Whether you see the dinar as a good investment depends on how you perceive the opportunity filtered through your own beliefs, values, and rules on what a good investment should be. If you will postpone any pessimism on the dinar for a moment and allow me to make a point – Why is the pit bull a good dog? This depends who you are asking. Imagine a loving pit bull and it’s loyal owner on a quiet evening at home moments before a home invasion, talk about having a dog in the fight! Dinar on the other hand is best held by owners who tolerate the thrill of the gain combined with a stigma that dinar is not considered a safe investment.
I just read a goofy article headline that read “Is Dinar a scam or a safe investment?”, the dinar is neither one or the other! A countries currency can be risky due to post war politics but since when is a legal currency considered a scam? Producing counterfeit Iraqi Dinar banknotes in America is a felony, it’s a major crime. Iraqi Dinar is a legal currency governed by all laws pertaining to the possession of a world currency. Forget to declare over $10,000US worth of Iraqi Dinar banknotes to US customs while entering the USA and you will be treated and prosecuted as a criminal.
Bottom line, any countries currency is not a scam, it’s a real currency even if it’s a ‘restricted currency’ regarding it’s trade at world banks. The method by which the currency is acquired can be a scam such as false or misleading advertising, mail order fraud, proceeds of crime, counterfeit, but real dinar scams are a whole other article for another blog post.
Safe investments as a rule, don’t normally yield high returns on investment. Many dinar owners would not have been attracted to the dinar in the first place had the dinar been truly a safe and secure investment. Selling dinar in 2004 was done by relating military fire power to the oil rich banknotes, investors were attracted to the risk. Many early investors have already doubled their money as a reward for having a high risk tolerance at that time of war.
Do you believe Iraq will experience a revaluation that will help the value of the dinar despite any cosmetic changes that occur to their banknotes?
Do you value risk even though the Iraqi dinar is not considered as risky as it once was over 8 years ago?
Do you have a personal rule that a strong return on investment must be coupled with a safe secure investment? Not a good rule.
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Written by http://DrDinar.com since July 2004.
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