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Thread: Robert Hoffman, DinarInc Chat, 5-19-11 on SD, Part 1

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    Cool Robert Hoffman, DinarInc Chat, 5-19-11 on SD, Part 1

    18:06:25 [DinarInc] It's a pleasure being here tonight and for Dinar Inc a part of the Stardogger family
    18:06:42 [dbcooper] Ditto

    18:06:56 [coopschick] pleasure is mine/ours
    18:07:09 [DinarInc] Im not sure if any of you know my history and /or experience in the country of Iraq
    18:07:14 [Duke] DinarInc welcome
    18:07:42 [DinarInc] I started investing in Iraq back in the end of 2003'
    18:07:54 [coopschick] DinarInc please refresh our memory
    18:08:30 [DinarInc] I've been told by iraqi officials I was one of the first foreign investors in the country
    18:09:09 [DinarInc] That being said I have a lot of experience and that led me into launching Dinar Inc in 2007'
    18:10:02 [DinarInc] We are the only licensed dealer in the state of Florida the hardest state in the US thats why all dealers stay out
    18:10:14 [DinarInc] Lets talk Iraq
    18:10:48 [DinarInc] My dealings in Iraq led me to an amazing man by the name of Admiral Dave Nash
    18:11:17 [DinarInc] He was selected by the US gov to pick the team to rebeuild the country
    18:11:53 [DinarInc] He spent the first 18.4 billion dollars and selected the first 3500 projects

    18:12:27 [DinarInc] If any of you have seen him and I on a video he is not paid just believes in me and Dinar Inc


    18:13:01 [DinarInc] That being said, growth in Iraq is explosive in ever corner of the country
    18:13:40 [DinarInc] My company is the only dinar company in the world which travels to the Middle East virtually every week

    18:14:26 [DinarInc] As people who purchase the dinar you need to focus on a couple things and a couple things only

    18:14:39 [DinarInc] Oil
    18:15:16 [DinarInc] How many contracts signed how quick will it get out of the ground and into neighboring countries
    18:15:32 [DinarInc] Foreign investment

    18:15:41 [Jwdwrd] Welcome- the current chat will be posted in the forum
    18:15:53 [DinarInc] Not from westernized countries like us or Europe
    18:16:01 [DinarInc] But the Middle East

    18:16:49 [DinarInc] These factors will make a successful Iraq which will make a successful country and strong exchange rate
    18:17:41 [DinarInc] I can talk for hours on iraq. Maybe open the floor for some questions so I can elaborate more
    18:18:06 [shela1153] DinarInc you say we should focus on the oil
    18:18:07 [dbcooper] If you have any questions please ask
    18:18:24 [DinarInc] Yes, oil.
    18:19:02 [breather] Are there ways to invest dinar at the rate it is now? that may have increase potential
    18:19:21 [shela1153] they have no infrastructure, the pipeline is in great need of repair, they only have electricity 2 to 4 hours a day. how long do you think it will take them to start pumping more and reap the rewards
    18:19:26 [DinarInc] Iraq is producing 2.5 million a day. By the end of the year it will be 3 million bpd. Thats impressive
    18:19:44 [dbcooper] DinarInc agreed
    18:20:04 [DinarInc] not 2 to 4 hours more like 14-16 hours
    18:20:16 [shela1153] DinarInc impressive yes, but it doesn't matter how much they have if they can't get it out of the ground and move it or does it?
    18:20:41 [shela1153] DinarInc Question
    18:20:42 [DinarInc] Infrastructure was a bandaid back since Saddam Era.
    18:21:30 [shela1153] DinarInc from everything I've read it isn't much better now, I just read that the iraqi oil workers are threatening stike because of low pay
    18:21:30 [here2day] I got here late and may have been cover already. but do fell there is any progress being made with present gov. or will a change be needed for any future growth?
    18:21:34 [DinarInc] He spent 0 money for 30 years. Things take time
    18:21:54 [DinarInc] No change Middle East
    18:22:07 [shela1153] I guess my question is how much time to you think it will take them to get their act together, 2 years 5 years or more or less
    18:22:16 [shela1153] just an opinion is all I ask
    18:22:17 [DinarInc] Middle East does things 10 times slower than westernized life
    18:22:53 [DinarInc] They have their act together, we can't ask for much more from a war torn country
    18:23:07 [DinarInc] I go there I see it

    18:23:42 [DinarInc] Major progress
    18:24:02 [shela1153] DinarInc with all due respect, I don't think not being able to form a government and provide the people with more that 2 hrs of electricity is moving forward.
    18:24:30 [3KINGS] DinarInc do you see the iraqi people complaining about a worthless currency?
    18:25:19 [DinarInc] Im sorry but your facts of 2 hours of electric totally wrong. They more than 2 hours the day after the bombings
    18:25:45 [DinarInc] No they complain about the same thing as us "Jobs"
    18:25:55 [shela1153] DinarInc it's what I read. I've never been there and you have, so if it's wrong I stand corrected
    18:26:04 [dbcooper] DinarInc Can you explain some of the things we dicussed concerning the dealers and that the Dinar is not illegal to own outside the country?
    18:26:20 [DinarInc] Believe 1% of what you read
    18:26:43 [Jwdwrd] most of us who post know that!

    18:27:26 [DinarInc] The Iraqi Dinar is a currency of a country a thriving country growing by 6% GDP and invested by the world with hundreds of billions
    18:27:27 [Duke] Jwdwrd we o ll
    18:27:28 [shela1153] Jwdwrd well thanks, I post as much as you do, and it's what I've gleened from what I've read
    18:28:01 [DinarInc] Banks in the United States would not could not carry the Iraqi Dinar if it was illegal
    18:28:10 [DinarInc] How do I know this?
    18:28:12 [coopschick] Do they use US dollars or dinars to purchase goods with?
    18:28:12 [dbcooper] agreed

    18:28:52 [DinarInc] I am the largest wholesaler in the world, I sell to banks and financial institutions all over the world
    18:29:05 [DinarInc] Dinars and dollars

    18:29:17 [DinarInc] But every is paid in Dinar
    18:29:24 [coopschick] thank you
    18:29:58 [DinarInc] The confidence in the Dinar in the surrounding countries is amazing
    18:30:05 [shela1153] DinarInc so dinar is being traded on the open market?
    18:30:23 [DinarInc] Thats you want, that's what the IMF wanted
    18:30:28 [Jwdwrd] hey- so everyone knows- I ws referring to Iraq's media and the validity of it- not any of us!
    18:30:51 [jrenfroe] is the dinar worth less than tolit paper
    18:30:52 [Jwdwrd] we know they double talk constantly, therefor- only believe 1%
    18:30:53 [DinarInc] No chance of reprinting or getting rid of this currency to much support from trading nations
    18:30:56 [coopschick] Jwdwrd yes hon
    18:31:07 [dbcooper] DinarInc can you share your opinion as we dicussed concerning a lop or lack there of?
    18:31:51 [DinarInc] Chance of a LOP is highly unlikely and let me explain
    18:32:05 [DinarInc] Goes with that confidence factor
    18:32:13 [dbcooper] jrenfroe I can buy ALOT of rolls for 1200 bucks!
    18:32:25 [dbcooper] DinarInc ok
    18:32:26 [jrenfroe] amen
    18:32:29 [DinarInc] Inflation down from 40% to 6-8%
    18:32:44 [DinarInc] exchange rate at 1170
    18:32:56 [DinarInc] not 11,700

    18:33:35 [DinarInc] Major investment, major growth, no way. My opinion but NO WAY
    18:33:51 [shela1153] DinarInc inflation was down to 3% 3 months ago and it is now on the rise, it is expect to go to 10% by the end of the year
    18:34:21 [shela1153] and unempolyment is 21%
    18:34:32 [DinarInc] still nothing. Its because of growth. Top 10 growth country in the world
    18:34:34 [3KINGS] DinarInc do you see the dinar being worth more than the us dollar in the near future?
    18:34:56 [DinarInc] Unemployment is a problem. Hell ours is 21%
    18:35:41 [shela1153] DinarInc ;no ours is 9% and if you count the people who have stopped looking for jobs it's around 14%
    18:35:53 [shela1153] and we have roads and electricty
    18:36:02 [DinarInc] I'M not a financial advisor. Rome wasn't built in a day neither will Iraq. Growth Growth Growth. It will take care of itself
    18:36:04 [dbcooper] DinarInc if you factor the under paid temp jobs you are correct
    18:36:07 [shela1153] and we can pump our oil if our gov. would let us
    18:36:21 [dbcooper] shela1153 agreed
    18:37:11 [DinarInc] Iraq is on it's way to roads and electric
    18:37:15 [dbcooper] Some people are back to work yes, but working part time at half their previous pay, hence the 21%
    18:37:20 [shela1153] DinarInc please don't misunderstand me, I'm all for a prosperous Iraq and think they are making great strides, but they have much much work to be done
    18:37:39 [Jwdwrd] like I say- forward momentum is good
    18:37:54 [DinarInc] Of course the country just started over a mere 7 years ago
    18:38:05 [shela1153] DinarInc so how do you see the value of the dinar rising?

    18:38:46 [DinarInc] I cannot comment because we are a licensed entity but let me give you an analogy
    18:38:52 [here2day] DinarInc what is your take on raising the zeros from nominal rate
    18:39:34 [DinarInc] Nothing will change with currency. Too much confidence my opinion
    18:39:35 [shela1153] DinarInc Im not asking for a rate or date, just how do you think they will go about raising the value
    18:40:06 [Jwdwrd] yes- is the raising of zeros off the mon rate?
    18:40:10 [DinarInc] Does anyone know what Apple computers was trading at back in 2002'?
    18:40:12 [Jwdwrd] Nominal that is
    18:40:19 [Jwdwrd] ehehehehehehe
    18:40:20 [Jwdwrd] I do
    18:40:30 [DinarInc] shoot
    18:40:31 [Jwdwrd] db-
    18:40:33 [DinarInc] shoot
    18:40:34 [dbcooper] $50?
    18:40:38 [DinarInc] no
    18:40:49 [DinarInc] anyone else?
    18:41:07 [DinarInc] $7.00
    18:41:09 [dbcooper] i dont recall, but they are over $300 now
    18:41:22 [DinarInc] Today close was $340
    18:41:35 [DinarInc] a mere 9 years ago
    18:41:45 [DinarInc] Why? Anyone?
    18:41:50 [dbcooper] sounds about right..been too busy to keep[ up! lol
    18:42:08 [dbcooper] DinarInc growth and profits
    18:42:09 [minichaser] DinarInc demand
    18:42:10 [here2day] profit
    18:42:22 [dbcooper] agreed here2day
    18:42:28 [DinarInc] What drives profit?
    18:42:34 [shela1153] sales
    18:42:35 [DinarInc] Products
    18:42:41 [dbcooper] DinarInc buyers and earnings
    18:42:49 [DinarInc] No iphone then, Ipad
    18:42:50 [dbcooper] sales
    18:43:41 [DinarInc] Look at Iraq the same way. Iraq builds it everyone will come.
    18:43:55 [DinarInc] Things just take time
    18:44:06 [Jwdwrd] are they stable enough to build?

    18:44:52 [DinarInc] Without a doubt. I don't hear them in the news much do you?
    18:45:38 [shela1153] DinarInc and you don't think they have a security issue?
    18:45:51 [shela1153] 120 people were killed yesterday
    18:45:56 [DinarInc] Of course they do and always will
    18:46:26 [shela1153] DinarInc well that's my point, how do you attract investment, with the security issue
    18:46:27 [here2day] DinarInc Do you see alot of involvment from other countries other then U.S.
    18:46:40 [DinarInc] Remember we travel to the Middle East every week. ME is the ME won't change
    18:47:24 [DinarInc] Everybody
    18:47:31 [coopschick] do you think there is any validity to Iraq being worried how much dinar terrorist hold?
    18:47:37 [DinarInc] France is a great example
    18:47:41 [Jwdwrd] their issues are not a secret to any of us - just maybe what they are capable of at this time and where they would like to go
    18:47:42 [3KINGS] shela1153 there is probably 120 people killed in this country every day
    18:48:00 [DinarInc] Dont wanna be part of the war but there not scared to make money
    18:48:07 [shela1153] 3KINGS probably so, but not by suicide bombers
    18:48:24 [3KINGS] shela1153 suicide toyotas
    18:48:32 [shela1153] ha ha
    18:48:49 [Jwdwrd] DinarInc continue please
    18:48:55 [DinarInc] The question about Dinar terrorist it doesnt matter
    18:49:09 [DinarInc] More terrorist hold the dollar than anything
    18:49:16 [dbcooper] DinarInc if you think the Dinar will noy lop, one could assume it will rise in value over time..correct?
    18:49:29 [Jwdwrd] i do- like a float
    18:49:40 [DinarInc] I bet on the United States
    18:50:02 [DinarInc] Over the last 100 years we don't invest to lose and don't
    18:50:04 [Jwdwrd] I bet on the forward momentum- may take time, but likely to happen
    18:50:15 [dbcooper] DinarInc agreed, that has been my stance for a very long time..rewarding terrorist groups by means of a sudden increase in value
    18:50:22 [DinarInc] But the rest of the world being there Boy do i like Iraq
    18:50:53 [DinarInc] Be responsible
    18:51:25 [Jwdwrd] I dont believe the lifting of zeroes question was answered
    18:51:34 [shela1153] DinarInc who or what group of people do you sell the majority of dinar too?
    18:51:56 [dbcooper] I want to personally thank you for comimg in tonight, there were some direct questions and i feel you answered them for us
    18:52:38 [DinarInc] We sell majority to institutions but over the last year we want to be the # 1 Retail dear in the world for a couple reasons

    18:52:58 [DinarInc] Dealer I meant
    18:53:14 [DinarInc] Our service is 7 days a week 24 hours a day
    18:54:01 [DinarInc] We launch products like "True Layaway" for our customers not to take advantage of our customers because it is fully refundable
    18:54:27 [DinarInc] It was a pleasure tonight
    18:54:28 [shela1153] DinarInc when I bought my dinar, I bought from your company, I live in stuart, I purchased from Will, he was very nice and very up front. He told me plainly not to believe the hype and that it would probably be 2 to 5 years before we saw an increase in value
    18:54:51 [shela1153] do you still stand by that?
    18:55:14 [DinarInc] Thanks. People travel sometimes 10 to 12 hours to sit down and talk with us
    18:55:41 [coopschick] DinarInc thank you
    18:55:44 [here2day] DinarInc I too would like to thank . Any info is greatly appr. Thank you
    18:56:04 [DinarInc] Like to do it again. Thanks
    18:56:07 [coopschick] DinarInc real info is hard to come by
    18:56:19 [coopschick] DinarInc please do look forward to it!
    18:56:27 [minichaser] DinarInc you would be welcome anytime even just to say hi and bs a little
    18:56:49 [dbcooper] Can I ask you a tough question please DinarInc ?
    18:56:59 [dbcooper] minichaser amen
    18:57:01 [DinarInc] All our reps at Dinar Inc are required to travel once a month to the Middle East. You can always call
    18:57:07 [DinarInc] Shoot
    If its not on SD...it's probably crap!

  2. The Following 2 Users Say Thank You to dbcooper For This Useful Post:

    breather (05-19-2011), minichaser (05-20-2011)

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