IQD Calls Chat Early Friday 8-30-19 Part 1 of 2
IQD Calls Chat Early Friday 8-30-19 Part 1 of 2
larrykn Good Morning everyone
larrykn Iraq slams Bahrain statement on paramilitary base attacks https://www.thebaghdadpost.com/en/Story/43832/Iraq-slams-Bahrain-statement-on-paramilitary-base-attacks
larrykn Gold moves towards its biggest monthly gain in 3 years
Economy News _ Baghdad Gold rose slightly on Friday, heading for its biggest monthly gain in more than three years as bets on safe havens strengthened, amid concerns over slowing global growth and hopes of a cut in interest rates by central banks around the world.
At 0637 GMT, the spot price of gold was up 0.2 percent to $1,530.60 an ounce, heading for gains of more than eight percent for the month, the largest since June 2016.
According to Reuters, U.S. gold futures climbed 0.3 percent to $1,540.80.
"This is just a technical recovery," said Vandana Bharti, associate vice president of commodity market research at SMC Comtrade. People look to gold as a truly safe haven... They use every downturn as a buying opportunity."
Silver rose 0.8 percent in spot trading to $18.39 an ounce, after last Thursday's peak since April 2017. The metal is on its biggest monthly gain since June 2016.
Platinum climbed 1 percent to $925 an ounce, after touching its highest level since April 2018 in the previous session. The metal has been up more than seven percent since the beginning of this month and is heading for its biggest monthly gain since January 2018.
Palladium is up 0.9 percent to $1,487.15 an ounce, but is falling for the second month in a row. http://economy-news.net/content.php?id=17606
chattels sandyf The reason I asked is that you are the first person that I have seen move the decimal points on the value of the dinar (1190 to 1.190) as opposed to the zeroes on the currency itself (25,000 to 25)
larrykn Baghdad-Kirkuk road cut off for this reason Political | 01:03 - 30/08/2019
The government's ability to manage the country's security and security, as well
Mawazine News, a reporter / Mawazine News, Friday, cut off the road Baghdad - Kirkuk, temporarily.
"The Baghdad-Kirkuk road has been temporarily cut off to go and diverted on the Lilan road for three days," our correspondent said.
"The cut came to pull out a new 400 K.V. power line to improve Kirkuk's electricity," he said. https://www.mawazin.net/Details.aspx?jimare=62637
larrykn chattels I don't think that is right chattlels
chattels larrykn What is right ?
larrykn but then people are talking about a lop, I don't see that either, they have told us in articles that they weren't going to lop,then again they do lie.
larrykn what you said above about Sandyf
chattels infra above ...................... " sandyf@chattels sandyf Is the following an accurate quote from you ? " In a Redenomination the old currency IQD at 1190/USD would be replaced by a new currency, possibly IQR, at 1.190/USD, deleting 3 zeros. The monetary unit(Dinar) would be revalued from 1190/USD to 1.190/USD which would be an increase in the value of the Dinar against the dollar and lead to an increase in purchasing power."
Yes that is what I posted. The point being that the monetary unit(Dinar) and the currency are 2 separate entities, the monetary unit comes under the government and the currency the CBI. The end result of any redenomination is to revalue the monetary unit."
chattels " 1.190/USD, deleting 3 zeros. The monetary unit(Dinar) would be revalued from 1190/USD to 1.190/USD "
chattels " Yes that is what I posted."
larrykn so your agreeing with him?
chattels I am quoting and re-quoting from sandyf himself.
chattels larrykn No, just trying to confirm whether he said it.
larrykn I read that the other day, but I'm not sure that is what is going to happen, even though if you remember that article from BGG back in 2013 were it was talking about testing the rates at between $113 to $122
chattels larrykn Frankly, after all these years I have no idea what is meant by deletion of the zeroes and I wonder whether anyone does know for sure.
larrykn I agree there are many ways for that to happen IMO
chattels I simply hope that some day the currency that I have will be worth substantially more than it is. I care little about how it happens.
larrykn me too :)
chattels Not much time this morning. Have a fine day all.
Tex still haging onta that dime huh lol
Baxter WELL.. I finally bought me a place in florida... Now if the hurricane will leave it alone...Im all set for winter
Matt SKELFLA What do you think? ever gonna happen
SKELFLA Personally, from what I know first hand there is definitely a covert play ongoing by certain institutions involving the IQD whether that translates into the average speculator making a return is something else. I just don't know.
JoeSchmoe I don't see how they could just let all us speculators/investors believe and keep buying more of this thing, and not tell us we won't make out, if that in fact is a fact.
JoeSchmoe for 10-16 years people have been invested in this, are they just going to all of a sudden, at the end, tell everyone they are screwed?
SKELFLA JoeSchmoe that's life.. Most things of this magnitude never roll down to the average Joe.
JoeSchmoe well it looks like we will at least find out soon
SKELFLA JoeSchmoe Until a bonafide economist can tell me how Iraq could back a meaningful RV with more than 42trillion IQD in existence I will sit firmly on the fence.
JoeSchmoe how much of that 42 trillion is in country
SKELFLA JoeSchmoe Yes that's for sure.
SKELFLA JoeSchmoe Hard to say.... But a reasonable guess and from I have been able to find out is about 80%
JoeSchmoe well a dinar will always be worth a dinar, no matter what the outside exchange rate is
JoeSchmoe their price on goods will increase with the rate
JoeSchmoe so do the math, cuz it's too early to do it here, lol. What is 20% of 42 trillion
JoeSchmoe figure that out, and if that is in fact the figure, then that is what they will have to cover
JoeSchmoe not the full 42 trillion
JoeSchmoe or maybe I am still sleeping....
SKELFLA JoeSchmoe Personally my believe is certain institutions are amassing Dinar to use as the basis of a new derivative for trade along China's One Belt One Road initiative... A type of reserve currency they can structure as a foundation. Whether than translates into profits for the average speculator only time will tell
future Iraq doesnt care whats outside their country borders
future al that maters is inside their country they dont give a sh** i we become rich or not
SKELFLA JoeSchmoe I don't think it works like that lol
JoeSchmoe I'm just trying to banter the idea people throw out there of this can't happen cuz of the amount in circulation. If, in fact, it is only 20% of that 42 trillion, thenn that is the amout they would have to cover. Not the full 42
future Iraq cares about their own citizens and purchasing power
future we happen to own their currency when we convert our dinar into usd
SKELFLA No I'm saying 80% and its just a guess ... Is inside iraq
SKELFLA future I wouldn't say b*... IMF have some pretty solid estimates ...and if you go by their numbers its well over 42t
future inflated old numbers
future if their was 42 trillion dinar in country that means the cbi hasnt been doing their jobs for years
SKELFLA No IMF numbers are recent...in fact they have come down but they are projecting it to exceed 50t in 2020
SKELFLA future The note count was much higher justba few years ago 70t plus
future and u believe that crap?
JoeSchmoe it's too early to think about all this
future funny how most iraqis are poor who hoarding al those trillions?
SKELFLA future Yes because the IMF wouldn't release estimates that weren't in their opinion factual.
future ok buddy u keep beliving them inflated numbers
SKELFLA future Well that's a combination of factors their bidding projects are so corrupt that trillions get siphoned off for the most mundane projects.
SKELFLA future Fair enough...
Zig SKELFLA : You sure have added pep to this chat room!..... :T-Y:
SKELFLA Zig Hi ZIG
SKELFLA Zig And I am not Kap! Lol I sent some of my credentials to Baxter...
JoeSchmoe SKELFLA Do you own any dinar, and are waiting for something to happen in our favor?
SKELFLA JoeSchmoe good question. Its not an easy one to answer. I don't personally hold Dinar. But I am involved in large Dinar transactions of which I benefit from.. I hope that answers your question.
JoeSchmoe SKELFLA heres another one then....are you trying to dissuade us from this thing/
future hmm thought so
Tebow future Gurus got to love them! LOL
SKELFLA JoeSchmoe My involvement doesn't require an RV for me to benefit. But I am obviously interested.
JoeSchmoe SKELFLA what is your purpose in here? Is it to convince us that this won't happen, or are you trying to find info to believe that it will?
SKELFLA JoeSchmoe Not at all ! I'm been very clear on my position.
JoeSchmoe which is?
JoeSchmoe I guess i did not catch it cuz got in late
spankie not negative news- fact that there are large purchases says something is up
SKELFLA JoeSchmoe Read what I have posted. I think I have been VERY clear...
Tebow Sam Iam
JoeSchmoe spankie we will at least find out one way or the other hopefull soon
SKELFLA spankie Exactly ! Whether that translates into the average speculator making a return is yet to be seen. I'm on the fence.
JoeSchmoe spankie and "IF" what has been said about 000 and ld's coinciding for 10 years, then we can at least get our money back, or most of it, if this doesn't go in our favor
JoeSchmoe so tell me who would sell back just because of this
Tebow no one
30 Aug 19, 08:57 AM spankie SKELFLA u sound like a currency broker for theses large purchases
JoeSchmoe your fate is the same
JoeSchmoe so until the cbi or us gov tells me that I won't make out, and I have to sell my currency back now or lose everything, I stand hard
Tebow spankie Sam Iam talk
SKELFLA spankie no not a currency broker!
Tebow xyz bright
JoeSchmoe whoever skefla gave his info to, I know Sam's real name. Won't say it in here again
SKELFLA JoeSchmoe lol I'm a not sam..
JoeSchmoe not saying you are. Just putting that out there for people who think you are
spankie skelfa is a different name- where r u from
JoeSchmoe So whomever he gave his supposedly real info to, if his first name doesn't begin with an "R", then it's not sam
JoeSchmoe surf check. aloha
SKELFLA JoeSchmoe ?? Why would my first name need to begin with R?
SKELFLA spankie I don't know what you mean.... Baxter has some of my credentials and I'm happy to provide more. Which will put to rest any doubts ...
SKELFLA JoeSchmoe Lol I misread it... You were referring to sam..
SKELFLA Tebow oh Tebow! You really have zero substance to any of your statements ! How can I be a guru? I've been very clear on my stance.
Young_SC SKELFLA lolol@ more conference calls happening
Young_SC SKELFLA to talk about what?
SKELFLA Young_SC I have scheduled calls twice a week ... They are not b* guru calls they a private calls involving my business
Young_SC What business is that?
Young_SC Im curious to know
SKELFLA Range of things ...namely crude and of course IQD
Young_SC Lol ok
SKELFLA Baxter has my credentials I'm sure he's attempting to verify them now.
SKELFLA Young_SC What do you do?
Matt SKELFLA Thank You
SKELFLA Matt For what ?
AM Matt being here
SKELFLA Matt Lol OK.
Zig SKELFLA : Curious as to how you discovered this chat room.....
SKELFLA Zig trying to remember... I was trying to find someone who wasn't a guru who was knowledgeable and not FOS and came across this chat room in my search.
SKELFLA I specifically wanted someone to give a reasonable answer to how they could RV with their significant money supply. A sound theory.
SKELFLA Because these institutions are not in the habit of losing money..
foxmulder SKELFLA I'm sure through out the yrs you have read , what the intentions of the CBI are ? Correct
foxmulder When statements made saying they want to make the dinar strong against the dollar, what does that imply to you ?
SKELFLA foxmulder Yes, and I have met on several occasions with CBI officials.. There is a disconnect to what the public reads and what the CBI can and will do.
SKELFLA foxmulder Its not as clear cut as that.