Question: “Would I be wise to buy 500 denominations along with the 3 zero notes?” A lot of people ask me about the LOP. People are saying that’s still part of the equation/debate. No it’s not! That’s not part of the debate at all…if you look at what they’re doing in Iraq and how they’re doing it, they want to add value to their currency and lopping the 3 zeros is not adding value to their currency. As an example if you look at what’s going on with Turkey when they lopped the 3 zeros off their currency. It was because there was massive inflation and they couldn’t fix anything.
Iraq devalued their currency on purpose. They made it cheap to do business with their country…it’s a completely different ballgame. The Iraq currency is not in trouble. It’s heavily manipulated…It has to do with the note count…Information coming from the CBI – when they do start adding value to the currency that once it gets to a certain rate they are going to have another currency that’s out there that doesn’t have the 3 zeros on it. If they’re going to lop the damn dinar that you and I have that have the 3 zeros on it then there’s no reason to have a completely different note. There’s no reason for it. It doesn’t make any sense…it’s not going to lop.