Dinar and Gambling

[dexter]

Some days I think of the dinar as an investment and other days....just a straight up gamble. And I do like to gamble, lol. It made me curious as to some of the revenues produced via gambling. I discovered Choctaw Casino in Durant, Oklahoma has a population of approx. 16,000, and the first week it opened in Jan. 2010 cleared 98 million. Las Vegas casinos make approx. 70 million daily. That is a staggering amount........just from being able to wrap your head around those numbers makes me want to believe the second largest oil producing country in the world could support a moderate RV. I think they have enough money to make a few millionares, lol. Sure, I comprehend what keepm has explained.....about the budget and the amount of money in circulation, however, I also think there are many variables that may not be so transparent. I am also reading " Confessions of an Economic Hitman"------it's absolutely riveting and I highly recommend to any and all especially those in this investment. It's extremely enlightening regarding the deals made "behind closed doors" between countries, the players, the pawns, manipulation, deceit, economic growth, the World Bank------all spurred by GREED.

I didn't post to stir anyone up, just bored at 4am and not alot of new topics....so, I thougt I would throw this out there for some hope of realizing how much money can be spent or made in a day just on gambling, for instance, not even considering the amount trading daily on the FOREX----that's just mind boggling, so yeah, looking at it from a simple perspective------I choose to BELIEVE it is going to be GOOD! Not inconceivable, not 8 dollars or 5 dollars or even 3 dollars.....but Good Enough......

[Francie26]

It'll be good. I agree that Iraq will be able to support and will, thus, create some millionaires-- I'm just hoping I'm among them. And for what it's worth, I'd prefer it to happen today.

Thanks for the book title. I'm always looking for good ones.

[Kevin B]

Good call on 'Confessions...' I have not finished it yet, but it is amazing what we (translate as the US Gov) does through out the world.

[R Veyron]

Interesting point of view, Im wondering if the Odds makers in Los Vegas have odds on rv ? If you can actually bet if an rv will happen ? They bet on just about anything there so Id be suprised to find out if they actually did have this bet.

[kinglizzy99]

dexter,

Fun post! I like the comparison because not only do I feel the same way, but I'm big into blackjack and dice (avoiding the other term cuz I don't want to give any ammo to the trolls/bashers lol)

However, I've always thought about the "what if we do in fact see a huge return from this" scenario, and equate it to this Roulette example (using very round numbers for easy math sake):

- Imagine going into a casino and betting $1000 on your favorite number ($1000 as a rounded down estimate to equate to what most of us would have bought $1M dinars for)

- If it hits, you've just won $35,000!!! Even in that scenario, I'm sure most people would be absolutely ecstatic.

- Now, let's get super crazy and take all your money ($35,000 + $1000 initial investment = $36,000), and LET IT RIDE!!! (I'm quite sure that unless you're in the high-stakes area or get special permission, you wouldn't even be allowed to bet $36,000, but this is just a fun exercise so go along with it )

- If it hits again, you've just won $1,260,000!!! (I'll wait as many of you will right about now want to check my math...wait for it...wait for it )

- You've just made $1,260,000 off an initial gamble of $1000...WOW!!!

- Hmmm, can you say RV of 1.26 usd : 1 iqd??? That's as good of a rate prediction as any other!

Again, there are so many moving parts and outcome scenarios in this investment (just like roulette), and as long as you don't bring your mortgage payment to the roulette table (ie. bank to buy dinars), what an exciting way to diversify one's overall investment strategy.

Peace,