Iraqi Dinar Alert

Thinking about investing in dinar iraqi? Here’s some food for thought:

Why not take the chance? The only thing you have to think of, is how much can you afford to “gamble”. Myself, I have been to Las Vegas, and lost over $1,000 in two days. No big deal, I knew I could afford to lose it, oh well, it was fun trying.
This dinar is the same thing, in the fact that what if. I would hate to be sitting in my living room, watching the news five years down the road, and see that Iraq has been stable for a couple of years, producing unbelievable amounts of oil, and the dinar is worth 2 dollars for one dinar. Now that million dinar i COULD have bought could have made me a millionair.
The thing is, even if it stays the same as it is now, I am not losing any money, and have just made a possible long term investment. Hey, I will be laughing all the way to the porsche dealership!
Comment by Russell at June 27, 2004 06:39 AM

If you buy Iraqi Dinar from an internet dealer you will pay a very stiff markup. For example, pricing on a recent day showed one established dealer selling one million dinar for $1,095.00. The Central Bank of Iraq auction price for that same day showed the value of 1 million Iraqi dinar to be $677.50.

The dealer markup in this case was about 62%. The lowest markup I could find was at Safedinar.com which was selling one million dinar for $775.00 - a 14% markup. Dealers argue the markup is necessary to cover their transportation costs, overhead, risks, and provide a reasonable margin of profit.