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cheeple
Penny Sorter Member
USA
67 Posts |
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 07/24/2006 : 09:42:01
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I have heard briefly elsewhere of this dinar issue; is there more information online about this possibility with more facts?
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“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 07/26/2006 : 19:38:57
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I have seen ads in my local (small town) paper trying to sell the idea of investing in the Dinar. I understand that the Dinar is not traded on any exchange at this time. IMO a guy could make money on it, but I'm not willing to take that gamble.
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If you can conceive it and believe it, you can achieve it. -Napoleon Hill |
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realcent
Forum Admin
USA
246 Posts |
Posted - 07/26/2006 : 19:59:32
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I have heard about this on other forums, but don't know enough about it to make an intelligent reply.
From what I do know there is a chance of earning a profit, but there is also considerable risk, just like anything else of this nature. After all, the dinar is printed on paper just like the dollar. And the value of paper money has always been and will always be subject to the whims of TPTB.
That being said I wouldn't mind learing more about the subject, so Cheeple, (or anyone else) if you have or find some good information about this please post it for us.
Doug
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 07/26/2006 : 22:16:38
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Just remember that only the Amercian Dollar is backed by oil, and even then only tangentially (because you can only buy oil at 2 exchanges (london, new york) and they only accept dollars) so the Iraqi dinar is not in any way directly tied to the price or scarcity of oil. Also, it seems to me that the current state of civil war there indicates that their economy is not going to be becoming a real powerhouse anytime soon. Also, as was already pointed out, fiat money is worth nothing more than the paper it's printed on.
Fair notice disclaimer - I do own some mint condition pre-invasion Sadam dinars, because they might actually be worth something in the future, as most of them were destroyed following the invasion. |
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A currency the President Wants you to Invest in.
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