Encouragement

I have been holding onto this Dinar for quite a while now, not as long as some of you, but longer than others, so I am stuck somewhere in the middle. What I wanted to discuss was the outlook, all things considered, for a RV in the near future. I would be happy to see a modest RV soon, with steady growth to a point where the returns reach that "amazing" level, but all the same, I am beginning to have a hard time convincing myself to hold on to the currency. I am hoping some of my friends and fellow rolo'ers can cheer me up a bit and help me fight the good fight.

Brightest Blessings.

Quote:

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Originally Posted by Baile

I have been holding onto this Dinar for quite a while now, not as long as some of you, but longer than others, so I am stuck somewhere in the middle. What I wanted to discuss was the outlook, all things considered, for a RV in the near future. I would be happy to see a modest RV soon, with steady growth to a point where the returns reach that "amazing" level, but all the same, I am beginning to have a hard time convincing myself to hold on to the currency. I am hoping some of my friends and fellow rolo'ers can cheer me up a bit and help me fight the good fight.

Brightest Blessings.

---

You are in the right place and just waiting for the right time. I would never turn loose of my Dinar's. It will happen.

Now, will it happen before the New Ice Age begins? Who knows! That could start tomorrow. Hang on don't sweat the waiting. Just know it will happen.

Rumors!

hold on friend its going to happen. Again I dont have sources,but I do feel MHO that there will be a reval to coinside with the ISX opening to foreign investors on the 3 of Aug. I would be overjoyed if it hit at 3.48 as some others who have left this forum have stated it will, but not counting on it. I however think if its a modest RV it will hit the forex market and shoot upward in maybe three to six months. But again these are just my thoughts and Nobody should hawk the ranch on my thoughts
benzboy

Why on earth would you let go of your dinar? It's hard to imagine that they could ever valued LESS than they are now, and they've already inched up in value, sort of while we weren't looking. We've all been so nutty about the BIG reval, that the tiny increments are almost overlooked. Progress is progress, kids! Keep the faith.

Just forget that you even own Dnar....until somethng happens...thats what I do.

I look at it like this, i bought a pair of really expensive shoes that i am waiting for a special occasion to wear, lol.....it's money spent, you won't spend any more on it, the occasion will happen......i like the advice "forget you have it" one day you'll look in here or cbi and remember you have because it will be worth a fortune!! Don't let go of it, it may just so happen that it revals the day after!

if you want to sell them...

how many you got?

There has to be a point where it turns out to not be a good investment. People keep saying it has to happen, maybe logic dictates that but not reality, there doesnt have to be an RV, lets not forget this is Iraq. If you went out and bought stock in a company, if its not working out as planned when do you get out, thats the question.

Consider it as a huge BONUS and a windfall when someday.... it stares at you from the shoe-box you stashed it away in and it had delivered it's long awaited value.... just hope your grandchildren don't go and outrun it with their rapid age ....for time travels soooo fast these days... and you are still young enough to enjoy it from your wheelchair or hos pital bed or add it to the Bridge game in the daily after breakfast game in the old age home with the other senior Sr citizens...:wigged::toofunny::noserious

I would love to blow sunshine up your "you know what" but I will leave that up to the others here. Now for your dose of realism. I take it that all of the rumors that have come and gone have got you a little down in the dumps, don't listen to them is my opinion. Keep looking for the facts. I feel it will be sometime down the road before you see any big gain. There are many many factors that make me say this. Way to much M2 out their for a large RV. Security is still very bad, The Parliament can't even pass anything. NO smaller demos as of yet. etc etc! You get the picture. This is going to be a long drawn out RV. Do I think it can reach 1 to 1 absolutely and even higher if all things fall into place. IF you invested only what you could afford to lose you should never give up. If invested for the "I will be a millionaire tomorrow" you might want to look at this investment again. If you do get rid of your dinar I think some where down the road you will be kicking yourself for opting out of an investment of a life time. But at the very least don't get rid of any until 2008................I could be wrong about the RV and Sunshine could get blown up all our "you know whats!":cheers:

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.

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.

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....:fryingpan:biggrin:

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!!!:fryingpan:noserious

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.

I found this on another forum. I hope know one minds, It really is a good read.:ro_emote::ro_emote:


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 ready

Woops can't even spell read LOL

Quote:

---

Originally Posted by wessgs

I found this on another forum. I hope know one minds, It really is a good read.:ro_emote::ro_emote:


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 ready

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Thanks for this! :ro_emote:

Quote:

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Originally Posted by danny51

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.

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Is this how you feel about all types of investing, im glad you're not my advisor.
You dont mention a time factor which i believe is very relevant. To hold on to something indefinitely you better have a lot of faith in what you are holding on to.

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.

Quote:

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Originally Posted by arvie

Is this how you feel about all types of investing, im glad you're not my advisor.
You dont mention a time factor which i believe is very relevant. To hold on to something indefinitely you better have a lot of faith in what you are holding on to.

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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.

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.

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.

Quote:

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Originally Posted by Baile

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.

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Welcome to the trip to Vegas and may the "force of the odds" be with us!! :ro_emote:

Quote:

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Originally Posted by Baile

I have been holding onto this Dinar for quite a while now, not as long as some of you, but longer than others, so I am stuck somewhere in the middle. What I wanted to discuss was the outlook, all things considered, for a RV in the near future. I would be happy to see a modest RV soon, with steady growth to a point where the returns reach that "amazing" level, but all the same, I am beginning to have a hard time convincing myself to hold on to the currency. I am hoping some of my friends and fellow rolo'ers can cheer me up a bit and help me fight the good fight.

Brightest Blessings.

---

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.

put them in an envelop and then in your sock or under ware drawer.....

and forget about them....

.

take the moneyand run

Quote:

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Originally Posted by Baile

I have been holding onto this Dinar for quite a while now, not as long as some of you, but longer than others, so I am stuck somewhere in the middle. What I wanted to discuss was the outlook, all things considered, for a RV in the near future. I would be happy to see a modest RV soon, with steady growth to a point where the returns reach that "amazing" level, but all the same, I am beginning to have a hard time convincing myself to hold on to the currency. I am hoping some of my friends and fellow rolo'ers can cheer me up a bit and help me fight the good fight.

Brightest Blessings.

---

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.

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.

Quote:

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Originally Posted by Baile

I have been holding onto this Dinar for quite a while now, not as long as some of you, but longer than others, so I am stuck somewhere in the middle. What I wanted to discuss was the outlook, all things considered, for a RV in the near future. I would be happy to see a modest RV soon, with steady growth to a point where the returns reach that "amazing" level, but all the same, I am beginning to have a hard time convincing myself to hold on to the currency. I am hoping some of my friends and fellow rolo'ers can cheer me up a bit and help me fight the good fight.

Brightest Blessings.

---

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.

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