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Author Topic: The New Iraqi Dinar
JBCak47
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Very well said. Hey congrats on the remodling.

I just have high hopes for Qbid and cmkx

Why was I thinking you were in Chicago?!?!? huh?!?! Florida! What part? I have some holy roller family in Daytona/Deland area... lol...

I am not looking for a new car. Just some real time off for the summer... Well just another two hours left before the office day ends. I am at work, lol, with all day access to a computer. That is why I always seem to be on. I do have a life,lol.

-John


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pharmdman
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JB, I'm in Tampa. Just outside the city actually.

chicago, huh? I could live there... it's definitely more metropolitan than Tampa. Actually, it doesn't take much to be more metropolitan than Tampa. I'd like to hit some big money so I could make the jump to Southern California. I love San Diego... I could live in San Fran too... ya' know, it's like my mother ship! LOL..

I always seem to be on too. That's because I have no life and I'm actually just sitting on my a$$ in front of my computer!


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JBCak47
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Don't ever under estimate the power of laziness as well as gluttony (sp?)...

Seriously though, San Fran would be sweet. However I opt more for something like Neveada or more likely Ariozona/New Mexico. You need to visit Santa Fe. You'd love it there. Very friendly area too...

-John


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pharmdman
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JB, I agree, the southwest is sweet, but I'd rather vacation there than live there. Was in San Fran last Oct/Nov and freakin' loved it. I'd have moved immediately if the cost of housing wasn't ridiculous. I don't want to go backward in quality of life at this point. I need to either hit the lottery, hit the stocks, or have the real estate market here shoot up. So far #2 and #3 may be happening... I'm just keeping my fingers crossed!
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JBCak47
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Lol, well maybe #2 will happen sooner than any of us think... Let us hope.

Do you have any other good picks below .001 ???

I have turned on many people that I know onto Qbid. Infact A long time friend bought 17k shares of it Friday. He's my age and just opened his trading/brokerage. He's all esstatic about getting into stocks. He also owns 25k shares of CMKX, but he wants to get more. He's like me, a little short on change. But he loves the idea that 60/70 dollars will get him 100k more shares... He wants at least 75k more. I told him if it does pop, he can then use that money to trade with, once taking out his money that he started with. He loved this idea,lol.

I think I am going to talk to the Ice Cream/Pharmacy girl next time I see her and ask if she has ever invested. Choicetrade requires no minimum balance to open an account, so hence for us college kids, fifty dollars is all that is needed! Besides, I love having an account now and being able to trade. I know she would be interested in it because all my friends signed up for accounts. Their biggest reason for NEVER doing this was that they didn't know what to do, where to go, what stocks to pick. They just needed a push in the right direction. lol. Has this happened to you? They heard my qbid shot up and everyone jumped on board, between .019 (lol my g/f, yikes?!?) to .012 funny enough they are all straight, but many have Gay friends or relitives...

If qbid goes broke, lol, I am dead as 30 people will be after me... lol...

-John


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pharmdman
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JB, I don't have anything else under .001 right now. Mostly because I've been scarce last week and because I'm out of funds unless I cash in QBID, CMKX, or TFCT. They're the only things I'm in right now.

I know what you mean about getting people on board. I keep getting sh\t at work because I told everyone about the 3 I have, and they harrass me every day that I'm not retired. They think they're being funny, and I hope one day I can go in and rub sh\t on their noses! LMAO.


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pharmdman
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bump
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AlphaMale
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I picked up some more yesterday...
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AlphaMale
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Bump
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pharmdman
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Just a bump to the top, but still waiting to hear from more banks. I re-sent my emails, but still have not received any new responses.

I just might have to suck it up and grab mine from ebay. $875 for 1 million is still not bad considering the appreciation we're expecting.


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JBCak47
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Yeah also in 1000 notes... Lol, I like the whole James Bond feel of having a small bag full of Iraqi currency...lol...

Woe until cmkx hits! woe!

-John


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The ONE
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Hello All,
This is my first post on allstocks although I been taking in all the knowledge for about three weeks now. I am definitely interested in the Iraqi dinar. First, has anyone brought any dinar from www.dinar-world.com. There selling a 500,000 for $587. Wanted to know if I could trust them. Secondly, once we get this dinar in our hand how do we verify it authentic. Can banks in America verify this for me?

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pharmdman
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quote:
Originally posted by The ONE:
Hello All,
This is my first post on allstocks although I been taking in all the knowledge for about three weeks now. I am definitely interested in the Iraqi dinar. First, has anyone brought any dinar from www.dinar-world.com. There selling a 500,000 for $587. Wanted to know if I could trust them. Secondly, once we get this dinar in our hand how do we verify it authentic. Can banks in America verify this for me?

You'd get a better price on ebay for sure... around $875 for 1 million dinar... and i'm not sure how to verify authenticity. I'm not sure a bank here could verify.


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JBCak47
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There are more security features in the NID (New Iraqi Dinar) then in OUR MONEY!!!

Something like 20+ security features:

UV Ink,
many watermarks
Threads
UV Water marks,
small print,
encoding,

Apprently they assume this will be around for a while... I would say get a UV LIght and check out the marks on them.

Ebay is a better place, 1000, 1000 dinar notes for $900 That one ebay power seller in Jordan has a 99.9% rating, and if he doesn't send it, you can take it up with Ebay.

Even if you buy only 250k dinars,

if it goes to :

.01 = $2.5k
.02 = $5k
.03 = $7.5k
.05 = $12.5k
.10 = $25k

Before the second invasion, the old dinar was 1 dinar = .30 american

What happens when the oil starts to flow?

If we are buying Iraqi Dinars we may look at Libya next, as if they take greater strides in 'righting' their wrongs (if they ever could) the US may get access to their Oil and Natural Gas Reserves. Their money would in turn go up. Anyone know what a libyan dollar is trading at against ours?

-John


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The ONE
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Thanks for the info. I will check out ebay. I found this currency converter that has all the worlds currency. (http://www.xe.com/ucc/) . It looks like the dinar is already up a little with today’s change over of power. Its at .00068 USD and the libya dollar is at .07469 USD according to xe.com
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Smctbone
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quote:
Originally posted by The ONE:
Thanks for the info. I will check out ebay. I found this currency converter that has all the worlds currency. (http://www.xe.com/ucc/) . It looks like the dinar is already up a little with today’s change over of power. Its at .00068 USD and the libya dollar is at .07469 USD according to xe.com

Looks the dinar has actually decreased in value since a couple weeks ago...
was at 1USD=1455 now 1USD = 1466


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JBCak47
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I imagine if things are a little unstable the value will go down some.

CMKX PLEASE HIT!!!!

Im seriously thinking of when cmkx hits, and I have my cool x million dinars, just to jump this place and take my money and live like a king in Iraq,lol... My girl friend wouldnt be too keen with that but hey, I am sure those Iraqi girls are cute, minus any burka's. Besides, a blue eyed American in Babylon, what could POSSIBLY go wrong...

-John


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bauer
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Handover of Iraqi power was done today. Two days in advance.
www.cnn.com

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Smctbone
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1 USD = 1468.38 IQD
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pharmdman
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dinar holding strong @ $1=1,459.60IQD... good sign considering all that's happened this week!
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bauer
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Still waiting for mine in the mail. Glad to see its value is getting better.
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stock_82
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I really want to do this, but to be honest I think Iraq will only stable and successful if Bush is reelected. I don't mean to bring politics into this, but politics are a big part of this investment. Kerry has said that the war was a mistake and Bush would just ensure the success of Iraq because he started it, while Kerry might not be so concerned....other opinions??
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JBCak47
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You make a really interesting point. I mean, if I buy into this, it will be my first foreign currency attempt. I see what you mean when you refer to Bush's election. I mean right now the Dinar is availible for between .0007 (or so) to .0012, depending upon source. It can fall down but in all reality it has greater chance of going up. Their money will be backed by Oil. Now how the re-election goes will play into this...

I still think this is a bargain... The Iraqi Government is in no shape to re-do the currency, at least any time soon. But what do I know?

-John


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The ONE
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I think we are past the point of no return in Iraq. Even if Kerry is elected it would be senseless to pull out now. This is a major strategic foothold in the Middle East that not even Kerry will be willing to give up. Look how close we are to Saudi Arabia. I see the same happening with Iraq. It all hinges on how steadfast the new Iraqi government is. They need our support until they can stand on their feet. Of course this is just one man's opinion. We shall see.

[This message has been edited by The ONE (edited July 01, 2004).]


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donb
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quote:
Originally posted by stock_82:
I really want to do this, but to be honest I think Iraq will only stable and successful if Bush is reelected. I don't mean to bring politics into this, but politics are a big part of this investment. Kerry has said that the war was a mistake and Bush would just ensure the success of Iraq because he started it, while Kerry might not be so concerned....other opinions??


Keey has said that it was a mistake, but he also said that what's done is done. We are already there, and he doesn't intent to pull out. He will give whatever support is needed toward the effort.


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salvia123
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bauer..where did u buy???
does ebay actually ship the currency directly to u????

this is sooooo interesting, i cant pass it up but i want to be sure i get legit currency

has anyone actually purchased and received currency??? and from where

t


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pharmdman
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quote:
Originally posted by donb:

Keey has said that it was a mistake, but he also said that what's done is done. We are already there, and he doesn't intent to pull out. He will give whatever support is needed toward the effort.

Exactly... Kerry has been quoted on this. It would look awfully bad for the US to 'abandon' what it has started.


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stock_82
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quote:
Originally posted by The ONE:
I think we are past the point of no return in Iraq. Even if Kerry is elected it would be senseless to pull out now. This is a major strategic foothold in the Middle East that not even Kerry will be willing to give up. Look how close we are to Saudi Arabia. I see the same happening with Iraq. It all hinges on how steadfast the new Iraqi government is. They need our support until they can stand on their feet. Of course this is just one man's opinion. We shall see.

[This message has been edited by The ONE (edited July 01, 2004).]



I don't think Kerry will pull out right away...I'm saying when the US pulls out for good, if something happens like Iraq starts to fall again, Bush would go back in and take control again, while Kerry would probably go to the UN and NATO for approval. I'm not trying to fortune tell. My bottom line is I think the future of Iraq and the dinar depends alot on our next president, but that's just my opinion.


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salvia123
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HAS ANYONE ACTUALLY BOUGHT THE CURRENCY???

speculate this, speculate that....this is a great investment short and long term, but does anyone actually own the currency and where did u get it?


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pharmdman
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quote:
Originally posted by salvia123:
HAS ANYONE ACTUALLY BOUGHT THE CURRENCY???

speculate this, speculate that....this is a great investment short and long term, but does anyone actually own the currency and where did u get it?


there are a few folks on here that have purchased already.... some from ebay and some from www.buydinar.com ... others have friends or relatives in the military that are bringing home dinar from Iraq... I have been waiting to hear from some Iraqi banks, but I think that (with one exception) these area dead end.

I plan to buy before the end of this month...


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JBCak47
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Pharm, my man. You are THE MAN! Why? Because I say so. Anyone that can dig a watering hole on a farm is good enough for me! lol...

What a week I have been having. I saw over 4k get cut off qbid in the previous two days... I just laugh at it now. Not qbid, me losing... Its better then Vegas and the craps or slots...

I talk to my girl friend and said 'yeah I saw 4 grand evoprate.' She got all bent out of shape and upset. I was like 'calm down', things will bounce back, she quickly turned to another subject. Lol, ohh well, the Moo-hair's hate talking about stock stuff, at least my woman. hehe... This is all a game until I go to cash out, then it matters.hehe..

Pharm this has been a crazy week... Qbid, cmkx, my woman...

Cmkx has to hit for me to be able to get these Dinars. But when it does watch out! I am seriously thinking maybe to get more than three million, provided I have my own 'dinars' lol...

As compared to lybia, they are at one libyan=.07 american hell if Iraq's dinar went to .07 a million dinars would be worth 70k dollars... 210k if you had a cool 3 million...

Now do we have to pay taxes on this? How does it work? What if I went to the exchange a lot of times with under 7 or 8 grand at a time?

-John


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tiredofbeingpoor
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quote:
Originally posted by salvia123:
HAS ANYONE ACTUALLY BOUGHT THE CURRENCY???

speculate this, speculate that....this is a great investment short and long term, but does anyone actually own the currency and where did u get it?


I do have some and a friend has some. My only concern is where we will be able to trade them in. As I understand it from my research, the only place to do this right now is in Iraq. Hopefully, some US banks will begin converting it since the Iraqi government is back in "power".


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pharmdman
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quote:
Originally posted by tiredofbeingpoor:
I do have some and a friend has some. My only concern is where we will be able to trade them in. As I understand it from my research, the only place to do this right now is in Iraq. Hopefully, some US banks will begin converting it since the Iraqi government is back in "power".

by the time those IQD are worth trading in, the dinar will (should) be back on the major currency exchanges... they'd have to be holding their own as a trading nation for their money to be worth anything... JMHO though


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tiredofbeingpoor
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quote:
Originally posted by pharmdman:
by the time those IQD are worth trading in, the dinar will (should) be back on the major currency exchanges... they'd have to be holding their own as a trading nation for their money to be worth anything... JMHO though

My opinion also.


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salvia123
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i agree...small amount of financial risk for potentially large payoff!!!!

im still in at the end of the month when i have the necessary funds

t


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