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11-29-04, 02:22 PM
| #1 (permalink) |
 Join Date: Aug 2004 Location: Dallas
Posts: 529
 | Iraqi Dinar Investment www.betoniraq.com Whether you are in favor of the war in Iraq or not, here is a cheap option to possibly make some money. From the research I have done, if the elections go well and even a slight semblance of a democracy is achieved, this currency could bounce about 20-30 percent of the original value, and I DO NOT mean 20-30 return on your investment. Right now you can buy 25000 Dinar @ $40. That is the same as pre war exchange rate of $82,500. In short a $50 investment over the next 3-5 years could yield you $16,000- $20,000. This is in no way a sure thing, but i know you have a better chance than winning your $50 at vegas or on the lottery. Just an FYI, Justin If you would like more info PM me. |
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11-29-04, 02:28 PM
| #2 (permalink) |
| Was up above it.  Join Date: Aug 2001 Location: L.A., New York, Chicago, Boston, Seattle, Forney
Posts: 27,034
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I'd rather invest my money in something that will see a better return than the dinar, possibly grey rocks and potting soil.
__________________ My milk snake brings all the girls to the yard. |
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11-29-04, 02:28 PM
| #3 (permalink) | |
| Foolish Bastard  Join Date: Jul 2001 Location: Downtown
Posts: 5,321
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Then you should invest in the Euro! Quote:
__________________ True, without falsehood, certain and most true, that which is above is the same as that which is below, and that which is below is the same as that which is above, for the performance of miracles of the One Thing. And as all things are from the One, by the meditation of One, so all things have their birth from this One Thing by adaptation. | |
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11-29-04, 02:33 PM
| #4 (permalink) | |
| Join Date: Aug 2004 Location: Dallas
Posts: 529
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befrore you completely disregard it, you might want to check the research....it is so depressed the risk to return is incredible....even if you only have a 1% chance of making that huge return wouldn't it be worth $40.....my theory is what other currency can you buy that cheap of an option. not to mention $40 is a weekend drinking for some people.... Quote:
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11-29-04, 02:33 PM
| #5 (permalink) | |
| Join Date: Aug 2004 Location: Dallas
Posts: 529
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imho too late....the euro has made its primary aggressive move to the upside v. the dollar....at least in the short term Quote:
Last edited by dfwtrader; 11-29-04 at 02:40 PM. Reason: addition | |
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11-29-04, 02:38 PM
| #6 (permalink) | |
| Foolish Bastard Join Date: Jul 2001 Location: Downtown
Posts: 5,321
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Okay, there's always the Looney. Quote:
__________________ True, without falsehood, certain and most true, that which is above is the same as that which is below, and that which is below is the same as that which is above, for the performance of miracles of the One Thing. And as all things are from the One, by the meditation of One, so all things have their birth from this One Thing by adaptation. | |
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11-29-04, 03:07 PM
| #7 (permalink) | |
| Join Date: Aug 2004 Location: Dallas
Posts: 529
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correct....there is a huge risk in probabilities, but personally what is the risk of 50-100 bucks to make 10-15 grand....i mean seriously what is anyone going to do with that money, blow it..... and you are right everyone would be doing it, and from a contrarian standpoint since no one is doing it....right now is time to get in, before the competition. by the way, i am just arguing the merits of risk return, i am not selling these things or working for a comission.....i just bot 500,000 for $589..... justin Quote:
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11-29-04, 03:18 PM
| #8 (permalink) | |
| Join Date: Aug 2004 Location: Dallas
Posts: 529
| http://www.menafn.com/qn_news_story_s.asp?StoryId=16742 here is a good example of what i was referring to....now dont get me wrong i dont think i would do this with sudanese currency.....part of the analysis is based on oil production, debt forgiveness, and political stability.....none of which is available to the sudanese. Quote:
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11-29-04, 08:03 PM
| #9 (permalink) | |
| SelfRighteous Foreign Pig  Join Date: Jul 2002 Location: Internats
Posts: 14,587
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People do this alot... it's a long patient investment following specific trends... I almost invested a bunch of cash into the Rand when it was R12 to the $1... now it's at R6,50 but on the positive side, it would make a cool xmas present for family and friends...
__________________ ';[ My Office Webcam: http://beyondtheledge.com/ Quote:
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11-29-04, 08:07 PM
| #10 (permalink) |
 Join Date: Aug 2004 Location: over there
Posts: 2,015
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speaking of iraq last year I invested with a british bank doing business in Iraq so far not so good . stupied uncle getting in volved but as you know its a gamble but I scored big on the american deal 2 yrs ago. helped my sons future. but Iraq fucking uncle .
__________________ MUSIC IS A CALLING; NOT A PROFESSION!!! Depart from evil, and do good; and dwell for evermore RAISE THE BAR!!! |
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11-29-04, 08:43 PM
| #11 (permalink) | |
| Join Date: Aug 2004 Location: Dallas
Posts: 529
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yeah, i am doing that with some of it, cool 25000 dinar notes for my neices and nephews.....the fund i was in mades quite a bit on the devalued peso in the early 90s.....granted that was actually a tradable currency. in an uncertain non tradable currency i see a pretty specific longer term timeline...approx 3-5 yrs Quote:
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