Did Iraq CBI Collect 12 Trillion Dinar in 2Q 2012?

08/15/2012

 
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CBI says they brought in over 12 Trillion Dinar in the 3rd Quarter of 2012...

Does that mean what we think it means? :)

Gurus we need your help on this one...chime in and let us know what you think!

I highlighted the juicy areas below...

This article comes via Currency Newshound.

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Iraqi Dinar on mainstream news...

02/12/2012

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The big question...Is the Dinar Investment a Scam?

You know me, I bring you the most information I can...even the stuff that makes some a little uneasy.

Below is a video from a Fe 9, 2012 regional newscast out of Kansas.
In this "investigative" report, 2 financial advisors share their take on the Iraqi Dinar.

This is sent to us from a fantastic Dinar Guru member.  

Watch the Video FIRST, I'll share my 2 cents after.
My Comments:
Yes, the dinar is a longest of long shot investments...what's new there?

The Financial guy is slightly misinformed...Saddam valued the old dinar...what we have is the New Dinar.

The Financial gent also says the dinar
is not backed by a stable government...true.  But this is less and less true everyday. Further the CBI says the dinar IS backed by 60 Billion in foreign cash reserves already making it the strongest currency in the middle east. (don't confuse strength with rate).

The financial guy says there is no market to buy back dinars...and throws down the challenge to the dealers to buy back dinars...he claims they won't, saying, "I don't THINK they'll buy it"...I don't really know if they will or not...I know they say they'll buy them back...this financial guy is GUESSING they wont...(I don't want my financial advisor to guess about anything that can be verified 100%) 

The news lady's conclusion, "No one knows for sure if it will or won't pay off." Followed by the financial guy saying 'The dinar as a whole is completely a risk... don't invest money you're not prepared to lose.'

After all the MONEY spent on this "investigative" report the News didn't have any CONCLUSIVE evidence of anything...no memos from banks saying its a scam...no government officials saying its a scam...no US Treasury people saying its a scam...No documents...Not even a disgruntled former dinar broker ex-employee hiding in the shadows, voice scrambled to hide their true identity EXPOSING 'what they heard while working one day' :) ...nothing but speculation that its a scam.


So there you have it...pretty much what we knew already.  The Dinar is a super Risky longest of long shot investments and no one knows for sure if its going to pay off or not.

talk soon
Blanche
www.DinarGuru.com
Here's a link to the original with the transcript...click here.
74 Comments