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I wonder how many "dinars" do these guys have? ...

Posted By: billym
Date: Wednesday, 29-May-2013 09:44:22

In Response To: * Iraqi dinar - recently being said... * (hobie)

I can't help but wonder about how many dinars these "gurus" actually have. What would be the average number of dinars?

And what do they actually have? Do they hold actual piles of paper dinars? And where would they take these dinars when the time comes? The whole thing is kind of intriguing.

Once, when I was curious about this, I looked it up and found dozens of sites that would take your money and, in fact, send you piles of paper currency. Is that how it works? Where did THOSE places get all their paper bills?

You can just Google "buy iraqi dinar" or "buy iraqi currency" to see all the places out there.

example:
They're buying what? U.S. investors latch onto Iraqi dinar
http://www.reuters.com/article/2012/11/15/us-forex-investments-dinar-idUSBRE8AE1SV20121115

Most of the more "sober" articles suggest that the idea of making money by buying dinars not a sound idea, while some say that doing so as a "novelty" item is okay as long as you only "invest" an amount you can afford to lose.

Sterling Currency Group is currently offering one million dinars for $980. They say "Lowest prices and FREE shipping!" suggesting that they send you actual paper currency. (?)
https://www.sterlingcurrencygroup.com/

The above ad is interesting to look at. Various plans, so much down, so much time to pay, etc. The whole thing is kind of weird but browsing the ads one can get an idea of where the "Dinar gurus" are coming from. "Choose your denominations and amounts".

"We give you $30 in Loyalty Credits for every $1,000 you spend with us! This makes our prices the lowest in the business!"

There are lots of other stories that come up with the above mentioned Google search. But be careful... you might find yourself getting sucked in!

Browsing the whole phenomenon in this way helps one to understand why the people like the "Dinar gurus" are waiting with such intense expectation.

------------------------------------------------------------------------------------

note:
This calculator page gives the USD value of one million dinar to be $869.56 (which the Sterling Group above is selling for $980).

http://coinmill.com/IQD_calculator.html#IQD=1000000


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Articles In This Thread

* Iraqi dinar - recently being said... *
hobie -- Wednesday, 29-May-2013 02:24:21
I wonder how many "dinars" do these guys have? ...
billym -- Wednesday, 29-May-2013 09:44:22


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AN EXPLANATION OF THE FACTIONS