Iraqi Dinar

[PENYSTOKMILIONAIR]

I have been posting on an Iraqi Dinar thread which simply vanished, I guess that the ideas that were being discussed were too radical for HSM

A very small percentage of my investment portfolio consists of Iraqi Dinar, however I have been holding it for years, I am glad that I got into it, and I have watched its value slowly climb, nearly on a daily basis!

[wolf825]

Actually it was removed when you could not help but put others down for their opinion and as the Mod for the Forex Forum I decided since the Dinar is not traded in the Forex market that it was off topic.

Your view and opinion was respected and your info was welcomed, but when others posted a different view, you were not polite enough to respect their view. If you wish the Dinar to be a topic again, please be respectful.

Best of luck with your investment.

-w

[PENYSTOKMILIONAIR]

I'm sorry Wolf, I'll try to be more opened minded to the posters on this thread, there are risks to buying the Dinar, thats why the price is so low right now, yet perhaps its too risky for the majority of the investors out there, if your looking for liquidity, I don't recommend it right now, but as a long term hold, with no target date set at this time for trading on a worldwide basis, the only way to unload your dinar if you grow tired of holding is on the internet thru EBAY, or other auction houses. I new what I was getting myself into years ago, and I am more than happy to wait it out, if the value went to zero, the dinar would still have collectable value, so where is the risk?

Originally Posted by wolf825

Actually it was removed when you could not help but put others down for their opinion and as the Mod for the Forex Forum I decided since the Dinar is not traded in the Forex market that it was off topic.

Your view and opinion was respected and your info was welcomed, but when others posted a different view, you were not polite enough to respect their view. If you wish the Dinar to be a topic again, please be respectful.

Best of luck with your investment.

-w

[wolf825]

Originally Posted by PENYSTOKMILIONAIR

I'm sorry Wolf, I'll try to be more opened minded to the posters on this thread, there are risks to buying the Dinar, thats why the price is so low right now, yet perhaps its too risky for the majority of the investors out there, if your looking for liquidity, I don't recommend it right now, but as a long term hold, with no target date set at this time for trading on a worldwide basis, the only way to unload your dinar if you grow tired of holding is on the internet thru EBAY, or other auction houses. I new what I was getting myself into years ago, and I am more than happy to wait it out, if the value went to zero, the dinar would still have collectable value, so where is the risk?

Agreed....and again I wish you well on the investment--believe me I would love for a lot of folks to become instant millionaires based on a dinar move--it would be a great thing to see happen. But--its a risky float and a long term deal no doubt about that....and should only be done by folks willing to accept the risk and use capital they can afford to risk on such a potentially long term venture.

I had posted long ago the risk potentials of it and the things that would need to happen for it to set itself up, and also how it does not compare to the Kuwait dinar and what happened with it vs this Iraqi dinar--and my post on the subject still gets dragged up every now and then, asking about its risk now..which really has not changed much. I would love to be proven wrong by many new millionaires...but for me its not about who is right or who is wrong--because I myself have also considered buying a mil or two, on a whim longshot "just in case"...but I have other quicker moving things for my money right now and taking this risk is not a priority for me. Its not about right or wrong--its about the risk and who wants to give it a go or not--and each person has to decide their own comfort zone for that based on well informed decisions. I'll never tell folks not to take the risk--and I never tell folks to go jump in head first blindly...the risks are clear and should not be downplayed nor others downplayed for trying and goin for it. Forex for example is all about risk--if we don't ever take the risk, we can never enjoy the reward if it comes...and in currency trading--anything can and often does happen to surprise us...

Good luck my friend and I hope you will continue....
-w

[PENYSTOKMILIONAIR]

Since Monday this week, there have been no auction results posted, I dont know yet if it is a good or bad sign, but on Monday, the value was at its 52 week high .

Good luck to those who hold the Dinar!

Originally Posted by wolf825

Agreed....and again I wish you well on the investment--believe me I would love for a lot of folks to become instant millionaires based on a dinar move--it would be a great thing to see happen. But--its a risky float and a long term deal no doubt about that....and should only be done by folks willing to accept the risk and use capital they can afford to risk on such a potentially long term venture.

I had posted long ago the risk potentials of it and the things that would need to happen for it to set itself up, and also how it does not compare to the Kuwait dinar and what happened with it vs this Iraqi dinar--and my post on the subject still gets dragged up every now and then, asking about its risk now..which really has not changed much. I would love to be proven wrong by many new millionaires...but for me its not about who is right or who is wrong--because I myself have also considered buying a mil or two, on a whim longshot "just in case"...but I have other quicker moving things for my money right now and taking this risk is not a priority for me. Its not about right or wrong--its about the risk and who wants to give it a go or not--and each person has to decide their own comfort zone for that based on well informed decisions. I'll never tell folks not to take the risk--and I never tell folks to go jump in head first blindly...the risks are clear and should not be downplayed nor others downplayed for trying and goin for it. Forex for example is all about risk--if we don't ever take the risk, we can never enjoy the reward if it comes...and in currency trading--anything can and often does happen to surprise us...

Good luck my friend and I hope you will continue....
-w

[phatey]

I've thought about investing. It would be a LONG term investment, but look at the other countries we have invaded (Germany, Japan). With oil at 73$ a barrell and no signs of ever going down (our lifetimes) in 50 years Iraq could be a flourishing prosperous nation.. (??)

[thejaguar]

Originally Posted by phatey

I've thought about investing. It would be a LONG term investment, but look at the other countries we have invaded (Germany, Japan). With oil at 73$ a barrell and no signs of ever going down (our lifetimes) in 50 years Iraq could be a flourishing prosperous nation.. (??)

sadly, we didn't invade Japan. Germany yes. But these are two seperate scenerios since these two countries had a new outlook of life and was contributing to the rebuild, while Iraq has insurgency and mixed feelings about us. They don't look at it that they were at fault, Germans, Japanese did feel at fault therefore wanted to help out in rebuilding thier country.


Problem in investing in Dinar is, all it takes is one tyrant or somebody else to overthrow the government and proclaim a new currency, then the currency will become invalid. It is a good idea, but stability is a big issue when it comes down to this, you don't know 50 years if Iraq will be in one piece or not, but at 1945, we knew Japan was gonna be whole, and Germany 45% was in shambles but it was rebuildable.... and government structure still intact.

Iraq? 80% in shambles, and government structure not in intact and the people don't call themselves Iraqis, hard to invest in a product when the "company" don't believe in their own self.

That's my two cents....

[PENYSTOKMILIONAIR]

Details NotesNumber of banks19-----Auction price selling dinar / US $1249-----Auction price buying dinar / US $1247-----Amount sold at auction price (US $)90.375.000-----Amount purchased at Auction price (US $) 8.000.000 Total offers for buying (US $)90.375.000-----Total offers for selling (US $)8.000.000-----

[weatherbill]

i bougth some dinar back in march and am glad I did.
one day they will revalue the dinar and there will be some bank to be made. After all, the have the oil to back it up.
Of course, for me this is a long hold, like for a few years

[PENYSTOKMILIONAIR]

Yeah, I agree Bill! I'm holding indefinetely, or at least until I make 1000 percent profit, or greater, I am in no hurry

Originally Posted by weatherbill

i bougth some dinar back in march and am glad I did.
one day they will revalue the dinar and there will be some bank to be made. After all, the have the oil to back it up.
Of course, for me this is a long hold, like for a few years