The hottest investment sweeping the net today is the buying of Iraqi dinar. Buying the actual paper currency from the country of Iraq in the hopes the nation will stabilize and the currency will revalue.As of today's date $1 USD is = 1153.55 dinars. Here is the basic idea you buy 346,065 dinars for a mere $284 USD (common price from a dinar dealer). Suppose $1 USD will = 1.49 Dinar - now you have produced your self a ton of money with a very little investment.
Simply 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 anybody of these sites. Nevertheless there are some hazards of buying them so let's review the risks:
1) Buying the old dinars with Saddam Hussein's portrait. Sorry but he was hanged for crimes in opposition to humanity. These notes are worth nothing.
2) Buying counterfeit IQD notes. Even though the new notes have a number of security functions there was a situation in Eastern Europe of a gang attempting to sell counterfeit Iraqi cash. The likelihood of buying counterfeit dinars is actually extremely low because there are minimum five security features.
3) Falling for the bogus selling points. There are several selling factors these traders love to tout. The #1 selling stage the Iraqi dinar was at 3.22 in the 1980's therefore the RV will match the old value. 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's 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 don't need to say too much here but purchasing currency on eBay is risky. If you want dinars buy them from a respected dinar trader.They are just a few of the risks involved in purchasing dinars from any trader. Studying the websites of these dinar traders they make sound it's a certain bet that the dinar will revalue "very soon" and you will turn out to be rich very quickly.
Purchasing dinars is a purely speculative investment and you should keep in mind what the details are.Understand when purchasing Dinars you are essentially purchasing a lottery ticket. There is never a guarantee that it will revalue to your favor.With that stated I suggest the following sources for buying dinars:1) Safe Dinar2) Dinar TradeThese may be effortlessly found on the net and are incredibly professional. They send the dinars via FedEx COD. So you pay whenever you receive them. I myself have purchased my dinars in the fashion without any problems. I also recommend buying the dinar notes that have not been circulated already. They'll arrive to you subsequent day air in a sealed plastic envelope.Before you rush out to purchase Iraqi money with the hopes of getting rich make certain you understand the risks involved.
Simply 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 anybody of these sites. Nevertheless there are some hazards of buying them so let's review the risks:
1) Buying the old dinars with Saddam Hussein's portrait. Sorry but he was hanged for crimes in opposition to humanity. These notes are worth nothing.
2) Buying counterfeit IQD notes. Even though the new notes have a number of security functions there was a situation in Eastern Europe of a gang attempting to sell counterfeit Iraqi cash. The likelihood of buying counterfeit dinars is actually extremely low because there are minimum five security features.
3) Falling for the bogus selling points. There are several selling factors these traders love to tout. The #1 selling stage the Iraqi dinar was at 3.22 in the 1980's therefore the RV will match the old value. 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's 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 don't need to say too much here but purchasing currency on eBay is risky. If you want dinars buy them from a respected dinar trader.They are just a few of the risks involved in purchasing dinars from any trader. Studying the websites of these dinar traders they make sound it's a certain bet that the dinar will revalue "very soon" and you will turn out to be rich very quickly.
Purchasing dinars is a purely speculative investment and you should keep in mind what the details are.Understand when purchasing Dinars you are essentially purchasing a lottery ticket. There is never a guarantee that it will revalue to your favor.With that stated I suggest the following sources for buying dinars:1) Safe Dinar2) Dinar TradeThese may be effortlessly found on the net and are incredibly professional. They send the dinars via FedEx COD. So you pay whenever you receive them. I myself have purchased my dinars in the fashion without any problems. I also recommend buying the dinar notes that have not been circulated already. They'll arrive to you subsequent day air in a sealed plastic envelope.Before you rush out to purchase Iraqi money with the hopes of getting rich make certain 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
No comments:
Post a Comment