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Buying Iraqi Dinar good idea?

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Old 12-08-2009, 12:54 AM
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Default Buying Iraqi Dinar good idea?

I was just wondering if you guys think it is a smart investment.I am not concerned whether the dinar purchased gets to my home if ordered, but I am concerned to hear your thoughts on this topic.The sale of their money is around $1160 of their money(dinar) for every dollar of ours and according to several websites the revalue is going to happen soon within a month and it will be $1 dinar for every US dollar. please share any information you know on this please as I am thinking of investing like a $164 dollars.
Old 12-08-2009, 01:08 AM
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i'm sorry... what?
Old 12-08-2009, 01:44 AM
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You cant just "revalue" money. There has to be some kind of valuable goods that back the money, i.e. gold.
Old 12-08-2009, 02:04 AM
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I've heard the Dinar talk for years. It isn't going to happen. As was mentioned previously, something needs to back that money or it is worthless (are you listening US Government?). If you think you can turn $164 into $190,000, by all means, have at it.

Here is a small article that may save you $164.

http://www.gocurrency.com/articles/iraqi-dinar.htm
Old 12-08-2009, 12:59 PM
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Originally Posted by A Low Dime
You cant just "revalue" money. There has to be some kind of valuable goods that back the money, i.e. gold.
lol. there is nothing backing the us dollar but the chinese.
Old 12-08-2009, 01:02 PM
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the buying and selling of currency is the oldest tradition and takes place everywhere on a daily basis. Heck, what's $100 to lose?
Old 12-08-2009, 02:24 PM
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Thanks guys for your thoughts.I allready have some at my home that I previously had ordered last week,but I was just wondering what other people thought of this opportunity. I thought the revalue would occur due to their exportation of crude oil as their valuable good.
Old 12-08-2009, 03:06 PM
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Originally Posted by garcia
Thanks guys for your thoughts.I allready have some at my home that I previously had ordered last week,but I was just wondering what other people thought of this opportunity. I thought the revalue would occur due to their exportation of crude oil as their valuable good.
Do you really think that will happen? Honestly? Do you know how much 'wealth' that would instantly create? Not going to happen. You haven't done your research. The Iraqi Dinar isn't even openly traded so you have to buy it from eBay, etc. If you are buying the Saddam Iraqi Dinar, you are buying toilet paper as it is now worthless.

Alas, everyone gets these get rich scheme's in their heads and usually wastes a good chunk of change. Over night success usually takes about 15 years anyway.
Old 12-08-2009, 03:27 PM
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If its too good to be true........




Tell you what send me 164 bucks, I will make good use of it for you.
Old 12-08-2009, 10:04 PM
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Dont waste anymore of your money. I purchased $500 worth 6 months ago from my local bank and I think its worth less now than what I paid for it.


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