I agree with most of what Sather is saying except for his conclusion about the Dinar. Yes, there is a lot of misinfo and scamming in the past, but I've always considered it a very real investment opportunity. The reason is the Dinar has been pegged to the US dollar for the past 20 years to remain stable, but that cannot last. Soon Iraq must unpeg from the dollar and go international on Forex. It has been making a lot of progress toward that goal through the IMF. When it hits Forex, there will be demand for it based on Iraq's growing economy and oil exports. Iraq is currently in the process of de-dollarizing along with Saudi Arabia, and will soon abandon the petrodollar which will complete the process of unpegging. That's when it hits Forex and the value will float upward. For this reason, I'm invested in both the Dinar and the Iraqi Stock Exchange (ISX).
I agree with most of what Sather is saying except for his conclusion about the Dinar. Yes, there is a lot of misinfo and scamming in the past, but I've always considered it a very real investment opportunity. The reason is the Dinar has been pegged to the US dollar for the past 20 years to remain stable, but that cannot last. Soon Iraq must unpeg from the dollar and go international on Forex. It has been making a lot of progress toward that goal through the IMF. When it hits Forex, there will be demand for it based on Iraq's growing economy and oil exports. Iraq is currently in the process of de-dollarizing along with Saudi Arabia, and will soon abandon the petrodollar which will complete the process of unpegging. That's when it hits Forex and the value will float upward. For this reason, I'm invested in both the Dinar and the Iraqi Stock Exchange (ISX).