Would this be a good investment? Before the currency was 3 to 1. If it goes back to that I would be a millionaire. Pros and cons please.
2007-03-06 17:14:43 · 6 answers · asked by Dave 6 in Business & Finance ➔ Investing
He's not a friend, he's an aquaintance. Read in your american history book about what the confederate dollar was worth after the war between the states. they used it for wiping poopys. when the dust settles in Iraq you may have less than nothing or you may have a few iraq dollars and no where to spend them because that country will be back to hating everybody again. This money deal is a sham.
2007-03-06 17:32:20 · answer #1 · answered by ricketyoldbat 4 · 1⤊ 0⤋
Actually right now the money, with your quote, is at 1250 Iraqi $ to 1 US $. If it goes back to 3:1, you will be flat broke. Because instead of the $5 million Iraqi dollars you bought you will only have $12,000. Don't do it either way. The future of that country is no where near predictable.
2007-03-06 17:20:33 · answer #2 · answered by k_hart100 3 · 0⤊ 0⤋
It's a good investment for your "friend". He'll have $4000. All you'll have is a bunch of paper.
2007-03-06 17:19:55 · answer #3 · answered by greymatter 6 · 0⤊ 0⤋
lol poopies.
Why would you need Iraq dollars when the U.S. government already has Iraq as the 51st state?
Duh, you can use U.S. dollar instead.
2007-03-06 20:14:25 · answer #4 · answered by Geeeyaaa 4 · 0⤊ 0⤋
This is the guy behind the pool parlor, right?
2007-03-06 17:29:37 · answer #5 · answered by ZORCH 6 · 0⤊ 0⤋
What makes you think Irak will still be there in the future?
2007-03-07 16:23:38 · answer #6 · answered by Anonymous · 0⤊ 1⤋