Comments on: Iraqi Dinar and the Odds http://www.iraqidinars.org/150/iraqi-dinar-and-the-odds/ Helping You Assess Whether Iraqi Dinars are a Good Investment Tue, 13 May 2008 00:04:27 +0000 http://wordpress.org/?v=2.2 By: Russ http://www.iraqidinars.org/150/iraqi-dinar-and-the-odds/#comment-572 Russ Sat, 07 Apr 2007 14:21:27 +0000 http://www.iraqidinars.org/150/iraqi-dinar-and-the-odds/#comment-572 The Iraqi Dinar conflict is a very interesting dilema but please consider an article position by the American Institute For Economic Research located in Great Barrington, Mass.: The title of the article is: "How Do We Know That We Know Anything"? Hind sight is always 20 X 20 isn't it? Take my deceased friend who started buying gold at $11/troy oz. We all laughed at him and we stopped laughing when he purchased a new Chevy Picup Truck, after selling 300 silver dollars, once silver hit $50/troy oz. He purchased his silver dollars for 1 Federal Reserve Note each in Reno Nevada. How did he KNOW he'd make out with his investments in Gold & Silver we may not know but our collective hindsight tells us he was an astute investor who shugged off OUR collective mistrust in his ways of looking at investing. He had a book titled: STABLE MONEY & another book titled: "The Intimate Papers Of Coloniel House, the guy who used Wodrow Wilson to sell the American People on the Federal Reserve pluss Social Security. Perhaps the Iraqui Dinar will prove to be more stable than the programs we Americans inherited from Coloniel House through Wodrow Wilson? When will hindsight tell us this answer also? Anybody's guess or is there a growing consensus; especially in the minds of the younger generation that stands to loose their position & national inheritances via speculation regards future inflation etc.? Inflations only cure is that it should never happen and so the US $ is headed to its' true value reduced to paper and ink? This makes us all true speculators at heart, due to our collective patriotism? The worst inflation was the Hungarian Pengo which became denominated in terms of "light yrs.". Perhaps the Iraqui Dinar will prove more stable then the Pengo and/or the US $ or perhaps cheap, imported or outsourced labor can save the US $. We have a lot more dilema to think over than the Iraqui Dinar shouldn't we realize? Modern circumstances have proven that we all now have a penchant for speculation, because gone are the days of purchasing Treasury Bills or Bonds with an exact internal rate of return, because nobody knows the future rates of inflation errosion do we? Thoughtfully, Russ Smith The Iraqi Dinar conflict is a very interesting dilema but please consider an article position by the American Institute For Economic Research located in Great Barrington, Mass.: The title of the article is: “How Do We Know That We Know Anything”? Hind sight is always 20 X 20 isn’t it? Take my deceased friend who started buying gold at $11/troy oz. We all laughed at him and we stopped laughing when he purchased a new Chevy Picup Truck, after selling 300 silver dollars, once silver hit $50/troy oz. He purchased his silver dollars for 1 Federal Reserve Note each in Reno Nevada. How did he KNOW he’d make out with his investments in Gold & Silver we may not know but our collective hindsight tells us he was an astute investor who shugged off OUR collective mistrust in his ways of looking at investing. He had a book titled: STABLE MONEY & another book titled: “The Intimate Papers Of Coloniel House, the guy who used Wodrow Wilson to sell the American People on the Federal Reserve pluss Social Security. Perhaps the Iraqui Dinar will prove to be more stable than the programs we Americans inherited from Coloniel House through Wodrow Wilson? When will hindsight tell us this answer also? Anybody’s guess or is there a growing consensus; especially in the minds of the younger generation that stands to loose their position & national inheritances via speculation regards future inflation etc.?
Inflations only cure is that it should never happen and so the US $ is headed to its’ true value reduced to paper and ink? This makes us all true speculators at heart, due to our collective patriotism? The worst inflation was the Hungarian Pengo which became denominated in terms of “light yrs.”. Perhaps the Iraqui Dinar will prove more stable then the Pengo and/or the US $ or perhaps cheap, imported or outsourced labor can save the US $. We have a lot more dilema to think over than the Iraqui Dinar shouldn’t we realize? Modern circumstances have proven that we all now have a penchant for speculation, because gone are the days of purchasing Treasury Bills or Bonds with an exact internal rate of return, because nobody knows the future rates of inflation errosion do we?

Thoughtfully,

Russ Smith

]]> By: James http://www.iraqidinars.org/150/iraqi-dinar-and-the-odds/#comment-439 James Sun, 24 Dec 2006 16:35:32 +0000 http://www.iraqidinars.org/150/iraqi-dinar-and-the-odds/#comment-439 I agree with Russell. Why not take the chance if you could afford it? The Iraqi Dinar is a secure currency and difficult to counterfeit. The Iraqi people use the Dinar when it is to thier advantage and the Iraqi government has confidence in it's security. I got my Dinars while I was working in Iraq for a US Contractor to the military. I was making excellent money and had some extre beans to invest with. So I did. I knew even then it may be a long term investment, and I currently have it stashed away in a safe deposit box. Of course Iraq is in disarray and spiraling down into a potential civil war, but that is the risk I took. Sooner or later the Iraqi people will get used to their newly acquired freedoms and will get fed up with all the violence which is hindering progress. I believe firmly that the Iraqi people will rebound and eventually learn to get along no matter what sect they may hail from. With proper leadership and guidance from the Big Powers of the World, I think Iraqi will eventually be a big player in the economic arena albeit it may take a number of years. . . perhaps 5 or 10 before we start seeing any substantial increases in the value of the Dinar. In the meantime, I will keep in mind what I have and may stand to gain: 11 Million Dinar at current value of $7,482.99 Dinar hits $0.01/Dinar = $110.000.00 Dinar hits $0.25/Dinar = $2,750,000.00 Dinar hits $0.50/Dinar = $5,500,000.00 Dinar hits $1.00/Dinar = $11,000,000,00 I don't have a problem waiting a number of years of this kind of return. And if it doesn't? Oh Well. James I agree with Russell. Why not take the chance if you could afford it? The Iraqi Dinar is a secure currency and difficult to counterfeit. The Iraqi people use the Dinar when it is to thier advantage and the Iraqi government has confidence in it’s security.
I got my Dinars while I was working in Iraq for a US Contractor to the military. I was making excellent money and had some extre beans to invest with. So I did. I knew even then it may be a long term investment, and I currently have it stashed away in a safe deposit box.
Of course Iraq is in disarray and spiraling down into a potential civil war, but that is the risk I took.
Sooner or later the Iraqi people will get used to their newly acquired freedoms and will get fed up with all the violence which is hindering progress.
I believe firmly that the Iraqi people will rebound and eventually learn to get along no matter what sect they may hail from. With proper leadership and guidance from the Big Powers of the World, I think Iraqi will eventually be a big player in the economic arena albeit it may take a number of years. . . perhaps 5 or 10 before we start seeing any substantial increases in the value of the Dinar.
In the meantime, I will keep in mind what I have and may stand to gain:
11 Million Dinar at current value of $7,482.99
Dinar hits $0.01/Dinar = $110.000.00
Dinar hits $0.25/Dinar = $2,750,000.00
Dinar hits $0.50/Dinar = $5,500,000.00
Dinar hits $1.00/Dinar = $11,000,000,00

I don’t have a problem waiting a number of years of this kind of return.
And if it doesn’t? Oh Well.

James

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