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Just some random thoughts on this whole IQD adventure. No advice offered here......just trying to provoke thought......and please add your thoughts........that's the whole idea of of a forum/blog..... The IQD and VND for that matter were once valued at a much higher rate than today. Due to US involvement military events.....and all that go with that....sanctions etc.......the rates are now very low.... The Geo-Political problems of the world are greatly enhanced by the financial issues.......hundreds of trillions of debt world wide, and a mostly whole world fiat based currency where currency value has been built on nothing. Something has to give. I have to believe you are reading this because of your interest in the IQD.....so I'll stay on that subject....... For Years Iraq has used the USD as a value of trade. For that reason alone we may see a 1-1 value of the USD-IQD sometime in the future. Let's use that number for sake of discussion. Anyone following any of this understands the challenges Iraq has endured. It appears many have been resolved and Iraq may be ready to rejoin the mainstream world once again. We'll see? So today you get a text........there has been a change in value..........what's next? For discussion sake .......Let's say you hold 1 million IQD..........that would now be the equivalent of 10,000 Benjamins.......or 50 lbs. of Gold..........will you just throw your IQD in your pocket and take a trip down to the bank?...........would you carry that same amount of Gold.......or all those Benjamins with you...........any where??? Perhaps You need protection........who can you trust with that? Someone out of the phone book.....?.....perhaps a friend.....you know people go into 7/11's and kill people for 50 bucks.......... Then again, how many people know about your investment..........probably most thought you were crazy.........but they know.......and what danger might that hold......? How big of a town do you live in???.......In a town of under 100,000 in population I believe anyone walking into a bank and depositing a million bucks........that news will travel fast........might you consider driving to a larger town and depositing into a bank different from the one at home...... You get an email........someone you may know from a IQD forum has a solution to all of these questions........send your IQD to them, or someone they know.......they will handle everything for you.......how do you think that might work out?.............even when at an financial institution .....never let it out of your site.........they will have the means to verify the authenticity on site...........even just the black light methods are highly effective. Taxes........Common income......capital gains.......windfall tax........no tax.........??? See a professional.......there are many ways to legally reduce your tax liabilities.........for a start....if you live in a State like California you can save about 13% annually by just moving out...... Life after the fact.........depends on the rate and amount of IQD you have..........I have read all the grand ideas people have..........they must believe they will all become billionaires........ I doubt that will be the case. I suggest for the first year you just live your life as normal. Buy little......perhaps Uncle Joe left you a small inheritance........but because of some new found wealth........don't let the money blow your life up....... . So.........Good luck to all..........CL
