Iraqi Dinar

Discussion in 'Assets and Investment' started by Ferret of Doom, Nov 19, 2011.

Iraqi Dinar
  1. Unread #1 - Nov 19, 2011 at 7:01 PM
  2. Ferret of Doom
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    Iraqi Dinar

    There is a lot of speculation over Iraq's currency and if it will rise or not.

    They could always adopt a new one.

    What do you think will happen?

    Here is a good article explaining http://www.bestwaytoinvest.com/display/6981
     
  3. Unread #2 - Nov 19, 2011 at 7:49 PM
  4. Pockets
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    Iraqi Dinar

    I think that article is right on spot. I'd strongly recommend avoid investing in the Dinar.
     
  5. Unread #3 - Nov 19, 2011 at 8:03 PM
  6. Ferret of Doom
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    Iraqi Dinar

    My boss invested around $4,000 in Iraqi Dinar and he says if it appreciates or "hits" like some people speculate it will, he will be a multi-millionare.

    This is the site that he consistently looks at:
    http://www.dinarguru.com/dinar-guru-predicts.html

    Looks like a load of crap to me.
     
  7. Unread #4 - Nov 19, 2011 at 8:09 PM
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    Iraqi Dinar

    Isn't the dinar a closed currency controlled by the government? Or is the Iraqi Dinar different in that sense from Libyan and Tunisian
     
  9. Unread #5 - Nov 19, 2011 at 8:28 PM
  10. Ferret of Doom
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    Iraqi Dinar

    The Dinar is a free trade currency.
    You can buy it just as easily as buying a Euro.
     
  11. Unread #6 - Nov 20, 2011 at 12:59 AM
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    Iraqi Dinar

    I know a guy set to make up to 50 million if it revalues....
     
  13. Unread #7 - Nov 20, 2011 at 12:17 PM
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    Iraqi Dinar

    Don't think that's particularly likely right now. Massive inflation or deflation would kill all demand for the currency and if you don't cash out in the small window where there are still buyers but not too many sellers you will mabye come out with 2-300% revenue, but not 50mil and the risk factor here is massive.
     
  15. Unread #8 - Nov 20, 2011 at 8:44 PM
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    Iraqi Dinar

    I don't know if I'm missing something (maybe I'm just really tired right now) but how can you possibly make money dealing with currency trading? When one currency grows weaker and weaker, wouldn't the country the currency is from adjust due to that currency's change?
     
  17. Unread #9 - Nov 20, 2011 at 9:03 PM
  18. Emperor Nero
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    Iraqi Dinar

    It's just like (These are not real prices):

    You buy 500 dinar at 1 cent US ea.

    Dinar sees a crazy 500% increase so that it is worth 5 cents US.

    You sell for a 500% return on investment which means you make 20 bucks profit.


    It is just like investing in anything else. Currencies are independent from each other, which means currency A can be worth so much of currency C.
    Correct me if I am wrong.
     
  19. Unread #10 - Nov 20, 2011 at 9:29 PM
  20. Noam
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    Iraqi Dinar

    ^^This. I made a good 20% revenue trading the ILS and USD over the past couple of years, (though I kinda had to, because we were moving alot recently) OFC, I'm not that rich, so I barely made anything.
     
  21. Unread #11 - Nov 20, 2011 at 11:47 PM
  22. Rohail
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    Iraqi Dinar

    Thank you very much Nero. How much do you suppose is good starting capital to invest? Also, is this what forex trading is? Any good websites?
     
  23. Unread #12 - Dec 24, 2011 at 2:51 PM
  24. Kenpen
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    Iraqi Dinar

    OTish , But to start forex trading i suggest you download a demo forex bot ^ And making money really requires 6 - 24 months forex training
     
  25. Unread #13 - Dec 26, 2011 at 4:40 AM
  26. MoneyMotto
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    Iraqi Dinar

    OP is banned, I suggest closing this thread.
     
  27. Unread #14 - Dec 26, 2011 at 1:35 PM
  28. Reckimo
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    Iraqi Dinar

    I think the Iraqi Dinar is going to go up a shit load if you ask me.
     
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