Any Iraqi Dinar Speculators? - GoFuckYourself.com

Ordo · 10-14-2011, 09:46 AM

I bought 500,000 Dinar a few years ago and still nothing has happened. New studies are showing they are going to lop 3 zeros and make 1 Dinar = $1. If that happens, not much of a return on investment. Looks like even IF that were to happen it will be another couple years.

Any thoughts?

L-Pink · 10-14-2011, 09:48 AM

Very interesting gamble on your part, good luck.

.

Si · 10-14-2011, 09:52 AM

I bought a small amount, about 50,000. Looks like a waste of money which I thought at the time of buying them. Was merely a small gamble which doesn't look like paying off.

Even if they knock the 0's off, it will probably result in new notes. Which you will need to exchange your dinar for most probably. Then it will probably still be worthless.

seeandsee · 10-14-2011, 10:23 AM

how much $$$ you invested in iraq dinars?

mafia_man · 10-14-2011, 10:28 AM

Didn't XE debunk the Dinar scam?

If they're re-denominated won't you have to send your notes to Iraq? If so, good luck!

Si · 10-14-2011, 10:49 AM

Quote:

Originally Posted by mafia_man

Didn't XE debunk the Dinar scam?

If they're re-denominated won't you have to send your notes to Iraq? If so, good luck!

Pretty much what I read.

You might have 25,000 / 50,000 notes. But they will get knocked down to 25 and 50 bills.

People with the 25,000, 50,000 etc notes will have to swap them for the newer fewer 000 notes.

Meaning, you gain 0 and they are still worth the same.

They're not going to knock 3 0's off the amount and let everyone keep their larger bills making them rich overnight.

Si · 10-14-2011, 10:55 AM

The removing of 0's from the currency is the worst news any Dinar investor could have heard.

The whole point of the Dinar investment was a prediction/guesstimate that the currency would quickly gain strength and drop from about $1 being worth 4000 to a much lower number over a small period.

I.E. You buy 50,000 when it was worth about $1=4000 meaning you spent about $12.50. the exchange rate grows and gets a lot stronger you get as close to parity as possible. Even $1=100 Dinar would have been a huge profit turning your $12.50 into about $500. If got to about 10 you could be sitting on $5000 etc.

Just using 4000 as a suggestion on what the dinar is worth, haven't checked it for a while.

Can't remember the term off the top of my head. But removing 000's is bad news for Dinar buyers.

The only thing that might work is changing the notes up for the newer ones and sitting on them again and seeing where it goes.

_Richard_ · 10-14-2011, 12:59 PM

remember thinking it as a cool idea and seeing some sort of dinar devaluation

~Ray · 10-14-2011, 01:08 PM

the 250,000 I bought 6 months ago is up about $1

slapass · 01-17-2013, 09:27 PM

Just saw this in a movie.

mafia_man · 01-22-2013, 04:30 PM

http://www.forbes.com/sites/jayadkis...ar-scam-lives/

_Richard_ · 01-22-2013, 05:00 PM

Quote:

Originally Posted by mafia_man

http://www.forbes.com/sites/jayadkis...ar-scam-lives/

forbes really does have a hard on for the dinar

adendreams · 01-22-2013, 05:07 PM

Some very uneducated guesses in here about the Dinar.

Even if they knocked zeros off and made it 1 for 1 even value with the dollar - Iraq has massive wealth and even more massive potential wealth, very likely that it would zoom up quickly in relation to the Dollar.

Hint - hold on to your notes if you are lucky enough to have some

_Richard_ · 01-22-2013, 05:26 PM

Quote:

Originally Posted by adendreams

Some very uneducated guesses in here about the Dinar.

Even if they knocked zeros off and made it 1 for 1 even value with the dollar - Iraq has massive wealth and even more massive potential wealth, very likely that it would zoom up quickly in relation to the Dollar.

Hint - hold on to your notes if you are lucky enough to have some

DINAR SCAMMERZ!

lol

the rate of the dinar in 92 is reason enough to buy

mineistaken · 01-22-2013, 06:23 PM

Loping zeros usually does not mean anything, its just a symbolic thing. 1000=1, things that previously cost 1000 would cost 1 and thats about it

lagcam · 01-23-2013, 05:29 AM

Quick move them into bit-dinars.

slapass · 01-23-2013, 08:32 AM

Quote:

Originally Posted by adendreams

Some very uneducated guesses in here about the Dinar.

Even if they knocked zeros off and made it 1 for 1 even value with the dollar - Iraq has massive wealth and even more massive potential wealth, very likely that it would zoom up quickly in relation to the Dollar.

Hint - hold on to your notes if you are lucky enough to have some

You want appreciation not reevaluation. The Euro was .75 or so per dollar and moved to about 1.30 per dollar. So a US person who bought Euros and then re-bought dollars would have almost doubled his money.

Why not buy an ETF for Iraq? Oops there isn't one I could find. Ok buy Dinars.

10-14-2011, 09:46 AM	#1
Ordo Confirmed User Industry Role: Join Date: Apr 2004 Posts: 1,186	Any Iraqi Dinar Speculators? I bought 500,000 Dinar a few years ago and still nothing has happened. New studies are showing they are going to lop 3 zeros and make 1 Dinar = $1. If that happens, not much of a return on investment. Looks like even IF that were to happen it will be another couple years. Any thoughts? __________________ Savor Premium Affiliate Area Here

10-14-2011, 10:23 AM	#4
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	how much $$$ you invested in iraq dinars? __________________ BUY MY SIG - 50$/Year Contact here

10-14-2011, 10:28 AM	#5
mafia_man Confirmed User Industry Role: Join Date: Jul 2005 Location: icq#: 639544261 Posts: 1,965	Didn't XE debunk the Dinar scam? If they're re-denominated won't you have to send your notes to Iraq? If so, good luck! __________________ I'm out.

10-14-2011, 01:08 PM	#9
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	the 250,000 I bought 6 months ago is up about $1 __________________ Adult Backlinks for Adult Websites - Testimonials Available

01-22-2013, 04:30 PM	#11
mafia_man Confirmed User Industry Role: Join Date: Jul 2005 Location: icq#: 639544261 Posts: 1,965	http://www.forbes.com/sites/jayadkis...ar-scam-lives/ __________________ I'm out.

10-14-2011, 09:48 AM	#2
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,152	Very interesting gamble on your part, good luck. .

10-14-2011, 09:52 AM	#3
Si Such Fun! Industry Role: Join Date: Feb 2008 Posts: 13,900	I bought a small amount, about 50,000. Looks like a waste of money which I thought at the time of buying them. Was merely a small gamble which doesn't look like paying off. Even if they knock the 0's off, it will probably result in new notes. Which you will need to exchange your dinar for most probably. Then it will probably still be worthless.

10-14-2011, 10:55 AM	#7
Si Such Fun! Industry Role: Join Date: Feb 2008 Posts: 13,900	The removing of 0's from the currency is the worst news any Dinar investor could have heard. The whole point of the Dinar investment was a prediction/guesstimate that the currency would quickly gain strength and drop from about $1 being worth 4000 to a much lower number over a small period. I.E. You buy 50,000 when it was worth about $1=4000 meaning you spent about $12.50. the exchange rate grows and gets a lot stronger you get as close to parity as possible. Even $1=100 Dinar would have been a huge profit turning your $12.50 into about $500. If got to about 10 you could be sitting on $5000 etc. Just using 4000 as a suggestion on what the dinar is worth, haven't checked it for a while. Can't remember the term off the top of my head. But removing 000's is bad news for Dinar buyers. The only thing that might work is changing the notes up for the newer ones and sitting on them again and seeing where it goes.

10-14-2011, 12:59 PM	#8
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Vancouver Posts: 30,986	remember thinking it as a cool idea and seeing some sort of dinar devaluation

01-17-2013, 09:27 PM	#10
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,627	Just saw this in a movie.

01-22-2013, 05:07 PM	#13
adendreams Confirmed User Industry Role: Join Date: Jul 2009 Location: LA and Florida Posts: 1,887	Some very uneducated guesses in here about the Dinar. Even if they knocked zeros off and made it 1 for 1 even value with the dollar - Iraq has massive wealth and even more massive potential wealth, very likely that it would zoom up quickly in relation to the Dollar. Hint - hold on to your notes if you are lucky enough to have some __________________ Aden - Your Content Shooter Superfreak ADEN CONTENT · HD Video · Ex-GF · Am Content · Pro Content · PHP Programming · Package Deals • Skype or ICQ available on request •

01-22-2013, 06:23 PM	#15
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	Loping zeros usually does not mean anything, its just a symbolic thing. 1000=1, things that previously cost 1000 would cost 1 and thats about it

01-23-2013, 05:29 AM	#16
lagcam Confirmed User Industry Role: Join Date: Jul 2007 Posts: 2,892	Quick move them into bit-dinars. __________________ Working Cam site for sale - NOT affiliate.