 |
Iraq Dinar was once the latest investing hype on the net. Yet I believe the Iraq Dinar shows very little promise.
Although the Iraq Dinar has increased it still can’t be traded legally. In the past, people that were selling Iraq Dinar, sold it for more than its market value. This happened because it was difficult to retrieve, as the merchants would hire people in Iraq to acquire the Dinar and move it to somewhere it could be shipped. After doing some research buying Iraq Dinar in some ways can lose you money. |
“When you purchased the Iraqi Dinar, you, like everyone else, paid a premium of $40 ($30 markup, $10 shipping). The Dinar did in fact go up $9, but inflation cost you $7, giving an end figure of -$38. Had you purchased a 6% CD at your local bank, you would have made $5 (that’s really $12 less $7 inflation). End Result: CD yields $5, Dinar yields $-38″ (iraqidinar.org)
I would say if you have money to play around with “Sure why not buy some Dinar”. Otherwise its a waste of time in my opinion.