Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
YOU MUST Sign in with your USERNAME to POST
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 What WF says about the dinar

View previous topic View next topic Go down 
AuthorMessage
Big Mike
Forum Friend
Forum Friend
avatar

Posts : 103
Join date : 2011-06-29
Location : NONEofYOURS

PostSubject: What WF says about the dinar   Wed Apr 04, 2012 1:22 am

From fox business web site, thought you guys should see this I have no onion about this. just thought you guys should see this, do the big players really want us to be poor or is this really true you decide if you believe it or not.....

-------------------------------------------------------------------------------------------------------------------------------------------------------

While most investors realize Iraq is still a dangerous place to travel to, they may not fully grasp the financial risks tied to trading in the nation’s currency, the dinar.

Worried about the dinar’s illiquidity, the threat of currency fraud and still-unstable situation in Iraq, Wells Fargo (WFC: 34.48, -0.03, -0.09%) issued a warning this week urging investors to steer clear of the currency.

“Considering that Iraq remains a dangerous place with an uncertain future, we strongly advise investors against taking the risk of buying Iraqi dinar as an investment,” Paul Christopher, chief international investment strategist at Wells Fargo Advisors, wrote in a note in response to investor curiosity about the currency.

Introduced as Iraq’s new currency in 2004 after the fall of Saddam Hussein’s regime, the dinar, which recently traded at about 1,165 dinar per U.S. dollar, is still only available in paper form because most U.S. banks decline to deal it.

That means the dinar is still very much a part of the Wild West of the currency world, an area most investors should probably avoid funneling money to.

Yet investors are clearly curious about the dinar, largely because of yet-to-be-realized hopes that the Iraqi Central Bank will revalue the currency by resetting its exchange rate at a more favorable value. They point to similar economic rebounds and currency revaluations in West Germany after World War II and in Kuwait after Saddam’s 1991 invasion.

Yet Christopher spells out four main risks to buying into the dinar now: the threat of future violence in Iraq, illiquidity, risk of fraud and historical precedent.

While Iraq has clearly made great political strides in recent years, the political unity between Iraq's three competing ethnic groups remains extremely fragile. Plus, foreign influence, especially from that of Iran, threatens to further inflame political tensions.

“Iraq’s post-war experience shows much stronger ethnic divisions than was the case in Germany or Kuwait, prior to their currency revaluation,” Christopher wrote. “While the economy grapples with violence, the prospect of a currency revaluation seems remote.”

But even if the political and violence situations didn’t cast a pall over the dinar, the illiquid nature of the currency makes investment impractical.

Because few of the world’s banks outside the Middle East work with Iraqi banks, most investors are forced to buy actual physical dinar banknotes (rather than the electronic form of the currency like a euro investor would). Dealers in banknotes charge customers for the cost of shipping, handling and buying/selling the dinar in a wholesale market, Christopher said.

“The costs for buying or selling the dinar may absorb most or even all of an investor’s return,” Christopher said.

Without any banks to work with, investors in the Iraqi dinar are often forced to work with Internet trading companies and potentially shady dinar dealers that aren’t closely regulated by the U.S. government. That leaves investors open to the risk of fraud.

Christopher pointed to the fact that the Iraqi dinar trade ranked No. 6 on the Utah Department of Commerce’s list of top 10 frauds of 2006.

“We suggest many [currency] recommendations that we believe have much less liquidity, fraud and principal risk,” Christopher said.

Read more: http://www.foxbusiness.com/markets/2012/02/22/iraqs-dinar-still-stuck-in-wild-west-currencies/#ixzz1r2uK0r9s

*****************
The gurus sources are not in the KNOW, there just giving there opinion and speculation on the dinar. and the gurus are giving out opinions and speculation as high up Intel. Remember that when you read all the gurus Intel.. lol!


Last edited by Big Mike on Wed Apr 04, 2012 1:23 am; edited 1 time in total (Reason for editing : wrong word)
Back to top Go down
View user profile
brainerd
New Member
New Member


Posts : 4
Join date : 2012-02-16

PostSubject: Re: What WF says about the dinar   Wed Apr 04, 2012 1:30 am

What are Paul Christopher's credentials? I mean as far as IQD is concerned, his opinions count just the other gurus' opinions. GO RV!!')" class="postlink" target="_blank" rel="nofollow">Very Happy
Back to top Go down
View user profile
Big Mike
Forum Friend
Forum Friend
avatar

Posts : 103
Join date : 2011-06-29
Location : NONEofYOURS

PostSubject: Re: What WF says about the dinar   Wed Apr 04, 2012 1:32 am

brainerd wrote:
What are Paul Christopher's credentials? I mean as far as IQD is concerned, his opinions count just the other gurus' opinions. GO RV!!')" class="postlink" target="_blank" rel="nofollow">Very Happy


He is some big wig with WF that is his credentials......

*****************
The gurus sources are not in the KNOW, there just giving there opinion and speculation on the dinar. and the gurus are giving out opinions and speculation as high up Intel. Remember that when you read all the gurus Intel.. lol!
Back to top Go down
View user profile
cakelady
New Member
New Member


Posts : 13
Join date : 2012-02-16

PostSubject: Re: What WF says about the dinar   Wed Apr 04, 2012 1:35 am

Sounds like they want us to sell our dinar just smoke
Back to top Go down
View user profile
Guest
Guest



PostSubject: Re: What WF says about the dinar   Wed Apr 04, 2012 1:39 am

This article was discussed months back...LOCKED! WF should be ashamed. no no crap
Back to top Go down
 
What WF says about the dinar
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: AROUND THE WORLD NEWS and CURRENT EVENTS :: WORLD-
Jump to: