By Dinar Daddy for Dinar Speculation.
It’s amazing how we continually go on and on in this investment, watching timeline after timeline fall away without so much as an explanation as to why the supposed “ROCK SOLID INTEL” was wrong… yet again.
What makes us hold on? Why do we spend so much time grasping at the illogical and confusing information about our beloved Iraqi Dinar? Am I touching on a raw nerve here? If so, I can guarantee you that you are not alone in your feelings of frustration, confusion, and desperation.
This week, we hear two of our supposed Dinar Forum Gurus going at it. One claiming an outlandish suggestion that Iraq IS INDEED holding their elections under secrecy from the world and their own press, while the other is screaming the first mentioned is UP IN THE NIGHT with his claims, and that HE is the ONLY ONE with true intel. No pun intended, but… are you serious?!
I am amazed! Really, I am… Want to hear something even funnier? The one claiming there were elections being held… WAS RIGHT! Not in the way you’re thinking mind you.
He did get intel about an election, but they were for local, non-Parliamentary elections. That is where he went wrong. How that little detail slipped by him is beyond me.
So, with that said, I am not remotely putting anyone down here, and I am coming to a point. There is so much information that can throw us off in this investment, yet we remain… glued… hoping… praying… wishing… thinking… racking our brains to come to just some level of understanding about the elusive potential RV.
Living in anticipation is rough. There is no true knowledge, only hope and faith in what is heard by a friend who is supposedly connected to those who are, and so on.
So, why do we hold on? I believe it’s as easy an explanation as this… we have a dream of a possible life that we never thought was possible for most of us to obtain that has been presented to us in such a logical and clear way of understanding. Furthermore, we have living proof hidden in history showing us precedent. We see the signs. We read the hints. We hear the rumors.
Knowing all we know about our investment, and with the above dream and logic grounding us in our faith, do we really need to look any further than what we’ve just been given, and continue to be blessed with by the Iraqi news media? Read the article below, and you decide.
For me, this is all I need to know. The rest is just fluff and speculation, and I’m sad to say it, but WRONG information being passed along by well-meaning, genuine, trusting men and women who just want this to be over. Keep the faith and read the signs…
Iraq To Be Top Oil Producer in 6-7 Years
PUKmedia 31-01-2010 12:51:56
Iraq will become the world’s largest oil-producing nation in “six or seven years”, according to oil minister Hussain Al Shahristani.
The official told Reuters that Baghdad is seeking to raise capacity to 12 million barrels per day (bpd) in that timeframe, which he believes will help the country negotiate its future oil quotas with OPEC. “We can’t find a reason to prevent Iraqi production becoming higher than any other OPEC state or even states outside OPEC,” said Al Shahristani. “We expect that to happen in the next six to seven years with co-ordination and agreement with other OPEC producers,” he said.
-arabianbusiness-
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Ok, so does this mean the RV will not happen for another 6 years???
I feel you have summed up. Faith, Prayer and a Hope..without hope you have nothing to strive for.
If I have to wait that long I will.I see it rving by the time they are pumping half that.I been in this for 5 years whats a few more right.
That would really suck but all you can do is keep the faith right.Atleast I have a plan for retirement alot more then I had 5 years ago.I see it coming shortly after the troop withdrawl.Just my feeling I am happy to be wrong.
Information is for the fundementalist, but I am a technical investor who simply understands, Buy low and Sell high. Speculate if you want but sound judgement always prevails. Look at this as a long term investment and forget about it until it starts it’s mark up phase or as you call it the revalue. Many will react swiftly and sell at that time but the smart investors will hold to keep the demand and push the currency value higher. Manipulation will occur from the smart large holders of this currency when all the public has been bought out at the bottom. This is happening at the moment so hold on and ride the smart money bus. Sell during the Distribution top
when the trend changes and good luck.
I was told that anyone holding 25K notes will have a very short time to trade them in, perhaps 30 to 90 days. If this is true, we will not be able to hold on to our dinars for the long term. I also heard that the dinar can not RV until after the election. Does anyone have the latest intel on that. We were hoping for 2/11/2010.
Scott it’s like your in my head.lol And Gary I have heard that but only as a rumor.I have not seen a link or article to back it up.
I guess everyone already hear this news about postponing the electoral campaigns. The commissions council of the Independent High Electoral Commission (IHEC) decided on Thursday to postpone the electoral campaigns of all candidates and political blocs until February 12 instead of February 7 to give the federal court the opportunity to answer the IHEC’s questions. Well, if the date for the electoral campaigns postpone until Feb 12, then my qestion is ” is there a possibility that the election date will be postponed until March 12 ( one month from the first day electoral campaigns )all of sudden? I am happy to be wrong. But anyone has different perspective about this….
God reveal to me there will be $ 3 per 1 dinar in one day you believe or not.
IRAQ BUSINESS FORECAST 2010: Iraq’s economic progress depends, above all, on raising oil production levels over the coming years. As such, the recent deals that the government has struck with a number of international oil companies for the development of some of Iraq’s largest oil fields are therefore highly significant. The deals also bode well for Iraq’s second oil licensing round in December 2009, where the government plans to auction off 10 oilfields. We see real GDP growth averaging 5.6% over the five-year forecast period out to 2014. On the political front, January 2010’s parliamentary elections are another milestone for post-Saddam Iraq. We see the splits that have emerged in the main Sunni and Shi’a political groupings, and the fact that political parties are increasingly prepared to make alliances across sectarian divides, as positive indicators for future stability. The devastating bombings that hit Baghdad in October could hurt Prime Minister Nouri al-Maliki’s support ahead of January’s polls. This could open the door for the main rival to Maliki’s State of Law coalition, the predominately Shi’a National Iraqi Alliance, to achieve electoral success. However, no one coalition is likely to wield overarching power after the elections. This, in conjunction with greater Sunni voter participation, could enhance political stability as lawmakers are forced to compromise to achieve results. An unfortunate by-product is that the legislative process is likely to remain sluggish, and the prospects for the quick passage of the long-delayed hydrocarbon law are dim. The recent oil deals and our expectations for more to follow over the coming quarters support our relatively positive growth outlook over the next five years. So too has our improved outlook for the price of oil. Having revised our oil price forecasts upwards, we now see the government’s fiscal position as far more sustainable.
(( We do still forecast fiscal shortfalls out to 2014, but they should be manageable. Supported by healthy current account surpluses, we expect the central bank to hold the dinar steady at around IQD1,170/US$ over the next five years.))
The improvements in the security situation mean that Iraq is now an increasingly viable investment destination, and Baghdad is keen to welcome in foreign businesses. However, investors must be prepared for a myriad of challenges, including endemic corruption, poor infrastructure, an unsophisticated financial services sector and Iraq’s cumbersome bureaucracy. Nonetheless, Iraq is luring greater numbers of foreign companies, and not just into the oil sector. For example, parliament recently approved an amendment to the country’s investment law, allowing foreigners to own land for the purposes of housing projects. This change in legislation will improve the attractiveness of the Iraqi market for overseas property developers. Please see at http://www.companiesandmarkets.com/s…010-195614.asp I know this post was already happened last year 2009 and I feel unhappy about this news. I hope I don’t make everyone unhappy too. I hope this article isn’t right and I am happy to be wrong. Any comment everyone….