Iraqi Dinar Showing Strength
For what it's worth - this piece of positive news about [tag]Iraqi Dinar [/tag]up in Mona Charen's commentary at Townhall.com:
Amir Taheri, writing in the June issue of Commentary magazine, offers a catalogue of progress in Iraq that is almost impossible to find in our principal news outlets. For example, he notes that there have been no queues of refugees streaming out of Iraq. To the contrary, 1.2 million have returned home since Saddam's ouster. Muslim pilgrims are flocking to the holy sites in Karbala and Najaf. The Iraqi dinar, which had been in free fall during the final period of Saddam's misrule, has risen by 17 percent against the Kuwaiti dinar and 23 percent against the Iranian rial. (bold added) Iraq's GDP has rebounded since the invasion, and inflation has dropped from 70 percent to 25.4 percent.
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The Irqi Dinar may be a risky investment, but then again, so was that crazy internet thing, or television, or the horseless carriage! If you look at the expense vs. the potential return: approximately $700 USD to aquire 1M NID (New Iraqi Dinar). Right now there is turmoil and chaos in Iraq, sure. Our work here is not yet finished to help this fledgling government stand on its own. There is alot of oil that is not being pumped out of Iraq right now, the oil fields are being sabotaged by the same insurgens that attack coalition forces (who are trying to settle the situation so the occupation may come to an end and the country can be profitable again). Long story short; .0007 is the lowest any currency can be valued at. Any increase at all will give you a return on your investment. It is rumored that three countries: US, KUWAIT, and GREAT BRITAIN will soon be accepting the New Iraqi Dinar on the open market. When the market opens on this currency it will be traded at a beginning cost to investors of .40 (40 cents) to the USD. If you purchased 1M Dinar, your $700 investment is now worth $400,000 USD. Do the math yourself, yes there is risk, but the potential returns are dizzying. If the Dinar goes belly-up, I will lose $1500.00 (I have purchased 2M NID), if not,as inside sources tell me, I will be able to retire bfore I am 37. The big question now is….finding out the particulars on the swiss banking system. I urge anyone who reads this to think for yourself, do your own homework and make your own decisions. There are too many lemmings in this world, and I am not going to let the cautious majority to get inside my head. You have to pay to play, the saying goes, and hindsight is 20/20. I am willing to take this chance, the question is, are you?
It is rumored that three countries: US, KUWAIT, and GREAT BRITAIN will soon be accepting the New Iraqi Dinar on the open market. When the market opens on this currency it will be traded at a beginning cost to investors of .40 (40 cents) to the USD.
is this a guess or do you know for certain?