19 replies to this topic

[SWFloridaGuy]

11-17-12 IQD: Reuters reported that thousands of people in the United States still expect a surge in Iraqi dinar and who was described as one of the largest investment opportunities in the world. He says one of speculators in Las Vegas that "the escalation of the Iraqi currency does not need to question, but Iraq when will restore raise the value of its currency, it will be the Iraqi dinar in the end a great value probably would be the highest in the world so that the dinar if rose a penny will be valuable profit 900 percent."

The report says that some speculators expect a rise in the value of the dinar against the U.S. dollar to become the Iraqi dinar equal to between 1 to 3 dollars, which represents gains ranging from 116500% to 349,700%. As pointed out by one dinar dealers in the United States that he sold $ 577 million worth of Iraqi dinars to its customers in 2011, "he said, adding that his customers in the United States" were from parents, teachers, police officers and construction workers. http://www.albaghdad...-3-DNkAEAb.html

[caz1104]

11-17-12 IQD: Reuters reported that thousands of people in the United States still expect a surge in Iraqi dinar and who was described as one of the largest investment opportunities in the world. He says one of speculators in Las Vegas that "the escalation of the Iraqi currency does not need to question, but Iraq when will restore raise the value of its currency, it will be the Iraqi dinar in the end a great value probably would be the highest in the world so that the dinar if rose a penny will be valuable profit 900 percent."

The report says that some speculators expect a rise in the value of the dinar against the U.S. dollar to become the Iraqi dinar equal to between 1 to 3 dollars, which represents gains ranging from 116500% to 349,700%. As pointed out by one dinar dealers in the United States that he sold $ 577 million worth of Iraqi dinars to its customers in 2011, "he said, adding that his customers in the United States" were from parents, teachers, police officers and construction workers. http://www.albaghdad...-3-DNkAEAb.html

Ahhhh speculation. Thanks for the post-peace

[jobug38]

the beginning of four more years of complaining.

Now we know how much Ali made last year!!

[dontlop]

..iraq is a war torn mess ..i wish this was nice and quiet .. not broad cast through out the world

Edited by dontlop, 17 November 2012 - 09:35 AM.

[SocalDinar]

GM and thanks SWFG

Hint at what many believe?? if rose a penny will be valuable profit 900 percent How many would exchange a few if we saw a penny.. I would most likely take my original bet off the table and let the rest ride.

[SWFloridaGuy]

GM and thanks SWFG

Hint at what many believe?? if rose a penny will be valuable profit 900 percent How many would exchange a few if we saw a penny.. I would most likely take my original bet off the table and let the rest ride.

Hey there good mornin to ya. Yeah I think we would all be on cloud 9 if we saw any positive movement whatsoever with the rate at this point.

[SocalDinar]

I'm with you 110 % on that SWFG. Shabs manipulation Charges were not based on manipulating the IQD value up thats for sure!

[TonyDownTheShore]

Thanks for the post SWFG

[RodandStaff]

Yes we can speculate till the cows come home... Adam thinks 10 cents is reasonable... some have stated that the ego's of the Iraq's will not rest until they are on par with their former purchasing power... when will we know???.... stay tuned... same bat time... same bat channel... Adam's text will come down the pike asap following an RV and then we will all know how good our investment was!!! Come on boyz... "git-r-dun"!!!


Oh... looks who's coming home!!!


Thanks for the post SWFloridaGuy!!!

[Retiredofficer]

I like playing golf. I would love to play more golf. Matter of fact...I would like to play golf everyday. Thus, 10 cents is fine by me. A penny keeps me interested. 10 cents has me calling the Country Club of Charleston(oldest golf course in country) asking for initiation fee & monthly dues.
R.O.

[uncirculd]

[RodandStaff]

...Indeed!!!!

[yota691]

Here another one Thanks SWFG
US investors go on dinar buying spree [TradeArabia]
Al Bawaba Ltd.
The US stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn't lost his taste for risk. Lately he has turned to one of the chanciest investments in the world - the Iraqi dinar. "It's not a question of if, but when Iraq revalues its currency," said the Las Vegas-based Scarpa, who keeps dinars in his retirement account. "The dinar will eventually have substantial value, possibly the highest in the world." He's not alone in risking his money on an investment that can charitably be described as a long-term turnaround project that will pay off only for the extremely patient. Thousands like Scarpa in America are buying the dinar, hoping someday the war-torn nation can revalue a currency worth just a fraction of a penny. The fundamentals for buying the dinar are precarious. The US invaded the country in 2003 and has only recently removed most of its troops. The country's political situation remains unstable, and destabilization in the Middle East - most recently with rockets fired between Israel and the Gaza Strip - could undermine the fledgling republic further. US retail investors' interest in Iraq's currency is part of a broad push for investment opportunities that will give some yield. Most of them cite near-zero interest on their US savings and certificates of deposits as a reason for buying dinars and other exotic currencies. The dinar, worth just a tenth of one US cent, is experiencing additional downward pressure as a result of international economic sanctions imposed on neighboring Iran and Syria. Also, buying the dinar is a task in and of itself. The currency is only traded in Iraq, so it can only be purchased by US customers through a handful of dealers around the US who get their dinars from Iraqi banks. If a customer wants to sell his dinars, the dealer will only buy it back at a 30 per cent discount - so no quick trades here. But Scarpa said he is prepared to wait. The country has the second-largest oil reserves in the Middle East and exports 3.4 million barrels of oil per day, making it one of the world's largest oil producers. "If the dinar rises to just even a penny, you would have realized a profit of 900 per cent," Scarpa said. In the last four years, the dinar has barely moved. Since 2008, it has appreciated by just 5 per cent against the dollar, and at a tenth of a penny, the Iraqi dinar is the weakest currency among oil-producing Arab nations. The Kuwaiti dinar is worth about $3.50, while Saudi Arabia's riyal is equivalent to roughly 26 US cents. The old dinar was worth $3.20 before the United Nations embargo that followed Iraq's invasion of Kuwait in 1990. By August 2002, the dinar had plummeted to a fraction of a penny. Speculators are betting that given Iraq's potential as an oil-driven economy, the dinar could rise to a value of $1 to $3. "I looked at the risks and I decided that this is not going to bankrupt me," said 35-year-old Ryan Williams, a former sheriff in Bakersfield, California. "You invest a couple of hundreds or a couple of thousands of dollars and even if it just appreciated by 10 to 15 percent a year, that's still a lot better than investing in certificates of deposits here." The Iraqi central bank sells dollars daily at a fixed price of 1,166 dinars through two state-run financial institutions and some private lenders Those institutions set the market rate through sales to customers. The current market rate is 1,215 dinars to one US dollar. Hassnain Ali Agha, founder of Las Vegas-based currency dealer Dinar Trade, is the biggest US market-maker in Iraq's currency. He also sells other exotic currencies such as Afghanistan's afghani and the Libyan pound. The US is a huge market for Agha's firm, which has nearly 900,000 customers, 90 per cent of which have purchased dinars. His customers are US mom-and-pop investors - teachers, police officers, and construction workers. He also sold dinars to many US soldiers coming back from Iraq. Agha, who formerly traded at the Chicago Mercantile Exchange and New York Futures Exchange, himself holds more than $2 million in dinars, he said. In 2011, Agha said, his firm sold about $577 million in dinars to US customers, most of whom hold dinars for investment purposes. "People in the US really feel that Iraq is the next frontier market to make money on," said Agha. "There will come a time when the Iraqi government will have to adjust the dinar exchange rate given the country's oil exports. That will start fueling the fire." Agha sells dinars in 1 million lots for $1,120. For the US investor, however, it has to be a long-term holding. Dinar Trade will buy Iraqi notes at $850 per million, so the dinar would have to appreciate by about 30 percent before an investor could sell and break even. In Iraq, prices are quoted both in dinars and dollars, but many prefer the greenback, locals interviewed by Reuters said. Saja Majeed, a 30-year-old civil servant in Baghdad and a mother of two, said she carries dollars in her wallet because it is safer and she sees little opportunity for the dinar to rise. "There is no industry in Iraq except oil. The dinar is linked to oil, but oil will run out one day," Majeed said. Revaluation will only happen once the Iraqi government stabilizes. Iraq's central bank hopes to make one dinar equal to $1 at some point through redenomination and central bank-induced appreciation. Iraq's deputy central bank governor Mudher Kasim told Reuters that process could take three years. America investors are remaining patient. "The big question is: where do you put your money in the US? You can't get any interest in your money. Banks give you almost nothing on deposits," said Donna Simko, a real estate agent in her mid-sixties in Riverside, California. "The gold rush into Iraq is just getting started," he added.-Reuters http://www.equities....6364&cat=energy

[RodandStaff]

"The big question is: where do you put your money in the US? You can't get any interest in your money. Banks give you almost nothing on deposits," said Donna Simko, a real estate agent in her mid-sixties in Riverside, California. "The gold rush into Iraq is just getting started," he added.-Reuters http://www.equities....6364&cat=energy

I was just explaining to the Mrs. last night... say it RV's at only 10 cents... where else can you invest let's say $500.00 (to purchase 500,000 Dinar at it's current rate) and have it make a return of $50,000 (or a profit of $49,500)??? Sure there is a "risk".. but how much of a risk is there really? If you hold onto that 1/2 Million Dinar and later decide to cash it in because you don't want to wait this game out... you may lose 30% of your investment... and get $350.00 back (for a loss of $150.00). The bottom line for me is this.... are you willing to "risk" $150.00 to possibly make $49,500... or even the possiblity of even a whole lot more??? Where else are you going to get that kind of return right now??? To me, imo ... that's a no brainier .. as long as I'm not using rent and food money to do it!!!

Thanks for the post Yota!!!

[leanonme]

Rodandstaff you are exactly right. The risk versus reward is astronomical. It is a no brainer for me too! +1 from me.

[cajunrescuemedic]

I was just explaining to the Mrs. last night... say it RV's at only 10 cents... where else can you invest let's say $500.00 (to purchase 500,000 Dinar at it's current rate) and have it make a return of $50,000 (or a profit of $49,500)??? Sure there is a "risk".. but how much of a risk is there really? If you hold onto that 1/2 Million Dinar and later decide to cash it in because you don't want to wait this game out... you may lose 30% of your investment... and get $350.00 back (for a loss of $150.00). The bottom line for me is this.... are you willing to "risk" $150.00 to possibly make $49,500... or even the possiblity of even a whole lot more??? Where else are you going to get that kind of return right now??? To me, imo ... that's a no brainier .. as long as I'm not using rent and food money to do it!!!

Thanks for the post Yota!!!

I also agree. I started buying into this investment 9 years ago. I don't regret the money I've spent so far in my investment. Just been patiently waiting. I would just be interested to know once it does RV, what would be the time window in the cash in period. Cashing in a little then sitting on the rest until it increases in value is something that has been on my mind for a long time. We shall see. GO RV !!!

[RodandStaff]

I also agree. I started buying into this investment 9 years ago. I don't regret the money I've spent so far in my investment. Just been patiently waiting. I would just be interested to know once it does RV, what would be the time window in the cash in period. Cashing in a little then sitting on the rest until it increases in value is something that has been on my mind for a long time. We shall see. GO RV !!!

Your what I call "an Old Timer" in this investment... and I think you should get metals or trophy's or something for having the patience and fortitude to stick it out for that long... thanks for hanging around this site. There aren't too many of the long term investors that still check in very often .. so if this thing is a real healthy RV and we do get to pull off a Vegas gathering or something like that... I would seriously like to honor those who have stuck with this that long... for real... because it gives us all a little more faith to hang in there until it does happen!

[skitealwedrop]

Hey SWFG, where's the link to the Reuter's report that your referring to. It isn't contained in your post.

[Rayzur]

Uhmmmm am I like the only person who noticed that the Ruter's article talks about someone who is a member of DV (Ron Scarpa)? Or are we just being polite and not noticing... for reasons I don't understand.... which is not unusual.... I always seem to miss the memo's re: what's going on...
Red had also posted this (but was double post so he asked it be locked)... and his post from Ruters also talks about Ron Scarpa...

[start] "They're buying what? U.S. investors latch onto Iraqi dinar
By Gertrude Chavez-Dreyfuss | Reuters – 15 hrs ago...
NEW YORK (Reuters) - The U.S. stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn't lost his taste for risk. Lately he has turned to one of the chanciest investments in the world - the Iraqi dinar."

"It's not a question of if, but when Iraq revalues its currency," said the Las Vegas-based Scarpa, who keeps dinars in his retirement account. "The dinar will eventually have substantial value, possibly the highest in the world." [End]


Read more: http://dinarvets.com.../#ixzz2CkZsTCmE


So... is this our Ron Scarpa? from here in DV.... Curious minds want to know (and someone just kick me under the table if I am not supposed to ask... /> )

[jeepguy]

this is the 3-rd time i have seen this article ,, and have been thinking ,,, with the arab region going up in arms, and the articles about the dinar everywhere,, this is what the iraqi`s need to get apprecation for the dinar ,,, if they can get the dollar off the streets in iraq and the rate moving to the possitive side ,, this will move very quickly,,, i referred this investment to a couple buddies at work two years ago, they laughed at me and said gooood luck with that ,,, and now they have inquired three times since how is it doing and wondered what i knew about it now can`t wait tooooo tell them your to late it already re-valued too 2 to 1