Iraqi Dinar investments - Page 147

HYIP_Surfer · #**1461** 08-29-2007, 05:47 PM

Iraqi dinar investments are a scam. You will never make money "investing" in Iraqi dinars. The whole concept is fundamentally flawed in that todays Iraqi dinars are like the inflationary German currency that circulated between the world wars. If the value increases, the old notes will be exchanged for new ones, but ONLY IN IRAQ and not on a one for one basis. If the value of the Iraqi dinar increases by a factor of 10, they will be exchanged 10 for 1, old for new, so you will not see any increase in the value of your holdings. So it is pointless since you will not be able exchange old dinars for new ones outside Iraq, and the amount you buy today will never be worth any more than what you paid for them. Something else to consider is that the value of the Iraqi dinar before the embargo was fixed by Saddam's government. It will not return to it's old value in the way the Kuwait dinar did after Saddam's forces were driven out. The Kuwait dinar is based on the value of a basket of currencies which can be measured. The Iraq dinar was based on Saddam Hussein enforcing it's value.

Airelon · #**1462** 08-29-2007, 08:52 PM

Exactly.

Oh, and what's Iraqi's inflation rate right now? Last I checked, it was near 50%. So much for gains on the Dinar.

mucho69 · #**1463** 08-30-2007, 01:10 AM

take any war fough in the last 100 years and you will see that 100% of the time you would have made money, yes i know what you will say (this is different), well guess what-every war is different, the only difference is the amount of time it took to make on the currency, but result is same, the currency slowly climed back up, and these other countries after wars dont forget, DID NOT HAVE OIL, as a natural resource!

Airelon · #**1464** 08-30-2007, 06:32 AM

Quote:

Originally Posted by mucho69

take any war fough in the last 100 years and you will see that 100% of the time you would have made money, yes i know what you will say (this is different), well guess what-every war is different, the only difference is the amount of time it took to make on the currency, but result is same, the currency slowly climed back up, and these other countries after wars dont forget, DID NOT HAVE OIL, as a natural resource!

Yeah, just look at how many hundreds of thousands of German Marks that German citizens had after WWI with the Weimar Republic.

ROFLOL!

Can we say . . . . . inflation? Currency speculators who engage in this - in defeated countries just after a war? Just tend to feed the problem that causes - in the end - the currency to be completely worthless.

sanjay · #**1465** 08-30-2007, 06:42 AM

i bought 10000 IQD wish me luck

crodzilla · #**1466** 08-30-2007, 07:42 PM

Quote:

Originally Posted by HYIP_Surfer

Iraqi dinar investments are a scam. You will never make money "investing" in Iraqi dinars. The whole concept is fundamentally flawed in that todays Iraqi dinars are like the inflationary German currency that circulated between the world wars. If the value increases, the old notes will be exchanged for new ones, but ONLY IN IRAQ and not on a one for one basis. If the value of the Iraqi dinar increases by a factor of 10, they will be exchanged 10 for 1, old for new, so you will not see any increase in the value of your holdings. So it is pointless since you will not be able exchange old dinars for new ones outside Iraq, and the amount you buy today will never be worth any more than what you paid for them. Something else to consider is that the value of the Iraqi dinar before the embargo was fixed by Saddam's government. It will not return to it's old value in the way the Kuwait dinar did after Saddam's forces were driven out. The Kuwait dinar is based on the value of a basket of currencies which can be measured. The Iraq dinar was based on Saddam Hussein enforcing it's value.

Your arguments are invalid, and flawed. You don't know the future. The Germans did not have any oil. Inflation? The US has mega-inflation. The US exports its inflation to China by buying its products. Iraq will export its inflation to everyone with their oil. The current Iraqi Dinars will not be replaced with any new bills. Why? Because the Iraqi Dinar is traded throughout the world by its central bank. International commerce cannot be conducted without it, just as the FOREX market makes international commerce possible. So your "ONLY IN IRAQ" argument is invalid. Everything else you said is speculation, and thus is invalid.

Please people... use a little of your education when making comments. Arguments are invalid if they are guessing what is going to happen in the future. The "you will never" statements are invalid... because you don't know what will happen in the future. And as soon as someone proves you wrong, you are an idiot. Don't put yourself in that situation. Or, maybe you do... because you want to be an idiot.

Offshore-Wealth · #**1467** 09-30-2007, 02:42 PM

Interesting,

Even if the Iraqi dinar never went up in value, the ones who invested several years ago are way up as the dollar is way done, lowest in 30 years, so no matter what one thinks of Iraq and future of dinar, those who hold dinar are way ahead on all fronts. Time will tell all, but I am glad I invested when I did. With combination of dollar dropping like a rock, as well as dinar rising over 50% since I invested, sounds like a pretty sound investment to me. (g)

Good luck to all,

saxifrage · #**1468** 10-02-2007, 11:37 AM

Quote:

Originally Posted by Offshore-Wealth.com

Interesting,

Even if the Iraqi dinar never went up in value, the ones who invested several years ago are way up as the dollar is way done, lowest in 30 years, so no matter what one thinks of Iraq and future of dinar, those who hold dinar are way ahead on all fronts. Time will tell all, but I am glad I invested when I did. With combination of dollar dropping like a rock, as well as dinar rising over 50% since I invested, sounds like a pretty sound investment to me. (g)

Good luck to all,

Australian/Canadian Comdollars sound even better to me...

HYIP_Surfer · #**1469** 10-09-2007, 06:42 AM

Quote:

Originally Posted by crodzilla

Your arguments are invalid, and flawed. You don't know the future. The Germans did not have any oil. Inflation? The US has mega-inflation. The US exports its inflation to China by buying its products. Iraq will export its inflation to everyone with their oil. The current Iraqi Dinars will not be replaced with any new bills. Why? Because the Iraqi Dinar is traded throughout the world by its central bank. International commerce cannot be conducted without it, just as the FOREX market makes international commerce possible. So your "ONLY IN IRAQ" argument is invalid. Everything else you said is speculation, and thus is invalid.

Please people... use a little of your education when making comments. Arguments are invalid if they are guessing what is going to happen in the future. The "you will never" statements are invalid... because you don't know what will happen in the future. And as soon as someone proves you wrong, you are an idiot. Don't put yourself in that situation. Or, maybe you do... because you want to be an idiot.

You are the one who is being an idiot for falling for the Iraqi Dinar scam. Every last thing I said was absolute truth. The only people making money off of Iraqi Dinars now are the scammers who are buying up this worthless money and then finding suckers to unload it on with promises of future riches to come. As for your assertion that Iraqi Dinars are traded globally and that International commerce cannot be conducted without it, why then does the Iraqi Dinar not appear on any forex platforms? Why can't I go to the bureau de change in my local airport and get Iraqi dinars? I trade forex enough hours to consider it a full time second job, so I know what I am talking about. The Iraqi Dinar is not even needed for oil sales, because global oil sales are denominated in dollars. Even if the dollar should fall out of favor in international transactions, the Iraqi Dinar is not going to be what replaces it. It will most likely be replaced by the Euro. Don't waste your money, people. You are being conned. Iraqi Dinars are never going to be worth anything outside of Iraq.

"Inflation? The US has mega-inflation. The US exports its inflation to China by buying its products. Iraq will export its inflation to everyone with their oil. "

So now your logic is flawed. If a country exports inflation by buying the products of other countries, then how is Iraq exporting inflation by selling oil?? They are not. The countries that have goods to sell are importing inflation, not exporting it. Iraq is in the same situation China is in, selling goods for inflationary currency and even if they never sold another drop of oil to the US, they would still have to take some other countries inflationary fiat currency for it unless they started demanding payment in gold. Since oil is denominated in dollars, every barrel of oil that Iraq sells is inflation imported, not exported.

Marek · #**1470** 10-09-2007, 07:34 AM

Quote:

Originally Posted by Offshore-Wealth.com

Interesting,

Even if the Iraqi dinar never went up in value, the ones who invested several years ago are way up as the dollar is way done, lowest in 30 years, so no matter what one thinks of Iraq and future of dinar, those who hold dinar are way ahead on all fronts. Time will tell all, but I am glad I invested when I did. With combination of dollar dropping like a rock, as well as dinar rising over 50% since I invested, sounds like a pretty sound investment to me. (g)

Good luck to all,

Could not have said it better myself.