Sunday, September 11, 2011
Why Investing in the Iraqi Dinar is Worth a Try
With opinions going back and forth about whether or not it is risky/worth it/smart to invest in Iraqi currency, one specific reason has always kept me thinking that it was worth a shot.If you know the basic information about the dinar, then you know how the value dropped once the Gulf War occurred, and then dropped even lower when the US invaded Iraq. At the current value of about $.0007 US, the Iraqi dinar is at its lowest. This main point is why so many people are buying it fast, and buying in great quantities.Several people think it is extremely risky with a low chance for profit, while others see it as a great money making opportunity. While looking into the many deep facts about Iraq, it's stability, their government and oil reserves, many critics state that it is unlikely for the Iraqi dinar value to increase, and a greater possibility for it eventually to amount to being worth nothing.But in my point of view, I see it simply as this: There's a huge chance that it will increase even the smallest amount in my lifetime, and if I have enough of it, I could profit greatly.Currently, I have 41,050 Iraqi dinar. With its current value, it's only worth about $28 US. If the value goes from $.0007 to $.007, it goes from being worth $28 to being worth about $287 US. To me, that is a nice profit, considering it went up only one-tenth of a cent.Now if the value goes up to $.07, I have about $2,873 US. No matter what kind of profit you are looking for, that's nice pocket change for whatever you would want to get with that. Now thinking much bigger...If the Iraqi dinar goes back to the pre-Gulf War value (approximately $3.22 US), I will have in my possession about $132,000 US. I could turn $30 into $287... $2,873... or $132,000 and so many more possibilities inbetween.It might seem like a risk to many, but in my eyes, it is bound to go up sometime, whether it goes up $.0001 or $8.52. And if it all amounts to nothing in the end, I lost $30... but it was worth a shot!
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iraqi dinar is very real, but the pitch many Dinar dealers try to send your way is far from reality and designed to get you buy from them. Some of these dealers even go as far as to explain that they are trusted by the government and supply you with a document to reinforce this illusion. for more info check here
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