Monday Late Morning Opinions @ 11:33 AM MDT - 7/22/2024

[ronscarpa]

REMEMBER, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ...  RON 

 

 

Clare  Article: "Government advisor reveals Iraq's gold reserves have risen to 150 tons... and the reason for its high price" Quote: "Gold is one of the most important safe investment havens in the world, which is resorted to by the investment portfolios of central banks and various investors"

 

Jeff   There was a perception out there that the rate was going to change before the July 18th accession date to the World Trade...This was their 3rd accession World Trade meeting. There's a 4th meeting coming in Q1 of next year of '25. Many thought Iraq would become a full member as of July 18th. None of that happened.  

 

Militia Man  They're going to delete the zeros. You don't create value by deleting zeros and implementing small category notes. You can't take 1310, which is .00076 to the dollar and just delete the currency and implement it without changing the value. It doesn't work that way. .0007 is far less than a penny. You guys settle down. Pay attention...

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: TV saying Iraqis are keeping 90 trillion dinar at home hoarding them from the banking system still.  We say make the dinar worth something and we will bring them in. FRANK: Why does the CBI want the 3-zero notes back?  Because they need to replace them with the lower notes.  Why are you getting lower notes?  Because you're getting a new exchange rate.

 

tishwash  So they have released another Gazette, but still nothing on the budget schedules...

 

 

[Luigi1]

Thanks Ron.

All are juicy rumors.   GO RV.

[Artitech]

How much money in gold does Iraq have if they have 150 tons of gold. At $2,450.00 an ounce is the bullion price today! I’m not a math major, I don’t think my calculator could calculate that high! That is enough money right there I would think for them to add value to the IQD , not counting all of their oil and gas reserves! JMHO 

[stanleypower]

32 minutes ago, Artitech said:

How much money in gold does Iraq have if they have 150 tons of gold. At $2,450.00 an ounce is the bullion price today! I’m not a math major, I don’t think my calculator could calculate that high! That is enough money right there I would think for them to add value to the IQD , not counting all of their oil and gas reserves! JMHO 

$11.7 billion

[Society]

34 minutes ago, Artitech said:

How much money in gold does Iraq have if they have 150 tons of gold. At $2,450.00 an ounce is the bullion price today! I’m not a math major, I don’t think my calculator could calculate that high! That is enough money right there I would think for them to add value to the IQD , not counting all of their oil and gas reserves! JMHO 

Approximately 8.250 Billion I believe

[yendor]

42 minutes ago, Artitech said:

How much money in gold does Iraq have if they have 150 tons of gold. At $2,450.00 an ounce is the bullion price today! I’m not a math major, I don’t think my calculator could calculate that high! That is enough money right there I would think for them to add value to the IQD , not counting all of their oil and gas reserves! JMHO 

One would think..... but Iraq and its populous seem to be content with the worthless value of their currency. 

Go figure......

[pokerplayer]

1 hour ago, stanleypower said:

$11.7 billion

 

You are correct SP.

 

pp

[screwball]

once crash happens, reset and trump is in we will get what we want......they will not release sanctions on them.......Iraq does not want o draw the attention of the cabals mass weather destruction devices this is why they were summoned to the US to discuss them trading in yuan..why? because they are circumventing the transactions and the US does'nt like it! remove the sanctions from our 32 banks? this is my opinion....

[screwball]

what happens if 2025 and iraq RV is part of the year long golden jubilee celebrations????? when debt is repaid to AMercia for cost of war????

[screwball]

if this is the case when trump is back in November then between Nov and Jan 1st we are good to go! lets hope for more talk of forex, foreign exchange,delete zero articles etc to guide us....remember news comes in cycles

[cutter73]

4 hours ago, screwball said:

if this is the case when trump is back in November then between Nov and Jan 1st we are good to go! lets hope for more talk of forex, foreign exchange,delete zero articles etc to guide us....remember news comes in cycles

I was thinking by the end of Jan. just because the enogrolation(ms)???

[screwball]

8 hours ago, cutter73 said:

I was thinking by the end of Jan. just because the enogrolation(ms)???

Could be right…anyones guess really….

[coorslite21]

15 hours ago, stanleypower said:

$11.7 billion

Either way....a good amount... 

Do be aware of this difference..   CL

 

Understanding the difference is simple – a 'ton' is 2000 lbs whilst a 'tonne' is 2204 lbs. Americans utilise the term 'ton' whilst the British prefer to stick to the term 'tonne'. A 'ton' is commonly known as a 'short ton', whilst a 'tonne' can be referred to as a 'metric ton'.20 Apr 2020