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millionaire in training

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Everything posted by millionaire in training

  1. MOakes: O n Wednesday's call I believe Delta mentioned that the Dong may "eventually" come up to 5 cents.In searching the value of the Dong, I found that in 1954 it was valued at 9 cents to the USD. So if my figures are correct 1 million Dong would be equal to $90,000 in USD.In my opinion, the way the Vietnamese economy is now and the future is even brighter, we may see a much higher exchange rate in the future than it was in 1954. JUST THOUGHT THIS WAS AN INTERESTING OPINION PIECE ........THOUGHT I'D SHARE IT WITH YOU ALL.
  2. Karsten, At least we're seeing some kind of movement . If they are testing the site then that too is a good sign. I have faith in the VND , I feel that we will see and increase. Everyone's paying very close attention to it right now. Something will happen. Please keep in mind as with all the other currencies that most of us are invested in as well ....they will start at a rate and most likely go up from there ( readjust if you may ). As desperate as we all are to cash out please keep that in mind. It will make a HUGE difference in the end. Staying focused
  3. I can't believe they would blow it all away at this point. They've accomplished so much to let this ruin them. All the contracts that they've signed with so many countries.......what happens to all that?
  4. BACKDOC: Article: Saudi Arabia pulls rug from under Iran's feet in IraqDUE TO IRANS CONTINUED BAD BEHAVIOR THEY WILL NOW BE MARGINALIZED IN THE NEW REALITY! LOOKS LIKE THEY BLEW THEIR CHANCE TO COME OUT AND BE A RESPONSIBLE PLAYER! THEY ARE BEING BONEHEADED! BACK TO THE BASEMENT FOR THEM! DOC IMO
  5. http://www.thebaghdadpost.com/en/story/15666/Saudi-Arabia-pulls-rug-from-under-Iran-s-feet-in-Iraq Trouble in paradise .......
  6. Hi Climber, This is the best explanation that I have found so far. "THE TOMAN IS A HIGHER DENOMINATION NOT A DIFFERENT CURRENCY. ITS LIKE GOING FROM A TEN DOLLAR BILL TO A 100 DOLLAR BILL. IT IS A TEN FOLD INCREASE OF VALUE". IMO DOC So to answer your ?????? "NO we are NOT SCREWED" . This will be a transition from one form of currency to another and they will honer both at the same time. No one needs to exchange from rials to tomans to be able to make a profit. Just sit tight and wait for the rate to "come out and go up " to what you feel comfortable exchanging at ....and then... do so. People are getting tooooooo confused over this rial / toman topic and it's really very simple. Just my with a little help from BackDoc.
  7. I believe that I recently read that they are going to LOP . So please do your research first before you buy,
  8. Our biggest dilemmas will be .......1) how long to hold out for (rate wise) (cause it will continue to go up) ? 2) where to cash out?
  9. Yea thats right. Lets say we wanted to buy Tomans now. We can't ! They're not available for purchase yet.
  10. Mark......The switch of the Rial to the Toman isn't gonna happen overnight. I remember an article that I believe Screwball brought over or I read somewhere else that said we would have time to turn in our Rials. I don't remember the exact time frame right now but I think it was something like 2 years. It'll take time for them to print out the new bills (Toman's) and it'll take time for them to collect all the Rials that out there. I don't think we'll have a problem on our hands at all. I also think they will rv close to Iraq's rv . It's been said that it's part of "THE PLAN" their plan. I also think that their rate has to be somewhat competitive with the other countries around them (for trade). I would think they would come out at 1-1 but strive to float higher. This part is just IMO. But thats what I think.
  11. I agree........ And Im right there with ya..........
  12. Yesterday I was listening on the radio to an opinion piece on Iran. They were validating everything that we already know. Saying that Iran has a huge amount of resources and wants to become a trading country. It is their opinion that they will be a trading country. They said that a lot of businesses in the USA are wanting to trade with Iran and are trying to figure out how they can do so. They feel that Iran and the USA will come to an agreement because it's in the BEST interest of both countries to do so. They felt that Iran will be one of the next big BOOM's to hit our economy (meaning companies that do business with them). It was a very interesting piece to listen to. They spoke very highly of Iran. Said they were a very strong country to do business with and that the world knew it.
  13. Are you sure thats what she said? You're not hearing voices again are you ?
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