so ive seen alot of things and charts ranging from 1932 through 1982 which shows the dinar between just under $5 and just under $3 per dinar. the dinar is now worth only $0.0007. you can buy 1 million dinar for $500 american. Even if the dinar climbed in value to just one cent, that would be 1,329% return! Surely its going to go up at least a penny.
has anyone invested in this? and do you think its worth the risk?
im thinking it is something worth while
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April 24th, 2008 at 10:08 am
Stay away. Eventually they will just chop a few zeros off the end & revalue the Dinar, much like Mexico did with the peso years ago. People have been pushing "the opportunity of a lifetime" on Ebay for years now. Waste of $$$
If you want a good investment, start buying precious metals like Gold & Silver. Believe me, there will be no better invesment in the next 3-5 years. All paper currencies are being devalued by their respective central banks. Inflation will eat any profits you may think you can make. Its called Stagflation, look it up.
April 24th, 2008 at 10:08 am
Not yet, but the way the dollar is falling it won't be long before the two currencies are of equal value.
April 24th, 2008 at 10:08 am
I do not see any advantage to purchasing worthless paper. Once Iraq gets up and running again it will have to completely revamp its monetary system much the way Japan and Germany did after WWII. Money has to be backed up by something of value.
Precious metals are a hedge against inflation but not a particularly good investment. You see, gold is worth the same amount no matter what. The dollars are worth more or less. When the price of gold seems to be going up what is actually happening is the value of dollars is going down. When the price of gold goes down, the value of dollars is going up.
The only way to really own gold is to actually buy the gold and hold on to it. That involves commissions, delivery costs and storage/security costs. If one were to purchase gold as a commodity (on paper) there is always a question as to exactly what you are actually buying and what you actually own. What happens, for instance, if the broker goes out of business? Were is the gold that you purchased? Does it exist or did you only buy a piece of paper that "promised" gold and is only as good as the person who sold it to you?
Only people who purchased gold before the price skyrockets and then know enough to sell it before it comes back down can make a killing. Most everyone else will see moderate returns that can easily be devoured by fees and commissions.
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April 24th, 2008 at 10:08 am
Heck yes! what risk? so you spend a couple hundred and stand to make a million… why else would Bush sign executive order so we could purchase! how much do you think Cheney bought? make sure to have the actual dinar in hand and not in an account. they already have the new currency just need to be on the world market officially without any sanctions. their govt has laws yet to pass etc….