Econman33

November 21, 2013

http://www.silvertowne.com/p-11650-silvertowne-trademark-1oz-999-silver-bar.aspx

And

http://www.providentmetals.com/bullion/silver.html

I buy from these two suppliers. Bars from Silvertowne ship for free. I have always had good service from them. I buy from one local supplier also, but his stock fluctuates. Silvertowne allows credit cards so you are protected and insured. Most deliveries come UPS. Provident metals has great selection but they charge a little extra for CC purchases and shipping. Just my two-cents here.

Here are my favorite bars for the money. Free shipping.

http://www.silvertowne.com/p-11651-silvertowne-trademark-5oz-999-silver-bar.aspx

April 16, 2011

Ask yourself one simple question. If this were a penny stock and you were already holding it, would you sell based on what we know right now?

March 1, 2011

He is a banker at WF in CA. This has been discussed many times. Nir, thanks for the input.

February 28, 2011

thank you but isn't that a good thing? if you have someone has 1,000,000 dinar, they get 1,000,000 in usd??

That's because some people listen to Okie who says that it will RV at $5.27+. So Okie believers give negatives to those who state realistic numbers like 1:1

February 12, 2011

Only if you invested in Vietnamese Dong.

That's John Jagerson's article from Mint.com, ...and equally worthless! Not exactly what I would consider: Fair and Balanced.

Agree Also last I checked Venezuela has an idiot dictator running the country. Not exactly what currency markets like. Just an FYI since you are researching. Same with the Dong in Vietnam (Communism). If you are going to compare, please use apples with apples, and research more. Iraq lost value overnight, they have a right to reinstate some of that value overnight. If they do, we gain. If they don't, we learn.

February 10, 2011

My take is he is saying they are keeping inflation to one decimal point (single digit) inflation. I do not see any exchange rate given.

They are claiming the low inflation that CBI claims is incorrect and it does not truly reflect the real inflation seen by the Iraqis.

February 9, 2011

ALL THE HATERS PLEASE SIT ON YOUR HANDS....ONCE AGAIN THIS IS IN RUMORS FOR A REASON AND FOR *ENTERTAINMENT PURPOSES ONLY*

Twitter @trke96 from Turkey a couple of weeks ago twitted that the IQD RV's at 1 IQD to .30 USD.

@trke96's tweet was in arabic and translated to english in the above sentence.

I tweeted back to @trke96 in Arabic and in Turkish " how are you aware and know that the IQD will RV at 1 IQD to .30 USD"

On Feb 7 @trke96 in arabic stated "عندي مصادر خاصة تقول ان الدينار العراقي سيرتفع ويصل الى ٣٠ سنتا خلال اشهر في منتصف ٢٠١١ "

Which translated in English to "I have private sources, says that the Iraqi dinar will rise and reach 30 cents during the months in mid-2011"

That's it... I delivered as promised if I were to get a response back. Don't stone me

Thanks

February 7, 2011

And foreign investors are allowed to own property and companies in Iraq I believe.

Currency speculators would have a field day. There's no reason for Iraq to take several beatings,

When they can just hold thier nose and plunge on in to the deep end of the pool. IMO

Based on CBI statistics, there is about 54.7 Trillion Dinar. 24 trillion outside of banks based on their November numbers. 30+ Trillion in Reserves. Notice how the Reserves have grown over the last couple of years. Look at required reserves and Excess reserves at the bottom 5 and 6 a & b. Reserves are more than 4 times required. That is stabolizing. Just an FYI.

I think the biggest problem is that there is no justifiable evidence, or good reasoning on why it would come in any lower than the original $3.22 In fact every move that every other country has made leads to at least the $3.22 or higher. I do agree with it possibly floating afterwards, and getting even higher, but anything lower would still be worthless to investors in Iraq not counting dinar holders of course.

Sorry but $3.22 was not recognized by anyone. Saddam did that, the market did not. He was jealous of Kuwait.

February 7, 2011

Very interesting ... good find.

I don't see that this would be "because" of Iraq or have anything "to do" with the RV, but it may "influence" both iraq and the RV, depending on what is discussed or decided, if anything.

My first thought was that the Secretary of State ... is that her title? ... may have said "Let's do lunch" to so many people it was decided to do it as an afternoon party, you know, little fancy sandwiches, five types of tea, hot and thick Arabian coffee ... that kind of thing.

Second thought was a combination of scenarios I have read over the years having to do with world domination, American isolationism, stuff like that ... which just goes to show I read far too much science fiction.

Hope we can keep tabs on this and find out just what is going on.

thanks for the post.

smee2

My first thought was it was another Obama "kumbaya" party to throw.

February 7, 2011

hmmmmm VERY interesting...

http://beforeitsnews.com/story/399/615/All_Ambassadors_Called_Back_to_Washington.html

This link describes QDDR as it relates to State Dept.

http://www.peacewomen.org/portal_resources_resource.php?id=1192

February 7, 2011

I have been watching this post all day, and can not believe that there is no responses to it. My feelings are that this post is extremely important to the future of all currencies of the world.

Am I missing something?

If I am reading this correctly, the articles is talking about areas of the country that do not produce oil. Those areas need revenue and jobs just like the oil producing areas. I believe the translation is misleading. Another article was posted yesterday referring to the same problem. They are saying maintaining border areas are important and should warrant oil revenues too. Border outlets refers to pipeline or important points of entry. Just my take on this.

February 7, 2011

Great post I couldn't agree more. Besides if stockbrokers were that good, they wouldn't be stockbrokers anymore. I have a very wealthy brother who has been invested for two years. He never said a word to me about it until I brought the Dinar up. His golf partner got him involved and he is worth 50 million or better.

I recently heard an interview by an original investor in Facebook. He said he didn't tell a soul, because he would have lost credibility if it had tanked. Well I believe they were recently valued at 50 billion or more.

February 6, 2011

Alot of the bigger players are already in the game......the purpose is to buy it at its lowest price for the biggest profit......which is where its at now (besides before when it was 3000 to 1) Because of the uncertainty in the future of Iraq, there is no guarantee that it will ever get back to its pre sanction rates.....so now is the time to buy.....there wouldnt be nearly as much dinar bought if it was lets say 30 cents on the dollar.....would you have as much dinar if it was that much?? I know I wouldnt......so the amount that would be bought at a higher rate is NOTHING compared to how much is being bought now......not to mentoin how many people would be selling out if it came close to 30 cents......thats still a tremendous profit for the small amount being invested......I know I would cash out half my stash maybe more at 30 cents given the situation in the ME......no one will eat up Iraq if they come out low.....that just wont happen......even if it did revalue some, alot of bigger investors still probly wouldnt touch dinar because of how uncertain and unstable they are.....there are no guarantees here......they might throw a million or so into the ring but even that is a big risk.....you can bet a huge hedge fund isent going to throw hundreds of millions or even a billion USD into buying Iraqi currency.....that would be the dumbest move of all time for a huge firm......

Absolutely.

February 6, 2011

The other day I went into my local Wells Fargo branch. I have been a customer there for many years. While waiting in a somewhat long line, an assistant manager that I know came to me and said she would process my transaction at her desk.

After I concluded my business, I made a passing remark, “So how much is a dinar worth today”. Her response was, “You too. It’s still at 1170”. Surprised by the response, I ask her how she knew I was referring to the Iraqi dinar and the value. She told me that at least once a week someone comes into the bank and makes the same query, and asks about rumors of dinar increasing in value.

I then asked if there was any truth to these rumors. Her response was (paraphrasing her words), “Upper management has advised that if any questions are asked about the dinar, we can tell the customer the current rate; that bank has no opinion on rumors of increased valuation of the currency or any currency; and that you should speak to your financial consultant regarding investing in the dinar or any foreign currency.”

Because I know her I asked, “Do you have any dinar”, her response was “yes”. I then asked “between you and I, what do think is going to happen?” Her response was, (paraphrasing again); “Some days I think that they will remove the zeros, and other days I think that it will revalue, but if it does revalue, I seriously doubt that there will be a one to one exchange. It will more likely be a value somewhere between 17 cents to 37 cents.” I said to her, “I am also pessimistic that it will be a one to one exchange, but how did you come up with this odd number range?” She just smiled and said “rumors”. I left it at that, and said goodbye.

I don’t know if this indicates anything for the future, but I thought you (viewers of the site) would be interested.

Thanks. IMHO. That is the range I have been expecting. Although I believe it will rise higher than that in the future.

February 5, 2011

This guy runs an affiliate marketing site. I am an online business coach so I teach people how to build these to make them successful. This guy is just using marketing 101. If you are selling gold and silver then you need to basically bash and discredit other forms of investing to spark interest in your product. If you do it correctly you will drive traffic and increase sales. This guy is just an amateur.

Thank you I couldn't say it any better.

February 4, 2011

Bottled water, canned and dried foods. and 22LR shells. All the big game will be taken first.

February 3, 2011

It is almost comical. Earlier someone said Okie will use this article and mention this rate. He needs to quit sniffin the oil in the fields. Sorry. I really hope no one takes his prediction seriously.

February 3, 2011

http://www.cookkileyreceiver.com/receiver-reports_29_160322695.pdf

I was Google surfing Dinar and Bear Sterns and ran into this case. Nothing that is recent, but is does mention any movement would create nice return.

Title should say "case that mentions Dinars as asset."

January 31, 2011

Stop the BS conspiracy theories.

China is just as reliant on the US as we are on them!

Thank you. This is an absolute fact.

January 30, 2011

thought I would share with you a very good report by the Congressional Research Service entitled Currency Manipulation: The IMF and WTO.

Here is the Summary:

The International Monetary Fund (IMF) and World Trade Organization (WTO) approach the issue of “currency manipulation” differently. The IMF Articles of Agreement prohibit countries from manipulating their currency for the purpose of gaining unfair trade advantage, but the IMF cannot force a country to change its exchange rate policies. The WTO has rules against subsidies, but these are very narrow and specific and do not seem to encompass currency manipulation. Several options might be considered for addressing this matter in the future, if policymakers deem this a wise course of action. To date, while the issue remains a topic of concern, governments have not taken action to address the different ways the IMF and WTO address this topic.

See: Currency Manipulation: The IMF and WTO (July 2010).

Great point. We are currently dealing with this concept as it applies to China. They have kept their currency value low to maintain exports.

January 30, 2011

RETIRE to WHERE?

Here are some of your choices:

You can retire to Phoenix, Arizona where

1. You are willing to park 3 blocks away because you found shade.

2. You've experienced condensation on your hiney from the hot water in the toilet bowl.

3. You can drive for 4 hours in one direction and never leave town.

4. You have over 100 recipes for Mexican food.

5. You know that "dry heat" is comparable to what hits you in the face when you open your oven door.

6. The 4 seasons are: tolerable, hot, really hot, and ARE YOU KIDDING ME??!!

OR

You can retire to California where...

1. You make over $250,000 and you still can't afford to buy a house.

2. The fastest part of your commute is going down your driveway.

3. You know how to eat an artichoke.

4. You drive your rented Mercedes to your neighborhood block party.

5. When someone asks you how far something is, you tell them how long it will take to get there rather than how many miles away it is.

6. The 4 seasons are: Fire, Flood, Mud, and Drought.

OR

You can retire to New York City where...

1. You say "the city" and expect everyone to know you mean Manhattan.

2. You can get into a four-hour argument about how to get from Columbus Circle to Battery Park, but can't find Wisconsin on a map.

3. You think Central Park is "nature."

4. You believe that being able to swear at people in their own language makes you multi-lingual.

5. You've worn out a car horn. (Ed. Note if you have a car).

6. You think eye contact is an act of aggression.

OR

You can retire to Minnesota where...

1. You only have four spices: salt, pepper, ketchup, and Tabasco.

2. Halloween costumes fit over parkas.

3. You have more than one recipe for casserole.

4. Sexy lingerie is anything flannel with less than eight buttons.

5. The four seasons are: winter, still winter, almost winter, and construction.

OR

You can retire to the Deep South where...

1. You can rent a movie and buy bait in the same store.

2. "Y'all" is singular and "all y'all" is plural.

3. "He needed killin" is a valid defense.

4. Everyone has 2 first names: Billy Bob, Jimmy Bob, Mary Sue, Betty Jean, Mary Beth, etc.

5. Everything is either "in yonder," "over yonder" or "out yonder."

It's important to know the difference, too.

OR

You can retire to Colorado where...

1. You carry your $3,000 mountain bike atop your $500 car.

2. You tell your husband to pick up Granola on his way home and so he stops at the day care center to pick up his daughter, Granola.

3. A pass does not involve football or dating.

4. The top of your head is bald, but you still have a pony tail.

OR

You can retire to the Midwest where

1. You've never met any celebrities, but the mayor knows your name.

2. Your idea of a traffic jam is ten cars waiting to pass a tractor.

3. You have had to switch from "heat" to "A/C" on the same day.

4. You end sentences with a preposition: "Where's my coat at?"

5. When asked how your trip was to any exotic place, you say, "It was different!"

OR

FINALLY You can retire to Florida where.

1. You eat dinner at 3:15 in the afternoon.

2. All purchases include a coupon of some kind -- even houses and cars.

3. Everyone can recommend an excellent dermatologist.

4. Road construction never ends anywhere in the state.

5. Cars in front of you often appear to be driven by headless people or Q-tips!

Great post . I have lived in four of the above and completely agree with your descriptions. Thanks for the laugh.

January 28, 2011

This came via email. I don't necessarily agree but I think it's important to consider all views and information. I suppose I'll take a few negatives for this but I can handle it. But I do think it's important that we all view this as a long term investment and not look to the RV as a quick fix or a get rich quick approach. If it happens soon, great. If not then so be it.

I believe this is the Nir that has been posting on this site for months. He has given his location several times. Wells Fargo in CA. He has been saying this for months. Considering he is from ME and invested, I take what he says seriously. Thanks for the post Mr. Rich. And thank you Nir for your input.

January 28, 2011

Hi,

To follow up on this post I want to mention that I work in a bank and my bank is also in an area where many middle eastern people come and bank. I want you all to know that I ask many people from the middle east about the dinar. Today for example I spoke to an Iraqi Jew that is a nucleur scientist and he told me that the RV might happen and if it does it would be in many years. I am giving you all valuble factual info from people that might not be in the know but they are from that part of the world and they might have more knowledge than people you guys listine or read about who have so far given you all false info and you all know who I am talking about. I am asking many people about this and I keep getting the same answer if it happens it will happen in a few years. Now if you don't like what I have to say that is fine but at least be thankful that I give info that is from people in that area and these are not lies because I am not making money from this ethier way and I have no motive to lie. I just want to help everyone make the right decesion. Be well and stay real.

Thank you for your insight. Let's hope they don't wait to long. Iraq stability is questionable at best. Iraqi people deserve better. The growing investment in Iraq this year will heat up the economy and the dinar will have to move soon or later.

January 27, 2011

I would like to throw some info out that has been mentioned in this thread. If you go to CBI, click on statistics, click on Key Financial indicators. This will give you updated numbers. Looking down the list, you will see a-currency outside of banks and b-Bank reserves. This shows as of Nov 2010 there was 23,881 Billion or 23.8 Trillion outside of banks or a better word (everywhere but not in Iraqi banks). Thought this may help. http://www.cbi.iq/index.php?pid=Statistics.

January 26, 2011

I believe this was debunked before in December. If I remember correctly, the misprint was that one said billion and the other trillion. It was on DV site. That rate would be nice.

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