Comments for Iraqi Dinar

Comment on Iraqi Dinar Scam by Tommy

Tommy — Mon, 20 Feb 2012 05:29:55 +0000

I have invested just a little and bought 50,000 dinar, since, I have only seen false promises and dates, all which never come to pass. I believe I did get scammed, but the two 25,000 notes I have, will go good in my daughter’s foreign money collection.

Comment on Iraqi Dinar Scam by muddobber

muddobber — Sun, 19 Feb 2012 18:19:04 +0000

Here is the question I have with the Dinar. Why would anyone who sells dinar (especially brokers who have purchased them at various rates/dinar over time) sell them? They would have to be idiots to sell something at 40% over book value when they stand to make (in their words) millions in USD per million dinar. They would horde what they have in inventory. It makes no sense!

The brokers churn (which is illegal per the SEC) worthless paper on poor schmucks who get caught up in the get rich quick scheme. Every sale/trade puts USD in the brokers’ pockets. What will they say to their “investors” when it is time to cash out and the paper is worth maybe nothing or maybe $1,160 USD per million dinar. I bet they leave the country in a hurry.

Comment on Iraqi Dinar Scam by anthony

anthony — Sat, 18 Feb 2012 22:40:33 +0000

they are talking about dropping the zeros in the dinar what would that do towards the vaule if you have already purhsed them??

Comment on Dinar Revaluation by Muddobber

Muddobber — Sat, 18 Feb 2012 21:20:57 +0000

Here is the question I have, with the Dinar. Why would anyone who sells dinar (especially brokers who have purchased them at various rates/dinar over time) sell them? They would have to be idiots to sell something at 40% over book value when they stand to make (in their words) millions in USD per million dinar. They would horde what they have in inventory. It makes no sense!

Comment on Iraqi Dinar Scam by Savagely Yours

Savagely Yours — Wed, 15 Feb 2012 20:45:26 +0000

I used to work in legitimate foreign exchange, working with businesses sending and receiving foreign funds rather than trading for speculation, and was notified of some people going through a website to buy IQD and then having to fly out to California to pick it up. I know, totally ridiculous, but it sounds like quite a few people were biting…and spending crazy money.

The problem is that people “investing” aren’t 1) being rational and 2) getting the full story from the seller. A guy I spoke with said his sister bought $600 of IQD. She was under the impression that the several hundred thousand IQD she owned was already worth hundreds of thousands of dollars. The explanation made it sound like she was getting it from the seller.

Dolores, glad you’re sticking to your guns. Although, the Microsoft comparision is wide of the mark. I don’t recall Micosoft spending decades under dictatorial rule and then having a decade of chaos. Also, the oil reserves don’t matter if they’re not going anywhere, and there’s no guarantee it will help the country if they can move it. Oh, and they’re 5th, not 3rd.

Billy, not all IQD trading is a scam, and I don’t see anything here stating that it is…the writer is saying that there are some scams costing people. Scams aside, it’s a stupid investment. The risk/reward tradeoff is absurd. The only accurate statement you made is that it should be better than USD/IQD 1160. It could be 1150 in a year.

Comment on Buy Iraqi Dinar by matt day

matt day — Wed, 15 Feb 2012 19:35:19 +0000

I will gladly buy your dinar for what you paid for it !!! I”m not betting to much but i”m betting anyway !!! GO DINAR !!!!

Comment on Iraqi Dinar Scam by Bill

Bill — Wed, 15 Feb 2012 18:01:27 +0000

Thanks for the comprehensive article. I feel bad for anyone who invested large amounts of money thinking they would get rich overnight. I myself bought 3mil dinar just to see what happens. If it attains 25 cents to the dinar before I die I’d be tickled!

Comment on Iraqi Dinar Scam by jim

jim — Wed, 15 Feb 2012 13:53:23 +0000

Suffice to say there are two get rich overnight players. Dinar sellers and Iraq CBI. If it did rv, Iraq couldn’t pay the debt unless they sold a lot of oil. It’s kinda like investing in moon rocks. Just buy a spot on a shuttle to cash in and hope to have a safe trip!

Comment on Iraqi Dinar Scam by J. Russell

J. Russell — Wed, 15 Feb 2012 13:33:47 +0000

Interesting information. I found this site after being told about a “GREAT INVESTMENT OPPORTUNITY” by the shoe shine boy, in this case, my garbage man. He expects to retire very soon, thanks to his having purchased nearly two million Dinar. After reading the information on this and other sites, I’m thinking he may not be leaving his day job any time soon.

Comment on Iraqi Dinar Scam by jim

jim — Tue, 14 Feb 2012 19:27:38 +0000

I knew it was probably b.s. when I bought it but I didn’t spend what I couldn’t afford. But I think many of us reacted as if the dinar was a lottery ticket with better odds. What the bell, a life without dreams isn’t much.