This has to be "too good to be true"

[hspotman]

Now on to the topic. I've tried to get family and close friends into this IQD investment, but most if not all are very skeptical and saying the same thing about why this is too good to be true. And I can't believe no one has really brought this up on here, unless it's way far back in the archives. It is soooo easy to get caught up in all the hype about how we are going to make bundles of $$ when the RV hits, that we overlook realistic thoughts. How can "our" government allow thousands, or even tens of thousands of people to prosper on something like this? First, agree with me that there are thousands or even tens of thousands of people in this county who are now investing in the IQD( a country with a population of billions). Next, I'm no financial expert, especially when it comes to our economy,etc., but what will happen if all these people cash in dinar for hundreds of thousands to millions of dollars?? That's just too unrealistic to happen, IMO. If the IQD RVs at, say $1 for arguments sake. Will the foreign exchange brokerage's and financial institutions, that we will cash our dinar in at, be buying back our dinar for even close to that price?? I don't know why, but I vision them buying back our dinar at .01 if it RVs at $1, or maaaaybe .10 to be on the generous way of thinking.

Questions for anyone that invested in the KWD when we were at war over in Kuwait-

1- It's been said that it RV'd up to $7 at one time. Is this true, and what was the RV initially for it?

2- Did you get even close to the rate the RV was at if/when you exchanged your dinar?

I did not so a spell check for this because I wanted to give "dinarinmi" something to do through this whole post. Maybe he can check my punctuation too??

Edited September 22, 2010 by Munsch
Watch the language

[hardtop]

Gotta love Critics eh . Still Smiling GO RI

[DCupp]

[rjboots1]

hspotman, you need to just sit back, read, and listen to a few people that know what they're talking about, (i.e. Scooter, Frank, Groovgal), rather than open your mouth and stick your foot in it. Just for starters, there aren't billions of people in the US, there are about 300 million. Actually, the only part of your post that makes sense is where you said "I'm no financial expert". Oh, really?

[dinarinmi]

I'll have my attourney check this out and get back to you ASAP.

[caz1104]

Thanks for the post. The USA has'nt hit a billion in population yet and last I heard the guess as to how many are vested was roughly 750k. I suggest if you are wavering in your faith for this speculative investment you might consider selling off. JMO & good luck to you. GO RV BABY!!!!!!!!!!!!!!!!!!!!!!!!!!!

[PacoTaco]

You need to read, read and keep reading and go back 6-12 months. I have found just about every question has that peeps ask have been gone over again and again and again. I think the real thing that most should ponder upon----Did the originators of the Warka name ever play the old pacman arcade game? When you say WARKA, WARKA, WARKA, WARKA,WARKA, several times in sequence! Hmmmmm!

[THUNDER BUTT]

Thunder

[tileman1814]

Dude you need to back off the coffee a little.

Semper Fi !!!

[Who_Dat_Gurl]

Yes, as we all know, this is a risk taking investment. I am a huge skeptic, but did purchase some dinars because it was a small investment to make. I am hoping and dreaming, along with everyone else that has invested. I am new to this and can only wonder how people have been in this for 4 years!!! Some have said this "hype" has been going on for a very long time. My question is Why? What caused everyone to think a year or two ago that this dinar would Rv at that time? What was going on with Iraq at that time to cause them to be in a frenzy thinking it was about to Rv? Supposedly, right now everything is getting into place for this to happen. So who was telling all these people years ago that it was about to happen.? That is why one becomes skeptical. If it sounds way to good to be true, then it must be- most of the time. But, there is still a chance, even if I just get my initial investment back, I will be happy and it will be a learning experience.

I have called and spoke to the Commodity Futures Trading Commission to check on this situation and sadly, trading Foreign Currency is not at all regulated because their are no laws in place at the Federal level that regulates this. What brokers are doing by selling is totally legal. The guy I spoke to at the CFTC said these guys just may have lots of money coming from somewhere and that it is a 100% trust you put into them. It would be different if the brokers were pushing you into buying it. But, we, the investors are the ones making the choice to listen to the hype and continue to invest.

Hopefully, luck will be on all of our sides and will cause Irag to become a great country as we are

This was my contact source:

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington DC 20581

CFTC Toll-Free Complaint Line: 866-366-2382

Online Complaint Info: www.cftc.gov/customerprotection/redressandreparations/index.htm.

[hspotman]

Thanks for the post. The USA has'nt hit a billion in population yet and last I heard the guess as to how many are vested was roughly 750k. I suggest if you are wavering in your faith for this speculative investment you might consider selling off. JMO & good luck to you. GO RV BABY!!!!!!!!!!!!!!!!!!!!!!!!!!!

I know I'll make "some" money from this, so there's no need to sell anything. I am just more skeptical now on the amount everyone here is thinking will be made. I treat these types of investment as "found money". So there's no reason to sell off. Whether I make alot or lose everything, I won't feel bad. I only invested what I could afford to lose, just like the stock market.

[ha ha]

[MoraMora]

Instead of bashing ..he has a point and it would be intresting to hear exactly how investors went about exchanging their Dinars back during the Kuwait RV....I know at times it does sound too good to be true.... But it has happend before and it can happen again....So let' s hear from people that actually have some information to give..... instead of all the ones that have responded nothing but bull crap....get over yourselves and let's hear from the ones that actually have information to give..I for one would like to know.

[hspotman]

Instead of bashing ..he has a point and it would be intresting to hear exactly how investors went about exchanging their Dinars back during the Kuwait RV....I know at times it does sound too good to be true.... But it has happend before and it can happen again....So let' s hear from people that actually have some information to give..... instead of all the ones that have responded nothing but bull crap....get over yourselves and let's hear from the ones that actually have information to give..I for one would like to know.

Thankyou Mora!

[layadooganlazy]

Instead of bashing ..he has a point and it would be intresting to hear exactly how investors went about exchanging their Dinars back during the Kuwait RV....I know at times it does sound too good to be true.... But it has happend before and it can happen again....So let' s hear from people that actually have some information to give..... instead of all the ones that have responded nothing but bull crap....get over yourselves and let's hear from the ones that actually have information to give..I for one would like to know.

I second that motion as well

[cross5]

Good thought there Potman

[vianney71]

Yes, as we all know, this is a risk taking investment. I am a huge skeptic, but did purchase some dinars because it was a small investment to make. I am hoping and dreaming, along with everyone else that has invested. I am new to this and can only wonder how people have been in this for 4 years!!! Some have said this "hype" has been going on for a very long time. My question is Why? What caused everyone to think a year or two ago that this dinar would Rv at that time? What was going on with Iraq at that time to cause them to be in a frenzy thinking it was about to Rv? Supposedly, right now everything is getting into place for this to happen. So who was telling all these people years ago that it was about to happen.? That is why one becomes skeptical. If it sounds way to good to be true, then it must be- most of the time. But, there is still a chance, even if I just get my initial investment back, I will be happy and it will be a learning experience.

I have called and spoke to the Commodity Futures Trading Commission to check on this situation and sadly, trading Foreign Currency is not at all regulated because their are no laws in place at the Federal level that regulates this. What brokers are doing by selling is totally legal. The guy I spoke to at the CFTC said these guys just may have lots of money coming from somewhere and that it is a 100% trust you put into them. It would be different if the brokers were pushing you into buying it. But, we, the investors are the ones making the choice to listen to the hype and continue to invest.

Hopefully, luck will be on all of our sides and will cause Irag to become a great country as we are

Great post, "Who", & thanks for referencing your contact!! The only thing that is correct in the original post, is that the US government will quite possibly institute a windfall tax on the benefactors of this RV.. to the tune of 70%, as reported in the VIP section. It is likely to RV at a higher rate, so that the USA & other investor countries can make huge profits. But if BO were to allow us to all become millionairs & naturally help our children, this will push back BO's socailist agenda a whole generation, considering the homes & caars and services etc. we will be buying. Remember, Socialism, in the US, Iran, etc depends on a population totally dependent on gov. pensions and welfare. Bottom line, hoping for a high RV is not the issue, but how much a US citizen can take home & use freely is the problem. That is why there is so much talk about off-shore accounts etc. (Sorry for any spelling errors...)

This was my contact source:

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington DC 20581

CFTC Toll-Free Complaint Line: 866-366-2382

Online Complaint Info: www.cftc.gov/customerprotection/redressandreparations/index.htm.

[Don Paul]

KUWAIT

From what I remember, the Kuw. dinar came out at around $2 and then shot up to $9 then settled at 3+ about a month thereafter.

I do however think there are some key differences. Back then the Internet wasnt much of a factor and I assume there was NOWHERE the same volume of speculators in the mix, making

liquidity and value movements much more volatile.

I think with the instant information decreasing panic buying/selling, HEAVY volume of buyers/sellers, etc., will make this a much less volatile figure somewhat akin to the stock market where heavily traded stocks are more stable.

[hspotman]

KUWAIT

From what I remember, the Kuw. dinar came out at around $2 and then shot up to $9 then settled at 3+ about a month thereafter.

I do however think there are some key differences. Back then the Internet wasnt much of a factor and I assume there was NOWHERE the same volume of speculators in the mix, making

liquidity and value movements much more volatile.

I think with the instant information decreasing panic buying/selling, HEAVY volume of buyers/sellers, etc., will make this a much less volatile figure somewhat akin to the stock market where heavily traded stocks are more stable.

So do you think we will actually get the price it RVs at, or that it will RV much lower than expected?

[DesertPete]

The US Government could care less about us. The Government stash pays down the debt (hopefully), and if anyone makes any money on this deal they will get their share...it's called TAXES.

[muydinar]

no way 750000 people own dinar. No one can prove the actual number so people need to quit guessing!

[Who_Dat_Gurl]

no way 750000 people own dinar. No one can prove the actual number so people need to quit guessing!

Well, according to the DT interviews, did someone state that they now have over 300,000 clients purchasing dinars?

[kittycat]

Our Government allows us to purchase Dinar - becasue when it does revalue.....WE WILL PAY TAXES ON THE GAINS!

[hrdbawl]

KUWAIT

From what I remember, the Kuwaiti dinar came out at around $2 and then shot up to $9 then settled at 3+ about a month thereafter.

I do however think there are some key differences. Back then the Internet wasnt much of a factor and I assume there was NOWHERE the same volume of speculators in the mix, making

liquidity and value movements much more volatile.

I think with the instant information decreasing panic buying/selling, HEAVY volume of buyers/sellers, etc., will make this a much less volatile figure somewhat akin to the stock market where heavily traded stocks are more stable.

Agreed Don Paul 100%! I also read a make sense fact that when the RV kicks in, Kuwait has far less of a population creating a different supply vs. demand aspect and therefore when you add this fact in with the exposure the internet has provided in the case of the Iraqi Dinar, you SHOULD find the volatility to be smoother to some degree, if you will. A bit of a watering down affect.

Also, there is a thread on the this site that states EXACTLY how the Kuwaiti Dinar evolved when it RV'd. Search for it. It was done well.

I will say this...hearing from someone that actually experienced this RV with their own money would be fantastic. Anyone out there?

[terrigray]

Instead of bashing ..he has a point and it would be intresting to hear exactly how investors went about exchanging their Dinars back during the Kuwait RV....I know at times it does sound too good to be true.... But it has happend before and it can happen again....So let' s hear from people that actually have some information to give..... instead of all the ones that have responded nothing but bull crap....get over yourselves and let's hear from the ones that actually have information to give..I for one would like to know.

My understanding about the Kuwait RV was that you could only buy and sell in Kuwait. Someone on the forum had purchased Kuwait dinar and shared their story and did really well with it.

Bush signed Presidential Order 13303 which allows US citizens to invest in the new Iraq. It states that under this order and the Coalition Provisional Govenment Order 39, a US Citizen has the same rights to investments as an Iraqi citizen. That may be why dealers were selling in the US. I bought my dinar in 2005 because a friend at work had a son-in-law in Iraq and the military guys were buying the dinar. My thought at the time was that Iraq was generating dollars by selling the dinar and I would support Iraq by investing in their country beleiving that I would not see any return for 5-7 years or longer. Every once in a while I would look on the computer for info on the Iraqi dinar and lo and behold this past March I found this site through another site that was about investments. Since then I've been following all the chatter and have learned alot about Iraqi politics. I really only started on this ride recently and it would be great if it was over soon. I definitely could use the money at whatever amount it RV'd.