! lewscrew

Originally Posted by DesertWolf

And why wouldn't they take good care of you. If you turn them in at lets say $1.26 you get your money. They on the other hand will hold onto the IQD notes until they go higher, even if t is for a week or two. They make more return on your early turn in that they could at gun point.

I think they have just too much money as it is, just MHO...

DesertWolf

All excellent info Desert, thanks! I for one had never
even thought about it till now and it makes perfect sense.

Originally Posted by doublescorpio

thank you...but it was not me th at was down. I beleive the article states " 3 billion 111 million barrels of oil" not 3111 billion...that is a impossible number

Someone help me out here. Didn't Iraq have PROVEN reserves of around 150 billion barrels before the war? If they now only have 3 billion 111 million barrels, it'll all be out of the ground in a little over 4 years at 2M barrels per day. I saw the 3,111 billion barrel figure also. Maybe they meant 311 billion barrels. It's still a S-load of oil. Let's party!

Originally Posted by Caddieman

Just because I don't believe it will RV tomorrow at 3.00 to 1 does not mean I am not positive. Some people don't like to hear the truth. I will count you as one of those!

Caddieman, I agree that ALL opinions should be welcomed in a forum. I do not have a single problem with the differing views on when and where the IQD will end up.

But...What makes your opinion the truth? What makes your opinion more realistic than others?

NONE of us know how this thing will end. There is enough info floating around to back an RV from 500:1 to 1:5. Just because someone's opinion will give us 6,7,8 and 9 figure profits, do not mean it's not possible. Admittedly, it's hard to wrap my brain around it...but certainly possible.

Caddieman, my point is that no one's point of view is no more true or realistic than anyone else's. It's all a matter of perspective, which is largely dependent on our life's experiences. The truist or most realistic opinion will not be known until this thing happens.

Originally Posted by jpadrino

Someone help me out here. Didn't Iraq have PROVEN reserves of around 150 billion barrels before the war? If they now only have 3 billion 111 million barrels, it'll all be out of the ground in a little over 4 years at 2M barrels per day. I saw the 3,111 billion barrel figure also. Maybe they meant 311 billion barrels. It's still a S-load of oil. Let's party!

Last month sometime, there was an article posted in this forum about British Intelligence conducting tests, which indicated Iraq had over 1 trillion barrels of oil reserves....This intel came from the 1990's. I feel they have known this all along.

Originally Posted by cooldolphins

wow. you actually KNOW someone who made money on the kuwait dinar? So, my plan to cash in large first and small later may actually prove to hurt in the long run. Since I only have a mil of mixed currencies, i had planned on turning in the largest ones first. The wisdom of the friend you posted about is really making me rethink whatever strategy i thought i had.

Unless you spend like a drunken sailor on payday night on leave, you should look at, “what can I make it on until the price levels out” or like the Kuwaiti Dinar did and spike for a very short few days.

If you can’t live on a few $1,000 extra for a few weeks or a month then just let the banks enrich their stockholders pockets with YOUR money… If the IQD RV at $1.26 and then settles in at $3.26 and you waited, you added an additional $50,000 per 25K IQD into your bank account. Simple math to me, and a Chinese dinner with mama at the Great Wall of China…


DesertWolf