Thread: Positive R/V Rumors

Originally Posted by Bubba Dinar

I believe that Repurchase Agreements between the Countries, will limit tha amount of IQD repurchased per year by Iraq from the various Countries. I believe it will be spread over about ten years to prevent wholesale dumping..

I'm sure you are right but it was jsfletcher, post #125 who posed the question about countries buying and then cashing out. I was trying to point out the futility of doing that. The currency would collapse and they'd have to buy it again.

Originally Posted by Bigslick116

...Lastly why would you not approve of $0.14 It's a huge step from where they were at. Hey as long as it gets the ball rolling I see no reason for anyone to complain, otherwise you are what i call greedy and selfish.

Also let me reiterate this is a RUMOR and I'm just passing along what I know.

Well said!

Originally Posted by eosirl2

Well said!

You may as well call all of us greedy and selfish. Was everyone happy with the rise from 1470 to 1435 even though it was good for the Iraqis? No, I don't believe that was enough, was it? Are we not all in this as an investment for profit?

It's easy to be harsh and use your own measuring stick to pass judgement on someone else, but I think some of us need to look at ourselves first. Will all of us sell at .14? I could say definitely not! Are we happy that things are moving and happy that someone is sharing a rumor - definitely yes!

Originally Posted by cigarman

IF this thing does go down at .14 Sunday or Monday, will they put in on the forex? If they do put it on the forex, what's your thoughts on it climbing up to .68 or better quickly ( now until 12/22 )?

If this rumor plays out [and that is a big IF] then I think you have to give the second part some merit as well [significant movement by April] that said, who agrees that .14 cents is a buy signal for the real money guys?

I highly doubt that most of the currency turned in @14 cents is going to be ran down to the CBI for exchange. It's just going to be held only this time by folks who understand just what a historical item this is. They in turn won't be off loading for pennies I guarantee it.

Originally Posted by Pegasus

You may as well call all of us greedy and selfish. Was everyone happy with the rise from 1470 to 1435 even though it was good for the Iraqis? No, I don't believe that was enough, was it? Are we not all in this as an investment for profit?
It's easy to be harsh and use your own measuring stick to pass judgement on someone else, but I think some of us need to look at ourselves first. Will all of us sell at .14? I could say definitely not! Are we happy that things are moving and happy that someone is sharing a rumor - definitely yes!

You pay $800 - $1000 for something and if, and I say if, it revals at 0.14 and you make $140K you elude that it's not enough! Show me today or tomorrow where I can make that kind of money anywhere in the world (other than drugs) for such a small investment and I'll sell everything I have to get it. If it revals at 0.14 take it and run...jmo

Originally Posted by wciappetta

If this rumor plays out [and that is a big IF] then I think you have to give the second part some merit as well [significant movement by April] that said, who agrees that .14 cents is a buy signal for the real money guys?

I highly doubt that most of the currency turned in @14 cents is going to ran down to the CBI for exchange. It's just going to be held only this time by folks who understand just what a historical item this is. They in turn won't be off loading for pennies I guarantee it.

Originally Posted by AFE7COP

You pay $800 - $1000 for something and if, and I say if, it revals at 0.14 and you make $140K you elude that it's not enough! Show me today or tomorrow where I can make that kind of money anywhere in the world (other than drugs) for such a small investment and I'll sell everything I have to get it. If it revals at 0.14 take it and run...jmo

You can do both. It all depends on the Investor. What ever makes that individual Happy is what needs to be done with no reqrets. Me personally I am in for the bigger amounts. But hey alittle Cash on the way want hurt ither.

Originally Posted by Dinar Cha Ching

I'm sure you are right but it was jsfletcher, post #125 who posed the question about countries buying and then cashing out. I was trying to point out the futility of doing that. The currency would collapse and they'd have to buy it again.

I have read back several post. I am under the Impression that the Paris Agreement covers the outside Country Investing Part. Like waiting 5 years before exchanging back for food are oil or even cash.

And IMHO there is not going to be a hugh purchase of dinar by a country with out the CBI knowing about it way ahead of time are without acknowledgement first.

It is like purchasing from a dealer of a large amount, like 10 million are more. it raises flags. So I am sure that Larger amounts then that will definent raise some ones flags, even if a amount like that kind of amounts can be purchased at all. Just a Thought. If I am off just ignore this post. Thanks.

regarding the thought of movement from 1470 to .14....I believe its actually a reasonable ROI, given the circumstances.

Although we did pay ~$750 per million for a (God willing) profit of $140k, we must also realize the implicit expenses that occured on our (or our childrens' behalf to *make this happen*).

It is estimated this war will end up costing over $2Trillion in both direct and indirect costs IF it is *over* in June of 2007. Some other costs (state dept, PPT, Treas, etc...) that we will likely never see (but are a part of keeping the economy afloat in time of war) are greater than $3Trillion. (exact numbers cannot be obtained due to M3 reporting, but the repo and derivatives market give good indications).

So, $5 Trillon dollars from the US taxpayers* for this event to occur.
But the US Taxpayers only funded about $1.5 Trillion. The rest is on credit.
Our children will repay that credit to the tune of about $20 Trillion over the
next 30 years.

For us to recover even the $5Trillion at $140k profit per million would require almost 36 Million fine US citizens to each have 1M NID...
...or 3.6 Million US citizens to each have 10M NID...
...or 7.2 Million US citizens to each have 5M NID....
...or 1 US Citizen a bunch more dinar than Cowboy Neal...

Now, I know America does not go to war to make a profit. But, I can and will argue that the $140k profit is indeed reasonable, given our actual costs.

In so far as comparing ROI...one needs to view actual $$, not just % return.
I watch this show "Flip this house" where people in LA hope to earn $150k for changing tile in homes...

I am not dogging anyone, rather I wish to convey that, when the dinar does RV, I will have no qualms about this as a fair, honest profit that is not unreasonable NOR is it blood money.

I also know many people (VC's) that have made far greater returns without anywhere near as much work as the fine people of this forum.

If it hits the market at.14, is there a chance it would run higher? Like a penny stock run?

Originally Posted by jstreet

If it hits the market at.14, is there a chance it would run higher? Like a penny stock run?

ABSOLUTELY yes. It must. As purchasing power of the Iraqi citizen increases so will demand for the dinar. And it will not take long. Remember there is the desire to return to previous levels in the value of the dinar. I think there will be little resistance to the upward momentum. MHO