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THX IRQ

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Posts posted by THX IRQ

  1. its getting popular. ive never seen it mentioned in the news in this area until now.

    http://www.orlandosentinel.com/business/os-investors-chasing-returns-20110508,0,3617303.story

    By Richard Burnett, Orlando Sentinel

    6:53 p.m. EDT, May 8, 2011

    Jonathan Alper has gotten a spate of calls from people who tell him they plan to hit the jackpot with their next investment — in the Iraqi dinar.

    So certain are the would-be investors of the expected returns on their foreign-currency trades that they are afraid of being targeted by creditors or the Internal Revenue Service. So they call Alper, a Lake Mary lawyer and asset-protection specialist, hoping to shelter their anticipated bounty.

    "I've had nearly a half-dozen calls in the past year like that," Alper said recently. "… I hadn't heard anything about this Iraqi thing before. Most of the people I know who got hurt by speculative investments in recent years were trying to flip real estate. This is something entirely new to me."

    Financial experts say a lot of people are tempted these days to go after investments that, under normal circumstances, they would probably consider too risky — from suspect currency schemes to high-stakes trading in commodities such as oil, corn or cotton.

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    That's because they're looking for better returns on their savings. Interest rates on fixed-return investments such as savings accounts and certificates of deposit have been at record or near-record lows for nearly two years now. And the stock market's volatility has been a turnoff for longer than that.

    Meanwhile, the price of gold has rocketed to tempting, record highs. The price of silver nearly doubled in just the past six months— before plummeting last week as institutional investors fled the precious metal's speculative "bubble."

    "It is human nature to want to be part of a successful trend, and its very tempting to buy a hot investment — especially when the rest of portfolio is not performing well," said Charles Rotblut, a financial author and vice president of the American Association of Individual Investors in Chicago. "The danger is knowing when to get in and when to get out."

    Especially risky for the average investor is betting hard-earned money on something at the height of a price run-up that may have already run its course, as silver appeared to do last week and real estate did several years ago. Even gold prices declined last week, an indication that gold, too, may be losing steam.

    "A properly allocated, well-diversified portfolio that is managed over time is the best approach for these investors," said Roger Johnson, a financial planner with Certified Financial Group Inc. in Altamonte Springs. "My real fear is that these folks who are calling out for help will get answered instead by the sharks."

    Con artists have long pitched alternative investments in exploiting people's desire to get rich quick. Foreign currencies, precious metals and oil leases, for example, routinely rank among the top investment traps — far too risky for most individuals, according to government securities regulators.

    But even if they aren't dealing with a too-good-to-be-true scam, do-it-yourself investors, fed up with savings accounts paying less than 1 percent a year interest, can expose themselves to big losses if they get caught up in the market hype surrounding an otherwise legitimate investment, experts say.

    Much of the current interest in alternative investments, for example, is the result of nervousness over the declining value of the U.S. dollar, experts say, even though such fears have been fanned by alarmists on the Internet and elsewhere.

    "Unfortunately, this lack of faith in the future of our currency has created a new class of investors seeking almost anything that will create a possible return," said Johnson, the certified financial planner.

    Foreign currencies hold a particular fascination for some clients, said Cary Carbonaro, a certified financial planner with Stonegate Wealth Management in Clermont. They want to know about foreign-exchange accounts as well as currency-based exchange-traded funds and mutual funds, she said.

    "That is the flavor of the month I've seen," Carbonaro said. "Here's my advice: Currency trading is very speculative, and almost no financial planners recommend that individuals do it."

    There are realistic measures people can take to boost their investment returns and hedge their portfolios against inflation and the falling dollar, advisers say. Much of what you can or should do depends on your age, tolerance for risk, financial goals and investment horizon (the amount of time remaining until you retire or otherwise need to spend the money).

    For example, in a conventionally aggressive portfolio that is 90 percent stocks and 10 percent bonds or cash, investors could place maybe 10 percent of their "stock money" in mutual funds or exchange traded funds based on precious metals, oil or other commodities or foreign currencies.

    Other inflation-hedge alternatives include real-estate-investment trusts, international bonds and short-term bonds that can be converted to stock or cash should inflation kick in.

    But there are some caveats to putting money into historically higher-risk investments such as commodities, even when you are investing in professionally traded funds. First, beware of buying at the height of a speculative-price curve. Gold and oil, for example, are already at historic highs, so investing now may set you up for a fall when the markets break.

    "It is awfully late to get into metals, mining, energy and agricultural commodities now," said Susan Spraker, a certified financial planner and founder of Spraker Wealth Management in Maitland. "If people had bought a couple of years ago, they could have taken profits gradually, over time, to build up their portfolio in a rational way."

    Instead, too many people get caught up in the hype, jump in at the wrong times and lose money when the market suddenly "corrects" itself, she said.

    "That's the problem with the 'flavor of the month' approach," Spraker said. "Some people will buy a mutual fund or ETF when they see it on the cover of Money magazine, after it has already run up 60 percent. Then suddenly you have a cyclical shift in the market, that fund falls out of favor, the value drops, and you're stuck."

  2. yeah i saw his, mine was up first though. im very good at making sure i dont double post.

    PapaJack has been posting on the site zzz. EasyRider has this same post here in the Rumors Section under the title Easter Dinar Rumors, with a grouping of other posts. FYI

  3. amen! thats one of the reasons this stuck out to me. im not much of a rumor guy, been burned too many times with this.

    I do not know this person and do not know who he is affiliated with, but just to remind everyone .... the koolaid seems to be flowing fast and furious .. and when he mentions smoke screens I just have to wonder lol

    May he be RIGHT!!!!

  4. other thread got closed down.

    Nice rebuttal "bro"

    For the love of god(pun intended), I am not arguing with you over your religion, I was simply stating that its unnecessary to bring it to a currency investment forum, why can't your genetically inferior mind grasp this? were you conceived with a weak sperm or something?.

    Oh and I absolutely love you trying to insinuate that I have no life because I'm here on this forum reading information and rumors, JUST like you are. Sounds to me like your the pot calling the kettle black with some drool dribbling out of the side of your mouth.

    I'm not sorry that you don't agree with my sentiment that there should be a separate forum for these sort of posts. I am not alone in this opinion. I do however feel sorry for you that you can't see out of that little box your parents shat you into, but I guess I can't blame you for that.

    i think you forgot to sign into the correct account Slade. or should i say gotfetus lol fail

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  5. Yeah it has been a cruel time. After my son was murdered in Alaska nine months ago,I have yet to recover.Move along if you don't like what I have to say.Gooddnight from Kodiak.

    thats terrible about your son and im sincerely sorry that anyone has to go through that, but you should be the one to move along if you dont like what we have to say. you are the one who chimed in on the conversation, not vice versa.

  6. Why is it that the religious nuts can't just find a forum thats alllllllllllllllllllllllllllll about them? That way you guys could just sit in there and speak in tongue to each other all day, hate on everything that is remotely outside of whatever it is you believe in (and pushing that belief off on everyone else).... and everyone is happy...

    But of course you wouldn't do that....you had much rather post totally off topic craziness and then incite an argument...and then whine and moan that you are being ridiculed for your "beliefs"....same story different day... :rolleyes:

    I think everyone who reads these forums probably has ample access to a church (of course whatever church you chose would be WRONG to some group of "christians"...they just love to show how wrong everyone else is and how right they are :rolleyes: )...and I HIGHLY DOUBT anyone comes to a dinar forum in hopes of being witnessed to or catching the spirit of the Holy Ghost...so why don't we leave dinar forums to dinar?

    I know, I know...anyone who speaks the way I do is just some evil agent of the devil ....so maybe a couple of you can go burn some sage or dance around with a rattle snake or whatever it is you do to try to ward off what you call "evil"... which in reality is only people who do not think like you do :rolleyes:

    as CTS-VwithRV said...quit coming to the threads that straight up TELL YOU NOT TO COME IN! grow up and quit targeting specific threads to go cry in. should i draw a pretty picture for you next time? was "religion bashers, just turn back around" not enough of a warning? and for the record, nobody incited an argument.

    the description for Dinar Rumors is as follows: "Speculation and Rumors go here. As with the rest of the site, there is no bashing or trash talk. You may or may not agree with the posts, but you will respect the members!"

    no where does it say rumors must not contain religious talk. BUT it does say no bashing and you will respect the members. so tell me how respectful your post just was. you used numerous instances of extremist christian happenings from the past that could be the equivalent of you saying all muslims are terrorists. speaking in tongues, burning sage, rattle snakes...

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  7. Isn't greed one of the 7 deadly sins?

    Greed is the desire for material wealth or gain, ignoring the realm of the spiritual. It is also called Avarice or Covetousness.

    My main problem with Christianity is the hypocrisy of most of the believers.

    Greed is an excessive desire to possess wealth or goods with the intention to keep it for one's self.

    I do not intend on keeping it all for myself, and many other people do not either. I will be tithing AND helping friends, family, and strangers....anonymously.

  8. I could be totally off base but I just look at Kuwait. How can their people ever buy anything in Kuwait if their money is not close to the same. Right now Kuwait can come into Iraq and get goods really cheap, but Iraqi's can't do the same in Kuwait. If they are wanting to join the WTO it makes sense they plan to buy and sell. It would give their own people a lot more buying power if they would RV.

    huh? the kuwait dinar and iraqi dinar are completely different. kuwaitis cant buy iraqi products any cheaper than an american could. theres still an exchange rate.

  9. when you find the serials, dont think the bills are counterfeit just because it seems some have identical numbers. this comes up as a concern every month or two. the 2 and 3 look very similar.

    arabic_numerals.gif

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