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| awwitsbobby |
 Posted: Tue May 31, 2005 4:57 am Post subject: Anyone investing in Iraqi Dinar? |
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New Poster
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| I dont know if it is considered investing, personally i think its more on the side of gambling, but I'm interested if anyone else is 'Investing' in it. I personally have around 2 mil in iraqi currency. |
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| Dave Rathbun |
| Posted: Tue May 31, 2005 12:40 pm Post subject: |
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CFO
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| Quote: | | I personally have around 2 mil in iraqi currency |
Currency trading... hmmm, if you want to just throw your money away, I'll give you my PayPal address.  |
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| awwitsbobby |
| Posted: Wed Jun 01, 2005 1:54 pm Post subject: |
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New Poster
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| hahaa, yah i realize its anything but a sure bet, but it doesnt seem too bad of a gamble. Financially, why do you think it is like throwing your money away? I can see Iraqs economy stumbling for a while with the political instability, but eventually things should quiet down. Whether that equates to a fiscally responsible government would be anyones guess. If they started printing money by the truckload well, sucks to be me... :( |
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| Dave Rathbun |
| Posted: Wed Jun 01, 2005 2:41 pm Post subject: |
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CFO
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The biggest challenge that I see with investing in foreign currency is that you just can't get all of the story. A country in fiscal trouble - and Iraq is anything but stable at the moment - can simply devalue or replace their currency. I don't know nearly enough about currency trading to talk in an intelligent fashion about it, so I guess I'll shut up.
Good luck! |
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| civilguy |
| Posted: Mon Sep 26, 2005 4:02 am Post subject: |
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I don't think iraq will be stable very soon. You have to realize that there are 3 very different populations in iraq. They have fought in the past fiercefully. In other words, they hate each other. They have very different set of values.
So,,, good luck with your 2mill. If I was you I would cash them sooner than latter before the US gets out. |
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| vetelmo |
| Posted: Thu Nov 03, 2005 5:41 am Post subject: |
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Moderator
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| civilguy wrote: | I don't think iraq will be stable very soon. You have to realize that there are 3 very different populations in iraq. They have fought in the past fiercefully. In other words, they hate each other. They have very different set of values.
So,,, good luck with your 2mill. If I was you I would cash them sooner than latter before the US gets out. |
Well, if he is keeping an eye on it, I think he'll be fine. A firend of mine trades money and the way he does it, shows some risk but he seems to pretty comfy with it after trading stocks for 8 years. |
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| cwing |
| Posted: Thu Nov 03, 2005 7:14 am Post subject: |
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Associate
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| How about invest in the China Yuan Renminbi... its considered to be undervalued... |
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| InvestingMac |
| Posted: Sat Nov 05, 2005 1:37 pm Post subject: |
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Investing Manager
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| Has anyone been working with USDs over the past several months? |
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| Im Not Warren Buffett |
| Posted: Thu Dec 01, 2005 10:07 am Post subject: |
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CFO
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Hey Bobby,
Think you could explain something about currency trading here? Its one area where I don't have too much knowledge.
I know that Iraq's economy is absolutely cranking, its growing at something like 20% isn't it? I realize the growth is compared to Iraq under Saddam and sanctions, but apparently people there are starting to buy computers and cars and the like. Care to enlighten us as to how this all works out on the FOREX? |
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| seraphim101 |
| Posted: Sat Dec 10, 2005 3:18 pm Post subject: |
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Investing Sr. Associate
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| Many societies, when they change rulers, also change currency...You need to realize that cashing out now might not be a bad thing considering that there migh not be a dinar soon...just a thought |
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| Im Not Warren Buffett |
| Posted: Fri Dec 16, 2005 12:36 pm Post subject: |
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CFO
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| Do you have $2 million USD converted to Iraqi currency, or 2 million dinars? If you have that value in dinars, what does it equate to in USD? |
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| Erwin Jensen |
| Posted: Sat Dec 17, 2005 8:00 am Post subject: |
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Investing Associate
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| How exactley do you invest in a countries currency? What kind of investing is that? |
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| geb9696 |
| Posted: Thu Dec 22, 2005 7:17 pm Post subject: |
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Investing VP
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| It is called forex. There are banks in which you can open forex accounts. Most can be opened with around $500 but in order to make money you have to invest much more than that. These accounts will often lend money to the users. www.investopedia.com has a lot about forex. |
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| Im Not Warren Buffett |
| Posted: Sun Dec 25, 2005 12:12 pm Post subject: |
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CFO
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| Before you get involved with FOREX, you need to be educated in the underlying reasons for why currencies fluctuate in value. I couldn't tell you that much about it, in fact I recently did quite bad on a test on this precise subject. Appreciation, depreciation, who gives a damn? |
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| geb9696 |
| Posted: Wed Dec 28, 2005 4:40 pm Post subject: |
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Investing VP
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| I tried one of the forex simulators and I got completely killed trying to trade currency. To make money I believe that you need to have a PHD in economics. |
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