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"Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar

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"Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar Empty "Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar

Post by Ssmith Sat Apr 08, 2017 9:58 am

And they're still waiting....

"Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar
Nov 16th 2012, 18:25
By John Lee.



Reuters reports that “thousands” of people are still speculating on a huge upward revaluation of the Iraqi dinar, which it describes as “one of the chanciest investments in the world“.

It quotes a Las Vegas-based speculator, who previously lost most of his retirement fund on the stock market, as saying:

It’s not a question of if, but when Iraq revalues its currency … The dinar will eventually have substantial value, possibly the highest in the world … If the dinar rises to just even a penny, you would have realized a profit of 900 percent.

The article goes on to say that some speculators are even betting that the dinar could rise to a value of $1 to $3, which would represent gains of between 116,500 percent and 349,700 percent.


One dinar dealer, which reportedly charges a spread of 30 percent on transactions, told Reuters he sold about $577 million in dinars to U.S. customers in 2011. “His customers are U.S. mom-and-pop investors – teachers, police officers, and construction workers”, says the report.

(Source: Reuters)
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"Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar Empty Re: "Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar

Post by ReapAndSow73 Sat Apr 08, 2017 10:06 am

The Las Vegas-based speculator shows why the house always wins...because of moronic statements like:

It’s not a question of if, but when Iraq revalues its currency … The dinar will eventually have substantial value, possibly the highest in the world"
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"Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar Empty Re: "Mom-and-Pop Investors" Pin Hopes on Iraqi Dinar

Post by Jayzze Sun Apr 09, 2017 3:19 pm

the  only way irari dinar will ever have a value is get rid of m and the Iranian involment of controlling the gov,and as for the mom and pop investors it would be wise to go to church 5 times a day and pray for a miracle
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