yeah, it's a risk, but the potential for return is huge. Most investers would warn you away from these "too good to be true" investments. These are the same investers that more or less convinced me not to buy XM radio when it was 2.00/share. Any high potential gain has hihg potential risk. Microsoft was a risk, ebay, aol, etc. etc. were all investments to 'stay away from'. Just a matter of picking that one that works out for you.
But yes, the economy and political clilmate in Iraq is extremely unstable--just like it wasin Japan in the 40-50's, and Quwait, and lots of other post war economies. The currency, the economy, or the government could all end up in the crapper and you could loose your investment. I think there is more positive there than we are let on to believe.
But, like I said, I spend money in wendover/vegas and other casino's that have generally a much lower possible return (I play table games). If I drop a couple hundy on this and loose it all, I can live with that. If I don't, and this works out and I would have made a good amount of money, I won't be able to live with that.
I"m not dropping my nest egg, just a couple hundred that I can spare--and right now I don't have anything to spare so I have to wait till my tax return. I have to pay some people back before I can justify investing......
Cody