Well I feel that there must be a way to profit from the dinar but nobody seems to really know what that is. Whether to buy cash or open a bank account in Iraq is a question answered only by opinion but no real facts. Does anyone really know? If so, please enlighten us with FACTS not opinion.
Well I feel that there must be a way to profit from the dinar but nobody seems to really know what that is. Whether to buy cash or open a bank account in Iraq is a question answered only by opinion but no real facts. Does anyone really know? If so, please enlighten us with FACTS not opinion.
The fact is, buying dinars (paper money) is worthless.
If the dinar gets pegs to the dollar today, no bank on earth outside of Iraq will exchange it.
In 4 years, no bank outside of Iraq will exchange it.
And in 2010, there will be 1 middle eastern currency so by then your dinars would be worthless.
This is the purpose for having an Iraqi bank account because anything involving the dinar will take place in Iraq and in Iraq only.
Also, be aware of Iraqi stock exchange scams (ISX). True, you can buy hords of Iraqi stocks for less than half a penny, but the ISX is closed to foreign investors. I only know of 2 ways around this.
(1) Unless you have thousands of dollars to join a a co-op group that happens to be physically in Iraq, there is no way you can invest.
(2) Warka bank is taking stock picks but won't be able to place the order until the ISX opens. But at least you'll be in first when the ISX opens.
Investing in the ISX is extremely risky. A simple car bomb can set stocks backs for years. But if all goes well, you will be in major profit.
Last edited by GoldenNegress : 08-30-2005 at 08:54 PM.
Today we are going to discuss why China and India
might be the key to the possible rise of the Dinar.
It starts with population.
Here Are The 10 Most Populated Counties In The World:
Rank Country Population
1 China 1,298,847,624
2 India 1,065,070,607
3 United States 293,027,571
4 Indonesia 238,452,952
5 Brazil 184,101,109
6 Pakistan 159,196,336
7 Russia 143,974,059
8 Bangladesh 141,340,476
9 Japan 127,333,002
10 Nigeria 125,750,356
China and India are the only two countries on the planet
with populations greater than 1 billion people.
The United States isn't even close.
Up until recently both countries have been far less
advanced industrially than any of the more developed
countries.
That has begun to change.
Both China and India are growing their industries and
there is one thing that industry needs.
Oil -- and lots of it.
With 1 billion people in each country, the need for
oil is going to become greater and greater.
The oil prices are already steadily rising and don't
seem to have any chance of stopping.
Saudi Arabia's oil production capacity is running at
nearly their full potential which means we (and progressively
more importantly China and India) are going to need
to get their oil from other places.
Our bet is that Iraq will be the hotspot that everyone
needs to turn to for oil.
It seems almost certain that this must happen.
We just need to hope the rebels in Iraq cannot
prevent this from happening.
The fact is, buying dinars (paper money) is worthless.
If the dinar gets pegs to the dollar today, no bank on earth outside of Iraq will exchange it.
In 4 years, no bank outside of Iraq will exchange it.
And in 2010, there will be 1 middle eastern currency so by then your dinars would be worthless.
This is the purpose for having an Iraqi bank account because anything involving the dinar will take place in Iraq and in Iraq only.
Also, be aware of Iraqi stock exchange scams (ISX). True, you can buy hords of Iraqi stocks for less than half a penny, but the ISX is closed to foreign investors. I only know of 2 ways around this.
(1) Unless you have thousands of dollars to join a a co-op group that happens to be physically in Iraq, there is no way you can invest.
(2) Warka bank is taking stock picks but won't be able to place the order until the ISX opens. But at least you'll be in first when the ISX opens.
Investing in the ISX is extremely risky. A simple car bomb can set stocks backs for years. But if all goes well, you will be in major profit.
buying dinar = worthless? last i checked money is worth money and the dinar has gone up, say 120%+ in 3 years, can you say over 40% on your money per year, not to bad, and this is nothing compared to the future, worthless, makes no sense
the imf will now allow the cbi to make the dinar fully convertable around the world, which means it goes on the forex, which means everyone will exchange it
4 years? they are exchanging it now in the USA, where do you get this from?
( chase bank, one of the largets banking institutions in the usa? )
so you are saying in 2010 when they have a unified currency, all money in the middle east turns to dirt? makes great sense...
warka bank can purchase stocks on your behalf until the foreign investment laws are placed and enacted to allow you to own your own iraqi stocks, which is just around the corner..
please explain how a car bomb will set back stocks for years? last i checked car bombs go off almost everyday..
ive seen lots of negetive statements/points on why this speculation may not work as planned for us investors, but nothing this poorly put together.....
buying dinar = worthless? last i checked money is worth money and the dinar has gone up, say 120%+ in 3 years, can you say over 40% on your money per year, not to bad, and this is nothing compared to the future, worthless, makes no sense
the imf will now allow the cbi to make the dinar fully convertable around the world, which means it goes on the forex, which means everyone will exchange it
4 years? they are exchanging it now in the USA, where do you get this from?
( chase bank, one of the largets banking institutions in the usa? )
so you are saying in 2010 when they have a unified currency, all money in the middle east turns to dirt? makes great sense...
warka bank can purchase stocks on your behalf until the foreign investment laws are placed and enacted to allow you to own your own iraqi stocks, which is just around the corner..
please explain how a car bomb will set back stocks for years? last i checked car bombs go off almost everyday..
ive seen lots of negetive statements/points on why this speculation may not work as planned for us investors, but nothing this poorly put together.....
buying dinar = worthless? last i checked money is worth money and the dinar has gone up, say 120%+ in 3 years, can you say over 40% on your money per year, not to bad, and this is nothing compared to the future, worthless, makes no sense
the imf will now allow the cbi to make the dinar fully convertable around the world, which means it goes on the forex, which means everyone will exchange it
4 years? they are exchanging it now in the USA, where do you get this from?
( chase bank, one of the largets banking institutions in the usa? )
so you are saying in 2010 when they have a unified currency, all money in the middle east turns to dirt? makes great sense...
warka bank can purchase stocks on your behalf until the foreign investment laws are placed and enacted to allow you to own your own iraqi stocks, which is just around the corner..
please explain how a car bomb will set back stocks for years? last i checked car bombs go off almost everyday..
ive seen lots of negetive statements/points on why this speculation may not work as planned for us investors, but nothing this poorly put together.....
Good points,
I agree, no doubt about it, for those who started to invest in beginning, they are now sitting on a nice little return on their investments to date, myself included. The shots you don't take are wasted, so I am happy to have taken my best shot on this investment, and it has paid off nicely to date, but this is just the beginning and with dinars drying up on open market, the stage is set.
Whenever I hear of violence in Iraq, and how it may or may not impact dinar value, all I can think of is this, what else is new? Violence is a way of life in the middle east, so what makes anyone think a bomb going off is going to stop the economy? We have seen very little in the mainstream media on Iraq's economy until just last week when news was light coming out of Iraq, so if anyone thinks a bomb going off will stop the exploding economy, they are dreaming.
I was considering the dinar, but yesterday my grandfather shown me money that the japanese printed in anticipation of winning the war. New money for the countries in the pacific region. Well we all know what happened, and my grandfathers australian/japanese paper money aint worth squat.
We cannot be sure that if everything works out in iraq, that they will continue to use this dinar.
Re: Iraqi Dinar investments
Re: Iraqi Dinar investments
ARRRGGG - HYIP's Make Me Crazy!!!
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