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 can post but they do 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.


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."

Get Daily Updates of the NEWS & GURUS in your EMAIL

Enter your email address:

 "Why hasn't the Supply of IQD Stopped?" by Still Waiting in Florida - 5/26/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

"Why hasn't the Supply of IQD Stopped?" by Still Waiting in Florida - 5/26/18

Go down

 "Why hasn't the Supply of IQD Stopped?" by Still Waiting in Florida - 5/26/18 Empty "Why hasn't the Supply of IQD Stopped?" by Still Waiting in Florida - 5/26/18

Post by Ssmith on Sun May 27, 2018 8:08 am

I need to harness the brain-power of this forum to help me understand what is going on.

I've been in this investment for about 8 years now. At first, I bought my currency through a bank. I then graduated to buying reserves (MISTAKE!!!!).

In the past 4 or 5 years, I have been buying medium to small amounts of currency through Ebay. There is a remote possibility that some of the notes I have purchased over time are counterfeit. It's hard to believe that someone would sell a quantity of bad notes on Ebay for any length of time. These sellers would be facing some very serious jail time as they would be selling a counterfeit item and then shipping it across State lines. At the very least, Paypal would get their accounts frozen and call the Feds.

What has me confused is that I expected the sale price of Dinar to go through the roof. All indications from our Internet sources and from the media that reports on Iraq tell us that the timing is very close. We have heard that the supply of Dinar should be dropping dramatically because the Central Bank of Iraq is no longer distributing the larger notes. Iraqi citizens and those holding Dinar in neighboring countries would be foolish to sell their three zero notes this close to an RI/RV.

So. . . . . .where are the notes that are listed on Ebay coming from? I see some small amounts of currency placed for sale from China, Egypt, Singapore, Portugal, Spain and even the Ukraine. I don't see sellers from Jordan, Kuwait, or other Iraq neighbors. The vast majority of auctions are based in North America.

Many of the currency auctions insist that their product has been authenticated and is in uncirculated condition. One auction I looked at this evening is from a well rated seller in Georgia and they are offering 100,000 Dinar for $114 or best offer; shipping is included.

I just can't figure why someone would sell an item that they are clearing $20 (at most) on when they could hold it for a bonanza. Also, why such a low price when the supply of Dinar is supposed to be drying up?

What am I missing? Anybody got any ideas where the gaps in my logic are?

Thanks to the staff of Dinar Chronicles; always interesting posts.

Still Waiting in Florida

Posts : 20038
Join date : 2012-04-10

Back to top Go down

Back to top

Permissions in this forum:
You cannot reply to topics in this forum