Quote:
Originally Posted by edgeprod
There's virtually zero liquidity in the dinar at present time. Most major brokers will sell it, but not buy it. Now, buying it n quantity from a broker at a decent exchange rate then marking it way up on eBay? That DOES seem to work at present time.
If you look at the history of fractional-cent currencies (relative to the USD), you'll find that many found a way to devalue further, despite what they were trading at when they were a "value buy" ....
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Anyone who buys the Dinar on ebay is a fool - there is way too much fake Dinar. Incredibly convincing fake Dinar that can fool some experts.
And there is very little historical precedent when talking about what MAY happen with the Iraqi Dinar. There are factors at play here that make any reference to the past a fools errand.
We illegally and immorally invaded a sovereign nation and destroyed their infrastructure while their currency was at $3.22 USD - then their military burned their oil wells and insurgents caused mayhem for many years which cause their currency to drop to near zero and remain locked away from trade on Forex and the rest of the world. (had it stayed on Forex it would likely be at least $3 now) Remember Iraq is the worlds second richest country in terms of natural resources....
We occupied the country and the IMF collaborated with us to keep the Iraqi Dinar offline. But now thats all over - they are taking over their country again and the Dinar will be re-instated. There is no reason why it wouldn't go back to 3.22 or higher based on their GDP and the price of oil.
Anyway I'm done with this thread and I didn't start this thread to convince anyone or tip anyone off - just to let you know that DinarTrade.com is the place to buy real Dinar if you choose to buy. There are very few reputable ways to buy it and DT is the best by far.
Good Luck
