Chunk
17-12-2009, 06:41 AM
Anyone interested? You can by 100 000 iraqi dinar for roughly 150 bucks.
This is not supporting terrorism, it's a relatively low risk with very high reward. Everyone has $150 they are pissing away on something else.
Once the Dinar goes into circulation, you could possibly make tons of money. The Kuwait dinar was worth $3.34 USD before the Gulf War...it will never likely match that...but let's say for arguments sake that the Iraqi dinar ends up being .50 USD...you'd have invested 150 bucks and made 50 000 USD. Iraq is very rich with oil, and once the pieces get put back together in the country, they are going to start making money...and that translate into a stronger currency value.
I haven't necessarily invested in the Iraqi Dinar, just throwing the idea out there. Don't believe the "scam" sites either. Once the Dinar is in circulation, you're bound to make money...and for 150 bucks, it's worth the risk. There have been numerous blurbs on CNN about it...not sure if anyone values Jim Cramer's opinion, but he thought it was a good investment all things considered.
All in all, I don't see it as any worse than investing in stock...but when you consider what happened to investors of Nortel, GM, etc...this sounds like it could be a far better investment. It may be 10 years before anything happens, but who cares when the reward is so high.
Is anyone currently doing this, or has anyone heard of it?
Like I said, this doesn't mean i've invested in it...but it seems like a pretty descent one. The idea has really turned me on to buying stock though. I would never get hardcore into it, but say $1000 per year in high reward or penny stocks could bring in good coin...i've never invested before other than GIC's or RRSP's, so forgive me if i sound like a dork! haha
This is not supporting terrorism, it's a relatively low risk with very high reward. Everyone has $150 they are pissing away on something else.
Once the Dinar goes into circulation, you could possibly make tons of money. The Kuwait dinar was worth $3.34 USD before the Gulf War...it will never likely match that...but let's say for arguments sake that the Iraqi dinar ends up being .50 USD...you'd have invested 150 bucks and made 50 000 USD. Iraq is very rich with oil, and once the pieces get put back together in the country, they are going to start making money...and that translate into a stronger currency value.
I haven't necessarily invested in the Iraqi Dinar, just throwing the idea out there. Don't believe the "scam" sites either. Once the Dinar is in circulation, you're bound to make money...and for 150 bucks, it's worth the risk. There have been numerous blurbs on CNN about it...not sure if anyone values Jim Cramer's opinion, but he thought it was a good investment all things considered.
All in all, I don't see it as any worse than investing in stock...but when you consider what happened to investors of Nortel, GM, etc...this sounds like it could be a far better investment. It may be 10 years before anything happens, but who cares when the reward is so high.
Is anyone currently doing this, or has anyone heard of it?
Like I said, this doesn't mean i've invested in it...but it seems like a pretty descent one. The idea has really turned me on to buying stock though. I would never get hardcore into it, but say $1000 per year in high reward or penny stocks could bring in good coin...i've never invested before other than GIC's or RRSP's, so forgive me if i sound like a dork! haha