Buying Iraqi Dinar good idea?
12-08-2009, 10:26 PM
#11
It's just like investing in stocks man. If people say a stock is going to increase, there's just as likely a chance it will also decrease. Stock prices reflect all known current information and the price even takes into account some speculation and insider trading. No one knows a stock is going to go up and you can't beat the market unless you discover some form of arbitrage(riskless profit)
Currency, commodities, futures, etc. It's all just glorified gambling.
Currency, commodities, futures, etc. It's all just glorified gambling.
12-09-2009, 01:08 AM
#12
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Do you really think that will happen? Honestly? Do you know how much 'wealth' that would instantly create? Not going to happen. You haven't done your research. The Iraqi Dinar isn't even openly traded so you have to buy it from eBay, etc. If you are buying the Saddam Iraqi Dinar, you are buying toilet paper as it is now worthless.
Alas, everyone gets these get rich scheme's in their heads and usually wastes a good chunk of change. Over night success usually takes about 15 years anyway.
Alas, everyone gets these get rich scheme's in their heads and usually wastes a good chunk of change. Over night success usually takes about 15 years anyway.
12-09-2009, 01:09 AM
#13
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It's just like investing in stocks man. If people say a stock is going to increase, there's just as likely a chance it will also decrease. Stock prices reflect all known current information and the price even takes into account some speculation and insider trading. No one knows a stock is going to go up and you can't beat the market unless you discover some form of arbitrage(riskless profit)
Currency, commodities, futures, etc. It's all just glorified gambling.
Currency, commodities, futures, etc. It's all just glorified gambling.
12-09-2009, 01:14 AM
#14
There's a small theory that if you invest early and enough people also begin investing, it would drive the price up(this would have to be a huge number). However, if you get in too late(mostly people like you who "heard" about it) the price is likely to correct itself and the price will go down further.
It's kind of a Ponzi scheme in a sense.
12-10-2009, 11:45 PM
#16
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i have already tried to buy a few thousand in U.S. for dinars.
at that time it would have been 70000 to every 1000.
i was told the iraq banks would not release to over seas, they would not sell to us soliders in iraq, and that their money was sealed. till the iraq goverment was in full control of their own country.
any firm that offered or is offering iraq dinars for us dollars need to be looked in to or stay away from.
at that time it would have been 70000 to every 1000.
i was told the iraq banks would not release to over seas, they would not sell to us soliders in iraq, and that their money was sealed. till the iraq goverment was in full control of their own country.
any firm that offered or is offering iraq dinars for us dollars need to be looked in to or stay away from.
12-11-2009, 01:16 AM
#18
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i have already tried to buy a few thousand in U.S. for dinars.
at that time it would have been 70000 to every 1000.
i was told the iraq banks would not release to over seas, they would not sell to us soliders in iraq, and that their money was sealed. till the iraq goverment was in full control of their own country.
any firm that offered or is offering iraq dinars for us dollars need to be looked in to or stay away from.
at that time it would have been 70000 to every 1000.
i was told the iraq banks would not release to over seas, they would not sell to us soliders in iraq, and that their money was sealed. till the iraq goverment was in full control of their own country.
any firm that offered or is offering iraq dinars for us dollars need to be looked in to or stay away from.
12-11-2009, 02:06 AM
#19
12-11-2009, 02:15 AM
#20
Did you happen to buy around march 9th of this year or close to it? I should have chosen my words better in saying they weren't doing very well, but they aren't doing anything special compared to the rest of the market. Nearly every stock has had a solid increase since the low point in March.