Thread: Rates, Dates, & Fates.

Originally Posted by cooldolphins

I was just wondering, all this talk about gold got me thinking back to these discoveries in Iraq...where (if all of this indeed Is GOLD) DOES all of it go? Does it become our property, or Iraq's?

good question........does imf take custody?

Originally Posted by greatstuff

I'm sure that, when the RV is announced, they will have the lower denoms ready to go. There's no way they're going to release them, or even mention them before hand - dead giveaway, that.
If they want to, they will have an auction. These curfews only stop them when they don't want to have it anyway.

Agreed,

As far as low denoms go, we know 14 denominations/catagories were printed/minted...They could be in fact pre-positioned in the banks right now.., I would not be surprised if this is the case. There has been mention of this before.

why would we take there gold??

Originally Posted by goldraker

Oh ya, I was actually trying to sell some at chase today. When my personal banker came up and said don't do it! Then I tried to pump him for info and he said, that's all I can say for now!

Funny,

That will be the day anyone at any Chase branch will know what is really going on with Iraqi dinar when they hardly know what is going on within their own bank. (g)

Good luck and health to all, Mike

Just a brain fart here, but with the fear of the Terrorist gaining large sums of money with the RV, just tell me why the Iraq Government can’t place exchange rates (limit the amount that can be turned in on a given day) in place and get on with it?

DesertWolf

Originally Posted by rvalreadydang

good question........does imf take custody?

HI, DANG!!!
From wikepedia:

Where it went?

Included in a July 14, 2003 White House war budget report to the US Congress, is a statement that a sample of some of the "gold-colored metal bars" recovered in Iraq was tested and were "comprised of approximately 64 percent copper and 34 percent zinc" and are "most likely melted-down shell casings."
Soldiers involved in the seizures find this difficult to believe, based on the hefty weight of the bars they handled.
The report mentioned "All the bars currently located at Camp Arifjan are being sent to Baghdad, where they most likely will be stored within one of the Ministry of Industry and Materials facilities...".

Originally Posted by duck2000

why would we take there gold??

It may or may not have been pure gold, there's contradicting reports from what I can find, but my only thought is that when we confiscate something, it's ours. That's how things are here, at least, in drug busts, etc. boats, cars and many other things get confiscated.

Finders keepers? maybe, maybe not. I'm asking others if they have researched this and have answers to where it went and if it indeed was gold.

Originally Posted by goldraker

Oh ya, I was actually trying to sell some at chase today. When my personal banker came up and said don't do it! Then I tried to pump him for info and he said, that's all I can say for now!

Goldraker, you are making me WAYYY too excited!! I hate to be too optimistic because I don't want the disappointment, but this is really great!! :) :)

Originally Posted by rvalreadydang

Iraq=$15.65 billion (2006 est.) Jordan=$6.57 billion (October 2006) Kuwait=$11.08 billion (2006 est.) Qatar=$5.755 billion (2006 est.) Saudi Arabia=$31.63 billion (2006 est.) Syria=$5.5 billion (2006 est.) This is pretty interesting, Iraq's reserves are pretty close if not better to the countries in that region...... https://www.cia.gov/library/publicat...elds/2188.html

Originally Posted by wciappetta

Yep and based on the reports from last week Iraq now matches the Saudis.

Great stuff! This is what we need...facts! There was an IMF report in March 2007 that states that Iraq has a comfortable level of international reserves to meet 6 months of import cover, which is impressive.

Originally Posted by duck2000

why would we take there gold??

Kind of one of those GOLD Rules! Really, gold is the best for assists. Just for the sake of argument, you have 1M in USD, 1M in Stocks, 1M in your bank, and 1M in Gold. If there is another depression or monetary crash witch one do you want to have?

DesertWolf