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Old 08-08-2007, 12:55 PM #22
Soontobeomen
 
 
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Quote:
Originally Posted by Drex17 View Post
"Iraq has plenty of oil reserves but an unstable political situation and an unexistent economy makes any form of investment unlikely. Renewed interest in the Dinar has been brought about by scams online promising returns over 1000%. However given that there is no foreign market for the Dinar, it is unlikely that one will be able to profit in the short term."


If I were to invest in another country, it would be one that is growing economically very rapidly, and will continue to do so with almost zero chances of the " **** hitting the fan".

China.
however.. a country growing at 10+% a year is just asking for hyperinflation

luckily, china is being smart and raising the interest rates (great monetary policy) so inflation wont go through the roof.
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Old 08-09-2007, 01:58 AM #23
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Whats the projected value of 1 Dinar VS 1 USD in say....5 years?
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Old 08-09-2007, 08:31 AM #24
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Quote:
Originally Posted by Soontobeomen View Post
however.. a country growing at 10+% a year is just asking for hyperinflation

luckily, china is being smart and raising the interest rates (great monetary policy) so inflation wont go through the roof.
China is artificially devaluing the Yen in order to keep their trade surplus so high.
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Old 08-12-2007, 02:42 PM #25
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Quote:
Originally Posted by sKum View Post
Whats the projected value of 1 Dinar VS 1 USD in say....5 years?
Way too many ways of looking at it and way too many variables controling this.
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Old 08-23-2007, 06:59 PM #26
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Quote:
Originally Posted by Drex17 View Post
"Iraq has plenty of oil reserves but an unstable political situation and an unexistent economy makes any form of investment unlikely. Renewed interest in the Dinar has been brought about by scams online promising returns over 1000%. However given that there is no foreign market for the Dinar, it is unlikely that one will be able to profit in the short term."


If I were to invest in another country, it would be one that is growing economically very rapidly, and will continue to do so with almost zero chances of the " **** hitting the fan".

China.
Why? Because they print all the money they want? Good luck with that one.
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