Page 1 of 1
Iraqi Dinar
Posted: Wed Aug 30, 2006 4:18 pm
by Tomson
Hi All,
Thinking of buying 1million of these as a fairly long term investment.
Am I mad?
Gamble, although not that big a loss if all goes tits.
Would be interested in any thoughts people might have as to pros and cons.
Thanks,
Tom
RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 4:32 pm
by S2tuner
How much is that worth in real money?
RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 4:48 pm
by Tomson
I think they are at 0.00007p each at the moment, on-line a mill would cost you about £500.00 through one of the many websites available
RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 4:54 pm
by S2tuner
just did a search and it can even be around £400 but think about it, if it goes up 10%, it'll only be £440 in the end... and I dunno if it'll go up 200% or more any soon (less than 10 years)...
RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 4:59 pm
by Tomson
Indeed, if of course it does not go down again and again. Or even if it actually survives as the countries currency.
However the oil argument is a strong one for the economy, we all know it was the main reason the US got involved in the war in the 1st place.
RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 5:00 pm
by S2tuner
True, fair point Tom

RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 5:18 pm
by Tomson
"just did a search and it can even be around £400 but think about it"
How on earth did you find time to do that mate, are you not meant to be tuning Audis?

RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 5:26 pm
by S2tuner
even someone tuning Audis is meant to get some time off every once in a while! I've forgotten that a bit too often last year unfortunately....
RE: Iraqi Dinar
Posted: Wed Aug 30, 2006 10:25 pm
by derdle
However the oil argument is a strong one for the economy, we all know it was the main reason the US got involved in the war in the 1st place.
...oooo you cynic! Mind you, wasn't the oil ministry the only government building not being rebuilt by Haliburton? .... cos they didn't bomb it?
Anyway, what about exchange commission etc - you'll need to take that into account. "Crap currencies acn go down as well as down, oh sorry I mean up". Anyway, what currency did Saddam have on him when he was caught... US$ not Iraqi doobries.