Should I Buy Iraqi Dinar? 5 Reasons Why We Say “NO!”

Should I Buy Iraqi Dinar? 5 Reasons Why We Say “NO!”

03/09/2014


In 10 years the Iraqi Dinar has failed to demonstrate any growth. Chart courtesy of XE.com

It can be tempting to consider purchasing Iraqi Dinar, especially when one sees the apparent deals on Ebay or visits websites promoting the currency. Many rosy scenarios of Iraq’s future are offered, yet this couldn’t be further from the truth. We have many years of experience in foreign exchange and do not  consider Iraqi Dinar to be a good investment. In terms of the question, “should I buy Iraqi dinar,” we’ll provide several reasons why we don’t think this is a good idea. 1) Supply vs Demand – This is by far the most important fact to consider. We challenge you to ask yourself some of these questions. If Iraqi dinars are such a great investment, why are so many individuals and businesses looking to sell them? Considering the massive amount of sellers, have I  researched how I would sell my Dinar, especially if the value falls? 2) Historical Value – As the chart at the top of this page makes clear, the Iraqi Dinar has declined in value over the past 10 years. In the last 24 months there has only been a one month window (May 1 – June 1, 2013) in which the currency offered a potential buying opportunity, which was negligible at best. Historically, this has not been a promising investment (see performance chart below). 3) Regime Change – Iraq is one of the most unstable countries in the world. Read the latest world news headlines as evidence of this point. The continued instability in this region only increases the chance that the value will fall, not rise. Furthermore, if the existing regime in Iraq capitulates and a new government is set in place there is a high probability Dinars will either be rendered worthless or could further drop in value.

A Simple Analysis Of The Iraqi Dinar’s Performance Over A 2 Year Period*


In the past 2 years even a CD with a 2% yield has offered a better rate of return than the Iraqi Dinar and is far safer.

4) Convertibility –  North American and European banks do not accept deposits in Iraqi Dinar, nor do they offer the ability to convert the currency. This is an investment red flag! 5) Yield – Unlike a stock or bond, holding Dinar in the long term offers no yield. As the chart above displays, a CD offering a meager 2% yield is more attractive than the Dinar in the near term. Furthermore, amassing a significant amount of this currency creates additional problems for investors. One must find a safe place to store the hard currency since banks will not, costing both time and money.

Investment Opportunities Offered By Atomiq Consulting

If you are interested in alternative investments similar to the Iraqi Dinar, contact Atomiq Consulting. We offer a variety of investment opportunities with proven historical results. Although there is no guarantee of future performance, we consider our opportunities to be far safer than the Iraqi Dinar. At Atomiq Consulting we believe in transparency. See our disclosure policy for more details. *The attached chart displays returns which are not adjusted for inflation. Data for Iraqi Dinar can be obtained via XE.com where the quoted exchange rate on January 2013 was 1164.14, and 1163.46 on September 3rd 2014, the day of this writing.

http://atomiqconsulting.com/should-i-buy-iraqi-dinar-5-reasons-why-we-say-no/

I'll give one major reason you should not invest the Iraqi Dinar.  I did I admit because of pressure from my brother, which really is no excuse.  This whole hype was started by a long haired hippy false prophet, Kim Clements who told his audience in his cult like atmosphere the Dinar would make a lot of people rich.  One of the biblical signs his followers either didn't know because they relied entirely on him for their direction or they just became indulged in a false reality. 1 Corinthians 11:14 (KJV) Doth not even nature itself teach you, that, if a man have long hair, it is a shame unto him?
 
In studying the bible I never found any prophet or Apostle that had daily conversations with God.  Clements (deceased) made it appear he had God's ear and God talked to him on a daily basis.  We have had many false prophets in America, some that led their followers to commit suicide, which according to God's word guarantees they spend eternity in the Lake of Fire with Satan and his angels.