bubs Posted March 5, 2014 Report Share Posted March 5, 2014 If the Iraqi Dinar is to immanently Re-Value at a rate far greater than the current market rate, why do dealers keep selling it at the market rate, and, just as importantly, why will they only buy it back at a 20% spread? Tough questions demand realistic answers. 4 Link to comment Share on other sites More sharing options...
aitshioud Posted March 5, 2014 Report Share Posted March 5, 2014 It's currency speculation. They are a currency dealer and it's business. Supply and demand 1 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 5, 2014 Report Share Posted March 5, 2014 Is you be askin why currency dealers are in business? Uh e uh If Someone wants business how do they get people to come Advertising , coupons , good products to back themselves up ? Why would they want to lose money by paying for tv adds Why lose money giving away two for one Or giving away things for no profits or losses Uh e uh O drum up business I guess To get the ball rolling Wild shitttte huh Those crazy bass turds Just think all the business they will get when those dinars are redeemed for goods and services in Iraq after they are rvd Think of them as coupons for business It's not like they lose anything We paid them a thousand dollars for a few notes that they got for around 10 dollars printing costs Then they just change their value and collect them at that value establishing their rate by selling us goods and services at that rate instead of going out and trying to establish the rate by buying things at that rate They are accepting their own currency for goods and services at the new rate So when they try to use them abroad after that everyone knows Iraq honors their currency at that rate It's not that hard to figure out You have to understand fiat currency It's only redeemable for goods and services It's not redeemable for anything else They lose nothing They gain business Everyone's money is good for oil So who wouldn't accept Iraqs money they got plenty of oil The money will be converted into petro dollars not exchanged into petro dollars the dinar will be removed from the books and the new petro dollars are established In my opinion They don't establish new petro dollars and keep the dinar too Unless the dinar would go into the us reserves to back the petro dollars Then there would be piles of foriegn currency in the reserves from everywhere I'd like to see how they are converted I never could find that link 2 2 Link to comment Share on other sites More sharing options...
dontlop Posted March 5, 2014 Report Share Posted March 5, 2014 So, how does any of this resonate with you? Former Central Banker Admits "[They] Are Making It Up As They Go Along" http://www.zerohedge...t-they-go-along Read more: http://dinarvets.com/forums/index.php?/topic/173666-former-central-banker-admits-they-are-making-it-up-as-they-go-along/#ixzz2v6KW0mqp 1 2 Link to comment Share on other sites More sharing options...
doctor robbins Posted March 5, 2014 Report Share Posted March 5, 2014 If the Iraqi Dinar is to immanently Re-Value at a rate far greater than the current market rate, why do dealers keep selling it at the market rate, and, just as importantly, why will they only buy it back at a 20% spread? Tough questions demand realistic answers. That's a good question. Another good question is why they even have dinar to sell in the first place if this Re-Value is imminent? You would expect Iraqis to be trading in their dollars for dinar if they were being told that the dinar's value is about to increase dramatically. Instead they prefer the dollar. 5 1 Link to comment Share on other sites More sharing options...
umbertino Posted March 5, 2014 Report Share Posted March 5, 2014 Quote Why lose money giving away two for one End Quote But they will eventually do that ( and even give away 2 for less than one) when demand starts inevitably decreasing more and more before getting to a full stop. Unless they want to lose all the money. I'm told that's also a good and sensible business practice. 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 5, 2014 Report Share Posted March 5, 2014 (edited) I know lots of people who do not think the dinar will ever revalue Guess what They don't hang around dinar speculation web sites Edited March 5, 2014 by dontlop 4 2 Link to comment Share on other sites More sharing options...
haymon Posted March 6, 2014 Report Share Posted March 6, 2014 Just like the majority of Americans believe the dollar will not fall, the majority of Iraqis belive it will not rise.... 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted March 6, 2014 Report Share Posted March 6, 2014 Its a business to them . The 20-30% markup is a sure thing! As long as the demand lasts they hope it never revalues even to a penny! Because then they would have to charge $12000 per mil and few would risk that much money. 1 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted March 6, 2014 Report Share Posted March 6, 2014 Its a business to them . The 20-30% markup is a sure thing! As long as the demand lasts they hope it never revalues even to a penny! Because then they would have to charge $12000 per mil and few would risk that much money. And they also employ these gurus to keep pumping and twisting anything negative to make it seem like this is a sure thing.... Almost all the gurus are affiliated with currency dealers.....that alone should speak volumes as to the legitimacy of this.... 1 1 Link to comment Share on other sites More sharing options...
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