News about Gold Find In Iraq

I found this Article about a Gold Discovery in Baghdad


The recent discovery in Baghdad of what may be one of the world’s largest gold deposits could make Iraq a bigger producer of precious metal than oil, and help it pay its outstanding debt to Western countries stemming from the two Gulf Wars.
What’s more, the gold vein found in an eastern Baghdad neighborhood is expected to increase the area’s real estate prices with the influx of hundreds, if not thousands, of gold seekers, according to a report by currencynewshound.com.

As Iraq — with one of the world’s largest untapped oil deposits—continues to increase its oil production output for export, the discovery of large quantities of gold changes the economic landscape for the Middle Eastern country, noted James Méndez, president of Méndez Internet Management Services, an authorized money service business and Iraqi currency broker based in Puerto Rico.

“This means that in addition to large quantities of oil, Iraq will have one of the world’s largest gold deposits, which ensures the country will have plenty of money to pay its debts and to cover the cost of the upcoming revaluation of its currency, which should happen soon,” Méndez told CARRIBEAN BUISNESS online.

Mining operations continue in the upscale Aldajh area after the discovery of the existence of large quantities of gold in the soil, currencynewshound.com reported Wednesday.

For more than two years, exploration and drilling have been going on under the streets in the region, extending from Fudhaliyah to Obeidi, where low-lying water channels are used for the diversion of rainwater during flood seasons.

The drilling operations extend for several meters deep into the earth, except for longitudinal drilling spanning more than ten kilometers (6.2 miles), the online report said.

So far the mining has raised thousands of tons of earth, which has been set aside in order to extract the gold particles, the report said.

I think this great news,maybe even an higher RV rate

Cash1324 OUT

How is the Iraq Dinar for Canadians Proggressing?

Hi I just wanted to give you brief update on our investment the Iraqi dinar for Canadians.
  It looks like there will be a vote on the 2012 budget  this monday.Still lots of chatter on oil and gas law being passed by end of February.Everyone seems to getting along and working together to move Iraq forward.We have the Arab Summit coming up in the city of Baghdad end of March this year.We have the kuiwait election over ,Maliki should be making a trip there regarding chapter 7 sanctions being lifted.Also the kuiwaits have reopened their embassy in Baghdad after a 7 month absence.
  So we have lots of positive news coming out of Iraq concerning our investment of the Iraq Dinar for Canadians.
Any questions please email me.If you plan on using Scotia Bank for cash out with me  please make sure you set up a free account in advance.
Cash1324  out

Update on the Iraqi Dinar for Canadians,No RV Yet

Good Morning,
This week we had some of the Dinar Gurus announce an Iraqi Dinar Rv.It did not happen,I repeat it did not happen.I will post on my Blog here when it does happen.Just remember this is not a for sure investment,there is a possibility this will not happen.In my opinion there are only 2 guarantees in life,death and taxes.
 If you scroll down to the bottom of those websites it says for entertainment purposes only.So that tells you most of the Gurus on there are just that Entertainment
  It does look like the three groups in the Iraqi Gov are talking again,heres hoping they can keep it going.
 Iraq is not completely out of chapter 7 yet but talks with Kuwait are promising.
We looking  for the HCL law to be passed which has to do with The Distribution of the Gas and Oil Revenues,looks promising too.
The 2012 budget not passed yet but promised in next few days
They are still looking for a interior and defense minister for gov completion.
 So lets hope they keep their act together and GETR Done.
 Any Questions Please Email  Me
Cashout