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

HEY "CIG"....we need your input on this forum buddy....you along with a bunch of others on here give us guys and gals our much needed information....don't let one person's negative response to your post get you down or make you leave....i,along with 1,000's more value everything u and Mike,Adater,Pips,Raddie,Neno and countless others bring to this forum....please say u will STAY.....and keep your posts coming....regardless where you get your information from,it is usually reliable and newsworthy....and when it is rumor,you state that it is also....we love you here......GO DINARS....Pat

Cigarman,

For what it is worth to you, when a negative a** like that posts here we ALL pay a price in one way or the other. While that dumb a** gets negative and we all feel the upset stomach it is YOU "Cigarman" that brings the calm.

For that I say Thank You

kevin

Originally Posted by cigarman

I have trusted this poster on another forum and he just posted this. Looks like Adster will win. LOL

There are a lot of people on here that know me personally, They know that I own a Nutrition Business, they know my address, my phone number they have been to my home. They know that I am not a dealer. They know that I, like a lot of you have hundreds and hundreds of hours under our belt's in research on the Iraqi Dinar, and that I am a supporter of the Iraqi people. And that yes I have invested quite heavily in the NID,and in Warka and the ISX as well. I have posted about my feelings about the importance of rumors in our dinar world, its what keeps our dreams alive. I was not going to post any more because I don't like the fact that some of the people on here without knowing you at all they accuse you of being a dealer. There are some good dealers and some that I wouldn't trust as far as I could throw them. Like some of you I have been burnt big time by one of them. But enough of that. As you know I posted what is classified as a soft rumor a few days back, well I have a update, and it is now a HARD RUMOR, OUT OF OUR SOURCE IN BAGDAD. THERE WILL BE A REVAL ON THE 2nd OF SEPT OF THE DINAR. No I will not give you his e-mail addy or his phone # as it has already been proven what people on here do with that info (ie Warka info) and I will not subject him to that stress and bs. I am posting this info for all of you out there that like and deserve to hear some good info. Maybe this is the one we are waiting for, we sure do hope so.

Happy Birth-day to MEEEEEE!!!

That is ONE WEEK from TOMORROW....with the "long holiday weekend" to cushion the changeover...I honestly don't know how much longer I can go on like this ! I'm all revved up about a HUGE Fisher-Price sale I'm going to tomorrow...but throw this in the equation and I'm OVER THE MOON!! WOOOHOOO!

Since the PM's still aren't working....no-body read this next part!

Cigarman, I'd like to point out that there is a "Power Team" of sorts here on our little forum...A team that you are most DEFINITELY a MAJOR PLAYER in! Please don't let a person with "69" in his username ()piss you off THAT BAD that you don't post! Come-on-now! I've grown rather fond of your gut...don't end it like this....after all that we've been through! I've grown to ignore the "nillies" ...what's funny is that some probably think that I'm one! lol ~! Luv-to-the-belly~~Tiff

Tiff,

I like your style.

Monica

Greetings all,

No doubt about it, we are all a bit frustrated as we have all been on this trip for a few years now and a lot of frustrations can build up when under financial pressures, so let us just forget about a couple frustrated posts and move on.

We have a great group of sincere caring and sharing people I am proud to be associated with, so ignore the few who are venting their frustrations and don't take it personal. Together we will complete our journey and we can all look back and laugh at the naysayers, and know that together we got through all those frustrating times as one. No journey or trip is worth it if it is done all by yourself.

Keep all the posts coming guys and gals, no matter what they are, it all helps us learn more, good or bad, we are better off reading as much as we can to understand the complicated situation in Iraq and region. We are almost there, and then the fun begins, for all of us. (g)

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Greetings all,

No doubt about it, we are all a bit frustrated as we have all been on this trip for a few years now and a lot of frustrations can build up when under financial pressures, so let us just forget about a couple frustrated posts and move on.

We have a great group of sincere caring and sharing people I am proud to be associated with, so ignore the few who are venting their frustrations and don't take it personal. Together we will complete our journey and we can all look back and laugh at the naysayers, and know that together we got through all those frustrating times as one. No journey or trip is worth it if it is done all by yourself.

Keep all the posts coming guys and gals, no matter what they are, it all helps us learn more, good or bad, we are better off reading as much as we can to understand the complicated situation in Iraq and region. We are almost there, and then the fun begins, for all of us. (g)

Good luck to all, Mike

Words of Wisdom!

Hey Dinar Gang,

Had a friend direct me to this article, she saw only negativity toward dinar investing, but I saw something great which I highlighted in red! Take a look and see what you think.

She was especially interested in why the Iraqi Dinar and not the Turkish Dinar. Figured I would let the genuises tell her why right here on this forum, which she does read but doesn't do any posting. Little shy I guess.

Have fun with it, tear it up and let it peg!

Monica


NEW YORK (CNN/Money) - I'm considering buying Iraqi currency as an investment. Is that a good idea?

— Ray Hammond, Dayton, Texas

Judging by the number of pitches I see from Web sites flogging the new Iraqi currency, not to mention dozens of people on eBay, there are at least some people out there who think investing in the Iraqi dinar that was introduced last October makes sense.

My take is unequivocal. Given the difficulty of predicting currency movements, I'm not even a big proponent of investing in established currencies like the euro or the yen.

And when it comes to buying and selling the fledgling currency of a fledgling government in one of the most chaotic parts of the world, that goes beyond mere speculation. I'd call it gambling.

The main argument for buying the dinar, of course, is that Iraq has vast oil and natural gas reserves at a time when energy prices are climbing. If the country gets its political act together, it could profit in a big way.

I hope things work out that way, but it's a big, big if.

And even if it does, there's no guarantee it will be able to run an economy that keeps inflation -- a major risk for currency values -- under control.

Of course, where there's great risk and uncertainty, there's also the potential for great reward. But I'd be wary of some of the information out there.

One site I visited had a chart showing the historical value of the dinar from 1932 through 1982 fluctuating between just under $5 and just under $3 per dinar. Gee, the dinar is now worth only $0.0007. Could you imagine if it made it back anywhere close to its historical range? Why you'd make a killing! Even if the dinar climbed in value to just one cent, that would represent a 1,329% return!!! Surely, it can go up at least a penny.

Really? If that's a sane rationale for investing in a currency, then why not buy the Turkish lira, which trades at $0.0000007?

Fact is, it's the economic prospects for a country that determine the future value of its currency, not the price it trades at now or the price it traded at [B]in the past.[/B] And no matter how low a value a currency reaches, it can always go lower.

One final thing to consider if you're still thinking about investing in dinars is liquidity.

At this point, there's not a particularly organized market for them. You can get an exchange quote for dinars by going to the currency section of Bloomberg or Yahoo Finance, but the rate you'll pay varies substantially from one seller to the next.

As for selling any dinars you buy, good luck.

Frank Trotter, an executive with Everbank, the online bank that offers small investors savings and money-market accounts denominated in a variety of foreign currencies (but not Iraqi dinars) told me that his trading desk surveyed several of the online dealers posing as someone who owned dinars and wanted to sell them.

"We received no bids," said Trotter. "We haven't seen a legitimate market in terms of trading it."

That could change, of course, but probably only if the political and economic situation stabilizes. So if you want to sell dinars, for now you're pretty much relegated to eBay.

My view is that if you want to spend a few bucks to acquire Iraqi dinar as a novelty item or you want to gamble with money you can well afford to lose, that's fine. Enjoy yourself. But you shouldn't even think of making something this iffy a part of your investment portfolio.


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Walter Updegrave is a senior editor at MONEY Magazine and is the author of "We're Not in Kansas Anymore: Strategies for Retiring Rich in a Totally Changed World."


--*Disclaimer

Interesting article there Monica. Funny how the author uses Turkish lira to support his premise, instead of the Kuwaiti dinar...Walter Updegrave may soon find his dinar-less portfolio Indegrave...

A few words to all the great researchers here at the Dinar forum..the hurricane, cigarman, Mike, Adster, all the others who contribute: We probably have a better handle of what's going on in Iraq than Condi..OK, maybe not her, but certainly more than poor 'ol "senior editor" Walter at Money Magazine! Thanks to you all, and I apologise to those whose names I didn't mention. I guess I'd like to mention one more thing to Cigarman; Please don't quit posting here bud. When I read Eric's post, I never took it that he was referring to you as a dealer, but rather the person that you were quoting as being one. Anyway, sometimes things don't quite come out the way we mean it when posting. C'mon back, I'll buy the first round

Whatever posted: Walter Updegrave may soon find his dinar-less portfolio Indegrave...

Originally Posted by readytogo

Whatever posted: Walter Updegrave may soon find his dinar-less portfolio Indegrave...

TOO FUNNY MONICA!!! YOU GO GIRL!