Highlights/Thoughts
PLEASE IGNORE IF YOU DO NOT WANT TO READ OPINIONS
This was emailed to me by a reader of this site. I'm posting this to share this person's opinion of this investment. I personally value all information and all opinions/perspectives. Some may see this as negative and some may not. As always, how you choose to take this in is up to you.
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Desperate People Need Not Apply
I am only an investor in the IQD. I am not an intel specialist nor a date/rate guru. I am not a dinar historian or an Arabic-newspaper researcher. My friends who were serving in Iraq have come home or re-deployed in other parts of the Middle-east. I did research the legitimacy of the Dinar as a currency and legitimate speculative investment. I invested with the idea of funding a venture-capital endeavor or a penny-stock company made public. Either of these approaches, in most cases, are done with vast expectation of all funds being lost. The hope is that one of the ventures or companies with actually make it and pay off on the ratio of dollars for cents.
My opinion in reading the majority of posts in the past year that many, many desperate people have purchased the dinar. Desperate people say and do, desperate things. Desperation develops fantasy often not seen by self. Mirages become reality. Obsession pushes rationality and reality out the actuality door.
It appears those who have created the hype are building more desperation. It is not deliberate, but it is equally as damaging. The claims that if XYZ occurs, then MNO will happen. What, if anything do we really now about Iraq? Few of us served or lived there and even if we did for years, what of the culture, mindset and world-view do we know and understand of this vastly fragmented society? What do we factually understand? Do we really and truly have a cross-cultural Arab-Iraq Shiite, Sunni and Kurd mindset?
My opinion is Iraq is still many months away from being able to socially be able to handle a large escalation of the value of its currency. Would you hand a stack of $100 dollar bills to a 7 year old? So why would the world agencies like the UN, IMF, or WorldBAnk hand trillions to a 7 year old weak country?
I think Iraq will eventually grow and grow strong. It may develop to be the construction site of the world with investment. That is what drew my money to invest but not with any desperation. Telling you to relax does nothing to a desperate individual. My suggestion, if you cannot stop checking for information about a revaluation every day, that you sell your dinar and walk away. This is not the investment for you. It is your enemy of personal destruction.
For the non-desperate speculator, I hope to see you at an eventual finish line.
Sincerely,
Clearthinkr7
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