Comments on: Investment Calculator

By: S D COOK

S D COOK — Wed, 10 Mar 2010 20:26:13 +0000

I think it takes a Vegas frame of mind. This is a big gamble. Do not spend more than you can afford to lose. There is a great chance of making big returns and I think this will happen in time ,however, do not be crazy if it all goes down the toilet.

By: Jay D. B.

Jay D. B. — Thu, 04 Mar 2010 19:39:26 +0000

Look…we all know this is a huge geopolitical gamble, I have no argument there. We also know the downsides of buying this currency due to all the variables that can influence it.
(I don’t like using the term “investing” with a currency of this type; as it does not fit the definition of investing…remember an invested interest is NOT an investment)
But let’s look at the optimistic side of this gamble. First, the people of Iraq have gotten rid of the old regime, and in turn came up with a currency that they themselves are hoping will become tradable after the war and unrest of the country settles down. Well, we have to assume it will at some point…it has to, in order for them to start concentrating on their main commodity…oil! Once they have established a leader for the country and its people, I don’t believe they will change the currency again, because they also know that by doing that, it devalues it even more. They also will not put their new leader on the current Dinar, because it denotes the power and influence that Sadam had over the people. They are smart enough to remember that! Someday they may add a political figure on the currency that was an icon or inspiration to all the people, but that won’t happen for many years. These people also know that their currency is close to worthless, and to better show the world what strength they have, they will keep the current Dinar as is and work on fixing their infrastructure and oil producing. These things will lift the value of the money within their own country first, then slowly throughout the world. As an Economist and History student, I really see these things coming to this great country. BUT FIRST, they must unite and work toward a common goal to get the country back on track. Once that is done, then and only then would their government maybe consider changing the money to a new style and look. Luckily in life, things must happen in order for other things to follow. On a scale of 1-100, they are at about a 3. That number will rise with the country rebuilding itself, getting its oil back into full production, and creating a civilized peaceful existence within the country. Jobs will emerge, and their own economy will begin to act and perform like all countries that trade goods and services.
This is my belief in buying a few million dollars of Iraq’s Dinar’s, and I truly believe it will happen. I haven’t picked out my new sports car yet….but I know the color! God bless all you.

By: rashid

rashid — Fri, 16 Oct 2009 20:20:34 +0000

what was the exchange rates in us$ before the war in iraq

By: Tom

Tom — Tue, 14 Apr 2009 04:37:33 +0000

Well, the Iraqi Dinar has been off the market since mid December ’08. It’s now mid April and the revalued Dinar is expected to be released by the end of the month in current form. We shall see. $$$$

By: rob

rob — Mon, 30 Mar 2009 15:47:01 +0000

People are not getting rich because the country of Iraq has yet to recover. Consider your dinar a lottery ticket. If the country does well so will you. Watch out for the fake dinar. Turn the seller in if you are sold some.

By: ants

ants — Thu, 26 Feb 2009 19:49:42 +0000

If you buy dinar, the seller makes money off you. If the dinar peg or go up then you and them will have some money, but if it doesn’t, then they just took your money. It seems doubtful that this currency will ever do anything, so why not sell you a pipe dream and make a little money off you?

By: Sam

Sam — Sun, 24 Jun 2007 02:46:04 +0000

Saying that the Iraqi Dinar will make you $750,000 from $250 is the same as saying that you’ll make a million dollars from buying $300 in lottery tickets, in fact, I believe the odds are better that you’ll make the million rather than the $750,000!

Any investment calculator tells you what you might make under the best conditions; The fact is, no one wants to enter this risk alone, so, if they can suck you into the game, then when they loose, they won’t feel so bad. It’s OK to be 1 of many to be scammed, but no one likes to be alone on an investment.

E Dinar dealers know this and use investment calculators and hype to get you excited enough to give them your money. Why are not more people talking about this? Because it is a pipe dream, same as the lottery.

You can make this investment, just understand that it is as risky as it gets!

By: susan

susan — Sat, 23 Jun 2007 19:10:05 +0000

A friend approached me and said that if I invest just $250 in Iraqi Dinars, my return would be $750,000. Of course, I was excited, but then I began to think that if it was such a great thing, why aren’t more people talkingabout it and growing rich? Can someone out there enlighten me, before I tell this woman anything? I would appreciate any comeents and help. Thanks,

Susan