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The New Iraqi Dinar
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[QUOTE]Originally posted by pharmdman: [QB] tic_toc, this isn't something that we're thinking will climb quickly in the near future. this is my take on it... You buy your 1mil dinar now for about $700, then you put it aside for several years. maybe 2 years, maybe 8 years. Don't know at this point. The concept is that once Iraq is self governing AND they return to their former (pre-gulf war I) status as an oil producing nation that their currency will gain value rapidly. It will probably never (at least in our lifetime) return to pre-gulf war levels, but it will probably go up to 1/4 to 1/2 of that. Don't forget, Iraq has the world's second largest oil field under foot. I hope this helps you see where we're headed with this. This isn't a get rich quick scheme, it's an add to your wealth in the long run plan. Admittedly, there are some unaccounted for variables, but there's risk in everything. This one isn't going to pop soon, that's why we're all moving slow on it. [/QB][/QUOTE]
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