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Stopping of IQD when we are close? DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Stopping of IQD when we are close?

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Post by Guest Fri Mar 09, 2012 1:02 pm

I know this question has been asked before but here goes. So when we are really close to this "popping" wont places such as GID ASSOCIATES etc. stop selling IQD? And how long before the rv do you think they will do this? It doesn't make sense to continue selling IQD once the rv happens.

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Post by mustlovedogs Fri Mar 09, 2012 1:05 pm

They will not stop selling iqd at least for most major dealers. Some smaller ones that just formed for this profit yes. However, larger multiple currency dealers will still sell, as no matter what the rate is, there are still people who will need to exchange for that currency when going to that country. So iqd will still be available to buy just like the Kuwait dinar, no matter what the rate. They may have to go in and take 15 minutes or an hour or whatever to change the rate, but they will still sell.

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Post by Guest Fri Mar 09, 2012 1:12 pm

But that makes no sense. So if we get $3 rate per dinar, i can continue buying more dinar and get even wealthier? I don't think so...

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Post by Wataday Fri Mar 09, 2012 1:15 pm

Punisher I've been told that all dinar dealers will stop selling the IQD 30 minutes prior to the RV. There is NO WAY that they could continue to sell the IQD after the RV at the rate it was going for. That would be called "Bad Business" and put them in the hole...

This might be another way for us to know that the RV has happened.

Just what I've heard and my thoughts...

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Post by blinkster Fri Mar 09, 2012 1:21 pm

punisher wrote:But that makes no sense. So if we get $3 rate per dinar, i can continue buying more dinar and get even wealthier? I don't think so...


Yes, and No. Sure you could still buy them 'Post RV'- one would simply be paying FAR more to get the dinar & that would cancel out any further investment in it for you and I. It will simply radically change the value of the notes that you buy from them. To simplify: Yesterday we bought them at price X. Today they are sold at price Y (available, yet at a far higher price and greater value). Simple. Product (the Dinar) is still available, but it's now going to cost you far more per note of currency to do so. . Maybe they will just shut down Dinar sales for a time, period. Maybe they will replace what we have with new currency post-RV so this subject is moot.


Last edited by blinkster on Fri Mar 09, 2012 1:29 pm; edited 2 times in total

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Post by CaptnJerry Fri Mar 09, 2012 1:22 pm

punisher wrote:But that makes no sense. So if we get $3 rate per dinar, i can continue buying more dinar and get even wealthier? I don't think so...

Yes you can continue to purchase dinar at $3.00 USD per dinar or whatever the new rate is and no you won't get any wealthier...

CJ

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Post by EPHESIANS612 Fri Mar 09, 2012 1:23 pm

You'll be able to buy IQD for the $3 it would valued at, not the current $.00085

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Post by Guest Fri Mar 09, 2012 1:38 pm

@blinkster wrote:
punisher wrote:But that makes no sense. So if we get $3 rate per dinar, i can continue buying more dinar and get even wealthier? I don't think so...


Yes, and No. Sure you could still buy them 'Post RV'- one would simply be paying FAR more to get the dinar & that would cancel out any further investment in it for you and I. It will simply radically change the value of the notes that you buy from them. To simplify: Yesterday we bought them at price X. Today they are sold at price Y (available, yet at a far higher price and greater value). Simple. Product (the Dinar) is still available, but it's now going to cost you far more per note of currency to do so. . Maybe they will just shut down Dinar sales for a time, period. Maybe they will replace what we have with new currency post-RV so this subject is moot.

That makes sense.

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Post by happywelshguy Fri Mar 09, 2012 2:11 pm

In my personal opinion, the IQD will be bought and sold on the world markets, just as any other currencies are.

Many investors like exotic currencies.

There will also be a curiosity factor to the IQD and of course it's going to be asset backed and not a Fiat currency, so it will have value.

If it's not going to be sold, then why would Iraq be concerned in having an international traded currency?

bounce

punisher wrote:I know this question has been asked before but here goes. So when we are really close to this "popping" wont places such as GID ASSOCIATES etc. stop selling IQD? And how long before the rv do you think they will do this? It doesn't make sense to continue selling IQD once the rv happens.

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Post by Guest Fri Mar 09, 2012 2:19 pm

So we can buy a $25,000 for 54 us dollars but after the rv it will probably be more like 5,000 us dollars...

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Post by SEBtopdog Fri Mar 09, 2012 2:29 pm

punisher wrote:So we can buy a $25,000 for 54 us dollars but after the rv it will probably be more like 5,000 us dollars...

Yes sir. That's what I think. So no additional wealth unless the IQD continues to rise. And there's no indication that would happen. :flower:

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Post by Guest Fri Mar 09, 2012 2:36 pm

@SEBtopdog wrote:
punisher wrote:So we can buy a $25,000 for 54 us dollars but after the rv it will probably be more like 5,000 us dollars...

Yes sir. That's what I think. So no additional wealth unless the IQD continues to rise. And there's no indication that would happen. :flower:

Sebtopdog, hope your day is going well Smile

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Post by mustlovedogs Fri Mar 09, 2012 2:48 pm

Sorry I didnt make it much clearer for you punisher. Yes, they will continue to sell dinar after RV, only then it will be selling at post RV rate, not pre RV. So no you will not be able to get richer that way.

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Post by Clydesdale Fri Mar 09, 2012 3:14 pm

punisher wrote:
@SEBtopdog wrote:
punisher wrote:So we can buy a $25,000 for 54 us dollars but after the rv it will probably be more like 5,000 us dollars...

Yes sir. That's what I think. So no additional wealth unless the IQD continues to rise. And there's no indication that would happen. :flower:

Sebtopdog, hope your day is going well Smile


If you buy a $25000 note at $54 and the rv'd value is $5 (currently kuwait's value is $4.08) not $3 like everyone is saying.

you would take the $25,000 X $5 which is $125,000 so no you could not buy it at $5,000. In order for them to make a profit they would have to sell it above $125,000.

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Post by Guest Fri Mar 09, 2012 3:50 pm

@Clydesdale wrote:
punisher wrote:
@SEBtopdog wrote:
punisher wrote:So we can buy a $25,000 for 54 us dollars but after the rv it will probably be more like 5,000 us dollars...

Yes sir. That's what I think. So no additional wealth unless the IQD continues to rise. And there's no indication that would happen. :flower:

Sebtopdog, hope your day is going well Smile


If you buy a $25000 note at $54 and the rv'd value is $5 (currently kuwait's value is $4.08) not $3 like everyone is saying.

you would take the $25,000 X $5 which is $125,000 so no you could not buy it at $5,000. In order for them to make a profit they would have to sell it above $125,000.

Wow. Thanks. I understand now...

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Post by knockemdeadkid Fri Mar 09, 2012 5:49 pm

hhhmmm i dont understand why these dealers are selling it if its gonna rv..i would think they would want to keep it for themselves...thats always been my question...that was always fishy to me

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Post by Clydesdale Fri Mar 09, 2012 7:09 pm

@knockemdeadkid wrote:hhhmmm i dont understand why these dealers are selling it if its gonna rv..i would think they would want to keep it for themselves...thats always been my question...that was always fishy to me




Ya that one has plagued me too. I still have issues with that one.

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Post by Guest Fri Mar 09, 2012 7:11 pm

I think they must or they get in trouble.

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Post by Flinstone Fri Mar 09, 2012 8:37 pm

that was explained awhile back in an earlier post. The gist of it is that the broker or banker doesn't own the Dinar, they are ordering it for their buyers. I am not sure exactly the phrasing used, but I am sure that post is somewhere on the archive pages of Oki Oilman.
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Post by Blexum Fri Mar 09, 2012 8:57 pm

I think the answer to that is: In order to be licensed by the government to sell currency they have to sell it right up to the notification of an RV at the old rate by law. Then they can sell it for the higher price to idiots who want to pay the top price. Hahahahaha
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Post by Guest Fri Mar 09, 2012 11:48 pm

@Blexum wrote:I think the answer to that is: In order to be licensed by the government to sell currency they have to sell it right up to the notification of an RV at the old rate by law. Then they can sell it for the higher price to idiots who want to pay the top price. Hahahahaha

A good way to put it....

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Post by Kevind53 Fri Mar 09, 2012 11:57 pm

Exactly ... If I remember correctly a couple of the dealers have said they will receive notification about 15 minutes before it goes public and will shut down then, reset their reates and be ready when the change is announced.

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Post by Guest Sat Mar 10, 2012 12:50 am

@Kevind53 wrote:Exactly ... If I remember correctly a couple of the dealers have said they will receive notification about 15 minutes before it goes public and will shut down then, reset their reates and be ready when the change is announced.

Yes, that is what i remember as well.

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