Investing in Iraqi Dinars

[mightymike]

My GF is thinking about buying $800 worth, and asked me to look into it. She said our Manatee County
Tax collector just bought $20k worth, and that they are going to revalue the currency.


So I've been looking it up, and found a website called something like http://www.iraqidinar.org" onclick="window.open(this.href);return false; , and their graph showed that against the dollar, that you would have lost 15% had you invested in 2004.

So I told her, I don't know. Sounds like gambling to me. Don't risk more than you're willing to lose.
The reason I'm posting this is to see if anyone else kows about this, and can add some information.

Thx, Mike

[chrisom]

Here you go; Enjoy- co

http://www.thesurvivalpodcast.com/episo ... ck-9-20-10" onclick="window.open(this.href);return false;

Episode-513- Listener Feedback 9-20-10
By Modern Survival, on September 20th, 2010%

Back from the BOL and ready to rock on a Monday with another batch of great questions from the audience. Today we discuss a new super bug, investing in the Iraqi Dinar, wood gasification, a successful lawsuit against Monsanto and more.

Join me today as we answer your emails about….

Thoughts on the Iraqi Dinar (dollar)
Cuba moves toward capitalism while the U.S. heads to socialism? Yep!
Turning inherited land into a homestead on a budge with limited income
A new super bug makes the leap from India to the US and Canada
Advantages and disadvantages of the cross bow for SHTF
A listener gives us a lesson in wood Gasification 101
Field feedback from a listener that got to hang out with Dave Canterbury
A lawsuit against Monsanto and the scary part no one is really talking about
When the SHTF and you can’t take everything how do you decide what to take and what to leave

[chrisom]

I'm not a financial advisor, but I do know this- All currencies are fiat today, and not backed by anything. When economies begin to crumble, those with insider knowledge usually get out of paper stocks, bonds & currencies and stock up on hard commodity assets they can hold which people are already going to use anyway, plus items which retain or gain value during huge inflation (precious metal, food, energy, water, land, brass & lead, coffee, beer, smokes, tubes, strings, Metro Amps... ). Anything that will be much higher or unavailable later. The best source I know for advice is Lew Rockwell Dot Com. His short podcast with Charles Goyette (author of The Dollar MeltDown- How To Survive) is excellent- co
http://www.lewrockwell.com/lewrockwell- ... tor-state/" onclick="window.open(this.href);return false;

[SteadyEddie]

I wouldn't do that. A guy I work with "invested" 300 bucks in that. I don't think he's seen any money back.

[chrisom]

Yeah, the was was the podcast author's take on the Dinar, too.

[mightymike]

Thanks for the advice. I asked my uncle about it, and he advised against it too, becasue he looks at Iraq as an unstable country. He recommended investing in Gold, better yet Silver.

[chrisom]

Wished I would have thought of silver not too long ago when it was $5 per ounce

[mightymike]

PS: I hope Monsanto get's hit hard. They are endangering the world food supply.

[chrisom]

People would do good to have a little garden from good seeds. Even just some beefsteak tomatoes in the back yard with pole-beans climbing a trellis. Once started, they take care of theirselves and taste great. My grandparents did this and live to be 99.5 and 95 years old... Then folks'd have more money for guitars and amps, too.

[mightymike]

True, but if a bee pollinates your farm from a neighboring Monsanto grown farm, then Monsanto considers your seed a copyright infringement, even if the pollination was unwanted, and your seed stock dates back in your family more than 100 years. They are an insidious corporation, and are corrupting the genetics of our food. If they can, they would eliminate all free seed lines, so that everyone will have to buy their sterile GM'd seed.

[chrisom]

When I was in the Philippines and India, I saw Monsanto seed houses everywhere. The folks I met there have been clue'd in though, and some are now using and trying to save non-GMO, non-hybrid seeds from below, in small enough and isolated enough applications to avoid some of those issues.

http://www.survivalistseeds.com/" onclick="window.open(this.href);return false;

http://www.evergreenseeds.com/vegetableseeds.html" onclick="window.open(this.href);return false;

http://www.backwoodshome.com/" onclick="window.open(this.href);return false;

https://ofthefield.com/resources/" onclick="window.open(this.href);return false;

The Seed-Savers Handbook by Bubel, Rodale Publications

Mother Earth News Magazine