Skeptical

[c .]

At first I was really excited about buying up ID and paying off all my family's debts and my schooling. However some things are not adding up and maybe I just need to write them out. What better place then here!?

Billions of IQD are being distributed around the world. What is going to make this money worth anything? At what point does this money change from 35 USD dollars to 17,000 USD. Where is the money coming from? One can’t just make money. I understand that there is a HUGE amount of work and aid being put into Iraq but billions of dinar are being shipped out. When it comes flooding back in how does it keep its value? Governments just can’t wave wands and make people rich. I may be missing something. I’m obviously not an economist.

If everyone tries to cash in on Aug 18th won’t this money become worthless again? From my basic high school understanding of supply and demand it does not seem to follow through.

I don't believe the insurgency will be successful and I know in my heart that America and the rest of the free world will succeed in making Iraq a asset to the western world. But could there billions of dinar flooding back in turn it all back into paper money again?

I hate to be a rain cloud. Maybe I am missing a fundamental point. I have done the math and it works. That’s if I haven’t left something out, like inflation/deflation. If somebody could explain this to me, maybe I can get my own little bundle before the 18th (the 19th is my b-day too :D). Now to find the cash!!


Thanks


(bet this has been asked a billion times hasnt it?)

[Crix]

That's a thing called logic speaking to you. Listen to it! Others here have turned the volume down.

The Dinar is NOT going to open on the 18th for .31/$1, common sense dictates that. The Dinar will rise, that's why I bought it, I have no doubt about that fact. However, it will take years not months to show the profits people here are expecting this month.

Let your common sense do the thinking for you, not some rumors on a chat page.

[Potogold]

We are all in for a big surprise when the Dinar is fixed @ 0.3358/$us about the 20th of this month. Mark my words on that. Write it on your calendar.
:D

[RET]

Got any info in that pot-o-gold you'd like to share????? ;)

[Crix]

From your mouth, to God's ears! I hope your right!

[Jeffrey]

Potogold.....I like your enthusiasm! And if you are right....I also REALLY like your crystal ball :D

I need it to open....I am running our of places to put this stuff...at least I could put it in a bank then :lmao:

[dannyboy]

Well, I'm glad someone else seems a little worried it won't pay off...

I've heard all sorts of crazy stories about people buying dinar. One of the more interesting stories I heard was of Egyptian crime rings buying dinar and taking it out of the country in giant trailers.

If so much of this money is being bought and taken out of the country, it almost seems we could all be doomed ever before it enters the market. If the dinars get all taken out of the country, it seems to me that more would be printed, making them worth even less, before they are even worth anything at all.


Of course, I know nothing at all, those are just a couple of my worries.

On a side note, it would be great if the dinar did go up, I would be filthy rich. But it would also be kind of scary, if its true about all those crime rings and stuff buying tons of the stuff.

-Dan

[Potogold]

At first I was really excited about buying up ID and paying off all my family's debts and my schooling. However some things are not adding up and maybe I just need to write them out. What better place then here!?

Billions of IQD are being distributed around the world. What is going to make this money worth anything? At what point does this money change from 35 USD dollars to 17,000 USD. Where is the money coming from? One can’t just make money. I understand that there is a HUGE amount of work and aid being put into Iraq but billions of dinar are being shipped out. When it comes flooding back in how does it keep its value? Governments just can’t wave wands and make people rich. I may be missing something. I’m obviously not an economist.

If everyone tries to cash in on Aug 18th won’t this money become worthless again? From my basic high school understanding of supply and demand it does not seem to follow through.

I don't believe the insurgency will be successful and I know in my heart that America and the rest of the free world will succeed in making Iraq a asset to the western world. But could there billions of dinar flooding back in turn it all back into paper money again?

I hate to be a rain cloud. Maybe I am missing a fundamental point. I have done the math and it works. That’s if I haven’t left something out, like inflation/deflation. If somebody could explain this to me, maybe I can get my own little bundle before the 18th (the 19th is my b-day too :D). Now to find the cash!!


Thanks


(bet this has been asked a billion times hasnt it?)

It is OK to be skeptical; however, look around you at those who are saying the Dinar will never increase. How are they doing financially? Probably have a difficult time paying their house note each mont. Well, I certainly do not want to take advice from those types; I am a contrarian, and I am buying, buying, and buying. I would simply like to know the strategy people have for selling when the time comes.

[Blake]

Potogold,
Care to shed some light on your supreme confidence regarding this August 20th opening at that price?

[Jeffrey]

Dannyboy....I am sure that "good" people are not the only ones holding Dinar. I have also pondered the fact that terrorists will benefit from this too. But, it seems that terrorists have access to alot of money anyway. There is no way to avoid that I guess. And Potogold is right. When the Dinar goes on the world market...it is the supply and demand issues that will determine the trading price (I think, feel free to correct me if I am wrong)....and there seems to be a great deal of demand for the currency right now.

It's just all so confusing.....think I'll go out and have a couple of drinks tonight! :lmao:

[Potogold]

:huge:
Got any info in that pot-o-gold you'd like to share????? ;)

I would love to share my source with you, but most would probably think I am talking threw my hat. I will say this, Keep Buying. I have been buying weekly and will continue. Once the price moves, and it will shortly, you will see I was right.

There has not been anything like this to happen to those of us who will take a risk (a little risk compared to the pay off) since 1979-80, and even that does not compare to the Iraqi Blow Out. While the nay sayers are listening to everyone else, and trying to apply logic, I will be counting my Millions of $$$$'s and they will be saying, "Well, logic told me it couldn't happen."

[RET]

Come on Potogold! TALK THROUGH THAT HAT OF YOURS!
I want to know . . .
#1 what you know
#2 who your source is
#3 where abouts you come from

SPEAK, my friend. We are all ears! :)

[RogerL]

:huge:

I would love to share my source with you, but most would probably think I am talking threw my hat. I will say this, Keep Buying. I have been buying weekly and will continue. Once the price moves, and it will shortly, you will see I was right.

There has not been anything like this to happen to those of us who will take a risk (a little risk compared to the pay off) since 1979-80, and even that does not compare to the Iraqi Blow Out. While the nay sayers are listening to everyone else, and trying to apply logic, I will be counting my Millions of $$$$'s and they will be saying, "Well, logic told me it couldn't happen."Little do we know that Potogold is in reality Senan Shabibi, writing to us from the Central Bank of Iraq. So of course he would know. :drunk: :lmao:

[Crix]

"Well, logic told me it couldn't happen."

Logic told me it will happen! Common sense told me it won't happen any time soon. I know, talk to you one the 20th when your a millionaire. Yadda, yadda, yadda. I'll talk to you with pleasure, just hope you've go money left to pay the mortgage with your weekly buying pattern.

See ya here on the 20th!

[highrollr19]

Logic indicates that it will rise! That I am very sure of! WIth the amount of wealth Iraq is sitting on, it will most definetly rise.

On the other hand... eager, anticipation needs to also be tempered with a little common sense. It will not open at .31. I hope and pray that it does, but commone sense says it will not! Now, will it ever rise to .31, possibly. That remains to be seen. I do see that as a possibility, but not a starting point. I expect something areoun 1000 dinar per dollar to start. Then it will slowly appreciate. And, on occasion (bombing, assasination, etc) it may take a big hit depriciate as well. This is going to be a few years before we are all rolling in our $$$$.

[Aloha Traders]

I would like to see it open at .01 to the dollar... I would still sit on my stack for a while but it would be nice to see .01 opening as compared to .0007 right now. :drunk:

[c .]

It is OK to be skeptical; however, look around you at those who are saying the Dinar will never increase. How are they doing financially? Probably have a difficult time paying their house note each mont.
Well, I certainly do not want to take advice from those types; I am a contrarian, and I am buying, buying, and buying

There are a million reasons for not being able to pay off your mortgage every month, and poor money sense may not be one of them.


But either way there is a very big point here. This is a scenario that I am running through my head right now. What ever the government pegs the IQD at come Aug. 20th WILL NOT be what the IQD is worth. Money is not worth what the governments says it is. Its worth what people are willing to trade it for.

If the Iraqi government does peg it at 32 cents USD can the Iraqi economy sustain that level? If it does great! But if it can't then its going to drop very quickly.

However on the other side. There are going to be the worlds best economists guiding the governing authority over there into how to make a successful economy. There are supposable 3 trillion IQD in circulation with over 25 million people. Maybe the 32 cents allows an even distribution and a favorable alternative to the USD they are using. I don’t know... im not an economist.

What I am really interested in knowing is how all this money is getting out of Iraq.... AND if its going to hurt the economy at all. Since BILLIONS are going to OTHER people.


c.

[RogerL]

But either way there is a very big point here. This is a scenario that I am running through my head right now. What ever the government pegs the IQD at come Aug. 20th WILL NOT be what the IQD is worth. Money is not worth what the governments says it is. Its worth what people are willing to trade it for.

If the Iraqi government does peg it at 32 cents USD can the Iraqi economy sustain that level? If it does great! But if it can't then its going to drop very quickly.An interesting thing about currency pegs is that the GDP of the economy may not have a whole lot to do with the value of the local currency. The whole basis for currency pegs is to boost the value of the local currency by basing the fortunes of that economy on the fortunes of a stronger economy, such as the United States or the EU. This is often done by third world economies that do not have the economies to support a genuinely floating currency, i.e. the currency can't stand on its own.

The value of the dinar, in this case assuming it's pegged to a major currency or currencies, is mostly dependent on the amount of foreign reserves held by the government. It is confidence in the government's ability to exchange dinars for the pegged currency that keeps it from suffering a currency breakdown of Argentinian proportions.

Say the Iraqis decided to peg the dinar to the dollar. That is a commitment from the Iraqis that they can trade any amount of dinars for the equivalent dollars. As long as the government maintains enough dollars to trade in for all dinars, there should be no problem. Of course getting those dollars to start with is the biggest problem, so the initial peg has to be supportable by the amount of foreign reserves held at the time of pegging.

The problems can come in several ways. If the government goes crazy and starts up the printing press without getting in more dollars, the dinar will collapse. Or if the government builds up too much of a foreign debt that needs to be paid in dollars through heavy borrowing, then the outflow of dollars may put in jeopardy the ability to bolster the dinar. Thirdly, if the dollar strengthens signficantly due to economic conditions in the US, that puts a strain on the ability of Iraqis to export their non-oil products (oil always based on dollars) as the products become too expensive. Dollar inflows could slow to the point where the government cannot support its foreign debt and therefore could not support the dinar.

If any of those scenarios occur, investors will lose confidence and abandon the dinar. Investors sell dinar for dollars, further depleting the foreign reserves. This could cause an economic collapse if the government fails to devalue or re-peg the dinar.

Once the peg is in place, as long as the government maintains a respectable fiscal and monetary policy, it isn't too difficult to support a peg assuming the peg is at a valid rate, or range, to begin with.

[c .]

Thanks RogerL

This kind of infromation is very valuble. I must say that it beats the bantering.

I have nothing against bantering... all you have to do is wait.

Now I need to find the funds

c.

[ROB5891]

hey potogold,
a couple days ago, pooky and jen said that they heard a rumor from their husbands that it's going to open the 13th. you are saying the 20th, but both of u guys are saying the same price. what do u ahve to say about that?

[Jen39503]

Rob, THATS how rumors get started. Pooky and i did NOT say it was opening on the 13th....
what we said was the 18th. please dont misquote me :mad:
jen

[ROB5891]

sorry jenn

[highrollr19]

So do you think it will be in Sept now that the ISX opening has been delayed?

[Jen39503]

I havent a clue. DH hasn't heard any new "rumors". Hes been working nights, so hes kinda out of the loop right now.
I will keep yall posted when i do hear something tho.
jen
p.s, following the ISX is way beyond my realm of understanding. I get confused easily :lmao:

[ROB5891]

well at least you're being honest

[Mysterious11]

I talked with a friend that is up in Kirkuk. The word on the street in his area is that the Iraqi Dinar will not hit the market until January after the U.S. elections and the President is in office. Any truth who knows, but that has been the word since he went to Kirkuk in March 2004, it seems to stay the same in his area. Take it for what it's worth........

[IrishNight]

We are all in for a big surprise when the Dinar is fixed @ 0.3358/$us about the 20th of this month. Mark my words on that. Write it on your calendar.
:D

Just wondering what makes you so sure that around hte 20th it's gonna be .3358/usd. Do you know somethign the rest of us don't? If so, PPPLLLEEEAAASSSEEE tell. :happy64:

[highrollr19]

I would love to know that also POTOGOLD! Any inside information, or is that just some random number that came out of your head? I seriously doubt it will open anywhere near that high, but... if you know something we don't... by all means... educate us!

[RET]

I think we are victims of a hit & run. Potogold "hit" us with info./rumors then he "ran". :drunk: Noticed he hasn't posted since . . . and he didn't answer our request for backup! Hmmmm! I'll give him the benefit of the doubt that he's searching for the info so he can share with inquiring minds!

[krachon]

Maybe pot of gold is a Dinar seller trying to encourage additional purchase. :confused:

[bert]

i've been thinking about that alot,and about alot more people than potogold.i'll stick to the people that have been around awhile,any newbees i'll listen, but show some me some facts.i trust the old timers.

[highrollr19]

Agreed Bert! At this point, you have to earn some credit before I just go off believing rumors. There are too many people out there who just enjoy reaking havoc.

[Jen39503]

I'm still here, just no new rumors to report. Although he did purchase some more today ; )

[Psycho for Dinar]

Rumors are basically something that could happen. I recall a year ago there was a rumor that our department was in for a huge annual pay increase. I would say 90% of us thought it was a joke! In the past, all we maybe saw was a 2% increase. I'll be damned if we didn't have an adjustment based on our area of approximately 20%!!! Hopefully, this years rumors brings the same results!

[AF Sergeant]

Before I get started, I would like to say hello to everyone who is new to the forum. I have been here since day 1 and I am NOT a rumor mill or flame thrower. I would have no credibility if what I say is not completely word for word from my sources. So with that out of the way, here goes....









I purchase my Dinar from a local money exchanger. After he receives USD, he drives to Baghdad or the Jordanian border to get more Dinar. I trust this man explicitly with my money. When I asked him today about the "silly rumor" about the Dinar going up next week, he laughed. He told me about all of his associates who exchange money are NOT BUYING DOLLARS AFTER TODAY!! They worry that they may not be able to get to Baghdad or Jordan before the Dinar raises in value. :happy26: This man hasn't used a Dinar for transactions in YEARS and is personally buying as much as he can BEFORE NEXT WEEK. They have been hearing the same RUMOR for over a month in the banking sector of Iraq! What this means is either the whole world is being duped, or we are going to be reaping a large harvest. Be advised this is second hand information, but it is from the people dealing with Dinar daily in Iraq. Take it with a grain of salt if you are a pessimist, you optimists can go ahead and start planning your permanent vacation from work.


---- BREATHE DEEPLY -----



Now before your heart beats out of your chest like mine did, he did not mention any prices. The information he heard was it was going up quite a bit. :D


If it goes up to a nickel, I'll throw the biggest non-alcoholic beer party this side of the Euphrates. :lmao:

[dinarfor2]

.5 would make me very happy...

[Jen39503]

This is a rare occurance for me, but well, i'm speechless, lol
:happy64:

[krachon]

This is great news for us as well for the people in Iraq. If the move occurs, Iraqis may finally start to see the bright side of the U.S. presence in their country. :huge:

[ROB5891]

i think literally my heart is out of place. i swear it dropped.

[DinarLuna]

This reminds me of a penny stock I bought years ago. Someone told me about the co. and said it was gonna hit big in a year or 2, so I put in $150 and got 40 shares ($3.75 each). I told my friends about it and they all laughed. I watched the message boards and read the optimistic posts and the pestimistic post. The stock stood still for about a year and a half. All of the sudden the company was merging with 2 other compaies and the stock went up to $30.00 a share.

The funny thing was that the only people left posting were the one who bought the stock initially at $3.75 and were writing about how they payed off their mortgages and bought new cars etc.

When you tell people about the NID they act the same way, but if it only hits .10 then I know I will be one of the people here still posting about how I bought a house and new car..... :lmao:

If you don't take a chance, you could be left behind!

[Psycho for Dinar]

I hate to be a party pooper but I'm hoping it stays low for a few more months. Like to get 3 mill but can't. I have 500,000. You would think that is enough and I suppose it is but I think I'm getting the itch.

I work with the good DrRaf. You see, if this were to go through, he knows that he may have to pick up a piece of my workload while I was laying back in a cathouse in Amsterdam. Sorry Dr., catch ya on the flip side!!! :lmao:

[bert]

psycho please-please save me a seat on the plain.your flying buddy bert

[pooky]

:wave: AF Sergeant, I want to thank you for the post... I am assuming you mean the week of the 18th, because your post was today 8/13/04. I got some paperwork (which was an email he printed out) from my hubby in iraq stating..( and this is just a small portion of what it says)
The NID will more than likely start where it was stopped, at about $0.33/usd. There will be a large volume of selling and buying, so expect the price to rise briskly and then settle back down, about 30 days after it opens.
To everyone who reads this.. this is just a email printed out that was sent to me, who knows if it is true, but I trust in what I am hearing thru my hubby. So again, I strongly emphasize its hearsay.. don't go on a buying frenzy yet!! ;) Once again.. Best of Luck to everyone!!! :o

[RET]

Can you say who made the statement and did they mention next week in the email? Thanks for sharing this with us! :)

[Collegeinvester1000]

After it drops back down after 30 days........was their any info of how low it would drop after it's brisk rise? Any info on that?

[pooky]

The email came from a fellow employee and investor in a higher position than my hubby.... on this particular email it does not state a date or what it will stabilize at.. But, I kinda felt (just from playing stocks before) that it would rise.. and then stabilize.. When and if I hear more I will post it.. :happy26:

[CAP]

Like Pooky implied, or said, in her post - it's all S-P-E-C-U-L-A-T-I-O-N.......

Think I just found a need......DINAR LAMAS THERAPY............

[Collegeinvester1000]

awesome, thanks, yeah I was wondering if it would go up to say 30ish then drop down to like 10 or somthin, then slowly climb, my personal thought is that it isn't gonna open that great but I think it will make a slow and steady climb. Just my opinion anyway

[Jeffrey]

No one could possibly know what it would "settle" at after it opens. The only "control" that could be placed on the Dinar is what it OPENS at and WHEN it opens. Market forces from that point on would determine if it goes higher or lower and where it settles.

If I am wrong someone correct me. But I think that once its let out of the gate, the world market determines what is worth...right?

[bert]

they have to post it now,dr is claiming we have done nothing for them.that there in no better shape now then before.uprisings in five differnt cities.he's getting the poor and middle class on his side,they have nothing to invest into,and no wealth of there own.but the real question is will it go internatioal,and will be able to trade within that month here in the states.JARED- ( oh were art thou? )AND THE WEATHER HAS PASSED HERE IN FL,STILL ONLY 70MPH WINDS -AND BEING FRIDAY NORMALY I WOUDNT BE TALKING TO MY DINAR FREINDS,BUT THE RAIN HAS KEEP ME IN.

[ROB5891]

this all seems surreal