Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by whatever

Pretty funny Tiff..We should have a new folder entitled, "What Retirement Smells Like" We'd probably get some very random descriptions. But hey, what happened to Adster's sig? I have a hard time deciphering what all the news means too, and as much as I am hoping for a peg as much as anyone, I just want to be realistic too. Seems when it comes to investments, I'm always waiting!! Oh well :cheers"

I'll update it guys!

News from Bruce at iraqidinars.com, my dealer who has supplied a lot of you dinars. I asked him about the supply of dinars etc....

Good sign folks.


I am in contact with major dealers and we all are experiencing tightness with stock as we do not want to sell our personal holdings - an American chap begged me to sell him 6 million from my stock and after some negotiating and re-stocking I am doing the deal shortly but stock is tight and this is a good sign :)

Kind regards

Bruce

Now THAT's what I was looking for! lol!

It is my understaning that some of the dealers from whom we have purchased our Dinars are registered with the Federal Reserve. Does this mean that they (the Federal Reserve) has a record of all our Iraq Dinar purchases and that they could use said record to chase down taxes they may believed is owed?

Just a thought, y'alls insite would be much appreciated.

Originally Posted by rodney ewalt

It is my understaning that some of the dealers from whom we have purchased our Dinars are registered with the Federal Reserve. Does this mean that they (the Federal Reserve) has a record of all our Iraq Dinar purchases and that they could use said record to chase down taxes they may believed is owed?

Just a thought, y'alls insite would be much appreciated.

I'd very much doubt it. It'll be down to you to pay your taxes. They have no record of purchases.

Originally Posted by tiffany

By 'smelling retirement' do you mean like a soft fragrant ocean breeze...or getting nailed in the face by a skunk?...Just trying to get a feel of how strong/close this odor is that you are speaking of!

Now this is the only thing that has made me laugh today.

Thanks Tiffany

Originally Posted by Adster

I'd very much doubt it. It'll be down to you to pay your taxes. They have no record of purchases.

I spoke with my one dealer a couple weeks ago who is registered and he told me that he had to fill out the 8300 form for people that purchase $10,000 or more...same as banks and car dealerships...$10,000 or more gets reported.

Not countering you Adam...just letting you know what he told me.

Originally Posted by tiffany

I spoke with my one dealer a couple weeks ago who is registered and he told me that he had to fill out the 8300 form for people that purchase $10,000 or more...same as banks and car dealerships...$10,000 or more gets reported.

Not countering you Adam...just letting you know what he told me.

Ok Tiff, although $10k of dinar is over 10 million dinar, and not many of us have bought that much through 1 dealer....

Anyways have a read of this, posted this already but just updating it with new thoughts.


...Recently, according to Dow Jones, Iraqi debt doubled itself and is now changing hands at about 15 to 20 cents to the dollar... The demand is so overwhelming that Geneva-based brokerage firm Trigone Capital Finance created a special fund to provide interested investors with exposure to Iraqi paper.
http://globalpolitician.com/articled...&cid=12&sid=52

If the price of the dollar denominated bonds issued by the Ministry of Finance back in January of this year has already doubling in price, then the yield to maturity must have dropped appreciably. This means that situation in Iraq has improved so signficantly that Iraqi bonds/public debt has reduced its risk exposure to foreign investors. This type of news is definitely the result of an improving political situation, positive economic growth, and in line with improved chances for a stronger currency in the near future.

This is the kind of financial improvements that Iraq needs to demonstrate to the world in order to encourage foreign investors into the country's bond and stock. But before Iraq can permit foreign investors to start buying bonds and stock in their ISX, Iraq will have to seriously revalue their currency. Otherwise foreigners will able to buy up their companies for the price of a pizza.

Yep. This is good news.

Originally Posted by rodney ewalt

It is my understaning that some of the dealers from whom we have purchased our Dinars are registered with the Federal Reserve. Does this mean that they (the Federal Reserve) has a record of all our Iraq Dinar purchases and that they could use said record to chase down taxes they may believed is owed?

Just a thought, y'alls insite would be much appreciated.

Not to worry Rodney,

It is the U.S. Treasury registration, and dealers are monitored, not buyers.

Good luck to all, Mike

I have two questions:

1. Over at another "dinar forum" I read that the Arab countries aren't forgiving debt (in spite of the "rest of the world" doing it) because they are waiting for the reval. Then there will be a lot of speculation, and the Arab countries can start collecting their loans, which would lead to the economy in Iraq being devastated (and the dinar falling), which in turn would give the other Arab countries power over Iraq... The government would fall, and Iraq would be in the hands of these other countries. This person that wrote this, said that that's why the world is pressing the neighbouring countries to forgive the debts.
(Ok, I don't remember exactly whay he wrote, plus I may have misunderstood some of it...but I THINK this was the essence of it)

What is your opinion on this?

2. It has been speculated by some people (at least one in this forum) that the dinar will reval high, say 1$, and stay that way for a few weeks. Then it will DEvaluate and go down to maybe 30 cents...and THEN start climbing again to maybe reach 1$ in a year or so...

Adam and Mike, what is your opinion on this?
Karin