Frank26, Pimpy, Lynette Zang and more Wednesday Afternoon 12-9-2020
TNT:
Tishwash: Oil prices fall after jump in U.S. inventories
Oil prices fell on Wednesday, feeding an unexpected jump in U.S. oil inventories and concerns about slow demand, but positive news about Coved-19 vaccines boosted investor optimism about a recovery in fuel demand, limiting losses.
Brent crude futures fell 17 cents, or 0.35%, to $48.67 a barrel by 0522 GMT, after rising 5 cents the previous day. West Texas Intermediate futures fell 15 cents, or 0.33%, to $45.45 after losing 16 cents on Tuesday.
The American Petroleum Institute (IPC) said Tuesday that U.S. crude oil, gasoline and distillation inventories rose sharply last week, with crude inventories jumping by 1.14 million barrels, and weekly official oil data from the U.S. Energy Information Administration (EIA) is scheduled for Wednesday.
Britain began mass vaccinations on Tuesday in a global campaign that is one of the biggest logistical challenges in peacetime history.
News of the vaccine has helped allay fears of a sharp rise in coronavirus infections worldwide that have led to a series of renewed closures, including crackdowns in California, Germany and South Korea.
Hedge fund managers were major buyers of petroleum futures and options last week for the fourth week in a row, in a sign of increased confidence that CORONA vaccines will lead to a recovery in oil consumption next year. link
Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 ...the tellers. That's where we are at...Kazemi is this close {fingers close together} to bringing the CBI governor with him to make an announcement to the citizens of Iraq. BTW this information had to trickle down slowly. For you, the international world? No. The Iraqi citizens. Why? It must not fail with the Iraqi citizens...
Walkingstick and Intel Guru Frank26 We believe that based on all that we have been seeing and studying and understand that they are going to release the new small category notes to the Iraqi citizens. And we believe it's going to be a 1, 5, 10, 25...we also believe there will be a 50 and a 100 note...the 1000 will be pulled out of circulation rather quickly ...the 250 and 500 will remain in circulation for a good amount of time...they all will remain legit and tender...I would say to you, learn when to hold them and learn when to fold them...
Pimpy Here's another thing you need to know. I don't mind sharing it with you. There has been large. And I mean extremely large movement on Iraqi dinar, especially in the last year. They're going to a lot of institutions, specially central banks. I was thinking 'why the hell is this happening'? What is going on that they are not saying?' There's been a lot of speculation out there. Yes, it appears finally some type of rate change is going to come out.
Pimpy ...Call me crazy but I can't help but think the first rate you see is going to be some type of teaser rate...right now I get 1190 dinars for one of my dollars. They might say 'ok, we'll increase the rate and now you only get 800 or 900 dinars for $1'. So it might not be anything really big. So just be careful...so what are you gonna do Pimpy? ...you earn back your money plus 25%. No, I'm just gonna sit on my dinars because I know what's coming. The more developed that country becomes the more outside investors come in there the more the dinar goes up in value. I think what they're gonna try to do is suck us speculators in there...who have been waiting 16 years and right now they'll take anything and you'll dump your dinars on the market and they will pick them up dirt cheap and eventually it will start to go up in value...It's exciting times right now.
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Iraq-IMF Discuss New Dinar Rate/Pope Visits March 2021
Currency365: Dec 9, 2020
Q&A WITH LYNETTE ZANG
WHY DO CENTRAL BANKS BUY GOLD, MUNICIPAL BONDS…
Tabor R: I understand gold & silver are extremely undervalued, who or what will be the deciding factor in the true realization of their value?
Edgar M: Why do the central banks and sovereign nations buy gold if they plan to digitize everything? Mustard Growth: What would you tell your mother if you knew that she was largely holding municipal bonds in her portfolio?
Rdfar4: When they implement the digital dollar what happens with the fiat currency we have out of the banks? Does it become worthless? Will we be able to bring it to the banks to be converted to digital?
Jwrath7: If you had credit card debt and very little, or no physical gold/silver, would you focus on paying down the debt as quickly as possible before buying physical? Or pay the minimums on debt and buy as much physical as you can afford?