Investing in the Iraqi Dinar, $$$ |
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Investing in the Iraqi Dinar, $$$ |
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![]() ^_^ ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Staff Alumni Posts: 8,141 Joined: Jan 2005 Member No: 91,466 ![]() |
[This will probably get moved to debate depending on the feedback, but for visibility purposes, I'll start this in The Lounge]
Saddam is no longer around, and even though this wretched country might be in shambles, things are going to pick up in the immediate future, and it's a foreseeable guarantee. Why? For starters, Marines in the Al-Anbar province are leaving their respective bases and control is being returned to the iraqi military. Here in Baghdad, Victory Base Camp, which houses American and Foreign forces, on a prime piece of real estate (Al-Faw Palace, Baghdad Int'l Airport, etc), is all being returned to the country. What does that mean for Iraq and their currency? With their currency currently worth $0.0009 cents, it wouldn't take much of an investment to turn fractions of pennies into hundreds of thousands of dollars, or millions, depending on your investment. Take the Gulf War as a prime example; prior to the war, the Dinar was worth (as set by Saddamn) $3.30 per dollar. At that rate, invest US $1000. With the dinar currently down, 1150 Dinar would equal US $1. After the turnover, with the possibility of the rate increasing back to $3.30, you could walk away with nearly $3.8 million dollars. Where would this money come from to be able to maintain such economic stability? Oil, bitches. |
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#2
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![]() The Resident Drunk ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Head Staff Posts: 8,623 Joined: Nov 2007 Member No: 593,266 ![]() |
Yes please do! I am thinking of investing my money, and I want a few stocks to look at.
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