Thread: is this how kuwaiti dinar revaled

Originally Posted by danny51

Each and every professional I have talked with about dinars gave them the big pooh pooh.

What do the professionals know that we don't?

Originally Posted by livefree

What do the professionals know that we don't?

They know nothing, they are just very very conservative is all.

i may have already asked this, did anyone here invest in the kuwaiti dinar back then? if so , did you make a ton of cash?

It would not surprise me, with Desert Storm and all over the mini shortlived invasion of Kuwait by Saddam, those that made tons (which undoubtedly increased to millions) out of it and all these events was sometime back now, would have seen them preferred a leisured life and in obscurity to enjoy their fruits rather than be glued to any chit-chat forum for the likes and to reveal what you simply are curios on...

I truly don't blame them being harbored by that profile & position either....

I always wanted to post that article about when CBI released their new currency. It sounded something like ( from memory):

"This morning CBI released the new currency of Iraq...blah...blah..."

That's how I always thought the RV news will sound:

" This morning CBI made an announcement that the Iraqi currency is pegged to the ...with a value of...."

Just saying...

Interesting,

Yes, although similar in the devaluation aspect, it was totally different since there was an infrastructure in place before Saddam invaded Kuwait. You have to understand that most thought the invasion was the end of Kuwait, and rightfully so, and with that fear, the Kuwaiti dinar dropped, and continued to drop to a low of just under .10 at its lowest.

Now for anyone who saw that U.S. would never allow Saddam to seize another oil rich country and get away with it, investing in Kuwaiti dinar was a unique opportunity, but there again, you had to have connections in country as this was a sudden devaluation, not like Iraq where it was a controlled devaluation, so you cannot compare the two.

As to potential for those who did take advantage of investing in Kuwaiti dinar, many did very well, and thinking back, I wish I had socked everything I had into dinar like a couple of business associates did who were working in Kuwait for several years, before and after Saddam, so when Iraq situation presented itself, heck, I would have to be a fool not to dump all I had into it and go for another ride, only longer this time around. lol

As I have seen it, with a controlled devaluation as was the case in Iraq, who would be fool enough not to realize it has to be restored sooner or later, after all, it is logical, but at the same time, with no stability in Iraq, it was different than Kuwait situation. In fact, as we have all seen, Iraq is probably the investment of a lifetime, far bigger than Kuwait, Germany and any other event that impacted currency in our lifetimes. You would have to be crazy not to take a shot and invest knowing what will happen eventually, and I know restoration will be the minimum to expect and then rise as the Iraq infrastructure is built, which it already is compared when Saddam was raping country for personal gains with days of massive corruption.

Frustrating to wait, but with what we have seen here, it is only a matter of time, so unfortunately, patience is what we all must have plenty of. As with most who have been involved from beginning, we all knew this was unchartered water and no one had a clue when value of dinar would be restored, but everything we know now says it will, and soon, very soon, so hang in their dinar gang, we are close.

Good luck and health to all, Mike

Thanks Mike! I knew you would answer this eventually! And I have to agree, I think we are closer than ever!

thank you mike, and everyone who put their 2 cents in i once heard that there are no stupid questions, just stupid answers, so i will continue to ask them as they pop up.

Originally Posted by Offshore-Wealth.com

Interesting,

Yes, although similar in the devaluation aspect, it was totally different since there was an infrastructure in place before Saddam invaded Kuwait. You have to understand that most thought the invasion was the end of Kuwait, and rightfully so, and with that fear, the Kuwaiti dinar dropped, and continued to drop to a low of just under .10 at its lowest.

Now for anyone who saw that U.S. would never allow Saddam to seize another oil rich country and get away with it, investing in Kuwaiti dinar was a unique opportunity, but there again, you had to have connections in country as this was a sudden devaluation, not like Iraq where it was a controlled devaluation, so you cannot compare the two.

As to potential for those who did take advantage of investing in Kuwaiti dinar, many did very well, and thinking back, I wish I had socked everything I had into dinar like a couple of business associates did who were working in Kuwait for several years, before and after Saddam, so when Iraq situation presented itself, heck, I would have to be a fool not to dump all I had into it and go for another ride, only longer this time around. lol

As I have seen it, with a controlled devaluation as was the case in Iraq, who would be fool enough not to realize it has to be restored sooner or later, after all, it is logical, but at the same time, with no stability in Iraq, it was different than Kuwait situation. In fact, as we have all seen, Iraq is probably the investment of a lifetime, far bigger than Kuwait, Germany and any other event that impacted currency in our lifetimes. You would have to be crazy not to take a shot and invest knowing what will happen eventually, and I know restoration will be the minimum to expect and then rise as the Iraq infrastructure is built, which it already is compared when Saddam was raping country for personal gains with days of massive corruption.

Frustrating to wait, but with what we have seen here, it is only a matter of time, so unfortunately, patience is what we all must have plenty of. As with most who have been involved from beginning, we all knew this was unchartered water and no one had a clue when value of dinar would be restored, but everything we know now says it will, and soon, very soon, so hang in their dinar gang, we are close.

Good luck and health to all, Mike

Mike when you say close, in your opinion do you think 1-4 months or more like 6 months to a year. Just wondering, thanks

1 To 6 Sounds About Right...........