Iraqi Dinar - The Greatest Investment Opportunity of All Time, Or Fools Gold? Time to Find Out...The Jury is still out. So what is all the controversy about surrounding Iraqi Dinar?I will explain some of the history and reasons for investing in Iraqi Dinar here, if you are looking for the best places for buying Iraqi Dinar I have posted a buying guide and review page. Why are people simultaneously ecstatic about it, while others are so skeptical? Well it helps to know a little history about events in the past. During times of political unrest and upheaval money loses all value. It happens every time there is an armed conflict. The currency is not as valuable as goods needed for survival in a war zone and it tends to lose a lot of its value. So people who promote the Iraqi Dinar as an investment always site the following argument regarding the first Iraqi conflict in the middle east with U.S forces regarding the Kuwaiti Dinar. So what happened during the first Gulf War and Why is it relevant today? Hostilities commenced in January 1991, resulting in a decisive victory for the coalition forces, which drove Iraqi forces out of Kuwait with minimal coalition deaths. The important point in all of this is that just before the Iraq invasion of Kuwait the United States dollar ("$") was trading at $3.55 for every Kuwaiti Dinar. So for every Kuwaiti Dinar that you owned you could get $3.55 back on the Kuwaiti Dinar exchange rate. Well, a strange thing happens to a nations currency when it is in the middle of a war zone. The money loses all value. You could get Kuwaiti Dinar for roughly 5 cents to a dime during Operation Dessert Storm. A year and a half later, that Kuwaiti Dinar you bought for a nickel could be traded in for over $3.00. So for roughly every $1,000.00 investment of Kuwaiti Dinar at 5 cents per Dinar your return would have been around $60,000. So $1000 becomes $60,000. $10,000 becomes $600,000, and so on and so on... How about I put it another way, let’s say you can buy shares in an oil company. Lets say this oil company has the 3rd largest oil reserve in the world. And you can buy the shares for 5 cents each. How many shares would you buy?
If you bought steadily through Desert Storm and traded in your Kuwaiti Dinar after the price of the currency stabilized you could have made a huge return on your currency. In little more than a year or two there were people who went from rags to riches nearly overnight. So what does this mean for you? I am by nature a very conservative person, especially when it comes to money, so when my friend told me about this amazing opportunity, I looked at it from every angle. And of course, I did my best to shoot holes in it, at least once a week for months I would call my buddy and start to interrogate him. He always said the same thing when I asked him questions, "…I am not trying to sell you anything. I told you because I wanted you to be able to look into it for yourself. I am not telling you to do this, I am not even suggesting that you do it. You make up your own mind. But whatever happens, don’t ever tell me that you didn’t know about it…" You see, like most things in life you have to make a decision on whether this is something that is the right thing for you, and like a good friend I am going to give you all the facts. I am not telling you to do this, I am not even suggesting that you should. We have already seen how the average person could have become a millionaire after Desert Storm… …all you need to do in these situations is to purchase the devalued currency of these countries at its rock bottom prices and then when the country regains its economic stability, simply cash in the currency and become an instant millionaire. There are some very interesting economic possibilities in post-war countries. Postwar economies are generally extremely robust, especially if they are rich in natural resources. Just look at the spectacular rise of the Dow after World War II, or the nearly 2,000-point jump in the Dow in the six months immediately following 9/11. Soon after a war ends, or any other kind of political turmoil ceases, economies have to rebuild. This means that the government spends money on infrastructure, thereby creating jobs. Pent up consumer demand is also released soon after a war. And in developing parts of the world, economic aid flows into newly peaceful countries. This results in new business opportunities while prices are still low. So what does that mean for you and me? It could be the buying opportunity of a life time to buy Iraqi Dinar. When I first bought Iraqi Dinar I was able to get 1,733 Iraqi Dinar for every $1 I spent. According to oanda.com 1 US Dollar = 1,190.76 Iraqi Dinar. So there has already been an exponential increase since I first bought it. Its not the same war as the first gulf war, so I didn't become a millionaire overnight, but who knows. I have bought enough to see if it still will. I am not suggesting you buy this stuff with your mortgage money. Be smart. It is pure speculation and gambling on a host of events, politics, and economies all going our way. If you have some money you think you might want to risk on it, I would rather buy this than give my money to Las Vegas or a casino. That's for sure. So what's the plan of attack to buy Iraqi Dinar?
Iraqi Dinar Buying Tips:Step 1.) You buy the deflated currency: instead of trekking into a war torn country, in today’s world this takes about an hour sitting at home in your underwear with the internet. I have a page posted with advice and how to buy dinar reviews for just this purpose. Step 2.) You put the currency in a safety deposit box or some other safe place, some people store them electronically in Iraqi Banks now a days. Step 3.) You wait for the currency to appreciate in value. Step 4.) When you are comfortable with the appreciation in the currency value you take it to a bank that specializes in trading that currency and exchange it for dollars. It really is that simple. So what is the opportunity now?When I am imparting information on someone I like to give them the good, the bad, and the ugly. That way they have all the information in hand to make a sound and rational decision. One thing I have noticed about people is that they tend to accentuate the positive in a situation, or leave out the negative, or they give you so much negative information you get too scared to pull the trigger on what can be the deal of a lifetime. Weigh your options and evaluate whether this is something for you. You are the only one that can do that.
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