Happy Tuesday Dinarians,
This question was sent to my Mailbag recently by a woman using the name of “Ginger”. Rather than pontificate now, read my response to her after her initial question.
— On Thu, 04 Sep 2014 13:22:05 – “Ginger” wrote —
I am unsure if it is appropriate to ask you a question about the dong, since your site is about the dinar. So no hard feelings if your response is simply, “Sorry- no dice. This is not a dong site.”
A dear friend of mine suggested that I buy either dinar or dong, and since I had very little money, he suggested that I buy the dong since it is less expensive. He went on and on about how he’s in a secret group that has secret information, etc. He continued to tell me that he’s had psychic readings about how this is really going to happen.
I’m pretty spiritual, and I believe in some of the Angel readings stuff, depending upon the source. Anyway, my intuition kicked in and it took me a few weeks to realize that the persons my friend is following for advice are complete douchebag criminals (TNT Tony and “DC”). Thank you so much for your website!!! But there is NO telling my friend this… Mr. IQD, I’ve never seen anything like this- the blind faith that my friend has in these criminals! It really is like a cult.
So, back to the reason I am writing to you: My friend was the only person I could rely on to explain to me why the dong was a meaningful investment- something about how China needs oil and has to use a different currency to purchase it (?). Now I’m starting to wonder if the information my friend imparted to me was based on lies from the dinar douchebags.
I kind of wish I had used my money on dinar instead of dong, now that it really looks like the RV may happen. I’m just wondering if you have some real insight as to whether it truly is a good thing that I have purchased the dong. Do you have information regarding whether the dong will revalue after the dinar?
I feel so confused, and there are so many lies out there.
I am grateful for whatever information or even web links you can direct me to so that I can try to understand the big picture sans douchebag-ery.
Here is the email response I had sent to Ginger:
Thank God you woke up to the lies and I’m honored to try to assist you. 🙂
First, I hate to say this, but you will have to forget your friend, love them, but don’t listen to their advice about the Dong or Dinar – especially when you realized that their “source” is Tony TNT! So, be polite, love them, don’t fight with them, but you need to protect yourself and move on.
Now, you are right – I’m “Mr. IQD” and not “Mr. Dong” which incidentally would be a really good name for a porn website…. (I hope you got a good laugh and not was offended )
3.5+ years ago when I first got in to this adventure with the IQD, the Vietnam Dong was also presented to me, but after I added it up for the then “RV RATE” of $0.05 to 1 Dong – compared to what the IQD was/is supposed to “RV” at, I decided to only spend my money on the IQD, the return was actually better!
Next, I also looked at the economic and political environment of both Countries and I had to admit that it appears that the Iraqi Dinar has a much better “reason“ to Revalue.
1st – it historically was higher – even when Saddam was in charge, it was still a high exchange rate, until Saddam was a bad boy and started attacking Kuwait, and causing all kinds of other grief as Dictator.
2nd – The UN and World Powers including the US crushed the IQD artificially – it dropped down to below today’s rate because of these economic sanctions and other pressures!
3rd – With the minerals and Oil which are some of the best in the world, Iraq is literally sitting on a Gold Mine – they can’t help but be wealthy if they can just get their Political system in order – which by the recent news, Iraq is just about finally past all the garbage that Maliki made them suffer through over the past 8 years.
Iraq Conclusion – 3 excellent reasons the IQD will revalue at some point in the future – when, nobody knows. Indications are that it will be “soon” (but in Iraq, “soon” is defined much differently as us Americans would like!) LOLL!!!
Now on to what I know about Vietnam’s chances of having a “reason” to Revalue….
1st – ??
2nd – ????
3rd – ?????!!!
Vietnam Conclusion – I don’t see any History (recent that is) of the Dong ever being worth much. I don’t see a vast wealth of Minerals and/or Oil like Iraq. Vietnam has had since the mid 70s since the war ended to get their Political and Economic System in order, and it is still a mess of corruption with heavy influence from China! That too is not all that encouraging.
I’ll let you decide on what to do next.
I would highly recommend that you listen to The IQD Team Connection’s Conference Calls – they do this every Tuesday and Thursday night at 8:00 pm (EST) and have replay info on their website if you can’t listen live. Here is the link to their website for all that info:
If you have a similar question or situation and feel the need to ask, go ahead and send me your question. If I like it enough, I’ll ask you for your permission to make it in to a post – protecting your real identity of course, like I did for “Ginger”. 🙂
~ Mr. IQD