Sunday, July 16, 2006

The Iraqi dinar might make me a millionaire

I have read a lot about Iraqi dinar and saw so many people trying to sell them but why Iragi dinar can be a good investment? You can buy 100,000 of the New Iraqi Dinar (IQD) for about $100 because the IQD's value hasn't been determined or set by the World Bank. If the IQD valued at 10 cents by the World Bank that mean 100x your original investment. After the Gulf war the World Bank set the value of the new printed Kuwait dinar at 10 cents. Now that value has risen to approx. $3.45 do the maths and see how much people made that time but only problem is Kuwait had minor problem and the country was stabilised and after the war the economy picked up easily. Iraq is going through so much at the moment which makes it very risky investment but compared to hyip, I would say medium to low risk. The risk is calculated and worth it because if things go the way we want them that mean making a fortune but if not we end up with our original investment. I had fear that the currency might be taken off and worth nothing but the new government changed to this new currency in 2004 and it does not make sense changing them. There are a lot of information about IQD to make informed choice, there is negative and positive thought but as always the decision is yours. Invest what you can afford to lose but be very careful to purchase them from reliable source. Take this as long term investment 3-10yrs maybe less or may be more but do not expect to make a fortune overnight. I found the Iraqi forum to be a good source for information.

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