The Iraqi Dinar Speculation!

ohioboy2 said: "Hello I keep hearing all these rumors about the Iraqi Dinar. I've looked the Dinar up on Ebay and am thinking about buying a million of them for around 900 bucks. Numbers show that if it raises a penny then I would be up 10K. 10 cents 100k and so on.. They are establishing their government and produce a vast amount of the worlds oil. They also recently opened their own stock market which currently has only about 6 firms but within the next 6 weeks it is said that over 100 more companies will list on it. Good investment or Bad investment?"

HappyHarry said: "It's just really tough to predict what's going to happen in Iraq."

Jebus said: "Probably boom or bust and a very long term move."

CutandWaste said: "Somehow, I think there would be quite a bit of investors who hop on it and then bail out later leading to huge influctations in prices."

HappyHarry said: "[QUOTE=CutandWaste]Somehow, I think there would be quite a bit of investors who hop on it and then bail out later leading to huge influctations in prices.[/QUOTE] Theory makes sense to me. You need get out before the boom ends."

CutandWaste said: "Honestly, since I'm new to all of this, even the tempatation seems huge to me. Afterall, since they've had such a rough state lately, only place to move is up...? Then again, it could always get worse."

HappyHarry said: "[QUOTE=CutandWaste]Honestly, since I'm new to all of this, even the tempatation seems huge to me. Afterall, since they've had such a rough state lately, only place to move is up...? Then again, it could always get worse.[/QUOTE] The main thing, I think, would be how long do you plan on holding for? If you could wait years, you would probably get a huge return."

CutandWaste said: "I don't think I could hold it for years. It does seem like long long years to come at the rate that everything is currently sorting themselves out. Who knows? Maybe in a few years I'll be pissed that I didn't invest earlier."

google said: "I would suggest you not to go into highly volatile currencies like this one. Better go for conventional ones where you can study the patterns and then make your move.."

HappyHarry said: "[QUOTE=CutandWaste]I don't think I could hold it for years. It does seem like long long years to come at the rate that everything is currently sorting themselves out. Who knows? Maybe in a few years I'll be pissed that I didn't invest earlier.[/QUOTE] Uncertainty will be going on for at least a few years."

pennyjunkie said: "I've been into the dinar for approx. a year now. Lots of good things are happening wether the news says so or not. I personally have 1.6 million dinars stashed away. No big expectations here though. I figure for couple thousand bucks, why not? The last 3-4 months have been monumental in the Iraqi peace process with the constitution being passed and the government seated (even though it was just a brief formality). Since the parliment was seated the 60 day time clock now is ticking for them to elect a complete government. Other sites hype up a "revalue" of the currency once the government starts making laws, but I would be happy with just seeing it officially on the world forex. I completely agree that the dinar investment is a huge risk with probably a 90% chance nothing will happen, but who knows???"

mar31977 said: "I own 8.8 mil. I could afford to loose that much. I would rather be the guy who said I lost 6k then the guy who says I missed out on 8.8 mil ....hell 10 cents on the dollar I would be happy."

pennyjunkie said: "[QUOTE=mar31977]I own 8.8 mil. I could afford to loose that much. I would rather be the guy who said I lost 6k then the guy who says I missed out on 8.8 mil ....hell 10 cents on the dollar I would be happy.[/QUOTE] Do you hold your investment in physical dinars or in an Iraqi account? I buy a little at a time everytime I get a bonus at work."

mar31977 said: "I hold them physically. BUT, I am thinking of holding them in jordanian or Kuwaiti account. Good luck on our investment. :D"

pennyjunkie said: "[QUOTE=mar31977]I hold them physically. BUT, I am thinking of holding them in jordanian or Kuwaiti account. Good luck on our investment. :D[/QUOTE] I actually check out that forum quite a bit. I've never bought through them though. I'm in Canada and have a very reliable dealer that I can buy small amounts without a huge markup. Like I said, great for when I get a little bonus at work. Everyone seems to be using Al-waarka bank on the forum you mentioned to hold dinars in Iraq. I'm not sure if I like my money away from me that far. Kinda reminds me of the show "Blow" where the guy leaves his millions in an offshore account and comes back to no money because of a change in government :( Good luck to you too, and if I hear any juicey info I'll post it on this thread."

mar31977 said: "Never leave it in an Iraqi account, screw them. Jordan or Kuwait."

DINARCRAZY said: "i dont trust any of them. i can only trust them to do the same thing they have always done... but someday i think things will be good. look at the UAE. i would say a safety deposit box is best. be it in a bank in the EU or the US... ANY CIVILIZED country basically."

pennyjunkie said: "The only good thing about holding dinars in an account in Iraq is that you MAY be protected from a complete currency re-print. At this moment in time I just don't see that happening. Too much on their plate right now. They might add lower denoms, but not a complete re-print. You also gain interest in a bank, but for peace of mind I can deal with no interest. I personally like my dinars in my safe, right under my dirty socks and underwear. If they gotta go there to steal it, they need it worse than me!"

AFaboveall said: "I still own physical Iraqi Dinars and have owned them for a couple of years now. I've been watching them slowly go up this year, and hoping to see them soon bought a sold at U.S. Banks. I knew it was a long term thing when I bought them but I'm not so entrenched that I would lose my rearend if they don't go anywhere. GLTA! Cheers!"