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Author Topic: Iraqi Dinar  (Read 13407 times)

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greenEGnHAWGS

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Re: Iraqi Dinar
« Reply #300 on: December 01, 2018, 09:01:23 pm »

Pretty sure it was Kevin from "The Office," not Dwight that said that. That should taken into consideration of your reasoning.

Ha ha...youíre correct. It was Kevin. But the truth still stands. Very low investments are worth it when the odds are that big.
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Dr. Leonard Ford

Re: Iraqi Dinar
« Reply #301 on: December 06, 2018, 03:04:03 pm »

Yep. I donít disagree.

Hereís basically what I know:

1. After Hussein (Sadam, not Barack) was overthrown, they printed all new currency.

2. That new Dinar currency is worthless.

3. Iraq has a VERY large compilation of wealth in natural resources.

4. Of the Dinar was to be re-valued according to its actual wealth, it would be worth...SOMETHING.

5. If I buy 100k Dinar for $88 and nothing ever happens, Iím out $88 (or can sell it on eBay for $88). If it DOES revalue at even 1 Dinar = $1...then Iíll be a very happy man.

I fully understand the risk of just how much of a long shot this is, but again...if someone gives you a million-to-one odds...you take it every time. Cuz you never know...

PM me.  I've got some investments to get rid of that you might like.
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greenEGnHAWGS

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Re: Iraqi Dinar
« Reply #302 on: December 07, 2018, 02:05:50 pm »

PM me.  I've got some investments to get rid of that you might like.

If theyíre .00089 on the dollar and there is a rhyme and reason to an investment, then sure. Hit me up.
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hog.goblin

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Re: Iraqi Dinar
« Reply #303 on: December 07, 2018, 08:58:50 pm »

Ha ha...youíre correct. It was Kevin. But the truth still stands. Very low investments are worth it when the odds are that big.

"You Keep Using That Word, I Do Not Think It Means What You Think It Means"
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greenEGnHAWGS

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Re: Iraqi Dinar
« Reply #304 on: December 07, 2018, 11:27:56 pm »

"You Keep Using That Word, I Do Not Think It Means What You Think It Means"

Sorry...putting money into a certain place for the hopes of a profit. Didnít mean to incorrectly use it...
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HogFansReunited

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Re: Iraqi Dinar
« Reply #305 on: December 13, 2018, 08:32:00 pm »

Sorry...putting money into a certain place for the hopes of a profit. Didnít mean to incorrectly use it...

An investment is different than playing the lotto.

greenEGnHAWGS

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Re: Iraqi Dinar
« Reply #306 on: December 13, 2018, 09:23:17 pm »

An investment is different than playing the lotto.

Agreed. The difference is if I just gave up on the Dinar, Iíll get back almost exactly what I put into it. If it hits on a one in a million shot, then it will have been worth it. Definitely a better ďinvestmentĒ than scratching pieces of paper or watching powerballs.
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Anybody

Re: Iraqi Dinar
« Reply #307 on: February 16, 2019, 11:57:42 pm »

Close.
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thebignasty

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Re: Iraqi Dinar
« Reply #308 on: February 17, 2019, 08:15:55 am »

Agreed. The difference is if I just gave up on the Dinar, Iíll get back almost exactly what I put into it. If it hits on a one in a million shot, then it will have been worth it. Definitely a better ďinvestmentĒ than scratching pieces of paper or watching powerballs.

Depends on what game you play in the lotto, some of them have much better odds at providing a return than buying up worthless currency.
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greenEGnHAWGS

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Re: Iraqi Dinar
« Reply #309 on: February 18, 2019, 03:21:16 pm »

Depends on what game you play in the lotto, some of them have much better odds at providing a return than buying up worthless currency.

Except if you donít win on the lotto ticket, you canít just resell it for what you put into it. ďWorthless currencyĒ is just that and can be turned back in for what Iíve got into it.

Will it happen? Probably not.

If it does (and itís a big if)? Owners of Dinar will be happy. Itís zero risk with a minuscule chance of huge reward. Why not buy some? Itís not like you have to put in thousands of dollars to make a meaningful return? I mean, if you canít afford $20 then you probably have more problems than just investments.
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