JamieS Posted March 23, 2012 Report Share Posted March 23, 2012 Good Afternoon to all of you, this is an article from Forbes magazine in regards to the Dinar. Read this... http://www.forbes.com/sites/johnwasik/2012/01/19/the-curse-of-saddam-iraqi-dinar-deals/ My stomach feels a little off after this one! 1 1 Link to comment Share on other sites More sharing options...
Rdy_Stdy_GO Posted March 23, 2012 Report Share Posted March 23, 2012 Opinions... it's all good. I'll hold onto my Dinar. Didn't spend more than I would normally have wasted anyway. My cup will remain half full... well with all the positive news lately... more than half full...! Push the button Shabbs!! 1 Link to comment Share on other sites More sharing options...
TexasGranny Posted March 23, 2012 Report Share Posted March 23, 2012 Old news - article is dated Jan 2012 This is a speculative investment - there are no guarantees just like when you buy a lottery ticket. 3 Link to comment Share on other sites More sharing options...
okane Posted March 23, 2012 Report Share Posted March 23, 2012 Yeah, add that CFP (certified fin. planner) to the list of people NOT to do business with! Link to comment Share on other sites More sharing options...
Mak63 Posted March 23, 2012 Report Share Posted March 23, 2012 Good Afternoon to all of you, this is an article from Forbes magazine in regards to the Dinar. Read this... http://www.forbes.co...qi-dinar-deals/ My stomach feels a little off after this one! I see it as just another disinformation piece. This guy had to write about something and his mainstream financial person isn't Dinar literate. I'm hangin' onto mine and waiting for the RV. Little egg will show up on this Forbes guy when it RV's. Mak63 1 Link to comment Share on other sites More sharing options...
sportfisher Posted March 23, 2012 Report Share Posted March 23, 2012 Much of the article comes from a position of out dated ignorance. For one, I don't want or have any "Saddam" money. As far as, why would they sell instead of hoarding knowing that the value will increase, This has been going on for years, dealers make money off of the transaction, and they do have their own "hoardings". Many have increased their "hoardings" by selling. No one knows if and when anything will happen in this speculation, but I wouldn't put too much credibilty on this article. 1 Link to comment Share on other sites More sharing options...
rapidwind Posted March 23, 2012 Report Share Posted March 23, 2012 According to the author and his last line in the article we are all getting flying carpets!! 2 Link to comment Share on other sites More sharing options...
gatoraces Posted March 23, 2012 Report Share Posted March 23, 2012 anything can happen 1 Link to comment Share on other sites More sharing options...
ReVbo Posted March 23, 2012 Report Share Posted March 23, 2012 (edited) I came across this article when it first posted, so I'll just post my original response from another site. 3 problems I see with this article: 1. It's a fixed exchange rate now, and not internationally traded. Central banks with fixed rates of exchange have the ability to revalue or devalue their currencies. Why would anyone pay more than the fixed market rate? So, the market argument is bogus. 2. His argument that the dealers, if they really thought it would revalue, would be hoarding dinar is ridiculous. I'm sure they've all got a nice little personal stash, but they have to make a living in the meantime, so they make money on a spread. That's the same argument we hear, all the time, about precious metal dealers. Sure, Goldline thinks gold will appreciate in the future, but it's a business, so they sell their gold at a spread, and Goldline continues as an ongoing concern. If you think any product you sell is going to appreciate, why aren't you hoarding it, Brian Hancock, CFP? 3. Why did Forbes Magazine, a world renound financial publication, with contacts in literally every corner of the globe, have to go to little ole Birmingham, Alabama, to find some small time financial planner to call this a scam? I've lived in Birmingham my entire life, work in finance, and have never heard of Timberchase Financial. Couldn't they find someone at, say, Goldman Sachs, or the currency trading desk at JPM, or an economics professor at Princeton, or freakin' Paul Krugman, for that matter? Furthermore, why would they ask a financial planner? Those are the guys who sell insurance products and municipal bonds to old people and mutual funds to 40 hour a week employees. My bank manager friend, who works in the ritziest part of town, tells me she's selling piles of the stuff to Birmingham's rich and famous. She's at least as good a souce as Brian Hancock. Edited March 23, 2012 by ReVbo 8 Link to comment Share on other sites More sharing options...
bigedusa Posted March 23, 2012 Report Share Posted March 23, 2012 i would like to fly a carpet!!! Link to comment Share on other sites More sharing options...
eLemonator Posted March 23, 2012 Report Share Posted March 23, 2012 I will be sure to use my new found wealth to prove to them all that it was not a scam! I will be on the Forbes forum if they have on if not every other "highly regarded business journal" calling for a correction to there claim and recognition in our success! GO RV/RI Link to comment Share on other sites More sharing options...
JamieS Posted March 23, 2012 Author Report Share Posted March 23, 2012 I will be sure to use my new found wealth to prove to them all that it was not a scam! I will be on the Forbes forum if they have on if not every other "highly regarded business journal" calling for a correction to there claim and recognition in our success! GO RV/RI LOL! I love it! Link to comment Share on other sites More sharing options...
moultonn Posted March 23, 2012 Report Share Posted March 23, 2012 This is very speculative as an investment. Don't go beyond your means to invest. DON'T DO IT ON A CREDIT CARD that you can't pay off each month. If I make 10x my investment I will be happy. Link to comment Share on other sites More sharing options...
dinarmite Posted March 23, 2012 Report Share Posted March 23, 2012 Old news - article is dated Jan 2012 This is a speculative investment - there are no guarantees just like when you buy a lottery ticket. Compared to some on here Jan 2012 is new..... 2 Link to comment Share on other sites More sharing options...
semichdave Posted March 23, 2012 Report Share Posted March 23, 2012 yet another DB trying to bring this down... How about... Go report on why Detroit has no money... that will keep you busy for a few minutes... and that's real news. Jackhole. Good Afternoon to all of you, this is an article from Forbes magazine in regards to the Dinar. Read this... http://www.forbes.com/sites/johnwasik/2012/01/19/the-curse-of-saddam-iraqi-dinar-deals/ My stomach feels a little off after this one! continue reading the RUMORS section... and your a$$ will not be in tune with you stomach my friend. In the words of Flavor Flav.... Don't believe the Hype. Link to comment Share on other sites More sharing options...
in4thelonghaul Posted March 24, 2012 Report Share Posted March 24, 2012 Scratched that guy off my RV money team! Link to comment Share on other sites More sharing options...
DiveDeepSix Posted March 24, 2012 Report Share Posted March 24, 2012 These are the same self proclaimed geniuses that cost a ton of people their life savings, retirements, etc. in the markets. There advice can be filed right along with Okie's BS in the trash bin!!! :lol: Follow your gut not some stock market nut! Go RV baby, bring the Ferrari to papa!! 1 Link to comment Share on other sites More sharing options...
skitealwedrop Posted March 24, 2012 Report Share Posted March 24, 2012 Old news - article is dated Jan 2012 This is a speculative investment - there are no guarantees just like when you buy a lottery ticket. Agreed. What's with the antiquated articles lately? The RV/RI/RD will happen eventually. Iraq is not on our watch. Currency speculation is an investment with no know outcome. I will remain patient. Link to comment Share on other sites More sharing options...
SocalDinar Posted March 24, 2012 Report Share Posted March 24, 2012 Old news - article is dated Jan 2012 This is a speculative investment - there are no guarantees just like when you buy a lottery ticket. I think this article is much older than that Go SHABS 1 Link to comment Share on other sites More sharing options...
Rhorse Posted March 24, 2012 Report Share Posted March 24, 2012 Forbes takes a shot at Dinar investment every three months or so... Very tired... Link to comment Share on other sites More sharing options...
kostaske Posted March 24, 2012 Report Share Posted March 24, 2012 Good Afternoon to all of you, this is an article from Forbes magazine in regards to the Dinar. Read this... http://www.forbes.com/sites/johnwasik/2012/01/19/the-curse-of-saddam-iraqi-dinar-deals/ My stomach feels a little off after this one! Mainstream media is notorious about misinformation to the public. When the tides turn an the RV happens, the same guy will write another article about how great of a currency is the Dinar, and about the insightful few who acquired it before the RV. I don't pay too much attention to the mainstream media, and I think so should you. 2 Link to comment Share on other sites More sharing options...
jgyear Posted March 24, 2012 Report Share Posted March 24, 2012 i sure hope he is wrong. Link to comment Share on other sites More sharing options...
Cynthia AH Posted March 24, 2012 Report Share Posted March 24, 2012 Below from the article: What consumers are not told is that the dinars can be redeemed only in Iraq, as most of the established currency exchange houses and banking institutions cannot convert the dinar to US dollars. Since no exchange exists for the Iraqi dinar, dealers can charge whatever they want to sell and buy back the dinars. Well no the Iraqi Dinar cannot be exchanged outside of Iraq for dollars because IT IS NOT A INTERNATIONAL CURRENCY YET! BUT IT WILL BE ON BOTH SOON...REAL SOON! And since I have first purchased the Iraqi Dinar my investment have more than doubled! $475.00 for a million. SHUT UP! 1 Link to comment Share on other sites More sharing options...
Biker Posted March 24, 2012 Report Share Posted March 24, 2012 Yes nothing to sweat over, i read this almost 1 yr ago. Hes rite in the aspect its a worthless money , and banks don't deal in it because its not a traded money. But when it does RV it will be traded. Hes a smart Man and has made his millions but he don't no all. Link to comment Share on other sites More sharing options...
Bitteenbit Posted March 24, 2012 Report Share Posted March 24, 2012 Good Afternoon to all of you, this is an article from Forbes magazine in regards to the Dinar. Read this... http://www.forbes.com/sites/johnwasik/2012/01/19/the-curse-of-saddam-iraqi-dinar-deals/ My stomach feels a little off after this one! The date on this is Jan/2012.. If it was a scam, and illegal it would have been stopped by now. But it hasn't, and dealers are still selling, even in the US.. Also, it would have been National News considering how many people are waiting for the reval. I also believe that the transitions that have taken place in the Iraq Govt from Jan til now prove their economic stability in oil, and the need for an increase. Just my opinion. Link to comment Share on other sites More sharing options...
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