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"AJ" - Brain Power Needed! Something Got Me Thinking..
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"AJ" - Brain Power Needed! Something Got Me Thinking..
by ProDinar Mon Dec 12, 2011 5:44 pm
Since every single IQD is backed by the GOLD Iraq has, can anyone remember just how much that was?
Correct me if I'm wrong, "IT'S A LOT"!
A few months back, I heard what that amount was, I knew close to the amount of IQD that was in circulation (at that time - 35trill), I did the math on those #'s & came up with a rate ( /-) of around $3-$4 range, that was with the price of gold at that time (figure was in USD-Billions, not in the weight of the gold amount).
I feel the "RV" should be a great one! OIL, DIAMONDS, GAS, ETC, ETC, is all a bonus, but it seems like most have forgotten that part & just tie the IQD to only OIL!
I would love to hear some in-put from those great minds in here..
Correct me if I'm wrong, "IT'S A LOT"!
A few months back, I heard what that amount was, I knew close to the amount of IQD that was in circulation (at that time - 35trill), I did the math on those #'s & came up with a rate ( /-) of around $3-$4 range, that was with the price of gold at that time (figure was in USD-Billions, not in the weight of the gold amount).
I feel the "RV" should be a great one! OIL, DIAMONDS, GAS, ETC, ETC, is all a bonus, but it seems like most have forgotten that part & just tie the IQD to only OIL!
I would love to hear some in-put from those great minds in here..
Last edited by ProDinar on Mon Dec 12, 2011 7:03 pm; edited 1 time in total (Reason for editing : Reply wanted)
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Re: "AJ" - Brain Power Needed! Something Got Me Thinking..
by brains Mon Dec 12, 2011 8:03 pm
I Remember you talking about it but don't remember the no# but you are right the gold prices increasing this could really hit the ceiling........GOOOOOORRRRRRRVVVVVVVVVVV!!!!!!!!!!!!
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Re: "AJ" - Brain Power Needed! Something Got Me Thinking..
by ntvtexan Mon Dec 12, 2011 9:15 pm
I put in another post a few days back that I remembered them saying in an interview it was 1/28th of a Gram of Gold. It may have changed since then.
Sounds about like a $2.00 if my math and conversion is right....@ 31.1 Grams per ounce, and $1,744.50 an ounce today.
Sounds about like a $2.00 if my math and conversion is right....@ 31.1 Grams per ounce, and $1,744.50 an ounce today.
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Re: "AJ" - Brain Power Needed! Something Got Me Thinking..
by brains Mon Dec 12, 2011 9:24 pm
Iraq is supposed to be setting on one of the largest gold finds in the ME. I don't know the exact words that were used butt I think YAAAAAHOOOOOO!!!!! was mentioned....
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Re: "AJ" - Brain Power Needed! Something Got Me Thinking..
by Guest Mon Dec 12, 2011 10:24 pm
The law that was discovered by Phoenix3333 and the figures he did with that law brought the dinar worth around 2.45 in gold value. And Iraq does have a bunch of Gold after it was recovered some years to months ago. It is my opinion if Iraq comes out in the 3 dollar range, the remainder is backed by the oil and GDP of Iraq. Your question should be poised to Phoenix3333 since he was the person who discovered this law. I have not given it much thought really or even read the law he discovered. AJ
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Re: "AJ" - Brain Power Needed! Something Got Me Thinking..
by 1alaskan Mon Dec 12, 2011 10:48 pm
If they are taking cues from the US, it is backed by what, Trust? See where that has got the US.
At least Iraq does have a bunch of oil, always worth something.
At least Iraq does have a bunch of oil, always worth something.
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Re: "AJ" - Brain Power Needed! Something Got Me Thinking..
by ProDinar Tue Dec 13, 2011 9:48 am
Thanks guys for the responses.
"ntvtexan",
1/28th of a gram? I thought they had Billions in Gold(USD), didn't the "US" just also return a huge amount(Billions)?
A few months back is when I found out or read about it, maybe I can go back & try to find that post, wish me luck..
"ntvtexan",
1/28th of a gram? I thought they had Billions in Gold(USD), didn't the "US" just also return a huge amount(Billions)?
A few months back is when I found out or read about it, maybe I can go back & try to find that post, wish me luck..
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Re: "AJ" - Brain Power Needed! Something Got Me Thinking..
by ntvtexan Tue Dec 13, 2011 3:15 pm
Tha's what I read in one of their press releases 4 or so months ago...we'll see !
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