mikeluke

I think everyone -- who is not kidding themselves -- knows there is a chance our investments will be lost. I hope nobody is investing the "farm" on the IQD. I think we have a better chance of making money on the Dinar than investing an equal amount of money on lottery tickets. But the bottom line is this: if Iraq can screw us out of our money then they will. They didn't mind stealing the wealth from their own people.

Can anyone tell me what the long term (investment held more than 12 months) capitol gains tax would be if the Dinar RV's in the tax year 2010? I know the short term tax is approx 41%, depending on your other imcome(s). But I do not find the long term capitol gain rate(s). Thank you.

Yes--It is not only possibe, but very probable. The IQD will probably be released at $1170 IQD / $1 USD as an open tradeable currency; this if how all free tradable currencys are valued and traded. The worlds free markets (posted by FOREX) will then determine what the IQD is worth. Just like stocks on the free market. The fear in Iraq is that the IQD will tank, much like the Iranian money, but the major money brokers feel it will go in our favor very quickly. Within an hour to a week at the most, the big dogs feel it will go to about 1 IQD= $.005 USD to as high as $.17 UASD. A half a cent to seventeen cents is a pretty sustainable level for Iraq. There is almost no way it will go above .24 USD for many reasons, the biggest being factors in Saudi Arabia. The major money people are wrong every now and then (a few times a century), but this has been too studied. They will not miss this time. Don't give me the Kuwait crap. Short answer to your question: a countrys currency is= (GNP) / (currency in circulation). This is fairly easy to calculate without much error. Best guess after the IQD is free floating is the IQD will come to rest at a value of $1 IQD= $.12 USD (12 cents).