My Iraq Dinar Investing Article
Invest in Iraq paper currency - new dinar
It all began on Friday when my good friend give me a quick call and said: "Hey, how are you?", he wasn't actually waiting reply and continued "I have a really bomb investing opportunity, but you have to act quickly, very quickly. Money you will need is $2000. Where are you now? We should made an appoitment, I will explain you all.". I was at the trip to Prague on weekend and I said I will be available at Tuesday. He said ok.I told my girlfriend that the friend called me and offer me some hillarios investing opportunity. She don't like him at all, because he is born salesman and his speeach is refined salesmanship, so only logical reply from her was - "Don't think about it only for a second!! He's a liar, he would be able to sell his mother if needed." I said jokingly: "Yes, who wouldn't or you are really that endagered specie that likes her mother?" She shut up then.
I forgot on the whole situation till Tuesday. He came in late afternoon and started. He told me that he got a great information regarding Iraq currency speculation. That Iraq has new printed currency, no Saddam on the banknotes, economy is rapidly growing and all the pink things. I was starting to be horny. Much more when he showed me what's the Iraq dinar worth and what was before the Gulf war began. Today's exchange rate is 1460 dinars for 1 dollar, that makes $0.0001 for a dinar. And the latest prewar value was $0.31. Do you see the difference? For $900 you can buy 1 million worth of dinar notes.
Now for the expectations. Some economist expect the same scenario as with Kuwait dinars. Kuwait recover from after war crisis and was worth the same as before the conflict began. The same happend to Japan and German currency after the Second World War. Is it logical to expect the same with Iraq now? Logical "Yes, sir" sounds in my ears. But "calm down boy" I said to myself. After 5 years of trying to trade stocks and forex markets I have learned one very important sentemce. If it seems too good to be true, it's a scam, deep hole to suck the beginners. I listened carefully to all my friend told me. I thanked him very gratefully for a great piece of information. We are both Kiyosaki readers and know that informations are the most precious commodity.
I have huge experiences with finding good informations on the net. That's my leverage. I started to dig for every info about this Iraq dinar investment. Surely I have found many selling dealers at first. It took some time to dig real reputable informations. Here's my internet journey for the Iraq dinar investing.
The most professional informations you can find are always situated on the "private/register only" forums. There are the most knowledgable people,economists and investors. Oh, and also spammers :) This is the place to be for Iraq dinar discussion - Investor's Iraq Forum.
Tiny forum but still with some interesting news - Iraq Money Company Forum. I haven't orderd this for myself but you can check This FREE 6-Day Email Mini-Course - "Discover Little Known Secrets That Can Allow You To Fully Capitalize From What Could Be The Hottest Investment Opportunity Of The Century" - you will learn about these topics: 1.When and where to cash in when buying and holding Iraq Dinar 2.Information On Becoming A Dinar Dealer Or An Iraq-Money Affiliate 3. The Legal aspects of your Iraq Dinar opportunity 4.Earn Up To $298 Affiliate Commission, And $51 Average Commission Per Sale
I was nearly tempted to order my 1 million dinar pack from Why-buy-dinar.com. They have perfect price of $895 per 40 pieces of 25.000 dinar notes, that makes the dreamed 1 million. They offer very good counterfeit guarantee: " We take the time to inspect and verify the authenticity of all the New Iraqi Dinar we sell. We are so confident every bill we give you is authentic, that we will not only give you your money back - we will triple it!". So far so good. But the price is the king. I have found a better deal. I am sorry why-buy-dinar.com staff.
You can buy the same 1 million dinars for $857.99 at Investor's Iraq Forum - How to support this forum while buying dinars (at a better price). I was reading a lot about Amer, this is dinar seller's nickname on the forum and he started to sell his dinars on the Ebay at 2003 and he is very reputable. I couldn't find only one problem with him. I forgot to add that shipment cost with Why-buy-dinar.com would be $136. I am situated in Czech Republic. I don't know the sipment price of Amer, but I like he is situated in Jordan, it's a state neighbouring with Iraq from the west, and he is sending dinars from there, so I don't expect as much cost as from US shiping.
I am nearly ready to order my 1 million. I said about this high-risk speculation to my best friends and they join in. Finally I am needing 4 millions, one for each. And we will be rich and drink White Russia all day at Philipine islands :)
PS. There's another great opportunity how to speculate in this great Iraq "game". You can open account in one of Iraq banks directly. Warka Bank is preferable and here are instructions how to open the account - Warka Bank How To's & FAQ's.
Pros and cons of opening an account:
Reasons for a bank account
1. currency re-issue (the NID was only supposed to be a transitional currency)
2. not opeining on the forex
3. drop zeros off - It's rumored that if you have an account they won't drop the zeros
4. bank accounts earn interest
5. no exchange fee (just a bank fee)
Reasons against a Bank Account
1. Security - Insurgency
2. Unstable banking system - not FDIC insured (althought i think there is some kind of insurance that was mentioned)
3. Communication - you can't talk to them face to face
and also...
10million in my bedroom = no interest and no access to ISx when it opens
10 million in warka = 6% interest and Access to ISX
ISX is Iraq Stock Exchange and there seems to be perfect perfect investing opportunities with even %400 pa.