Baile, let's say you invested $5,000 in the Dinar. If you held your dinar for twenty years and never realized a gain then you would be out $5,000. But if you sold all your dinar now and it did increase in value you could be out millions. However, if you want to be a little more strategic about it. You can sell your dinar any time. Someone on this board on another will buy it from you. My point is it's not like you won't be able to unload it down the road. Hope all goes well for you.
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Thread: Encouragement
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24-07-2007, 01:46 AM #21
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24-07-2007, 02:12 AM #22
Thanks everyone, for the uplifting words and for the reality check. I did buy the dinar with "what I could stand to lose", and I have quit checking CBI daily. I will take the forget it and press on advice. Good views from many perspectives here, and I can't tell you all how much I appreciate each view, both individually and as a whole picture of our potential. Many thanks, and brightest blessings all.
"Follow me!"-Iron Mike
"Don't sleep beyond dawn, Dawn's when the French and Indians attack."-Major Robert Rogers, 1759
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24-07-2007, 02:55 AM #23
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24-07-2007, 04:30 AM #24
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If you're not in a position where you have to sell your assets to survive...then hang on to your IQD. Consider how you would feel if you kept it and nothing happened...compared to how you would feel if you sold it and it hits the global markets at something like .31.
Blessed be.
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24-07-2007, 04:49 AM #25
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put them in an envelop and then in your sock or under ware drawer.....
and forget about them....
.
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11-08-2007, 04:01 PM #26
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take the moneyand run
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11-08-2007, 04:04 PM #27
If I were you I would consider diversifying some of your dinar investment into the ISX. With the current econonic "programme" of slow-grow, it looks as though the ISX could move faster than simply holding paper dinar in the shorter term, especially once it goes electronic, which should happen in a few months or so.
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11-08-2007, 05:58 PM #28
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IMO, there is no downside to the Dinar. Even if Iraq went into the toilet, you could still sell Dinar to collectors for more than you paid for it. Hang onto your Dinar and it will eventually appreciate in value...too much oil in the ground for it to do anything else.
In the meantime, get into a planning mode for investments. The value of my Dinar has gone up about 17%, and after the RV, I want to be ready with some good investment options.
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13-08-2007, 06:28 AM #29
How badly do you need the money you'd get from offloading your Dinar stash? Is it a critical need? If not, it makes no sense to quit now. If it was clear there is not much more growth potential in IQD, I'd sell ASAP. But we don't know which way this war will go. We do know that Iraq is one of the wealthiest countries in the entire World and if it had security would need a higher exchange rate on their currency. I went through a little "rough" financial period late last year and into the first months of this. Most normal investment "experts" would have told me to offload my riskiest investments and stick with the true blue income. But fact is I protected my Dinar investment with every effort I could. That's because I still think we can eventually reach the penny, nickle, or dime levels. And I think it could come rather quickly if we could ever get this #$^% security situation under control. Best of luck in any course you choose to take, but my opinion is it's way too early to throw in the towel on this one.
Munny Model IQD Value Projections
Range 1345 IQD/1 USD to 1 IQD/.27 USD:
1345 Target ACHIEVED!!!
1260 Target ACHIEVED!!!
1100 IQD/1 USD by Jan. 5, 2008
810 IQD/1 USD by July 5, 2008
500 IQD/1 USD by Jan. 3, 2009
300 IQD/1 USD by Apr. 18, 09
1 IQD/.01 USD by Aug. 8, 09
1 IQD/.27 USD by Sept. 12, 09
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18-11-2007, 12:45 PM #30
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I'm with you MB. For me the money I spent on the IQD is money I most likely would have spent in a bar or on my scoot. At least there will be a return on this one the other ones just taste good or look good and you can't spend that.
Yall have a nice day
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