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re: Iraqi Dinar

Posted on 2/23/11 at 1:29 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/23/11 at 1:29 pm to
quote:

For the record this is a ridiculous way to invest your money.


Agreed.

quote:

Inflation will kill you almost guaranteed


What? I'm not trying to be a jerk, are you talking about Iraqi inflation? That would cause depreciation and since these bills can't be held in interest bearing accounts, it would be a straight loss, so you would be right. I just find your terminoligy strange.

quote:

not to mention the likelihood of Iraq collapsing within the next 10 years at 85%.


I don't know how you quantified that, but it is a real chance, which is something that would be hard to model, not that I think any of the fools buying this stuff are actually modeling.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73574 posts
Posted on 2/23/11 at 7:21 pm to
quote:

not that I think any of the fools buying this stuff are actually modeling.


nothing wrong with using some fun/play money to buy some dinars. just don't overdo it. no one is taking it as a serious investment anyways. we have been through this kid a million times here.

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