All you must do to make the decision whether or not to dump them is to compare how you would feel for not dumping them if no RV ever happened to how you would feel if you dumped them and there was a high RV.
Personally, I don't expect more than a few cents per Dinar but I just thought I'd offer you a logical method to use to make your decision.
Please visit our sponsors
Results 11 to 20 of 30
Thread: Encouragement
-
23-07-2007, 05:14 PM #11
- Join Date
- Nov 2006
- Location
- Texas
- Posts
- 149
- Feedback Score
- 0
- Thanks
- 3
- Thanked 140 Times in 18 Posts
-
23-07-2007, 05:25 PM #12
- Join Date
- Nov 2006
- Posts
- 222
- Feedback Score
- 0
- Thanks
- 29
- Thanked 587 Times in 53 Posts
Baile, while I agree that Caddieman's scenario could be right it also could have a bold adjustment one day. The point is we just don't know. No one does. But this I do know, it can't happen for you if your not in the game. You have to be invested in order to benefit, no matter how it revalues. Here are some fundamental truths about the dinar. Everybody wants Iraq to succeed, except for the bad guys, but we're killing them. A lot of people are working hard to make it happen. Iraq has oil lots of it. Another point on oil. It's being argued that Saudi is peaking, which makes Iraqi oil more attractive. Iraq also has agriculture and manufacturing. The last two are almost never talked about. But believe me they will be the most productive country in the middle east in a few years. If you can stay the course, you'll be richly rewarded. If you look at, most everyone on this forum believe this will turn out in a good way. Our best arguments are over how and when the rv will occur. My dinar are in a safe and will not see the light of day until we cash them in. Stick with it.
-
23-07-2007, 05:45 PM #13
- Join Date
- Jun 2005
- Location
- Occasionally somewhere but NOT just anywhere...
- Posts
- 5,881
- Feedback Score
- 0
- Thanks
- 1,658
- Thanked 1,935 Times in 650 Posts
Thats a positive outlook Retmil and the WTG with a healthy perception on perspectives.... some just have lost theirs expecting and overrunning themselves crazy like a runaway rollercoaster....
The pointers are clearly across the entire Middle East as not to become easily dissuaded however, until stability and sensibility runs smoothly and not like mad mullahs trying to seize political control...it is still some time off to see any real progress...with or without the "Bushmen" killing off the insurgent whackos!!!Last edited by YogiBrood; 24-07-2007 at 07:46 AM.
Have U confirmed or R U satisfied with answer to your post? Click the "Thanks" button to show it.
My new Android experience, the>> Samsung S2 & this special>> APP to go with it.
-
23-07-2007, 06:44 PM #14
- Join Date
- Aug 2005
- Posts
- 850
- Feedback Score
- 0
- Thanks
- 79
- Thanked 494 Times in 73 Posts
Hey Baile,
If you are in a position where you need money and have nowhere else to go but cashing in the dinars...DO IT and don't look back. If you have not invested more than you can afford to lose...stick the dinars in a box and bury them until the exchange rate reaches a point that you would like to take profit. It is really as simple as that and is a no brainer.
-
23-07-2007, 08:00 PM #15
- Join Date
- Mar 2007
- Posts
- 40
- Feedback Score
- 0
- Thanks
- 0
- Thanked 6 Times in 2 Posts
Good Raed
I found this on another forum. I hope know one minds, It really is a good read.
Justifying a Higher PEG!! Get ready
I pulled this out of a older thread and it still makes alot of sense. I thought it would help some of the neysayers who think that their is no way Iraq could peg high. This might help draw conclusion on how they can peg their currency with the help of the international community. This is from paynes1 The Marshall Plan
The Marshall Proposal of Assistance to Europe, July 10, 1947; European Recovery Program; Secretary of the Treasury, Alphabetical File; John Snyder Papers.
Pg 9 last pargraph.
"The most important being the establishment of REALISTIC RATES OF EXCHANGE among the European countries. Experience has shown that when a countrys RATES OF EXCHANGE are widley out of line with realitive purchasing power - the flow of goods is impeded."
How will they be able to justify a higher peg to make thier rates of exchange in line with other countries to the International Monetary Fund.
The Justification.
Icarus posted this awhile back http://dsbb.imf.org/vgn/images/pdfs/opguide.pdf
Low and behold we have a 77 page manual called International Reserves Foriegn Currency and Liquidity on page 62 apendix v we have the start of a template that Countries can submit exchange rate fundamentals on if you look at pg 65 under futures you notice a place where oil can be sold as a future.
http://www.imf.org/external/np/sta/i...eng/curmar.htm
This is the same format as the template. It has it all Sdrs, Futures, gold, Derivitives Etc. Morocco does not list oil as part of its exchange rate in the futures section. However, Morocco has a Exchange rate of http://finance.yahoo.com/currency/co...submit=Convert around 11 cents per us dollar, and thier Holding of currency within fund as of July 31, 2006 is http://www.imf.org/external/np/tre/t...ition_flag=YES
Tunisia has a template too, and it has includes the balance of payments, gold , securites, and it is the same as Moroco because it does not list Oil as a
Future.http://www.imf.org/external/np/sta/i...eng/curtun.htm
and there exchange rate is http://finance.yahoo.com/currency/co...submit=Convert 75 cents to US dollar. and there holding of the within the the fund as of July 31. 2006 is http://www.imf.org/external/np/tre/t...ition_flag=YES
What do get when you go to a major Oil Producing country and look at thier stats. http://dsbb.imf.org/Applications/web...t/?strcode=KWT You will see no template at all huh, makes you go hmmm.
Kuwait enjoys a high exchange rate with the US. http://finance.yahoo.com/currency/co...submit=Convert
It does not make sense that a country such as kuwait should have such a high exchange rate unless it is do to with oil.
Morocco has 517,756 362 in Imf fund holdings with 11 cent exchage rate.
Tunisia has 266,274, 397 in Imf fun holdings with 75 cent exchange rate
Iraq has http://www.imf.org/external/np/tre/t...ition_flag=YES
1,314,472,991 in Imf holdings. with a .00068 exchange rate. A tad bit undervalued exchange rate for a country that might have more reserves than Saudi Arabi and and between $1.00 and $1.50 extraction cost per barrell of oil.( Sporters Article)
Here is sporters article its a good read.
Oil in Iraq: the heart of the Crisis - Global Policy Forum - UN Security Council
This came form a prior thread.
http://www.investorsiraq.com/iraqi-g...light=peak+oil
The whole key to this is template of the Imf. They can use the foward contracts or futures options on the template to boost thier reserves position. We also know that Electonic Stabilization fund has been used stabilize the currency crisis in Mexico for oil payments an even Brazil has received some benefit from the ESF.
The Electronic stabilization fund also allows for alot of different types ways of intervention.
1. Purchase or sale of Foreign currency
2. Acquistion or use of special drawing rights.
3. Loans or Credit to other central banks such as the case with Mexico.
4.Wharehousing
The treasury seems to have more than enough money in the Esf to stablize Iraqs economy by helping defend its exchange rate.
http://www.treas.gov/offices/interna...ent_082006.pdf
Notice I said defend the exchange rate instead of backing it.
We have also learned that secratary of the United Staes has broad powers in being able to turn dollars into Sdrs.
By the way Sdrs are part of the International Monetary that allows the easier exchange rates between countries. Some Countries have thier currency pegged to the Sdr. I think I remember Jordan being one of them.
The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve Notes". The "Secretary of Treasury" [Governor-IMF] issues an international letter of credit called a "Special Drawing Rights Certificate" to the Federal Reserve Banks "in such form and in such denomination as he may determine". The SDR is deposited in the Federal Reserve Banks which in turn credits the account of the Exchange Stabilization Fund (ESF) with Federal Reserve Notes in an amount equal to the value of the SDR certificate. SDR's became the "collateral security for Federal Reserve Notes..........................................
link The Truth About Money
We have also proved that it was this adminstrations objective to go go to war with Iraq prior to Bush taking office. Why would they go to such great lengths to go to war with Iraq unless it was about oil. If this is truly the case then the United States will back thier currency to have access to cheaper oil so we the Us will remain a super power and have a friendly mideast country to do business with that has the second largest reserve of oil in the world.
The International Community has also bought into the International Compact because it could possibly mean cheaper oil because Iraqs true potential as a Oil producing nation never has been tested and the the only thing that Goverments in the International Community care about is keeping thier own goverments running along nicely. They can only do this thru cheap oil.
I dont know when or what day but I smell money in the air.
Anybody else got any Ideas?
for everyone I copy this from another thread
Why would it not be feasible for them to peg their dollar to the US, euro,or Basket and peg BIG!!!! Get readyLast edited by wessgs; 23-07-2007 at 08:03 PM.
-
23-07-2007, 08:02 PM #16
- Join Date
- Mar 2007
- Posts
- 40
- Feedback Score
- 0
- Thanks
- 0
- Thanked 6 Times in 2 Posts
Woops can't even spell read LOL
-
23-07-2007, 08:55 PM #17
- Join Date
- Oct 2005
- Posts
- 797
- Feedback Score
- 0
- Thanks
- 390
- Thanked 495 Times in 46 Posts
-
23-07-2007, 09:30 PM #18
- Join Date
- Dec 2006
- Posts
- 215
- Feedback Score
- 0
- Thanks
- 0
- Thanked 154 Times in 44 Posts
-
23-07-2007, 10:30 PM #19
- Join Date
- Dec 2006
- Posts
- 220
- Feedback Score
- 0
- Thanks
- 147
- Thanked 217 Times in 23 Posts
I would hold on to your dinars....or look back on what could have been if only you had held on. I just think it'll pay off. Maybe not tomorrow, but in the next year or two. After reading this forum for...not quite a year...that's the feeling I have about this investment. Give it a little more time.
-
24-07-2007, 01:30 AM #20
- Join Date
- Aug 2005
- Posts
- 850
- Feedback Score
- 0
- Thanks
- 79
- Thanked 494 Times in 73 Posts
I consider the Iraqi Dinar a most extreme risky venture...just like going to Vegas to gamble. It is hardly an investment that would be worthy of an advisor. The best thing to do with dinars is to buy them, bury them and forget them until they actually become worth something or become obsolete. There is no "time factor" in between.
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.