rt-sion

Thanks for the oppinions by all of you. And all the negs.My whole point was, the same old posts of an RV any day now, and people responding, " oh I hope your sources are right,"are getting old. IF this ruins your day to read that, sorry. I still have my small investmnent, but I will NEVER refer anyone to make an investment in Dinar. Have a Great week everyone! : ) Neg away if you please!

I have been invested for about three years, and used to check in EVERY DAY, at least 5 times a day. Just came back to read what has been up latley, after about a year off, and realised the SAME OLD CRAP IS STILL BEING POSTED EVERY DAY!!! Nothing has changed, nothing has made this questionable investment any more positive, the same du#@ AS$e5 are still posting the same crap. Dont put your life on the line here, dont believe the statements that "this will happen any day"! I have read too many statements about people losing their houses, and now they wont lose their houses, because the RV is going to happen any day now. This is a BIG RISK if you have invested a lot of money. I invested a couple hundred bucks, and I am still PISSED OFF because to me, the people who pushed me to invest here were MIS GUIDED by people on this sight! I have NOT invested any more because I see the patern here. DONT BELIEVE ANY BANK STORIES, or BOOTS ON THE GROUND INFO! Have a GREAT WEEKEND!!!!

Well I will be landing in Hawaii on Sunday, I will ask the locals, and be sure to check the banks on Monday. Dont think I will take my Dinars with me tho!!!

Iraq’s Dinar: Still Stuck in the Wild West of Currencies Written By Matt Egan Published February 22, 2012 FOXBusiness Reuters While most investors realize Iraq is still a dangerous place to travel to, they may not fully grasp the financial risks tied to trading in the nation’s currency, the dinar. Worried about the dinar’s illiquidity, the threat of currency fraud and still-unstable situation in Iraq, Wells Fargo (WFC: 30.18, -0.47, -1.53%) issued a warning this week urging investors to steer clear of the currency. “Considering that Iraq remains a dangerous place with an uncertain future, we strongly advise investors against taking the risk of buying Iraqi dinar as an investment,” Paul Christopher, chief international investment strategist at Wells Fargo Advisors, wrote in a note in response to investor curiosity about the currency. Introduced as Iraq’s new currency in 2004 after the fall of Saddam Hussein’s regime, the dinar, which recently traded at about 1,165 dinar per U.S. dollar, is still only available in paper form because most U.S. banks decline to deal it. That means the dinar is still very much a part of the Wild West of the currency world, an area most investors should probably avoid funneling money to. Yet investors are clearly curious about the dinar, largely because of yet-to-be-realized hopes that the Iraqi Central Bank will revalue the currency by resetting its exchange rate at a more favorable value. They point to similar economic rebounds and currency revaluations in West Germany after World War II and in Kuwait after Saddam’s 1991 invasion. Yet Christopher spells out four main risks to buying into the dinar now: the threat of future violence in Iraq, illiquidity, risk of fraud and historical precedent. While Iraq has clearly made great political strides in recent years, the political unity between Iraq's three competing ethnic groups remains extremely fragile. Plus, foreign influence, especially from that of Iran, threatens to further inflame political tensions. “Iraq’s post-war experience shows much stronger ethnic divisions than was the case in Germany or Kuwait, prior to their currency revaluation,” Christopher wrote. “While the economy grapples with violence, the prospect of a currency revaluation seems remote.” But even if the political and violence situations didn’t cast a pall over the dinar, the illiquid nature of the currency makes investment impractical. Because few of the world’s banks outside the Middle East work with Iraqi banks, most investors are forced to buy actual physical dinar banknotes (rather than the electronic form of the currency like a euro investor would). Dealers in banknotes charge customers for the cost of shipping, handling and buying/selling the dinar in a wholesale market, Christopher said. “The costs for buying or selling the dinar may absorb most or even all of an investor’s return,” Christopher said. Without any banks to work with, investors in the Iraqi dinar are often forced to work with Internet trading companies and potentially shady dinar dealers that aren’t closely regulated by the U.S. government. That leaves investors open to the risk of fraud. Christopher pointed to the fact that the Iraqi dinar trade ranked No. 6 on the Utah Department of Commerce’s list of top 10 frauds of 2006. “We suggest many [currency] recommendations that we believe have much less liquidity, fraud and principal risk,” Christopher said. Read more: http://www.foxbusiness.com/markets/2012/02/22/iraqs-dinar-still-stuck-in-wild-west-currencies/#ixzz1nSiNLvfT

Well, latley I have been very sceptical, with all the Guru stories, fasle predictions, etc...I had a conversation with a customer of mine today. I sell wood stoves, and recently sold him one, and I had to make a service call tonight at his home. While I was talking to him about his new Ford F150 he bought today, he told me of the great deal he got on it. He said he recently spent 7 years in Iraq as a contrator, and was great at negotiating deals, on contracts. So he was able to use his negotiating skills on his truck purchase. Well, of course I asked him what he thought about the Dinar, he said he owns 5 million, and how "scetchy" it was trying to get on the flight home. Said he used baby wipe packages to hide in in his cary on luggage, but they let him go through without any detection. He also said he was in Kuwait when it RV'd there, and made a healthy sum there too. I just wanted to share my story that happend tonight. Made me feel a little more at ease regarding my investment. Have a great weekend. Robert, Portland area, Oregon.

And ya wonder why so many people think this is a SCAM! Continual posts like this, with NOTHING to back it up!

www.un.org/en/ this one is fine!

Just watch FOX NEWS channel, cant go wrong there!

Begining to believe this is all a joke!

This all sounds so..... well, Hav'nt we Heard this before?

I know, what a bunch of goofs, I have never seen a Brinks BACKED UP to the doors. I saw your point, but I think most of the readers just saw "Brinks truck at the bank"!

Crap, didnt notice the date!

Umm, maybe cause its not true?

In the ME, and many European countries the DAY is Always before the month when it is printed in this way.

No Link, but I know two people who recently lost their business, because they react to these Okie posts, and lots of others, by buying more Dinar. They put off paying bills, using the excuse," we will will pay you when the Dinar RV's"" Its supposed to happen any day" "It already rv'd in Iraq" " Rate will be over 7.00$" These are all quotes I have heard them tell people to buy more time. No link, just first hand knowledge of it happening. And I am sure there are similar stories like this. They got me into the investment months ago, but I bought a small amount, and am done buying, cause I know the pumpers are getting something for their efforts!