Almedina

Guys, sorry, but I will soon give up checking this site on a daily basis. All we get here are pumpers that are still trying to scam people into buying a currency that who knows when or IF it will ever RV. There are many of us out there that at first took the bait and went out and invested in additional Dinar purchases last November and December, BELEIVING all the hype and now, it becomes clear, it was just that, hype. Iraq still has a long way to go before it gets to increasing the value of their almost worthless currency. Why are they taking so long, well, for starters, they have an incompetent president along with an incompetent government. One of their best platforms to spearhead their economic growth anytime soon, is the upcoming "Arab Summit" and now, it seems, this may be in danger of not delivering the same effect as planned. The security issues may limit the participations of regional presidents and royalty, together with a lack of hotels and flight options. Added to all this, is a crazy nut job who is coming and going from and to Iran, stirring unrest among the opposition forces in the country. Irak is still very unstable and has issues to resolve with Kuwait, which can play a role in anything that has to do with the national currency. Remember also that when currencies RV, they usually experience conservative growth, hence, the hopes of going from where it is now to 3, 4 and especially 5, is unrealistic. The old saying of 'If it sounds too good to be true", applies here. How many people do we know that have invested 5, 7, 8 grand and earned a return, translating into the millions, even over a span of 10 years? The best that we can hope for is to break even and get back our investments, maybe with a few thousands in profits. Want to make good in currency investments? Invest in the true and stable currencies of the world, Australia, Japan, Canada, Great Britain.

Of course, he went back to Iran to get 're-energized', get reinforcements, then go back to Iraq and stir up the "angry bees" all over again. I for one cannot understand why the Iraqi givernment and hence, the U.S., is allowing this insect to enter Iraq in the first place. It's the same thing with Jean Claude Duvalier in Haiti, it's just bizarre. Things in Iraq are still very fragile, it's touch and go, it would take just one big shoe to drop and everything that has been accomplished in the past year, will go to waste, to say the least, we could be kissing any potential RV goodbye for now.

Yes of course! Tomorrow, someone will 'cash in' at 3.55 in Istanbul and 4.7 in Doha. Tuesday, several will do the same in Abu Dhabi for 4.75 Who are you trying to fool? Cat's out of the bag!

I am sure many here have realized that there are "pumpers" among us, posting bogus "predictions" and otherwise, 'speculating' on RV amounts and RV dates, so that the naive and vulnerable will purchase more of the Dinar from the assorted dealers. Many of their postings are so transparently untrue, that only the truly stupid or 'in denial' investor, will believe them. I mean, "I just spoke to my neighbor, whos' brother's cousin is in Irak and his friend told him he 'cashed out yesterday at 5.37", etc, etc. "RV Monday", "RV Thursday", "RV on the 15Th", "My Intel", on and on... What do these "pumpers" take us for? Not only are they taking on for a bunch of fools, they are also being cruel and inmoral. Well, the truth is, no one knows when or perhaps "if", this elusive investment will ever payoff at the levels we have been anticipating and hoping for. The reasons are quite many, however, chief among them are, a country that is still shaky government wise, with poor infrastructure and internal strife. There are still unresolved issues with Kuwait, interference from Iran and now, a shi-ite leader 'back in town' with anti American rhetoric, trying to 'stir up political unrest". Add to all this, the many other aspects of "cashing in" the investment, including taxes, both at the federal and state level, how to properly choose a bank, a knowledgble tax attorney and other important aspects of getting to that all important "milestone", reaping the profits off your output of U.S. dollars. Yes, many of you are in need of a cash influx, many are waiting for this 'windfall' to help others, purchase a home, travel, put up a business, etc. However , since late last November, the hype has reached a crescendo, prompting many to part with money that otherwise could had been better spent, paying bills, home improvements or leaving the money in the bank earning interest. Echoeing someone else that posted a comment a few weeks ago, I too agree, that when it comes to an investment of this type, it's best and most intelligent to only "gamble" an amount that we can afford to lose, no more than that. There are thousands of people around the world that have invested huge amounts of money over the last 5-7 years on a currrency that has proven inconclusive at best. It is very upsetting to read all these "rumors" and speculatons and see the effect that it has on people that are "hanging on every word" to keep their hopes going, and worse, to continue buying a currency that remains to be seen if it will ever "RV" beyond the "break even" point. Please take this message as of caution and common sense. Continue on with your lives and do the best you can with what you have. Check the valid, "official" rate exchange websites for the "true" Dinar value and do not believe what these "pumpers" feed you. The day you hear that the Dinar has RV'd , from CNN, the New York Times or the Wall Street Journal, that's when you can "begin" to take this whole affair seriously!