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Iraq Dinar: true or scam?
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Iraq Dinar: true or scam?
Iraq Dinar: true or scam?
- Last Updated:
- Sep 4th, 2009 7:03 pm
Sep 2nd, 2009 9:33 pm
tasamy [OP]Deal Addict Dec 23, 2005 2644 posts 135 upvotes Calgary
Iraq Dinar: true or scam?
I came across an ad in the newspaper today, a website sells Iraq dinars 1M Iraq dinar is around $1.5k. I tried to investigate more, I found many sites that sell the dinar and actually the price varies. Some other sites warn about old and new currency or fake dinars. They compare the situation to Kuwait although very different. I think 1 dinar = 1 USD is impossible!!!
That is fishy.
BBB Warns that Iraqi Dinar Investment is Creating Concerns and Complaints!!!!
http://www.bbb.org/us/article/bbb-warns ... laints-690
Can we buy the dinars from a Canadian bank?
Is there a tax obligation after buying them?
Is there a tax obligation if I want to sell them?
Can anyone share his experience with us?
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Sep 2nd, 2009 11:44 pm
mr_raiderDeal Expert Feb 29, 2008 21027 posts 2328 upvotes Montreal
I suggest you restrict your forex trading to countries not on the verge of military and political collapse.
Sep 2nd, 2009 11:48 pm
liorsyncroDeal Addict Oct 30, 2008 2120 posts 58 upvotes Toronto
Scam or not, even if it's a real dinar it won't be worth much anyway. And yes, you should be able to buy from any respectable forex place. Try bank or even Money Mart.
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Sep 3rd, 2009 2:07 am
ThaloDeal Fanatic Jul 1, 2007 8068 posts 902 upvotes
Why the f*** would you want to buy Iraqi dinars?
Sep 3rd, 2009 10:34 am
tasamy [OP]Deal Addict Dec 23, 2005 2644 posts 135 upvotes Calgary
Thalo wrote: ↑Why the f*** would you want to buy Iraqi dinars?
I don't know if it is true or scam but anyway it is like gambling
1M Iraq dinar -> $1.5k
If Iraq dinar went to $1 (half of its value before war)
Then the $1.5k will be $1M ... but will that happen? Nobody knows!
Life is life
When we all feel the power
Life is life
When we all feel the pain
Life is life
It's the feeling of the people
Life is life
It is the feeling of the land. Opus
Sep 3rd, 2009 11:03 am
ImpossiblesDeal Addict Jun 7, 2005 4276 posts 66 upvotes
tasamy wrote: ↑I don't know if it is true or scam but anyway it is like gambling
1M Iraq dinar -> $1.5k
If Iraq dinar went to $1 (half of its value before war)
Then the $1.5k will be $1M ... but will that happen? Nobody knows!
This thread made me do some wiki research.
Iraq of the 70's and early 80's is quite a different place than today. In the early 90's the value was much lower, like 4000 dinar to 1 USD.
But hey, its your money.
Sep 3rd, 2009 11:12 am
DanielCarreraDeal Addict Jul 31, 2007 1938 posts 3 upvotes Earth
tasamy wrote: ↑I don't know if it is true or scam but anyway it is like gambling
Yes, it is. So you might as well just go to a Casino. You'll probably have more fun there, and you'll be less tempted to think that you are investing.
I'm not overweight, I'm undertall.
Sep 3rd, 2009 12:51 pm
AllWheelDriftDeal Addict Feb 9, 2005 4167 posts 14 upvotes
You should also consider the Zimbabwean Dollar. If you buy it and it recovers you'll make even more money. Don't forget they already did a 10,000,000,000:1 reverse split so when you compare it to the historic exchange rate, you need to multiply your predicted gains by 10,000,000,000. That means if the currencey returns back to where it was, you will make $10 billion by buying just $1 worth of Zimbabwean Dollars. Heck, even if it only went to 1/1000th of it's original value, you'd still have made a million dollars from your $1 investment.
http://forums.redflagdeals.com/iraq-dinar-true-scam-784965/
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