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The Investment Scam That Refuses to Die


When a sales pitch begins with, "I'd like to explain to you why the Iraqi Dinar is not a scam," it's...a scam.

And the revaluation?

"His comment about not being on the forex is a nonsensical lie and his explanation of a revaluation/redenomination is weird and makes no sense. He is confusing the two terms (probably intentionally) to make it seem like the IQD will be redenominated and revalued at the same time as if it were two different currencies, which is absurd."

Certainly, Iraq has no interest in allowing the value of its currency go to the moon, no matter how eager Dinar buyers are to see that happen. If 1,000 Dinar is suddenly worth 1,000,000 Dinar, it would cost the country -- which is in the process of rebuilding just about everything within its borders -- that much more to pursue its efforts.

"The Iraqi government wouldn't want any appreciating currency" for this reason, Jagerson tells me.

Finally, if simply purchasing Iraqi Dinars with your disposable income isn't risky enough for you, why not consider holding a bunch of the worthless paper in your retirement account? helpfully suggests opening a self-directed IRA and securing your golden years with the Dinar. The site recommends a company by the name of Entrust.
No positions in stocks mentioned.
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