InvestorsHub Logo
Followers 168
Posts 20689
Boards Moderated 1
Alias Born 08/09/2000

Re: realest post# 25996

Tuesday, 03/27/2012 12:29:36 PM

Tuesday, March 27, 2012 12:29:36 PM

Post# of 29692
If everyone is a millionaire - you are assuming everyone has invested in Iraqi Dinar - which is not the case. I would render a guess that less than 1% of the US population has invested any money whatsoever in Iraqi Dinar's.

In terms of a burger costing $1000 - well not hardly, but when the USD collapses having IQD will act as a hedge against the massive inflation coming our way as the USD collapses. Shades of Germany where a german mark went from being worth a US quarter to being 4 TRILLION Marks to ONE US DOLLAR

I doubt that happens with the USD, the extreme swing, but significant loss in valuation is coming. That on top of a 97%+ drop in value since 1971. Some might argue we have already had extensive inflation!

When my time on earth is gone, and my activities here are passed, I want they bury me upside down, and my critics can kiss my ass!
Robert Montgomery Knight - The General

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.