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ixic

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About ixic

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    SSF,CA

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  1. This guy at Chase doesn't know much or is lying. I bought some of my dinar years ago, from a bank...Chase Bank.
  2. Awesome post NY Kevin. Agree completely, especially about only paying attention to 2 main people: Adam & Breitling. Only 2 guys in the community who give you honest straight forward, no-bs info or hype. I've even met Breitling at one of his events. Good guy, brutally honest.
  3. Gold Is A Currency, Even the Fed Thinks So - Tocqueville’s Hathaway Sep 29, 2017 Guest(s): John Hathaway Senior Managing Director, Tocqueville Asset Management (Originally Aired Sept. 19) - Gold’s role in the monetary system should not be questioned, this according to Tocqueville’s John Hathaway, who says even central bankers view it as a currency. ‘You see central banks accumulation, they bought more gold in the last couple of years than they bought U.S. treasuries so they think it's money,’ he told Kitco News at the Precious Metals Summit in Beaver Creek, Colorado. ‘They use it as a reserve because it is a reserve asset.’ Hathaway has been a vocal critic of the Federal Reserve, noting that he doesn’t expect much from the U.S. central bank’s latest meeting. ‘There's all this drama about shrinking the Fed balance sheet. At the end of the day, they're not going to do anything,’ he said. ‘They've put themselves into a corner they can't get out of and if they try, they'll destabilize the equity market.’ -Kitco News.
  4. ixic

    NEW LOOK for CBI Website!

    So...back to original topic...waiting for the new CBI site to show it's new exchange rates.
  5. I'd exchange @ .05, only if we were forced to, i.e.: notes being retired. .10 is my rate to exchange some, .20 I'm all out.
  6. ixic

    Plans if......

    @ 10 cents, 30% of my IQD, wait for it to rise. @ 20 cents, all of it. I'm not that greedy. Get gold. Buy it, pan it, mine it, hold it.
  7. ixic

    Gold Spike

    It was a great day for us who trade Gold Futures.
  8. 6 usd to 1 iqd Unlikely. 6 iqd to 1 usd? Likely. That would be about 16.6 cents. I'd believe that. Not this.
  9. Gold Ready For $200 Jump In 2017 – Bank Of America CNBC reported that Bank of America is forecasting a significant jump in gold prices by the end of this year. “Gold is poised to make a big jump by the end of the year, at least according to Bank of America. The corporate and banking division says it expects the price to rise by around $200. That would put the price of gold at $1400 by December… Analysts at Bank of America/Merrill Lynch state that even though the commodity has been under pressure as a run up to the next Federal Reserve bank hike, there were reasons for optimism… Inflation and other uncertainties like elections in Europe tend to prop up the yellow metal. The bottom line: Bank of America says to bank on gold.” (“Bank of America says to bank on gold,” CNBC, 3/9/17.)
  10. Gold Highly Relevant In Strategic Portfolio - WGC The World Gold Council published its Outlook 2017 which identifies six significant trends that will support gold in 2017. “In 2016, investors around the world returned in large numbers to the gold market, as a combination of macroeconomic drivers and pent up demand kept interest in gold high. As we start the new year, there are some concerns that US dollar strength may limit gold’s appeal. We believe that, on the contrary, not only will gold remain highly relevant as a strategic portfolio component, but also six major trends will support demand for gold throughout 2017… “Using the economic perspective from our guest economists as a backdrop, we believe there are six major trends in the global economy that will support gold demand and influence its performance this year: 1. Heightened political and geopolitical risks 2. Currency depreciation 3. Rising inflation expectations 4. Inflated stock market valuations 5. Long-term Asian growth 6. Opening of new markets… “Gold is especially effective as a safe have during times of systemic crisis, when investors tend to withdraw from risk assets. As they pull back, gold’s correlation to stocks becomes progressively more negative and its price tends to increase. Gold historically performs better than other high-quality liquid assets during periods of crisis and that makes it an excellent liquidity provider of last resort… “[O]ver the past century, gold has vastly outperformed all major currencies as a means of exchange … This difference between gold and fiat currencies can drive gold investment demand as investors seek to preserve capital from depreciating currencies… But gold’s relative steadfastness can also support central bank demand. To that end, central banks continue to acquire gold as a means of diversifying their foreign reserves and we expect them to continue to do so in 2017… “Gold is becoming more mainstream… We expect this trend to continue and expand into Western markets, where pension funds have had to rethink asset allocation strategies following prolonged exposure to low (and even negative) interest rates. In our view, this will result in structurally higher demand….” (Outlook 2017: Global economic trends and their impact on gold,” WGC, 1/17.)
  11. CBI Auctions still going. The buy/sell rate moved 2 dinars. Now 1184/1182. Announcement No. (3353) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 5/1/2017 and the results were as follows: DETAILS NOTES Number of banks 33 Number of remittance companies 17 Amount sold at auction price (US$) 158,915,838 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 158,915,838 Total offers for selling (US$) ----- Exchange rates from (06/04/2015) till the last date Exchange rates from the beginning of the auction until (19/2/2015) Australian Dollar AUD 856.506 856.077 Gold of 24 carat Gold 1,362,784.000 1,360,482.000 CURRENCY CODE SELL BUY US dollar USD 1184.000 1182.000 Euro EUR 1229.584 1228.969 British pound GBP 1455.018 1454.290 Canadian dollar CAD 881.083 880.643 Swiss franc CHF 1150.073 1149.498 Swedish krona SEK 129.489 129.425 Norwegian krone NOK 136.601 136.532 Danish krone DKK 165.398 165.315 Japanese yen JPY ----- ----- Special Drawing Rights SDR 1582.534 1581.743 Indicative rates - 04.01.2017
  12. Awesome SoCal. Wish I lived closer, and it wasn't the holidays. Would love to join you on a trip. Best of luck on your next hunt.
  13. The sign on the tomatoes read 990 iqd...at today's value thats about $.83 cents. Doesn't look like anything has changed in value, yet.
  14. LaidBack quoted what I had posted yesterday on the auctions having gold prices listed. I had never noticed/seen it before on the CBI page, which is why I brought it over. Maybe the gold prices are for the gold coins they'll be introducing? Hopefully. But also could be just a general listing to let people know the actual market rate for dinar/gold ratio.
  15. Currency Auctions Announcement No. (3305) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 26/10/2016 and the results were as follows: DETAILS NOTES Number of banks 32 Number of remittance companies 15 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 147,280,305 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 147,280,305 Total offers for selling (US$) ----- Also noticed Gold prices on daily exchange chart. Anyone seen that before? Australian Dollar AUD 0 0 24carat gold ounce gold 1500430.800 1497892.000 CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000 Euro EUR 1285.070 1284.428 British pound GBP 1445.941 1445.218 Canadian dollar CAD ----- ----- Swiss franc CHF ----- ----- Swedish krona SEK ----- ----- Norwegian krone NOK ----- ----- Danish krone DKK ----- ----- Japanese yen JPY 11.315 11.310 Special Drawing Rights SDR 1621.940 1621.129 Indicative rates - 26.10.2016
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