The hottest investment sweeping the web these days is the buying of Iraqi dinar. Buying the real paper currency from the country of Iraq in the hopes the country will stabilize and also the currency will revalue.As of today's date $1 USD is = 1153.55 dinars. Here is the fundamental idea you buy 346,065 dinars for a mere $284 USD (common cost from a dinar dealer). Suppose $1 USD will = 1.49 Dinar - now you have produced your self a huge amount of money with a very small investment.
Because of the potential there are many dinar traders on the net all claiming this "investment" is a sure bet. Currently you buy 1,000,000 Iraqi (IQD) dinars for $1,060 from anyone of these sites. However there are a few dangers of purchasing them so let us review the risks:
1) Buying the old dinars with Saddam Hussein's portrait. Sorry but he was hanged for crimes against humanity. These notes are worth nothing.
2) Purchasing counterfeit IQD notes. Even though the new notes have a number of security functions there was a case in Eastern Europe of a gang trying to sell counterfeit Iraqi money. The likelihood of purchasing counterfeit dinars is actually very low because you will find minimum 5 security features.
3) Falling for the bogus selling points. There are many selling factors these traders love to tout. The #1 selling point the Iraqi dinar was at 3.22 in the 1980's therefore the RV will match the old worth. Wrong! Saddam himself arbitrarily pegged the worth at $3.22. That is essentially any ruler of a nation all of the sudden declaring his currency is really worth $20 to 1 USD. It is also essential to be aware that inflation at the time was above 25% so really that 3.22 value was much less.
4) Buying on eBay. I do not have to say too much here but buying currency on eBay is risky. If you want dinars purchase them from a respected dinar trader.These are just some of the dangers involved in purchasing dinars from any trader. Studying the websites of these dinar traders they make sound it's a sure bet the dinar will revalue "very soon" and you'll become rich very quickly.
Buying dinars is a purely speculative investment and you must keep in mind what the facts are.Understand when purchasing Dinars you are basically buying a lottery ticket. There is never a guarantee that it will revalue to your favor.With that stated I recommend the following resources for purchasing dinars:1) Safe Dinar2) Dinar TradeThese can be effortlessly found on the net and are incredibly professional. They send the dinars via FedEx COD. Which means you pay whenever you receive them. I myself have bought my dinars in the fashion with no problems. I also suggest purchasing the dinar notes that have not been circulated already. They'll arrive to you next day air in a sealed plastic envelope.Before you rush out to buy Iraqi money with the hopes of getting rich make sure you understand the risks involved.
Because of the potential there are many dinar traders on the net all claiming this "investment" is a sure bet. Currently you buy 1,000,000 Iraqi (IQD) dinars for $1,060 from anyone of these sites. However there are a few dangers of purchasing them so let us review the risks:
1) Buying the old dinars with Saddam Hussein's portrait. Sorry but he was hanged for crimes against humanity. These notes are worth nothing.
2) Purchasing counterfeit IQD notes. Even though the new notes have a number of security functions there was a case in Eastern Europe of a gang trying to sell counterfeit Iraqi money. The likelihood of purchasing counterfeit dinars is actually very low because you will find minimum 5 security features.
3) Falling for the bogus selling points. There are many selling factors these traders love to tout. The #1 selling point the Iraqi dinar was at 3.22 in the 1980's therefore the RV will match the old worth. Wrong! Saddam himself arbitrarily pegged the worth at $3.22. That is essentially any ruler of a nation all of the sudden declaring his currency is really worth $20 to 1 USD. It is also essential to be aware that inflation at the time was above 25% so really that 3.22 value was much less.
4) Buying on eBay. I do not have to say too much here but buying currency on eBay is risky. If you want dinars purchase them from a respected dinar trader.These are just some of the dangers involved in purchasing dinars from any trader. Studying the websites of these dinar traders they make sound it's a sure bet the dinar will revalue "very soon" and you'll become rich very quickly.
Buying dinars is a purely speculative investment and you must keep in mind what the facts are.Understand when purchasing Dinars you are basically buying a lottery ticket. There is never a guarantee that it will revalue to your favor.With that stated I recommend the following resources for purchasing dinars:1) Safe Dinar2) Dinar TradeThese can be effortlessly found on the net and are incredibly professional. They send the dinars via FedEx COD. Which means you pay whenever you receive them. I myself have bought my dinars in the fashion with no problems. I also suggest purchasing the dinar notes that have not been circulated already. They'll arrive to you next day air in a sealed plastic envelope.Before you rush out to buy Iraqi money with the hopes of getting rich make sure you understand the risks involved.
About the Author:
If you want more information on iraqi dinars, don't read just rehashed articles online to avoid getting ripped off. Go here: Iraqi Dinar
Attempt to find out concerning the counterfeit Dinar. If you are intending to invest in dinar, take your time to gather all essential info regarding the anti-counterfeiting actions of the overseas forex to avoid wasting your self from getting scammed. Click here to know more about how can you sell iraqi dinar
ReplyDelete