Thread: "RollsRoyce . . . June 25 Tidbit!"

Originally Posted by breakeven

On the contrary, isn't that the theory propagated by those who believe that the dinar will go back to its former levels in the blink of any eye?!

No one ever said that it would take place with the blink of an eye. However, you will see a RV jump in the value and the market will settle to a stable rate. After the RV look for movement in the exchange rate with even a rally. You may even see a spike like the Kuwaiti Dinar. In the short time I’ve been involved I have seen the rate go form 1488 down to 1250.

DesertWolf

Originally Posted by billknows

Wow! Now he's telling us to just ignore the negative opinions - "don't let them bother you".

My guess is that we have the pessimists on the run. We've revealed their true colors and now they just want to peacefully co-exist with the optimists - "just relax and don't let our opinions bother you".

A dinar pessimist: A person who thinks it's his duty to inform the optimists that an overnight RV just can't happen. He is addicted to the positive attitude of the optimists, just like a moth can't resist the attraction of a bright light. Unfortunately they are so tight with a buck - that they don't own any dinar and can't feel the excitement that the rest of us feel every day. They are totally invested in failure and live to be proven right every day.

A dinar optimist: A person who sees the unique dinar opportunity and takes action. He lives by the "just do it" philosophy. He buys enough of it that he/she feels the excitement of it every day. We are interesting, exciting, bold and courageous by nature. Our attitude is so infectious that even the pessimists like to hang around us. We have the maturity to know that for the time being it may look to the pessimists like we're just treading water - but we know that it only takes one precious moment to radically change a future.

When our dinar RV's - that one precious moment will be worth so much more than the constant "see, I told you it wouldn't happen!" that we constantly hear from the pessimists.

As a fellow member said earlier:

The dinar pessimist must be right, every minute of every day - forever!

The dinar optimist only has to be right one single time, for one brief second - and he's taking it right to the bank!

While one has to applaud you for your efforts, there are only 3 kinds of people when it comes to the dinar.
1. Those investors who believe there will be a dramatic bold adjustment in the value of the dinar anywhere to the tune of cents to dollars.
2. Those investors who believe in a gradual appreciation of the dinar and do not agree with the notion that the value of the dinar can succumb to a bold adjustment in a short period of time.
3. Those who are not investing in the dinar and are not likely to be found on many forums.

The end result is the same. We all expect the dinar to make us rich beyond our wildest dreams. The only differing point is with our projected timeframes. Good luck to all.

Originally Posted by bultn

Not correct: It has gone from 1460 to 1250 in space of 7½ months

Nov-14-2006: 1460
Jun-28-2007: 1250

Are we conveniently forgetting the fact that it was stuck on 1460 for ages i.e., since 2004? Yes, it started moving 7 months ago but it was sitting on 1460 for a long time so it can't be ruled out of the equation, can it?

07.07.2004 1460.0
03.07.2007 1250.0

Originally Posted by DesertWolf

No one ever said that it would take place with the blink of an eye. However, you will see a RV jump in the value and the market will settle to a stable rate. After the RV look for movement in the exchange rate with even a rally. You may even see a spike like the Kuwaiti Dinar. In the short time I’ve been involved I have seen the rate go form 1488 down to 1250.

DesertWolf

I wish you'd never mention the KWD again! For those who got in on the dinar during the 7 odd months or so, the returns have been good. For those holding it since 2004, it has been fairly slow from 1460 to 1250 in 3 years.

Originally Posted by bultn

Yes ages: One day

Nov-13-2006: 1465
Nov-14-2006: 1460
Jun-28-2007: 1250

Very selective with the dates! Nice!

I was using the interbank rates. Sorry. Here's a gist though from the daddy of all sites...the CBI!
2004 - 2007 : 1695 to 1250

Originally Posted by bultn

You just said that it was
and now you say that it was 1695 in 2004

???????

Didn't I say sorry because I was using the interbank rates? Come on...stay with me...the initial figures were interbank rates...the ones I provided later on are from the CBI site, which were the right ones to have used in the first place and hence my apology. I understand you post the daily dinar rates and did not realise that you can be so rigorous with their implementation!

OK, since this whole discussion was about nothing, I deleted my part of it. I suggest you do the same...

Originally Posted by breakeven

Anyone with a modicum of economic sense can vouch for the fact that currency does not and will not do a yo-yo swing of such magnitude. History doesn't provide any sustenance to such a dramatic change in the value of currency. Since the new dinar came onto the market, it has gone from 1460 to 1250 in space of 3 years. This is what we would term as a gradual appreciation in the value of the dinar. The dinar will reach its former levels...no doubt about that...but it will take years to get there. Somehow the issue of debt, security, political stability are being conveniently ignored when making an assessment of the situation.

Breakeven, I think that you have a sensible approach to the investment in terms that it would be expected to take significant time for this investment to develop. The fact is that I entered this investment several years ago with an estimate that it would take about about 10yrs to make a fairly dramatic profit; in fact if the dinar takes until I retire in 20 or more years, that would be in line with my expectation.

I don't think that you are called a pessimist because you believe that it will take a long time for the dinar to revalue. The reason people believe that you are a pessimist is because you are unwilling to even consider the possibility that a swift and dramatic change could occur in the value of the dinar.

Furthermore, you insult peoples intelligence with statements such as, "Anyone with a modicum of economic sense can vouch for the fact that currency does not and will not do a yo-yo swing of such magnitude." If you believe that anyone is capable of accurately modeling and predicting the world economy, you are reaching just as far as anyone who thinks that the dinar can move dramatically.

Even if they seem absurd, rumors often have a basis in fact. Not to mention that the dependency of the world on oil and the politics that surround it open up the possibility for surprises.

I don't expect anything dramatic with the dinar, but the day that I fail to be able to entertain possibilities that are out of the box is the day that I join the flat earth society.

Originally Posted by celilo

Breakeven, I think that you have a sensible approach to the investment in terms that it would be expected to take significant time for this investment to develop. The fact is that I entered this investment several years ago with an estimate that it would take about about 10yrs to make a fairly dramatic profit; in fact if the dinar takes until I retire in 20 or more years, that would be in line with my expectation.

I don't think that you are called a pessimist because you believe that it will take a long time for the dinar to revalue. The reason people believe that you are a pessimist is because you are unwilling to even consider the possibility that a swift and dramatic change could occur in the value of the dinar.

Furthermore, you insult peoples intelligence with statements such as, "Anyone with a modicum of economic sense can vouch for the fact that currency does not and will not do a yo-yo swing of such magnitude." If you believe that anyone is capable of accurately modeling and predicting the world economy, you are reaching just as far as anyone who thinks that the dinar can move dramatically.

Even if they seem absurd, rumors often have a basis in fact. Not to mention that the dependency of the world on oil and the politics that surround it open up the possibility for surprises.

I don't expect anything dramatic with the dinar, but the day that I fail to be able to entertain possibilities that are out of the box is the day that I join the flat earth society.

Excellent post and I agree with your points. I am merely giving back as good as I get. As with all forums, established members utilise the bias towards their advantage and do get away with a fair chunk. It's always the new members that are scrutinised for every statement to the point of being asked to furnish proof to back up every statement. Wish such scrutination is spread evenly as that could unravel a totally new dimension! I take your points on board and shall refrain from insulting the intelligence of others in future. Thanks and good luck.

Originally Posted by breakeven

While one has to applaud you for your efforts, there are only 3 kinds of people when it comes to the dinar.
1. Those investors who believe there will be a dramatic bold adjustment in the value of the dinar anywhere to the tune of cents to dollars.
2. Those investors who believe in a gradual appreciation of the dinar and do not agree with the notion that the value of the dinar can succumb to a bold adjustment in a short period of time.
3. Those who are not investing in the dinar and are not likely to be found on many forums.

The end result is the same. We all expect the dinar to make us rich beyond our wildest dreams. The only differing point is with our projected timeframes. Good luck to all.

You say there are three kinds of people when it comes to dinar.

I should applaud you also for your efforts.

In truth, there are only two kinds of dinar people: those who believe there will be a dramatic, overnight adjustment in the dinar value (but are patiently waiting as it makes small, day to day adjustments)

and those who are just too cautious (too tight with a buck) to invest in dinar but use the forums to be around the dinar investors.

If there was really a group of dinar investors totally committed to a gradual increase in value and constantly arguing and defending their case - what would be the point?