1. CHINA CAN NOT BUY THE CURRENCY DIRECT 2. CHINA HAS TO PURCHASE THE CURRENCY VIA PRIVATE PLACEMENTS AND GROUPS 3. THIS IS WHY WELLS FARGO IS THE MAIN DEPOSITORY INSTITUTION FOR THE PRIVATE PLACEMENTS AND THE GROUP DEALS TAKING PLACE DAILY.................. |
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1 comment:
ok now thats just plain silly for real. why do you want folks to think that china who is heavily invested in iraq in multiple areas cannot buy pallets of paper currency from the iraqi govt? an example: historically the middle eastern dinar has been gold backed in the true sense. what does china have literally tons and tons of? yep you guessed it GOLD!! you seriously think that the iraqis wouldnt take a ton of gold for its equivalent current value in dinar? if they were to purchase it today 1 metric tonne of gold would buy at least $50,428,840,000 iraqi dinars @ 1168. chinas last official declaration on their gold holdings was in 2009 at 1,054 tonnes, today it is conservatively estimated to be at the very least 4x that amount. now while it is believable that china may want to acquire paper dinar for whatever purpose its foolish and irresponsible of you mr/mrs/ms anonymous dinar guru to state as fact that an economic powerhouse such as china can only purchase a currently hyper-inflated iqd through alternative methods with a basis on public holdings of foreign citizens.
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