Buying Zimbabwean Dollars? - GoFuckYourself.com

Vendot · 04-02-2008, 11:12 AM

Anyone think it might be a good time to consider a speculation on purchase of Zimbabwean currency? With Mugabe almost certain to be out or thrown out, things can only get better from this point presumably?

Dont know the score today but in early March $1 = $25 million ZWD

http://news.sky.com/skynews/article/...308116,00.html

warlock5 · 04-02-2008, 12:10 PM

Do a little research on what happens to currencies in hyperinflation.

Libertine · 04-02-2008, 12:18 PM

Quote:

Originally Posted by vendot

Anyone think it might be a good time to consider a speculation on purchase of Zimbabwean currency? With Mugabe almost certain to be out or thrown out, things can only get better from this point presumably?

Dont know the score today but in early March $1 = $25 million ZWD

http://news.sky.com/skynews/article/...308116,00.html

Eh, no. Just - no. Unless you want to lose all your money, anyway.

ADL Colin · 04-02-2008, 12:25 PM

Interesting idea but really speculative.

There are two trading rules I never violate.

1. Never take the opposite side of a trade of Warren Buffett
2. Never go long an African currency

Zimbabwean Money Supply.
January, 2007. 170 trillion
January, 2008 . 800 trillion

I wouldn't go long with a margin account.

xmas13 · 04-02-2008, 12:28 PM

Never mind but currency speculators are thieves, parasites, scum.

ADL Colin · 04-02-2008, 12:58 PM

Quote:

Originally Posted by xmas13

Never mind but currency speculators are thieves, parasites, scum.

What do you mean? You are a currency speculator. In what currency do you keep your savings and investments?

Fucksakes · 04-02-2008, 01:01 PM

would be cool to own 1million dollars thou.. where can I buy some of that money?

klinton · 04-02-2008, 01:22 PM

u-Bob · 04-02-2008, 01:24 PM

hehe only on gfy

L-Pink · 04-02-2008, 01:49 PM

I can do that transaction for you. What's your wire info?

RayBonga · 04-02-2008, 02:31 PM

Much better currencies have failed in the past.

If you think Zimbabwe is getting better invest in land or companies there, I know at least of one South African company that is moving there now (just bought a telecom and something in petrochemicals) you can buy their shares.

Vendot · 04-02-2008, 05:37 PM

Well put it this way...... lets say I convert $1000 into Zimbabwean dollars.

I get $25 billion Zimbabwean dollars.

Instant billionaire.

Vendot · 04-02-2008, 05:39 PM

Quote:

Originally Posted by RayBonga

Much better currencies have failed in the past.

If you think Zimbabwe is getting better invest in land or companies there, I know at least of one South African company that is moving there now (just bought a telecom and something in petrochemicals) you can buy their shares.

Which company? How do i find out more about this?

fallenmuffin · 04-02-2008, 05:46 PM

Read.

http://www.newsweek.com/id/129010?from=rss

Quote:

Such is the state of the world's most bankrupt and fiscally untenable economy. Zimbabwe's 100,000 percent inflation rate is the world's highest—a runaway train with no driver, no brakes and no limits to the train's top speed. Perhaps it's not surprising, then, that Zimbabweans have learned to cope by developing one of the world's most sophisticated black markets. If the local merchants didn't keep this economy afloat with fuel, oil, corn and the cash to fund it all, the already unstable southern African nation could slip into civil war.

http://en.wikipedia.org/wiki/Hyperinflation

Quote:

hyperinflation is inflation that is "out of control," a condition in which prices increase rapidly as a currency loses its value.

Send me $1,000.00 USD and I'll send $1,000,000,000.00 Monopoly Dollars. Same logic.

Vendot · 04-02-2008, 05:52 PM

Quote:

Originally Posted by fallenmuffin

Send me $1,000.00 USD and I'll send $1,000,000,000.00 Monopoly Dollars.

Hmmmm sounds reasonable.... let me think on it.

epass ok?

xmas13 · 04-02-2008, 05:59 PM

My Nigerian partner sells Zimbabwean Dollars.

fallenmuffin · 04-02-2008, 09:36 PM

Quote:

Originally Posted by vendot

Hmmmm sounds reasonable.... let me think on it.

epass ok?

You're in the UK. I want a cashiers check for 1,000GBP and then you can have the paper,er, i mean dollars. Hell for an extra 250, I'll print them with your face on it.

warlock5 · 04-02-2008, 09:50 PM

Quote:

Originally Posted by Fucksakes

would be cool to own 1million dollars thou.. where can I buy some of that money?

As of February $7.1 million ZWD = $1 USD (thanks wikipedia)

pr0 · 04-03-2008, 12:39 PM

Quote:

Originally Posted by RayBonga

Much better currencies have failed in the past.

If you think Zimbabwe is getting better invest in land or companies there, I know at least of one South African company that is moving there now (just bought a telecom and something in petrochemicals) you can buy their shares.

i get 3 opportunities per day to invest in Costa Rican land....next it will be Zimbabwe right?

HAH!

Africa is worthless to invest in....& all the gem/oil/precious metal sites have been purchased already.

Yea I'm sure everyone is hot to invest in land thats the site of a future genocide, civil war, & a new government every 10 years uprooted in a bloody takeover.

cognitos · 04-03-2008, 01:04 PM

Investing in the Zimbabwean economy or FX markets sounds like the kind of thing the scammers in Lagos spend their long warm nights thinking up.

The Zimbabwean dollar -- The only way is up ;)

04-02-2008, 11:12 AM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Buying Zimbabwean Dollars? Anyone think it might be a good time to consider a speculation on purchase of Zimbabwean currency? With Mugabe almost certain to be out or thrown out, things can only get better from this point presumably? Dont know the score today but in early March $1 = $25 million ZWD http://news.sky.com/skynews/article/...308116,00.html __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

04-02-2008, 12:25 PM	#4
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	Interesting idea but really speculative. There are two trading rules I never violate. 1. Never take the opposite side of a trade of Warren Buffett 2. Never go long an African currency Zimbabwean Money Supply. January, 2007. 170 trillion January, 2008 . 800 trillion I wouldn't go long with a margin account. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

04-02-2008, 12:28 PM	#5
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Never mind but currency speculators are thieves, parasites, scum. __________________ ICQ 557504926

04-02-2008, 05:37 PM	#12
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Well put it this way...... lets say I convert $1000 into Zimbabwean dollars. I get $25 billion Zimbabwean dollars. Instant billionaire. __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

04-02-2008, 05:59 PM	#16
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	My Nigerian partner sells Zimbabwean Dollars. __________________ ICQ 557504926

04-02-2008, 12:10 PM	#2
warlock5 Confirmed User Join Date: Jan 2004 Location: Uranus Posts: 2,808	Do a little research on what happens to currencies in hyperinflation.

04-02-2008, 01:01 PM	#7
Fucksakes Shit... Fuck! What the Hell? Industry Role: Join Date: Dec 2003 Posts: 7,567	would be cool to own 1million dollars thou.. where can I buy some of that money?

04-02-2008, 01:22 PM	#8
klinton So Fucking Banned Industry Role: Join Date: Apr 2003 Location: online Posts: 8,766

04-02-2008, 01:24 PM	#9
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	hehe only on gfy

04-02-2008, 01:49 PM	#10
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	I can do that transaction for you. What's your wire info?

04-02-2008, 02:31 PM	#11
RayBonga too cool for highschool Join Date: Nov 2005 Location: East side, West side, Worldwide! Posts: 12,164	Much better currencies have failed in the past. If you think Zimbabwe is getting better invest in land or companies there, I know at least of one South African company that is moving there now (just bought a telecom and something in petrochemicals) you can buy their shares.

04-03-2008, 01:04 PM	#20
cognitos Confirmed User Join Date: Jun 2006 Posts: 99	Investing in the Zimbabwean economy or FX markets sounds like the kind of thing the scammers in Lagos spend their long warm nights thinking up. The Zimbabwean dollar -- The only way is up ;)