[BWM] Good Morning MIG...
[beenready] BWM How are you this fine day
[BWM] beenready up and about...
[beenready] BWM that's all we can hope for
[beenready] BWM any new hope out there or is recaps up to date..lol
[BWM] beenready lot's of speculation... and as you see, the usual "confliction" is going on in the articles about the zeros...
[beenready] BWM are you on board with Jan 1st being the most likely of scenerios?
[beenready] BWM or better yet would you consider that your drop dead date of anything happening soon?
[BWM] beenready that particular date isn't really in my scenarios... I just don't see a "hard" date like that... it seems too easy IMO
[jtolsn] can i ask a ?
[BWM] beenready had 3 different scenarios... can't really say that I've put a "hard" date on any of those tho...
Read More Link on Right
[BWM] jtolsn go for it...
[jtolsn] if you 'x' amount to spend - which of the two would you buy? iqd or vnd?
[beenready] BWM ..Thanks for answering...
[BWM] jtolsn good question... give me a second to give my thought process on that
[BWM] let's look at 1 million of IQD vs. VND... and we'll use retail pricing to keep it simple... so we'll go a 1050 for a million IQD and 80 for VND... so if the numbers keep coming up and we do the math... let's go 3.42 for IQD and .05 for the VND... so that's 3.42M USD for the IQD and 50k for the VND... now we look at the ROI%... for the IQD we take the 3.42M divide by 1050 and we get a return of 3257% for our million dinar... the VND is 50k divided by 80 and we get 625%... the key is at what level each come out at and what is the "breaking" point that the VND would have to reach to allow more return on the dollar than the IQD.. also your costs could reflect a higher return if you got a good deal
[jtolsn] bwn as a disclaimer, you are not a financial or tax adviser and your comments are strictly an opinion and are not to be construed as investment advice.
[freedom13] BWM minethinking says before jan1st closer to now then later
[Rally2invest] Was anyone surprised by the post on recaps about zimbabwe removing the zeros?
Rally2invest] I remember about 6 months ago, (ghost) simply stated, "dont forget zimbabwe is in the basket
[rango123] Rally2invest zambia kwacha
[Rally2invest] didnt think much of it, however if they are removing the zeros and Iraq is removing the zeros AND if the are acurate on it being January 1st...there might be something happening
[rango123] zimbabwe is home to the 100 trillion dollar bill they have alot of zeros to play with
[Rally2invest] rango123 dont know much about zimbabwe...just filed that info in my brain, and then clicked when I saw the article on recaps :) We know Iraq has not been acurate on their timeline, If zimbabwe is acurate and IF they are part of the same basket..
[BWM] Rally2invest zimbabwe could be a true lop just because of the numbers on their currency, billion, etc.
[Rally2invest] BWM thanks!! you speak ROI % are you a real estate investor, currency?
[BWM] Rally2invest nope... have done some stock investing in the past... and have spent many hours over the last few years learning about this and other investments...
[rango123] Rally2invest zambia came out out said "by jan 1"
[rango123] also sounds like they are using dual currencies
[Rally2invest] rango123 USD?
ally2invest] BWM just curious, Im real estate. Just learning currency. And not to well lol
[rango123] Rally2invest lopped along with non-lopped bills- kwacha
[BWM] Rally2invest really same principles when you looking at ROI... value changes, market analysis and such
[jtolsn] bwm right,. wasnt the vnd at $2 - eons ago?
[rango123] Rally2invest thats from what i read and concluded and that is assuming the article had a truthful bias regarding the kwacha
[Rally2invest] BWM my challenges with currency has been the M0, M1, M2 and wondering if that will all change in the future
[BWM] Rally2invest there are a number of currencies to look at... the problems multiply tho... ppl don't understand that currency "cashin" is a courtesy by banks... so where you can cashin some of the currencies that you might get into could get sketchy...