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Big Mountain

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Everything posted by Big Mountain

  1. SYNJI---If your situation is real, it’s not complete craziness on your husband’s part, but darn close. In my opinion, a potential RV is a longs ways off. I’ve had my dinar for almost 7 years and have 5-figures worth in US $’s, and I think a RV is a long ways off. There is no evidence that the RV will happen anytime soon (if ever), despite what the experts or supposed gurus say. He really needs to stay away from these dinar sites and take care of his family. It really bothers me to see how many people have lost or are about to lose everything, and their last hope is the dinar revaluing. Despite what people may think, this is anything but a sure thing.
  2. I originally bought my dinar about 7 years ago, joined DV a couple of months ago, but followed the site quite awhile before that. Assuming Iraq can hold it together (and I realize that is a big assumption to make), I don’t necessarily think it’s a bad thing for the RV to occur down the road, maybe even a few years down the road. The more oil they produce, the more oil reserves that are found, the more the economy grows, the higher the rate for the RV. If the RV occurs in the near future, I believe the rate will be low. I also think we will be required to cash-in our large bills (90 day cash-in window) and won’t have the option of holding out for a higher rate. I don’t buy the idea that they need to RV right now to get investment capital to come in. Big oil companies that are in or will be in Iraq are paid in dollars (or Euros, etc), so they don’t care what the Iraqi dinar is worth. Many Iraqi’s don’t have jobs, so increased purchasing power because of a RV won’ help most of the people. They need jobs, electricity, water, etc, and I think that can happen without a RV with outside investment capital. My advice, be patient. Don’t buy into the hype on any of these boards about an imminent RV. Not everything that happens in the Iraqi news is related to the RV, and actually none of it may have anything to deal with a RV right now. I haven’t seen one good piece of supposed “intel”, so I tend to believe it’s all nonsense or misplaced assumptions. I think this will be a good investment, you just need to be willing to wait for awhile. For me personally, I’m willing to wait another 7 years if it means a high return on my original investment.
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