Why Don't They Just "Float" The Iraqi Dinar? - A Comment From A Reader...

Occasionally our readers send us intersting snippets about their opinions and thoughts on the Iraqi Dinar, various currencies, and other world issues. Occasionally we like to post them for you to read. Here's an interesting one we were sent today...

Why don't they just float the Dinar?

When probably every Interntional Monetary Entity has stated that there will be a Global Reset of Currencies....now for what...appx. 2-to-3 years...so what would, or could that IMPLY?...Then at the last G-20 Meeting in Las Cabos, Mexico, an article came out, as well as at or around that same time, whereby the IMF stated basically the same in essence, that.."The Global Economy would be getting a boost or help from the Emerging Market Countries"...or in so many words, there have been many insinuations of this coming...what does any of this IMPLY?...Allright, let's say it does'nt all mean anything...then why wont some just start talking, and tell me what else will work...because, to be able to bash something like the dinar, when you dont know...is ludicrous...

Also, I'm not saying what WILL or WONT work...but it sure is strange, that from looking at this and seeing people bash possibly the only thing that MAY work...to me, and IMO...depicts to me that there are ulterior motives...because you dont spend the time to knock something like this that you cant prove is a loser, while there are too many other things out there that are losers, that your not talking about, that you could be mentioning...UNLESS YOUR TRYING TO DRIVE DINAR ONE WAY OR THE OTHER...EITHER SELL OR BUY BACK...I SEE IT AS NO OTHER REASON TO BE DOING THIS...JUST REMEMBER FOLKS, THERE ARE SPREADS GOING BOTH WAYS ON THE DINAR IF YOU BUY OR SELL, AND THERE ARE MANY OUT THERE, WHO ARE JUST AS CRAFTY IN GETTING YOU TO DUMP AND SELL, AS THERE WERE THOSE THAT WERE DOING THIS TO SELL THEM...AND THEY MAKE APPX. THE SAME SPREAD GOING EITHER WAY...WE CALL EM PUMPERS & DUMPERS...FOR WHAT IT'S WORTH...

Saw An Interesting Discussion Online - Interesting Response - Conspiracy Theory Anyone?

Whats the best place to move after an RV?

As far as financially...?
No place on this earth.

As long as the fed, central banks, illuminati, bilderburgs,
rothschilds exist on this planet -- seriously - unless you're on of THEM,
there is no place safe from these thieves.

No place

Ineresting . Think this guy is wearing a tinfoil hat?

Is The Iraqi Dinar Gaining Value Against The US Dollar?

So you have probably heard about the Iraqi Dinar Currency but what do you know about it? 

I constantly am reading news headlines about the Iraqi Dinar soaring once again in value vs the US Dollar, however how much has it really moved against the dollar? Plus is doesn’t help the Dinar isn’t even a pegged currency on the world market. 

That said various message boards like Investors Iraq, Iraqi Dinar Rumors, and Investors Iraq, just to name a few are constantly touting the Iraqi Dinar as a currency investment that will make you rich. 

That said people have been calling for the “revalue” of the Iraqi Dinar at a 3:1 value with the Dollar meaning for every million of the New Iraqi Dinar someone picks up for $800 - $1200 it will be worth 3 million US Dollars. Sounds too good to be true right?

If you’ve done any research on the topic you may know that the Iraqi Dinar is a currency issued by the country of Iraq, I struggling country I may add. The Iraqi Dinar is not traded on any legitimate Foreign Exchanges, although there are dealers around the world selling it though they are largely unregulated. That doesn’t mean they are not legit nor does it mean the currency you purchase from them is not legit.
It does however mean you should exercise due diligence when purchasing the Iraqi Dinar if you choose to do so.
If there’s no market for this currency that most investors would recognize as a regulated exchange forum what does that mean actually? How is the value rising if there’s no official legitimate market?

These press releases I’m talking about aren’t released from the AP or any well established or well known news organization, they are issued by Dinar sellers like Sterling Currency Group LLC or Tampa Dinar. They are issue by currency dealers launching blogs on the topic. It’s generally noticed on the bottom of a press release who is releasing it.
These releases are generally “somewhat” oriented in the area of “investor protection” but more so pushing their product / service to customers. It’s more an advertisement disguised as a press release.

One thing that investors should consider before making a purchase, in addition to Iraq’s Political climate, economic climate, and security concerns as a country, as well as the general volatility in world markets, especially world currency markets. Investors should also be assessing their tolerance for risk as rates fluctuate on a daily basis, because of the instability in the region the Iraqi Dinar could fall apart and go to zero, or it’s possible it will never be a widely exchangeable currency leaving you no option but to sell it back to that very dealer who sold it to you at a substantially reduced rate.

Unlike Forex markets purchasing hard currency ie actually you buying the physical foreign currency  you can hold in your hand is always going to have higher markups than buying on the electronic forex markets. Anyone who plans on purchasing any physical currency, but especially so with the Iraqi Dinar, should do their due diligence before dipping their foot into this untraditional market.

As with any industry there are unreliable dealers and scammers out there. To avoid being a victim of a scam anyone considering investing in the Iraqi Dinar should spend some time researching the dealers. Before making a purchase. Here are some things to consider…

1. Do they sell authentic notes with a Certificate Of Authenticity

2. Do they show you how to, and encourage you to check your notes yourself to verify them as authentic and not just take their COA and their word for it?

3. Do they Buy as well as sell Currency?

4. Are they Treasury Registered?

5. Do they have a history of satisfied customers or a high ebay rating score?

What's The Fuzz About E-Currency Trading

You keep hearing about this money making system that requires no selling, only an hour a day (max) and no special skill.

Yeah right.

At least that's the first impression for someone who has been in the internet for a while.

Enter E-Currency Trading.

What if you were able to provide the liquid capital for "Internet Money" so that it could be used with as a backup or “real money”?

You can make around 1.5% to 4% in daily interests on your capital for doing that. My eyes almost popped out. You can gain coumpounding interest for a starting investment as little as 50 bucks.

Depending on your background, it may be a little hard to believe that you can take $100 and turn them into $800 in less than 45 days. I'm 21 years old and it was tought for me to believe it. You're actually putting your money to work. Yep, it happens. And it takes no special skill. After all, your money is the one doing all the hard work.

There is a downside, of course. It’s a very complex system to grasp at first. In fact it can be overwhelming if you don’t know what the heck you’re doing. Open an account here, another one there, buy some stuff here buy some stuff there. You could go insane trying to figure it out by yourself.

I was lucky enough to do it the simple way. If someone guides you step by step, with a visual image of how he uses the system Every-Step-Of-the-Way,

“do this, open this account, then open this other account, put your money here, transfer it here, and see how it grows”

When someone takes you by the hand like that and teaches you, it just become too easy. All I did was watch a video, do Exactly like on the video. Watch the next video, do exactly what you see on the video. Watch the next video and... well you get the point.

The great thing about E-currency Trading is that you and I and everyone else does the same thing to make money. We all take the same path. If you’re heading this way, if you’re interested in learning about e-currency trading, I can recommend you take the smart way and learn the system instead of trying to figuring out for yourself.

When you decide to learn currency exchange the smart way, the rewards are higher in a shorter time frame, without really having a learning curve because you are learning it directly from a source that is already generating income for themselves.

Remember the law that says that the shortest path between two distances is a straight line.

What Is Currency Trading?

Currency trading is the largest market on the planet. It is estimated that in excess of US$2 trillion is traded every day. Compare this to the New York Stock Exchange's daily transactions of approximately US$50 billion, and you can see that the magnitude of the currency trading market exceeds all other equity markets in the world combined. The practice of currency trading is also commonly referred to as foreign exchange, Forex, or FX, for short.

All currency has a value relative to other currencies on the planet. Currency trading uses the purchase and sale of large quantities of currency to leverage the shifts in relative value into profit.

What is the FX market?

The FX market is different from other markets in some other key ways that are sure to raise eyebrows. Think that the EUR/USD is going to spiral downward? Feel free to short the pair at will. There is no uptick rule in FX as there is in stocks. There are also no limits on the size of your position (as there are in futures); so, in theory, you could sell $100 billion worth of currency if you had the capital to do it. If your biggest Japanese client, who also happens to golf with Toshihiko Fukui, the Governor of the Bank of Japan, told you on the golf course that BOJ is planning to raise rates at its next meeting, you could go right ahead and buy as much yen as you like. No one will ever prosecute you for insider trading should your bet pay off. There is no such thing as insider trading in FX; in fact, European economic data, such as German employment figures, are often leaked days before they are officially released.

Which currencies are Traded?

Although some retail dealers trade exotic currencies such as the Thai baht or the Czech koruna, the majority trade the seven most liquid currency pairs in the world, which are the four majors:

EUR/USD (euro/dollar)
USD/JPY (dollar/Japanese yen)
GBP/USD (British pound/dollar)
USD/CHF (dollar/Swiss franc)

and the three commodity pairs:

AUD/USD (Australian dollar/dollar)
USD/CAD (dollar/Canadian dollar)
NZD/USD (New Zealand dollar/dollar)

These currency pairs, along with their various combinations (such as EUR/JPY, GBP/JPY and EUR/GBP) account for more than 95% of all speculative trading in FX. Given the small number of trading instruments - only 18 pairs and crosses are actively traded - the FX market is far more concentrated than the stock market.

What Is Currency Option Trading?

When people think about the currency market, they think of the foreign exchange market but that’s not the only currency trading market. There is also the currency options market.

Currency options market deals with buying and selling the rights to buy and sell a set amount of currency in a specific time frame. That means that a person will have the right to sell a set amount of money in a given time frame at the present currency rate. So there is a great risk involved in making money.

Because the foreign currency market is opened twenty four hours a day, the currency option trading market stays open the same hours as well. That makes it the sole option trading market to do so.

Likewise, since the foreign currency market is unpredictable by nature, the currency option market will be the same to a certain extent. Dealing in the currency option market can be compared to betting. The question on you mind is; if you made this amount for the right to sell how much can you get back?

Unlike foreign current trading where you must make your decisions fairly quickly, the currency option trading is based on a set date so you do have a little more time, which is helpful.

Also, currency option trading is more flexible. You are able to shift your financial situation before the specific date of trading. Therefore, the currency market could be regarded as a safety net when in doubt about the foreign currency exchange market.

Dealing in currency options trading, you must be able to look on a bigger scale and see how events affect the market. You are working with possibilities of the future. The foreign exchange market may change many times before the date you are able to sell. You will be constantly on watch in order to move when the time comes.

Another thing that is necessary to deal in this market is access to the correct information. Contacts are important. One such example is, if a country has a coup, you might think that the currency will go down. However, if you have a contact, you may find out that the new government is progressive and is making changes that would help the currency.

As you can see, the currency option market is a little bit different from the foreign currency market. This kind of trading relies on the foreign exchange currency market but deals with the big picture.

What Currency To Use When Vacationing In Mexico

While it may seem a simple question to some, what currency you should use while vacationing in Mexico is often asked and more often gotten wrong. Most people know that the national currency of Mexico is the Peso, but most assume that the American dollar works just as well, if not better. It is a common misconception that Mexican merchants and vendors see the dollar as more desirable and revered, but that is not necessarily true.

Most retailers and merchants in Mexico will politely accept American dollars, but they prefer Pesos. The exception would be in Northern Mexico and Baja where merchants happily accept dollars and there isn't much chance to offend. You just need to make sure in these cases that you get a fair exchange rate. It is also a better deal for the tourist to use Pesos because prices are almost always less expensive when using Pesos.

You can plan ahead and use a currency exchange service before you travel, although you may find that a currency exchange at the airport might give you the best exchange rate.  A good bill amount to obtain might be 500 Pesos, which would come in handy for tipping the bellman or a waiter. You can use your debit or credit card for all your other transactions and you can take along traveler's checks for any emergency that comes along. All of your cards and travelers checks can be replaced if stolen so don't take an inordinate amount of cash with you.

If you run low on cash you can always replenish your pocketbook at the many ATM bank machines that are prevalent in resort areas. You can cash your traveler's checks at an exchange house or a bank, which will result in the face value of the check multiplied by that day's rate of exchange. If the place you go tries to charge a fee for doing this, go somewhere else, as it is not common practice to levy fees or commissions for cashing traveler's checks.

And don't forget that friends and family will appreciate and enjoy seeing coins and currency from distant lands when you get home. Be sure to keep some Pesos to give a show and tell when you return. If you have children you will especially appreciate how much they will enjoy showing off your "booty" to their friends. And putting some of the Pesos you get while on vacation into your scrapbook or photo album will be a great reminder of all the fun you had in Mexico.

Using the currency of Mexico will not only make your cash go farther, but it will also stimulate your mind as you take in all the colorful images printed on the Pesos and immerse yourself into the culture of Mexico. Go to a currency exchange service and get a lot of different small denominations. Learning what certain everyday items cost and how little you have to spend to have a good time will only serve to better your vacation experience. Have fun!