Iraqi Dinar investors spur thriving Web trade
Iraqi Dinar investors spur thriving Web trade
By Iraqi-Dinar.org
Investors ask for more Dinar and Iraquis give them more. The new Iraqi Dinar was introduced after the Gulf War and was to provide stability to Iraq, but it didn?t work out that way. It would take 1,200 Iraqi Dinars to purchase 1 US Dollar, virtually worthless! (source: http://www.iraqidinar.org/iraqi-dinar-exchange-rate.asp).
Dinar Value, Low but Hot!
Look for Iraqi Dinar on eBay and you?ll find hundreds, if not thousands or Dinar resellers all making money off Iraq?s new currency. The internet is filled with websites that are selling the Dinar for prices from $800 to $1,300 ($1,300 will get you a chocolate mint with your Dinar investment)
Buy Dinar, but why?
Just about every site, with the exception of a few, throw out the value of the Dinar before the Gulf War; at one time, 1 Iraqi Dinar sold for $3 USD. Just imagine if you bought a million Dinar for $900 US and it went back up to $3! Why, you would be a millionaire, right?
That?s the Dinar Scam but the likely outcome will be that the Dinar will not rise in value and the government of the future may even toss out the old cash.
The only people making Money off the New Iraqi Dinar are the sellers?, claims Doug Dirow, President and CEO of a privately help Dinar Resale company. Mr. Dirow, known as Triple D, sells to investors looking for more than 250,000,000 blocks of Dinar.
Dinar Risks
Risks for investors are outrageous! The new Dinar could be eliminated and replaced with even newer currency. If Iraq inflates its currency or otherwise devalues it, Dinars could get demolished. Further civil strife also could clobber the currency. Speculators who bought Dinars early are sitting on big losses. Prices for Dinar investors are volatile, fraud is high and it?s just about impossible to sell the Dinar once you have it!
I may have paid a little extra, but I had peace of mind buying from a reputable company. ‘I’m confident my investment will pay off’ said Sheena Myers, a private Dinar investor who paid $1,200 for 1 million Iraqi Dinar from a Dinar Dealer.
Investing in the Dinar is a long shot – are you willing to take it?
Posted in Iraq News
November 22nd, 2008 at 12:39 pm
Investing in Iraqi Dinar is equivelant to going to the casino. You might get lucky, you might not.
I say, if you have a few extra bucks, what the heck, buy a few. Ya never know.
However, I wouldnt put any money into it that you want back soon or that you cant live without. That part of the world has always been and always will be unstable, which makes for violatile trading.
I bought about 150000 in different denominations just for fun and “to have,” but i’m not going to blow a small fortune on it.
If anything, the currency is REALLY artistic and pretty to look at. Makes a good conversation piece!
Lizzi Pearl
October 15th, 2009 at 4:59 pm
There are so many nay sayers, but have you ever thought about them cashing in on what you should have done.
So i think that if you wish to spend it , spend it. You may come out on top , you may not.
I don’t believe that the egg heads always have the right answers to all our investment question. Just ask them how many times they have lost millions of some old couples 401 k !