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

:1orglaugh Do a little research on what happens to currencies in hyperinflation.

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

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.

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?

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

:1orglaugh

hehe only on gfy :) :) :)

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

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.

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

I get $25 billion Zimbabwean dollars.

Instant billionaire.

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

Read.

http://www.newsweek.com/id/129010?from=rss
http://en.wikipedia.org/wiki/Hyperinflation

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

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

epass ok?

My Nigerian partner sells Zimbabwean Dollars. :2 cents:

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.

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

:1orglaugh

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. :2 cents:

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 ;)