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Questions For Adam's Update 9-28-2016


TexasGranny
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I'll bug you one more time and re-post my question from last week:

 

Oil prices are relatively stable, the price of gold is staying above $1300/oz and most likely going up.  Iraq has plenty of both.

With all that has gone on with Iraq this year: CBI talk, banking, more oil, more gold, security, government, IMF and UN aid, etc...things are actually looking promising.

I know about your 10 cent stance, and believe me...I'm a believer in 'at least' that for an rv.

I was just curious if you've heard anything about a possible rate of 13-26 cents, like a few other middle east countries are currently valued at as well.

Just so Iraq can be 'on par' with some of their neighbors, and take advantage of the resources they possess or have yet to tap into.

Thanks.

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1 hour ago, ixic said:

I'll bug you one more time and re-post my question from last week:

 

Oil prices are relatively stable, the price of gold is staying above $1300/oz and most likely going up.  Iraq has plenty of both.

With all that has gone on with Iraq this year: CBI talk, banking, more oil, more gold, security, government, IMF and UN aid, etc...things are actually looking promising.

I know about your 10 cent stance, and believe me...I'm a believer in 'at least' that for an rv.

I was just curious if you've heard anything about a possible rate of 13-26 cents, like a few other middle east countries are currently valued at as well.

Just so Iraq can be 'on par' with some of their neighbors, and take advantage of the resources they possess or have yet to tap into.

Thanks.

oil prices stable ish  ---- yes

gold price staying above $1,300/Oz and heading higher ---- I sure hope so

Iraq has plenty of both ---- well we know for sure they have a lot of oil, how much gold they actually have at the moment is anyones guess.

as for the rate --- 1c , 10c , 50c, $50 per dinar or even the current rate, it really doesnt matter to Iraq what the rate is life continues as normal, there are 120 factors that determine the value of a currency, everything from political stability to standard of healthcare, structure of the economy and population educational levels then the usual things like reserves, natural resources, workforce participation, interest rates, banking structure and policies, inflation rates and the volume of cash in the economy etc.

"on par with the neighbors" --- I've heard this one for years and there is absolutely no reason one country can value its currency at a higher rate just because another country close by is at a higher value relative to the dollar. thats like me saying well bob down the road who is a CEO of his own company just got a new mustang ..... I should have one too ,even though I work part time in pizza hut (I dont work in pizza hut lol) with todays crazy lending policies I probably could get the loan for it in this scenario but long-term it will destroy me just like if Iraq jumped the gun and set a rate too high based on a false belief in thier ability to maintain that rate or deserve it. As mentioned above the factors that affect the value of a currency cannot be overlooked or dismissed just because one might want to keep up with the jones's (or Muhammad's in this case) its just an ego thing. I do think some day it will be on par, now whether thats because the IQD increases in value or all out chaos engulfs the middle east and everyone else drops to Iraq's current value I don't  know but time will tell.

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On 9/25/2016 at 0:23 AM, TexasGranny said:

Please post your questions below for Adam's Wednesday update.


Please do NOT respond to the questions posted!             
:shakehead:


Responses that are not on topic will be removed!            :surgeon:



:cowboy2:

I probably should have started reading this thread from the start lol ..... feel free to delete

BTW Good to see you again TG  :twothumbs:

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Hi, I have been in the dinar for right at 5 yrs now & have followed & trusted your comments & opinions. I  watched as yrs ago, unlike so many others calling RV, RV  everyday, you remained honest (& accurate). My questions are. 1 Do you think oil with stay low & cause the RV to delay or come out lower ? 2  Do you still think we can / will see an Oct RV or simply things "getting better". 3  My VIP is expiring soon ( as of Sept 27th, I had asked this last week) . Do you think you will be offering a VIP & Name Reserve package anytime soon ? 4. I am under the impression Mosul will be retaken by the joint forces within a few weeks. Does that  make any more reason for them to finally roll out there new rate?  Thanks again for your guidance.  Glenn 

 

 

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Well with Maliki in our face, almost daily: Please comment on  the possible  reactions that may occur from his actions.  Why he is still breathing, has me baffled. We already know he can  do some financial damage, and  put all the progress that has been made in the tank.  Do you still feel he doesn't matter to the Parliament anymore? Are the articles just media garbage, with Iran  behind it?

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