Comments on: I received a fantastic email this morning

By: Prosperity

Prosperity — Sun, 21 Mar 2010 22:07:14 +0000

Thanks to Steve and Paul, I am learning too. Appreciate the clarity, this helps.

By: Pac

Pac — Fri, 19 Mar 2010 13:37:29 +0000

Jimmy

To answer your question jimmy I have seen currencies rally 2000 pips in 2 months. example just last year in december 2009 the EUR/USD (the MOST traded currency pair fell over 1000 pips (pips means point or dollars ) in two months from 1.5510 to 1.3545 now in march. Thats a very short time with a lot of volatility. My guess the Iraqi Dinar will be extremely over bought, and will spike, then retrace in order to correct. Then trend upward.

By: Pac

Pac — Fri, 19 Mar 2010 13:24:19 +0000

I trade in the Forex currency market almost everyday, and once the Iraqi Dinar is put in, and if it has a high yielding interest rate it will do good against the USD (dollar) and the japan JPY (yen) and other basket of currencies. bottom line is once its there in the market thats when you’ll see your greatest return in your dinar.

By: Paul

Paul — Thu, 18 Mar 2010 22:26:37 +0000

Steve,
the IMF sent auditors into Iraq. They look at all resources: oil, natural gas, gold, etc. They also look at oil company contracts that have recently been renewed as well as other industry that is interested in conducting business there. By the way there are many who want to do business there, and many are already there. They then come up with a value of present and future earnings as a whole. The IQD is extremely undervalued and has to be revalued in order for Iraq to conduct business and get on with the rebuilding of their country. the IMF wouldn’t be wasting their time if there was no value and their loan could not be repaid. They are simply plugging the dinar back in the system where it is balanced with the economic potential of the country. Iraq is predicted to be one of the largest exporters of oil in the world. Equal and possibly greater than Saudi and Kuwait. So don’t worry about where the money will come from, believe me it’s there. The US, China, and Germany are the largest holders of dinar and they have agreed to return the currency back to Iraq in increments as to not cause an inflation. Wherever you by your dinar that country will pay you for them. They or brokers then trade them or sell back to iraq at some incremented time as discussed above. Believe me they don’t mind waiting , they make money when the sell it to you and then again when they return it. The US will exchange it back to buy oil at a discounted rate. The whole thing is set up where everyone wins or it would fall and apart and never happen. That is why it take so much time and coordination until it happens. But don’t worry, it is going to happen. Once they signed agreement with the IMF and took the first dollar, there was no looking back. So be patient and when it looks like the news is bad and they say it won’t be rving, thats when it will.

By: Steve

Steve — Thu, 18 Mar 2010 15:59:13 +0000

Adam I just got in and on this site and it is all exciting to listen too the pros and cons. I can’t understand how the exchange can happen like they are predicting? If they are broke now and the Dinar re-evaluates where does all the money come from to pay us? If for instance it goes to a dollar my 2 million Dinar becomes 2 million US money? I don’t get it.

By: Jimmy

Jimmy — Thu, 18 Mar 2010 03:30:40 +0000

In your opinion, based on other currencies, what is the time frame from opening revalue to settling?

By: Paul

Paul — Thu, 18 Mar 2010 01:28:57 +0000

Confirmation today on the agreement signed with the IMF. I saw a copy of the documents from the IMF and it showed Iraq and the amount that was loaned and the date it was signed along with the percentage of budgeted funds that were already received by Iraq. March 8th 2010 was the date and it was stated that the first payment had to be within 60 days. so may 8th looks like a possible date. This seems like a reasonable date, with all that is going on. Spoke with a friend who was in Iraq in the marines and he said you would not believe the amount of construction going on. The dinar has to rv soon. I think the question now is at what amount. Understand when it goes on the forex it may open low, fluctuate some and then settle on an amount that is balanced with the present and future value of their economy.

By: Jimmy

Jimmy — Wed, 17 Mar 2010 19:37:49 +0000

Paul,

thank you for that news…that is probably the most factual based speculation I’ve heard. It reminds me why I invested in the currency. I don’t mean to be negative, but I don’t like hearing,”oh, I just talked to my insider and he said there will be a possibe rate change by sunday” I mean, that is just rediculous. I do believe the Dinar will revalue, just like you, just not as soon….and you’re right, it will happen when no one expects it.

PS. I had no idea about the railway….makes it even more interesting.

By: Paul

Paul — Wed, 17 Mar 2010 02:23:42 +0000

Jimmy,

They can’t afford to wait 2 years. They have signed agreements with the IMF, the
World Bank, not to mention the Oil co’s. I don’t think they are going to wait around for another year or 2. Iraq has to have a revalued currency because at the value now they can do business with these guys. The audits that were done have proven that the IRQ is way undervalued and has to rv. Otherwise the IMF,World Bank, and oil co’s just to name a few wouldn’t be wasting there time or money. No way they can afford to wait that long and no way the US would pull soldiers out at such a critical time for the future of the Iraqi people.
Also, have you not heard about the new port and the railway system they are presently taking bids for. they can’t do these things and rebuild an entire country with the dinar at it’s present value. Just doesn’t work. No one would even consider doing business there.
So for those of you who are excited about you investment; hang on, because things are happening sooner than most think.
Remember what I’m saying. When the info is most negative and when they act like there is no way the dinar is going to rv, that’s when it will.

By: Cherysh

Cherysh — Tue, 16 Mar 2010 22:06:33 +0000

Well I would think that no one is right in this. I dont think I have ever heard Adam tell of a revalue, and ALWAYS warns of speculation. I think no is can any better tell of a revalue as they could say that it AT LEAST a year or 2 away… You dont know that, I dont know that, Joe Happy dont know that. It happens when it happens, Im not sitting waiting for insider info, which is one of the reasons I like this site and DinarVets, we go into it know its all speculation, but it keeps us excited and intested in our investment.