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Old 08-05-2007, 11:20 PM #1
benoit
 
 
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Iraqi Dinar Investment

so what is everyones opinion about the new Iraqi Dinar and all the world wide investors?

personaly i bought 2 million dinar for a little over 2000 USD and im watching the forex trend everyday and i see the dinar go up slightly every day. not much, not much at all in a day, but enough so after a few months, your 2000 bucks turns into 2050 bucks and after a few years it turns into 3000 USD. and i hope once the US pulls out it and iraq rebuilds its economy, it will go from a few thousand USD worth to some ten thousand USD worth (in many years, maybe 30 years)

whats all your opinions on this?
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Old 08-06-2007, 01:09 AM #2
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I'm actually doing the same thing. Its basically like physical stocks. Your sir are a smart one.
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Old 08-06-2007, 01:40 AM #3
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Seems a bit too risky for me. While there is an opportunity for HUGE returns if their economy takes off, what happens if the country plunges into a real civil war and the economy collapses entirely? The people there are ready for a civil war as well, keep in mind they are varying groups that were forced to be part of a country together that hate eachother.
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Old 08-06-2007, 02:23 AM #4
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its a relatively small investment (less than 10k) with realistic potetential for high yield (100's of thousands if it takes off) so the risks out weight the downsides when you compare this to other options like stocks and bonds.
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Old 08-06-2007, 09:17 AM #5
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where do you go to find out more on this....?
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Old 08-06-2007, 10:07 AM #6
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Where can you buy these?
Money Exchange?
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Old 08-06-2007, 10:57 AM #7
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I would say its a stupid gamble, not an investment. Nobody knows the future of iraq, not middle east specialists, not economists, not forex traders. Depending on politics, we could be pulling out of iraq and leaving it a quagmire of civil war. Or we could be staying, which encourages foreign terrorist groups to come there and cause mayhem, which also hurts the economy.

Plus, a real investor would at least put the dinar to some sort of use. What is the interest rate on CDs in Iraq? I feel like a lot of morons are buying overpriced dinar from internet currency scams, and are just holding the dinar and not investing or banking it.
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Old 08-06-2007, 03:44 PM #8
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i was actually looking into investing in some Iraqi companies for awhile. I decided against it since you had to go through a local Iraqi bank and if they went under, so did your assets. I thought I would try to help those who are trying to help their country.
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Old 08-06-2007, 05:06 PM #9
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you can buy iraqi dinar for about 900 usd per million dinar through (trusted) online dealers or you can get it near the real rate of about 810 USD per million dinar through a forex dealer (sorta like a currency stock broker)

you cant get it through money exchange bussinesses or banks yet because its too new (only a year young) but in a year or two, wehn western banks accept this as tender, reselling your dinar will be bringing in money like crazy
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Old 08-06-2007, 08:56 PM #10
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my dad was working in Iraq, and he bought a little over, four Million Iraqi dinar. If there economy ever shapes up and goes to 3-1 like Kuwait hed be rich. He got a really good deal on his dinar though.
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Old 08-06-2007, 09:51 PM #11
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Has anyone thought about ways to hedge an investment like this?

Are there futures on the Dinar?
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Old 08-06-2007, 11:06 PM #12
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well.. if you want your money to grow.. Iraq needs to find a way to move their AD curve to the right.. in other words, they need to start manufacturing, exporting, and importing more things


EDIT... Charts!!! AP Macroecon FTW

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Old 08-07-2007, 12:22 AM #13
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There are more stable countries with far more reliable growth rates.
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Old 08-07-2007, 12:50 AM #14
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okay, thats not my point.

if your looking for stability, by all means invest in the euro and watch it surpass the sterling.... in 40 years.

but investing in the dinar today will not only give you long term results from the stabilization of iraq, but also short term (3-5 years from now) results from the reconstruction boom.
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Old 08-07-2007, 01:12 AM #15
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Quote:
Originally Posted by benoit View Post
okay, thats not my point.

if your looking for stability, by all means invest in the euro and watch it surpass the sterling.... in 40 years.

but investing in the dinar today will not only give you long term results from the stabilization of iraq, but also short term (3-5 years from now) results from the reconstruction boom.
I'm not talking about the Euro either, I'm saying there are other developing nations whose development is more likely to occur than Iraq's.

Investment in the Dinar will not necessarily give you anything. The Iraqi government could very well collapse and leave you with nothing.
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Old 08-07-2007, 07:18 AM #16
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Quote:
Originally Posted by Adema3412 View Post
I'm not talking about the Euro either, I'm saying there are other developing nations whose development is more likely to occur than Iraq's.

Investment in the Dinar will not necessarily give you anything. The Iraqi government could very well collapse and leave you with nothing.
this is investing...its always a gamble
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Old 08-07-2007, 05:28 PM #17
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this is investing...its always a gamble
truth
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Old 08-07-2007, 11:35 PM #18
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Quote:
Originally Posted by Triggerfinger23 View Post
this is investing...its always a gamble
Could not be farther from the truth. Trading can be gambling. If you are investing properly it is so far off from gambling.

Thanks to diversification models you can basically eliminate single asset risk factors.

Investing does not = Trading.
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Old 08-07-2007, 11:39 PM #19
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Quote:
Originally Posted by benoit View Post
okay, but investing in the dinar today will not only give you long term results from the stabilization of iraq, but also short term (3-5 years from now) results from the reconstruction boom.
So you are going to tell me that I can confidently invest in a country that has just been reformed. Is under military guard from another country. Is in the most unstable region in the world, and the country that is holding everything together wants to pull out?

This is a clear example of the terrible ideas that are posted on this board. Someone saying the dinar offers a long term invest opportunity??? Cmon man, wake up!

While this could be a speculative play, to categorize this as a sure fire investment is ludicrous....
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Old 08-07-2007, 11:58 PM #20
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"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.
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Old 08-08-2007, 12:02 AM #21
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Quote:
Originally Posted by Triggerfinger23 View Post
this is investing...its always a gamble
And there are things called bad investments.
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