Yogi-Donnie

Why is that? What are your thoughts on the subject? I understand this doesn't "fit" Iraqs situation, but it is a currency that has revalued at "returns that seem otherworldly". We do indeed have a currency that has revalued at 3000%+. We do indeed have a currency that has made people millionaires form a small investment. The idea isn't to say "this is what will happen with the Dinar or Iraq", but to show the naysayers that it is possible and has indeed happened before.

bump

For those that say the Dinar cannot revalue high, here is an interesting article and a non forex currency that has. http://finance.yahoo.com/banking-budgeting/article/112907/bitcoin-triples-again-smartmoney This online currency went from almost worthless to $30 a unit, making millionaires out of early adopters. This could be used as proof against the argument that the Dinar couldn't revalue this high. Here is a non-Forex currency that has done what we all hope the Dinar will do. Here is the article The Bitcoin Triples Again by Jack Hough Friday, June 10, 2011 provided by The online currency has minted off-line millionaires. But for how long? The world's fastest-gaining currency has tripled in price again. Last week, SmartMoney reported that the Bitcoin had exploded from an exchange rate near zero to more than $10 in about a year, making it one of the top-returning assets of any kind. On Wednesday the currency topped $30. If returns like those seem otherworldly, perhaps its because Bitcoin is a world unto itself. To recap, it's is a purely online currency with no intrinsic value; its worth is based solely on the willingness of holders and merchants to accept it in trade. In that respect, it's not so different from fiat currencies like the dollar or Euro, but whereas governments back such money, Bitcoins lack central control. In another way, the appeal of the Bitcoin echoes the appeal of gold. Instead of a central bank, a computer algorithm dictates their supply. Today there are six million Bitcoins, a number that will grow at a steadily slowing rate until it approaches 21 million, but no more. As with gold, some see such limited supply as built-in protection against inflation that could result from runaway government budget deficits. Gold, of course, has been a store of value for thousands of years and has at least some industrial use, whereas Bitcoins are brand new and exist only on the Internet. For some early adopters, Bitcoins have turned from a hobby into a windfall. MtGox.com, the main exchange for users swapping Bitcoins for dollars and other currencies, charges buyers and sellers a fee of 0.65% for its brokerage service. (The name stands for Magic the Gathering Online Exchange, but the Bitcoin dabbler who bought the domain didn't bother to change it.) As recently as a few months ago, the site generated just pennies a day in income. By Wednesday it was making more than $40,000 a day. Mt. Gox, needless to say, is not a regulated exchange, so its pricing and liquidity data aren't subject to any review or verification. Mt. Gox didn't respond to an email request for comment. The site offers no customer service phone number. The largest Bitcoin account holder -- who is, of course, anonymous -- has 297,000 units of the start-up currency, according to Donald Norman, a spokesman for the The Bitcoin Consultancy, which offers advisory services for institutions interested in Bitcoin transactions. At $31 per Bitcoin, that's equivalent to $9.2 million. Bitcoins are accepted by a limited number of merchants for services, such as website design, and some goods, such as music and clothes. The anonymous nature of the currency has also led to brazen use by drug dealers, including ones who hawk their merchandise on Silk Road, a website than can only be reached through a network that cloaks the identity of its owner. Lawmakers are not amused. "The only method of payment for these illegal purchases is an untraceable peer-to-peer currency known as Bitcoins," wrote Sens. Charles Schumer of New York and Joe Manchin of West Virginia this week in a letter to the U.S. Attorney General and the Drug Enforcement Agency. Cash, Bitcoin advocates are quick to point out, is also an anonymous payment system used to buy drugs, and Norman says the focus on drugs is sensationalistic and misguided. "It would be sad if the growth of Bitcoin was stunted because of this criminal byproduct," he says. "Bitcoin is going to change the world in the same way the Internet did and make societies freer." It's not clear that U.S. law enforcement agencies could regulate Bitcoins if they wanted to. The currency runs on software similar to the file-sharing software used to download music and movies, technology the entertainment industry has been trying unsuccessfully to quash for years. There's no headquarters, main server or central bank to visit, just a network of thousands of users. It's also not clear whether U.S. regulators would have jurisdiction over a global, virtual currency. Last week, a spokesman for the F.B.I. said he was unaware of Bitcoins and would check into the Bureau's position on them. Subsequent calls for comment have not been returned. Readers tempted to bet on the Bitcoin should resist, not least because it's unclear whether it will have any enduring worth. Beyond what fans say are the currency's design advantages, its chief appeal at the moment is surely that it's soaring in value. As of now, today is the first day in more than a week that the currency didn't hit a new high. And when the gains stall, the fall that follows may be as breathtaking as the rise.

Investment - the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value. Gamble - to stake or risk money, or anything of value, on the outcome of something involving chance: to gamble on a toss of the dice. You need to look up the definition of words before you throw them around like dirt. Gambling involves playing at a game of chance. We are not playing the ponies. We are speculating on the Dinar going up. Most of us did not invest in the Dinar without some research to back up why we invested. You cannot research a gamble, the odds are what they are. Bad attempt at trolling, bad troll, bad. Go back under your bridge.

HMMMM... I do? I think you have me confused with someone else. Sorry, don't know what article you are talking about and find me one post where I talk LOP. You got the wrong guy.

This is no more a scam than it is an investment. This little venture of ours is pure speculation. Yes you could lose everything, anyone buying Dinar should know that or they are buying Dinar with blinders on. A scam involves someone misleading you into investing in something with false promises of a profit. I bought my Dinar knowing I could lose, therfore I was not scammed. I took a chance and speculated the Dinar would rise. I hate that word scammed.

Good advice.

This doesn't pass the smell test! http://www.youtube.com/watch?v=gM9-Nd210Ys

Here is to hoping it is a working holiday, slackers.

Has anyone heard of what came of this meeting yesterday?

Lets hope for the best.

I wish it where so, but outlook is bleak. Most "Americans" don't care about loosing freedom and don't even notice as their freedoms are taken away. The American Masses are concerned more with who won the Super Bowl and which celebrity **** is getting away with a crime this week. Plus our wonderful elected leaders just want to take care of them, the American Masses, from cradle to grave. Which deadbeat wouldn't want that? Cage most of the Masses and they will be happy your paying their way. BUT Im a pessimist, sorry. I hope I'm wrong, but outlook is bleak.

Well get to it, as soon as the Bat's back is broken. (try saying that three times fast!)

Ahh.. you got the referance. Your Star Wars-fu is strong, well played.

I hear that is not such a great idea. Watch this.