What is all this talk about investing in Iraqi Dinar?, people are investing in the new currency, but is it a hoax or is Iraq’s New Money really a way to get rich quick? Let me show you how to stop the fakes or scams and help you to be more educated you how to spot the fakes and explain what the Dinar really costs should you decide to move forward. First of all investing in paperback currencies is not new it has been going on for a long time. Many investors are still waiting for their investment in the Vietnamese Dong to pay off…nearly 40 years.
So why all the hype: It usually starts when a country collapses due to war of economic conditions. And by exchanging the higher valued USD for that currency in hopes of it returning to former glory can generate some very real get quick rich dreams. It may happen and it may not happen…that is the truth of it. We consider this type of investment a shoebox investment, something you invest in and literally forget about it, hoping that someday your forgotten investment will yield you millions. In the case of the Iraqi Dinar, because the US was the overtaking country, there is somewhat more hype than normal because of the stability a US ally can have. Currently the Value of the Dinar is .0008 this means that the currency is 1250 less valued then the US dollar 1/.0008. At the current exchange rate if the Dinar were to appreciate to just .50 cents or .5008, your investment would have gained 5008 pips, if you invested 850 dollars you would purchase 1,000,000 Dinar. A 50 cent move would yield you 4.2 million USD. If the currency surpasses the USD as it was prior to the war, the returns would be phenomenal. Watch this http://www.youtube.com/watch?v=LOoH4arBAUw
By Daniel Araujo
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