Buying Iraqi dinars is a good idea?

[cSesressxx]

I ran into this site while browsing the Internet � what do you think? http://betoniraq.com/ They sell Iraqi dinars and mail them to you...

[boSes12]

It doesn't matter if someone comes to me with the cure of AIDS, I always apply the old saying: before investing, investigate. http://www.whois.sc/betoniraq.com It appears that the owner is a Jeffrey Pasquarella. With a quick Google search in quotation marks ("Jeffrey Pasquarella"

[riuzT13]

Good job. I saw that website a couple of years ago but I never bought anything because, honestly, it smelled like cheating. Since when making money is so easy. If there really was that winning potential, the bigwigs would have already bought everything and would have fired the price, but that hasn�t happened all this time. Common sense: this smells like scam.

[cesrCunuk]

The phone number coming out of WHOIS is not from Connecticut, it's from Houston, Texas, and it belongs to a Jeffery Pasquarella. I tried to call and it's disconnected. So far, that website: It's in the name of someone completely unknown, who gives an address from Connecticut but lives in Texas. It's suspicious that his postal address is more than 2,000 km from his house. And weirder still is that he doesn't have an active line... As Dennis Miller would say, it's just my opinion, but I may not be mistaken.

[cSesressxx]

Okay, let's assume that the issue of counterfeiting doesn't exist. What do you think about buying dinars? The country is dusty but has oil on it... a lot of people think that in the long term Iraq will improve. There are several sites that sell this... this for example is recognized by the U.S. Treasury Department: http://www.iraqi-dinar.com/

[jiSunuha]

The Iraqi dinar can only go up, so it could be a return investment. But even with that, I wouldn�t put a hard one in that currency. The country and its currency are as stable as a bottle of nitroglycerin in an earthquake. If I ever thought of investing in dinars, I would do it with my trusted broker or directly with a bank. I would also consider bonds issued by the government.

[boSonrgwzS]

If the dinar can only go up, why wouldn�t Iraqis go to print more tickets? To protect your �investment�?

[axruttovuyesna]

My opinion: If you plan to keep physical bills, maybe when the economy takes off, the government will decide to withdraw those tickets and issue new ones to avoid counterfeiting. I think government bonds could be a valid option, but only if you are willing to wait as long as it takes. Liquidity...even if the country starts, I don�t think the currency is easily interchangeable in at least 5 years.

[cSesressxx]

I still don�t understand why so many people start to say that this is a scam just because of the guy�s past. Yes, he was in an MLM, but that doesn�t mean that every project he touches is automatically a scam. Sometimes people change or just learn from their mistakes. What interests me is the potential of the coin, not the seller�s biography. Obviously, I�m not saying that we buy blindly, but I�m not going to close myself to an opportunity just because someone was part of a dubious scheme years ago.

[cSesressxx]

I�ve been reading forums and there�s a lot more people buying dinars than I thought. Many see it as a bet for the future, like the one who buys penny stocks. It�s not so much for the current value, but for what could happen if the situation in Iraq improves. It�s clear that it�s not an investment for everyone. You have to have patience, risk tolerance and accept that it can go wrong. But come on, let�s paint it as if it�s total madness doesn�t seem fair to me either. There�s more stupid bets than this.