A guy here at work has been educating me on global economics. He seems to know what he is talking about. He has some awesome investments going that blow my mind. He seems to think that the new Iraqi money is a good investment right now. I don't know much about it. Apparently, if you purchase Iraqi money while it is so low against the US dollar, then when it goes up, you can make some good money. Anybody know anything about this?

Here is the site:

www.freedinar.com/barrett

The calulator is pretty impressive, if it's true.

 

If you want to invest some money in Dinar, go ahead. But do so with the knowledge that it may double, triple or quadruple in value, as well as it may lose value.

That calculator does nothing but multiply the two figures you enter. It screams scam to me... I'm not saying that it isn't a good investment, but ask a pro, don't fall for a get rich quick scheme.
(If it seems too good to be true, it probably isn't true. or, as Greywolf posted the other day- TANSTAAFL)

 

I have the original dinars with saddam on the face, they aren't worth squat, If they would have been turned in before the dec.31,05 deadline they would have been worth around $4000 USD

 

Very well could go up in value, and just as easily go down in value. The questions you need to answer are:

Why is it going to go up? When is it going to go up?

And what about you friends investments blows your mind? That they seem so well and that you dont fully understand them or that he has a lot of money in those accounts? Remember he could just as easily lose that money too, investments go up and go down, fortunes are made and lost in days.


Let me know, I may wanna invest in some dinars.

 

heres some info for all the would be investers:
http://www.iraqi-dinar.org/

 

The guy at work seems to be on top of this investing thing. His advise is, 1) Don't ever, ever, ever invest what you are not willing to lose!! 2) Diversify, diversify, diversify!! 3) Due Diligence! 4.)Learn to manage risk!

He invests internationally and some of the returns on his investments is what is blowing my mind. Here in the U.S. it is hard for the common man like me to get 10% return yearly. The guy here at work is getting 18%p/yr, 20%p/mo, 8%p/mo, there is even one that he showed me that pays 5 times his money over 22 months. Maybe it's all fake, but I've seen his checks come in and they don't bounce.

I just might have to open up my mind a little and educate myself on investing internationally. Of course I would start small. He does seem happy to share, if I ask, but he is also very private so I must respect that.

 

Those are some pretty good returns. And in no way am I trying to call you a liar or your friend but most people like to show when they kick *** and stay quiet when they lose it. I agree with the advise your friend gave, especially #1.

I'm working on tackling the world of investing myself. Taking classes for it now and studying on my own. Its a HUGE world but it can pay off huge to if you work at it. Good luck.

 

Don't know about that... it just depends on what you invest in. The IRA that I opened when I graduated college earned 25.8% last year and has a 26.4% 3-year average. The one fund that my IRA is in actually hit 30.5% last year, but the others are dragging it down a little. You just gotta shop around a little, but you can find great returns if you're willing to risk a little.

 

I've heard this scam before, and yes it seems to make sense.

But it also sounds like Iraq is dumping money. Laundering it into cash that will have a more stable value over time, and then they can shift to euros once the economy stabilises.

At which point the dinar will be inexchangeable...

If it sounds too good to be true -

IT IS.

Ask yourself what the Dinar is backed by. Is there gold to match every Dinar ever printed? I doubt it. Is there a platinum stripe in the bills? Also doubt it.

When the Mexican Peso dipped to 2,000 to a dollar it would have done no good at all to buy up Pesos. The bills just acquired larger denominations.

It is not unusual to see a 20,000 Peso bill. The markets and commodities adjusted prices accordingly. The peoples money became valueless, and what they had made up to that point was wasted.

If I were to speculate on Iraq, I would expect a parallel. There will be turmoil in the markets, and people will lose. The regime in place will remain solvent no matter what it must do to remain so.

Value for value recieved will be the deal of the day, and horse trading will be king. All other exchanges would be in dollars or euros, until the currency base changes over.

NO.

Dinar is likely to be a good way to give money away, not to make it.

IF IT WAS EVER GOING TO BE WORTH ANYTHING AGAIN IT WOULD NOT BE LET OUT OF THE COUNTRY.

What does that tell you? It SHOULD raise a big fat danger signal in your mind.

They are dumping it as fast as they can, mark my words.

Congatulations on your raise. You used to make 5 Dinar a day, now you make 5,000 Dinar a day.

Unfortunately - a can of coffee now costs 1,000 dinar.

And so on...

Nope, the Dinar is going away. That is my best guess.

BY THE WAY.

All that you will ever know about your "FRIENDS" investments is what he volunteers to tell you.

Think about that.

Is he helping, or SELLING?

It has been my experience that when someone finds a cool way to make money they do NOT share it. They capitalise on it.

Anything else would be self defeating.

It suggests to me that the guy more likely makes a cut off of every Dinar he sells, and it is in US currency - NOT foriegn.

 

A lot of guys I was with in Iraq heard the same thing and would buy dinar from the locals every chance they got. I never fell for it. I brought a lot home with me (old and new) but just for fun.

 

One things about trading currencies is that it doesn't create wealth. I see it essentially as a 50-50 chance of increasing your money (minus trading commision).

Stocks and Bonds on the other hand generate wealth and therefore in my book are a much greater investment.

 

I know this scam.

He's making a commission for unloading Dinar.

It costs to join the "CLUB" doesn't it?
("BROKERAGE FEES")

That's a dead give away.

There is also a minimum amount you have to buy at the beginning, isn't there?

I remember hearing about it now in San Diego.

Understand something right now.

DINAR IS WORTHLESS, and it always will be.

You my friend, are being played...

He may have small investments that are paying in real life, but they are being used as a front to lend legitimacy to this SCAM.

Don't ever trust him again.

If these people were ever rounded up and investigated, a class action suit would be the least of it.

 

My daughters do very well with the money exchange.

They exchange it from my pocket to theirs....

Hey, wait.....that's not funny...

 

why is your friend at work still working? he should just invest in 20%/month payouts.
maybe he is good at investing.
buyer beware.
if it was so easy, everyone would do it.
good luck investing.
just playing devils advocate.

 

Currency exchange can make you rich, its just harder than using equity. Soros made ~1B years ago in one day from the British pound fluctuating( I cant remember if it went up or down) and currency exchange is used for hedging or reducing risk in international exchanges. There is money to be made, its just harder.