Iraqi Dinars - Really ??? ... Cmon help me out here !!!

[Argentium]

Iraqi Dinars - Really ... C'mon help me out here !!!

Over the last two weeks or so , I have run into two different friends who were proclaiming
that investing in Iraqi dinars, is where it's at - Really Even if they rename , readjust ,
re-evaluate , or re-denominate their old currency - does this guarantee a big payday for those
holding the older notes ? Please help me understand this ! Argentium.

 

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[liftloop]

Re: Iraqi Dinars - Really ... C'mon help me out here !!!

argentium

buy silver in stead, it keeps going up and up.

 

[Argentium]

Re: Iraqi Dinars - Really ... C'mon help me out here !!!

Liftloop , Oh yeah ! I'm a believer in silver - smalltime- in terms of what I can come up with
but I coin roll hunt silver aggressively, metal detect whenever i can , and buy silver at spot or
below whenever i can . Argentium.

 

[davest]

Re: Iraqi Dinars - Really ... C'mon help me out here !!!

your friends are only 10 years too late and the re valuation of the Iraq currency has yet to happen.

Seriously, do you think that after ten years of being blown up, having their infrastructure demolished, and

a new round of sectarian strife and violence that the currency is due for an upswing in value?

stick with silver.

 

[Jason in Enid]

Re: Iraqi Dinars - Really ... C'mon help me out here !!!

The old Iraqi money is worthless except as a suvenier. It would be a heck of a gamble to invest in dinars right now!

 

[spartacus53]

Re: Iraqi Dinars - Really ... C'mon help me out here !!!

Iraqi Dinars - I'd suggest the rack of Lamb and Couscous



If a country is not too stable, how do you think their currency will hold up

Not too well

 

[nsdq]

Re: Iraqi Dinars - Really ... C'mon help me out here !!!

Over the last two weeks or so , I have run into two different friends who were proclaiming
that investing in Iraqi dinars, is where it's at - Really Even if they rename , readjust ,
re-evaluate , or re-denominate their old currency - does this guarantee a big payday for those
holding the older notes ? Please help me understand this ! Argentium.

i laugh every time some one says this, i have my dinar from when i was there in 2003-2004 and mine have a dead dictator on them now, to me something to pass down to the kids, value none at all ,,, like everyone says stik with gold or silver

 

[markmopar]

Re: Iraqi Dinars - Really ... C'mon help me out here !!!

I had some Dinar I held for six years. I got in at 1470:1 and sold at 1170:1. Basically broke even with shipping. The ones that made money were the ones that bought at 4000:1.
I sold as soon as the SOFA agreement expired due to the negligence of the current Administration. With us pretty much out of there, the value isn't increasing any time soon. There is also strong talk about a 'zero lop' where they drop three zeros off the currency, essentailly rendering your invested moot.
Check out:
www.investorsiraq.com