The rumors have hit a fever pitch lately. I heard the other day from an 80 year old grandmother that she was buying Dinars to get rich.
REALLY?!
The scoop is that after the fall of Saddam's Iraq, the Dinar become mostly worthless. George Bush said that the Iraqi war would pay for itself a hundred times over. I believe he was speaking figuratively, not literally. Some conspiracy theorists took and take that to mean that the US will profit when the Iraqi Dinar is revalued and supposedly, the US and China have a stockpile of notes.
And some people, you may call them investors or speculators, I wouldn't, think you should buy Dinars now hoping to profit along side the US and China.
There is no free lunch. If you want to send your money to someone and hope that they send you actual Dinar notes and not forgeries and then hope again that somehow there is a revaluation and if there is, that somehow, it works in your favor, go ahead, I'd rather take a nice trip to Las Vegas with the money and at least get a comped meal out of the deal.
If you think this is a good idea, you should read my book. Learning what not to do is just as important as learning what to do if you intend to make money investing.
Most of the people buy dinar online without having clear knowledge of its utility and benefits. However, people with adequate knowledge on currency trading will surely understand the reasons behind its popularity.
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