This is the question I’ve been seeing a lot lately: “Is it a scam”? In a word – NO.
The Iraqi Dinar is an item that has a past, present, and future value.
We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be.
If the value raises, you can profit. It’s THAT simple.
Keep this in mind when you read anything on the dinar – a savvy speculator must always be able to separate fact, opinion, and distractions.
Here are some facts that will help you with this question of whether or not the “Iraqi Dinar” is a scam.
The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world.
The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. …what about the “investment” itself?
Is investing in the dinar currency a scam?
The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue.
But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not!
Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason.
So, why isn’t Iraq as rich as Saudi Arabia and Kuwait?
That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily.
Crime and terrorism is lower and lower all the time!
And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”.
The question, then, is “When will the Dinar Currency of Iraq Revalue?”
This investment is not a scam, but you must be prepared to wait for things to happen.
It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make.
One thing I do know, for a fact… the Iraqi Dinar will not stay at it’s current “value” forever.