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Worthless IQD Worth More Than Gold...Value Is Coming Soon.


Luigi1
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1-8-2016   Newshound/Intel Guru BGG   ...if they are willing to GIVE UP GOLD from their reserves... for IQD - that means they are "buying" - they must think it has VALUE... This is the CBI mind you.   the basic premise is this - the CBI is willing to trade GOLD for IQD...that only says one thing to me.


1-8-2016   Newshound Guru wmawhite   Quote:  "Central banks are buying gold coins called gold and confirms the arrival of the 100 dinar coin"   ...this new CBI announcement appears to be straight forward and is in keeping with what they said they would do four weeks ago. At that time the CBI stated that 70% of all of the currency that is out in Iraq was being kept by individual citizens and that they (CBI) had plans to draw that currency into the banks. Well, here it is. However, what is more amazing is what appears to be the placing of a value upon the individual dinar based upon a world accept value of gold. If the translation is correct the CBI is stating that they are selling 15 and 25 gram coins for 100 IQD and 250 IQD. The current spot price of gold is $1,100 per ounce. 25 grams is .77 oz. .77 of $1,100 is $847.  Divide $847 by the 250 IQD and you have an equal value of $3.38 per IQD.   Interesting that the CBI would offer an accepted asset of great value for a currency of less value UNLESS the value is in the process of changing.
 
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Central Banks do not sell there minted gold coins for face value.

US 1 ounce coins have a $50.00 face value but cost over current spot price. 

 

Here is a picture of a $5.00 US coin currently minted that is 1/10th of an ounce

2014-1-10-age.jpg

 

 

From JM bullion site regarding buying foreign coins

World Gold Coins

Beyond American Gold Eagles and Canadian Gold Maple Leafs, there are dozens of other gold coins produced by Government mints across the world. This category of products includes all gold coins not listed in the Eagles/Maple Leaf categories, including other US coins, European coins, Asian coins, and more.

Does Country Matter?

While browsing our world listings, you may wonder if the originating country of a gold coin affects its value. In our opinion, the most important piece of any gold coin’s worth is its gold purity and weight. Given that most gold coins are of 24k (.999 or .9999) fine purity and 1 troy oz weight, we typically tend to recommend investors go with the cheapest coin available.

That being said, some investors prefer buying coins from their home country, or coins that may trade at a premium due to relative scarcity. If you choose to do this, you typically are no worse off in the long run, as coins that are more expensive now will typically sell for a higher price later, as well.

Unique Designs

A facet of world Gold coins that attracts investors and collectors to them more than gold coins from the US or Canada is the fact that their designs are like nothing most people have ever seen before. Some of these coins come from the furthest, remote parts of the world and even though they are relatively small pieces of metal, the depictions and inscriptions present on the coins give you the chance to take home part of that country’s culture and history. A perfect example of this is the Austrian Philharmonic gold coin whose main images are representative of the country’s oldest, most famous orchestra.

With superior gold content and some of the most unique designs around, world gold coins are a great choice for any serious collector or investor.

Dimensions

Because the coins produced in different countries around the world are inherently different from one another, their dimensions likely will be too. Though most coins are roughly the same size there are plenty exceptions to this. Diameters and thickness will be included in every individual coin’s description and specifications which makes it imperative that you read about the coin before you make a purchase.

Edited by SocalDinar
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here's some more rumors related to the above...

 

1-9-2016   Newshound Guru wmawhite    I have always wondered how the final few steps would play out...how would the CBI eventually show the true value of the IQD...Could they be doing that at this time? Are they not placing a value on the IQD by offering gold for it?

 
 
 
1-8-2016   Newshound Guru Enorrste   Article: "Central bank: Stamping contracted 10 000 specie to diversify their savings and get a 24 carat gold"    I suspect that the Iraqi economy is skewed so that the vast majority of the money is held by a small percentage of the population.  Therefore, while this won't mean anything to the vast majority of the people in Iraq because they cannot afford to purchase the coin, those who can, will.  This small percentage of the people probably hold over 80% of the dinars anyway.  Furthermore, since gold is a "real" asset which will move up and down in value as gold around the world does, this will insulate the gold holders from a falling dinar.  Therefore, this "adjustment" of the rate to a lower rate is almost certainly being done to scare the big fish into purchasing the gold coins, thereby turning in their paper money.  All in all this seems like a well thought out plan on the part of the CBI to reduce the paper money in Iraq quickly.
 
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Speaking of powerballs, Donald Trump is walking down the street(across from the border)

lol

Yeah can barely contain myself

fart.....woops

double lol

Damn Straight ! . . . these Monkeys have been Busting our Balls with Endless Verbal Diarrhea for over a Decade !!!!

This is true,10YL

I said the same thing in 2010 2011 2012 2013 2014 2015

How bout you Umbertino?

You said it, Bro

Try Texting Him - I Can Hear The Songs Cranking From Down In The DV Music Basement...

Frickin' Kids These Days ...

:D :D :D

 Will turn volume down,DT...Sorry

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I said the same thing in 2010 2011 2012 2013 2014 2015

How bout you Umbertino?

 

Well...Thinking of it....To be exact... With me it's been 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015.....

 

But as Louis Armstrong used to sing....We have all the time in the world

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Well...Thinking of it....To be exact... With me it's been 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015.....

 

But as Louis Armstrong used to sing....We have all the time in the world

Yep . . . it all started for me, one spring day in March 2004 in Kuwait. The Camels off in the distance, eating whatever it was that was growing out there; constant gun fights between Kuwaiti Security Forces and those pesky Al Qaeda types - occasional knuckleheads trying to cut thru the wire to get at us in the Ammo Depot [ they never used mortars, always vest bombers ] - those were the days

 

Year 13 begins of this investment and the fun never stops !!

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