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

Hi Kristin.. I don't know the answer .. good question tho..... but just wanted you to know I just pm'd you...libby

There's black gold in them hills!!! Just like America, their going to spend the next generations money now. LOL

Originally Posted by ourhouse37

I have an idea that this has probably been covered in the last several thousand pages, but, a question. If Iraq is having such financial difficulties, where is all this dough going to come from when a ton of people cash out at least part of their dinar? AThe complexities of inernational finance is sailing over my head.

Money held in reserve cannot be used to drill for oil, so this is why they need international investors to come in with billions to get oil flowing to build infrastructure which we all know is in diar need with power shortages, fuel shortages, etc.

Good luck to all, MIke

Mike, my answer is funnier. Is that a word? LOL. I'm sure ourhouse will correct me even though she left out the t in inTernational twice now. LOL. Just pickin ya'll

Hi all you dinarholics.

This is my first post, although I have been reading this thread every day for the past 3 months ever since I bought my first dinars. You really are a great bunch!

I just want to thank Adster for his help and also to everyone who has contributed to all the informational reports. You are doing a fantastic job!

Unlike many of you, I, unfortunately, cannot afford to buy millions of dinar as I am now living on a meagre pension BUT, should all this pan out then it will certainly help to make my life a lot easier, although it won't be enough to realise all my dreams (A villa in Spain being one! lol). Just wish I could scrape enough money together to buy a few more!

I would definately be interested in the dinar investment club, sounds a great way to give something back to Iraq and leverage your money at the same time.

I am in the UK and was wondering if anyone has come up with any more info re Capital Gains Tax. From what I have read on the Inland Revenue site it looks like as long as you don't have more that £33,300 in income ( income + dinars) for 2006/7 you will pay 20% Capital Gains Tax. Not much good for those of you who will be rolling in it but, for us small investors, I can live with that! Although, I would rather not have to pay anything, then I could realise most of my dreams! :-)

Good luck to us all, after the demise of so many programs over the past few years, it's time we all got a lucky break!

Megansgirl

Hi megansgirl
I am in the UK. Where about are you? I am in Hertfordshire in the S. E. I have also bought a small amount of dinars, but hope it'll make a difference in my life. Maybe we can arrange to meet for drinks when this hits, what do you say?
bedazzled

Hi bedazzled

I'm in Wales, but I'm all for a "get together" with other dinarholics in the Uk when the time comes. Would love to join the international meeting but don't know if I'l be able to do that.

Megansgirl

Megansgirl/bedazzled/other uk dinar holders,

I called the Nat West Bank yesterday and they will order dinars! If you order before lunch one day you will get them the next day.

I feel this is very significant for us when the time comes and we want to offload some of them as they will probably be the first in the UK to exchange them. Worth remembering.

Hi,

Thanks for that Adster, I have an account with Nat West, I went into my bank a couple of weeks ago and just asked a question at the desk, I said I had these dinars and that they were likely to peg in the near future and what should I do when I want to exchange them. The girl just matter of fact said bring them in and we will "do the business". Whether she really new what I was implying i.e. cash in my 2.5 mill or part of it remains to be seen.

Good news about Natwest, I bank with them too.

Megan - the 20% thing up to 33,000... what about over 33,000 is it 40%?

I did read that if its for "personal use" then there is no tax. I'm not sure how to persuade Brown that it's for personal use though... ("I was going to go on holiday to Iraq, but changed my mind. Then suddenly these dinars were worth loads of money. Not my fault that happened") Doubt they'd buy it.

It might be worth us pooling some money and getting the opinion of a professional tax expert?