Iraqi Dinar Investment?

[Apocrypha]

Originally Posted by Monterrey

I heard that they will promise you 100 virgins also if you will just carry this package into the bank,


Allah Akbar!

You would be wiser to invest in the upcoming Gulf States currency which is being labeled the Gulfo.

Once they dump the dollar for trading petrolium that huge backwash of fiat money reserve tied into the petro commodities trade is gonna crush us.

[Monterrey]

Originally Posted by Apocrypha

You would be wiser to invest in the upcoming Gulf States currency which is being labeled the Gulfo.

Once they dump the dollar for trading petrolium that huge backwash of fiat money reserve tied into the petro commodities trade is gonna crush us.

Are you serious on that currency?

You know, everyone mocked the euro when it came out, it was 1/1 to the dollar. Now it is 1 euro to 1.48 dollars. I wonder who is mocking now?

The yen is stronger than the dollar.

I have considered silver, either in bullion or coins. Down in mexico you can buy a silver coin in hardware stores.

[Apocrypha]

Originally Posted by Monterrey

Are you serious on that currency?

You know, everyone mocked the euro when it came out, it was 1/1 to the dollar. Now it is 1 euro to 1.48 dollars. I wonder who is mocking now?

The yen is stronger than the dollar.

I have considered silver, either in bullion or coins. Down in mexico you can buy a silver coin in hardware stores.

http://www.rightsidenews.com/2009121...-currency.html

Petro-Powers to Launch Gulfo Currency
Written by The Daily Bell
Friday, 18 December 2009 06:46


"The Gulf monetary union pact has come into effect," said Kuwait's finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait. The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40% of the world's proven oil reserves, and financial clout equal to that of China. Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank.

The Emirates are staying out for now - irked that the bank will be located in Riyadh at the insistence of Saudi King Abdullah rather than in Abu Dhabi. They are expected join later, along with Oman. The Gulf states remain divided over the wisdom of anchoring their economies to the US dollar. The Gulf currency - dubbed "Gulfo" - is likely to track a global exchange basket and may ultimately float as a regional reserve currency in its own right.


"The US dollar has failed. We need to delink," said Nahed Taher, chief executive of Bahrain's Gulf One Investment Bank. - Telegraph

[Apocrypha]

Originally Posted by Monterrey

Are you serious on that currency?

You know, everyone mocked the euro when it came out, it was 1/1 to the dollar. Now it is 1 euro to 1.48 dollars. I wonder who is mocking now?

The yen is stronger than the dollar.

I have considered silver, either in bullion or coins. Down in mexico you can buy a silver coin in hardware stores.

If I were to invest in a commodity it would be Coltan. Maybe Palladium. Neither of which are speculator bait like gold. Its not a emotional buy but a market driven buy.

Finite quantity and necessary for many modern communications technologies like cell phones.