koonsdawg
Registered User
- Location
- Centerville, UT
It's way to early to tell... I think it will be a few years before we get to cash in. I have mine sitting in a safe deposit box in the bank. I forget I have them most of the time.
...I don't think anyone expected to get rich quick off of the dinar, but I think the cost of the investment is/was so low and the potential was so high, you really couldn't hurt yourself by spending a couple hundred bucks on it. It's not like people should be putting all of their savings into Dinar. It's kind of like buying a lottery ticket--you probably won't get anything back, but if you do it could be huge.....
It's kindof funny how Sadam's money stashes did not consist of Dinar, but instead consisted of US currency.
I don't know that anyone expected a rapid valuation or a quick return to the international exchange.
isn't teh dinar that is being purchased an entirely new currency that was created in the last few years to replace the easily copied old dinar?
So how many of you are millionaires?
Just looked at the most recent conversion, if you paid ~$800 in 05', after paying conversion costs you'd be lucky to make 5% if you sold today. Had you bought gold, you would have doubled your money... I know, I know hindsite is 20-20.
Oh yeah, the Utah Department of Securities listed the Iraq Dinar as one of their top ten investment scams
I understand that everyone thought that you would make a kerzillion, but making 5% hardly sounds like a scam. besides, mebbee in 20 yrs you will be glad you have it... but you are right things like silver and copper and materials will be going up with worldwide demand and the growth that is exploding in some countries.
Your missing the point... 5% is how much you would make if you sold it as of today, if you could... some are selling on eBay for less than folks paid in 05'. My point was the fact all of the sellers (which won't buy it back ) are pimping it under the pretense that it will return somewhere close to the value Saddam set for it years ago. Even if it went to 1/10th of Saddams value, it would cost them trillions of dollars
The scam isn't necissarily the money itself, its the fact you are paying "processing" and high S&H fees to get the money... Go buy any other currency from a legit currency exchange outlet, and they may ding you 1% or less... not 30-40% as some are.
yeah I pretty much missed the whole point completely. sorry for my retarded post.
...Here is my investment... Who wants to bet your dinar will be worth less than it is currently, taking inflation and the weakening US Dollar into mind. Say in another 2 years. If its not worth $1000/1mil, you give me $50, if it is, you give me $20. Why your $50 versus my $20, well, I figured you were into bunk deals :greg: