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I have been visitn this website for a while and they talk alot of hype and provide alot of information on dinar, but they also like to state things in rumor section of their forum that misleads people to believing that dinar will reval just to see days come and go. Many think dinar dealers like to post on their to mislead people so they can buy more dinar. Do you think this site is a total scam or use it strictly for the information it provides. http://www.investorsiraq.com/

2006-08-13 11:51:00 · 2 answers · asked by sadealz 3 in Business & Finance Investing

2 answers

I have received some hype-mails about buying into the dinar, calling it some secret currency or some such thing. Rest assured that Iraqi money is as good as Iraqi money. Use your common sense...
How is the Iraqi economy? Nonexistent.
How is the commodities market there? Biggest fuel shortage in decades.
How stable is the government? Well...
What does the near-term future look like for them to pull out of this morass? Not very good.

When the Iraqi people quit killing each other because their god is better than the other god, then maybe you will see a turn in the economy. Until then, it is pointless to even try.
Even then, remember that the dinar will be tied to the sliding US Dollar and that won't be very helpful either for the next four or five years anyway.
So, putting on our thinking caps seems to tell us that these guys are a bunch of commodities traders who want commission off your money.
Basically, it is a sham. Maybe not a scam...but at least a sham.

2006-08-13 18:26:37 · answer #1 · answered by Anonymous · 0 0

I'm not sure. If you aren't sure, you probably shouldn't be investing in the currency market.

2006-08-13 14:41:31 · answer #2 · answered by STEVEN F 7 · 0 0

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