Jump to content


Better to buy Dinar or Dong?

  • This topic is locked This topic is locked
10 replies to this topic

#1 iqdheadlines


    Senior Member

  • Members
  • 307 posts
  • LocationSydney Australia

Posted 16 October 2011 - 03:08 AM

Is better to purchase the Iraqi Dinar or the Vietnamese Dong?

For example: Let's say that the Iraqi Dinar revalued at $3.00+ and the Vietnamese Dong revalued at $0.05+ and you bought a million of each.

Iraqi Dinar: 1,000,000 x $3.00 = $$3,000,000.

Vietnamese Dong: 10,000,000 x $0.05 = $500,000.00

The above example is without a re-domination taking place and you can roughly purchase 10 million Dong for the same price of purchasing 1 million Dinar.

So with the above figures and taking into mind that the Dinar is obviously of much higher value than the Dong, will mean that purchasing any amount of Dong is a waste of time and money as you would be getting a way larger return on investing in the Dinar in any amount.:)
  • 0

#2 haymon


    Senior Member

  • Platinum VIP
  • 1,256 posts
  • LocationPeach state

Posted 16 October 2011 - 05:09 AM

I like the math!! Both are speculation of course. might as well have BOTH!
  • 1
A remark generally hurts in proportion to its truth. Will Rogers

I didn't know waiting took so long.

#3 Captjohn


    Registered and Approved!

  • Members
  • 1,614 posts

Posted 16 October 2011 - 05:51 AM

Also to consider, as many believe, the Dong is tied economically to the Yuan. If the Chinese continue to stubbornly keep the Yuan at unrealistically low levels, that could keep the Dong from appreciating as well. The IQD, IMO, with it's asset backing of gold and oil, is a much better and more immediate bet.....and the numbers are better.
  • 0

#4 TonyDownTheShore


    Senior Member

  • Members
  • 3,452 posts
  • LocationDownTheShores of NJ

Posted 16 October 2011 - 06:18 AM

I like the math!! Both are speculation of course. might as well have BOTH!

I agree.
  • 0

#5 Canuklady


    Senior Member

  • Members
  • 808 posts

Posted 16 October 2011 - 06:36 AM

I like the math!! Both are speculation of course. might as well have BOTH!

Very logical. And plus one to you for your quote about waiting. So true.
  • 0

#6 cashman54


    Senior Member

  • Platinum VIP
  • 461 posts

Posted 18 October 2011 - 02:25 AM

Why didn't anyone tell me Iraq has gold? Where have I been?!?! WOOHOO
  • 0

#7 MITCH10


    Senior Member

  • Platinum VIP
  • 503 posts
  • Locationsouth/central Alabama, Louisianna

Posted 18 October 2011 - 02:36 AM

I bought 20 million VND for the same price as 1 mil IQD. Bought from Whitney bank.
  • 0
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, body thoroughly used up, totally worn out, and screaming, "WOO HOO, what a ride!"

#8 Bank Guy

Bank Guy

    Advanced Member

  • Members
  • PipPipPip
  • 75 posts

Posted 18 October 2011 - 09:19 AM

But if the dinar RV's at .05 and the Dong at .05 then the sun will be on the west side of the barn and....wait...what was My point again? :lol:
  • 0

#9 oneremedy


    Super Member

  • Banned
  • 605 posts
  • LocationWisconsin

Posted 18 October 2011 - 09:37 AM

This is why I have a million of each. Hoping one of them does something soon.
  • 0

#10 jaman


    Senior Member

  • Members
  • 956 posts
  • Locationminnesota-GODS country

Posted 19 October 2011 - 09:21 AM

This is why I have a million of each. Hoping one of them does something soon.

I've have about 3,400000 dong and 1.400000 dinar and some other Asian money trying to cover all angels go RV
  • 0

#11 The Jonald

The Jonald

    Senior Member

  • Members
  • 209 posts

Posted 19 October 2011 - 09:34 AM

if the dong was close, which i dont think it is, we would be hearing a lot more coming out of vietnam, maybe.. however, i think the dinar is ready to pop. at that time it would be wise to buy heavily in dong, i know i am. i see the dong as a good investment for my kids as i think it may be that long before something significant happens with the dong. as cheap as it is you could steadily buy into the dong and have a crapload by the time it hits.
  • 0

0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

  • Privacy Policy