If you have not yet heard about the uncommon opportunity to invest in the currency of Iraq (the Iraqi dinar or IQD), then it would be worth your time to check into it.
You won’t hear much about it in the mainstream media. The politicians won’t let you in on it (even though many of them are heavily invested in the Iraqi dinar), and your banker probably knows nothing about it.
However, for a few hundred dollars (still within the reach of most folks – even in these hard times), you might well get into the investment of a lifetime.
Currently the Iraqi dinar does not have a value on the world stage. Basically, the value is whatever the street will give you for it. You can find it on eBay and other auction sites,iraqi dinar but don’t buy it there. You want to make sure that you get yours from a reputable, registered currency dealer. These dealers have to be registered with the US Treasury (if they are located here in the states).
Why do we say that the Iraqi dinar is an investment of a lifetime? Currently you can get a million dinar for around one thousand US. In times past the IQD was worth over $3 USD.
Is it a sure bet? There is no such thing. However, the upside on this is so HUGE that you might feel like a dunce if you didn’t at least get a quarter million dinar (about $300 US) or so.
There are a few ways a person could invest in the Iraqi dinar. Most folks prefer to simply buy the currency from a reputable dealer and just hold onto it (you might want to put it in your safety deposit box and the bank – if you have a stable bank you can trust to be there – actually – you should be able to get your dinar and other items out even if the bank folds -they are dropping like flies these days).
You could also open up an account with a bank in Iraq (don’t worry you won’t have to go to Bagdad to do it), but we’ve heard more con than pro on that route.
If you have an Iraqi bank account, you can now even play their stock market which has gone electronic. For there market to really open up to the world, they will Have to get a world value on their currency. With the US pulling troops out of the country, there are many signs that this could happen soon.
Most folks today would rather go to the casino or bingo hall and spend a couple hundred bucks. Gaming is one of the most profitable industries left after the meltdown. BUT, if you look into what I’m telling you here, it may well change your life and help you beat your own recession!
Doug West has worked in Financial Planning and Investment training for over 15 years. Listen to his online Radio Show to learn more about uncommon investments and opportunities that can change your life.