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So about this Dinar?? Safe or not?

Discussion in 'BlackHat Lounge' started by Chicken94Egg94, Feb 14, 2011.

  1. Chicken94Egg94

    Chicken94Egg94 Junior Member

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    So I was reading here and there and from friends that the Dinar is expected to reach and estimated $3.20 after it is revalued.

    So does anyone know anything about this? If so please post here or send me a message because I am ready to invest into the Dinar (at least a $1,000.00)

    From what I hear it sounds like a good investment.

    EDIT: Thnx @d4lt0s I was talking about the Iraqi Dinar
     
    Last edited: Feb 14, 2011
  2. d4l1t0s

    d4l1t0s Power Member

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    Which dinar are you talking about ? TND ?
     
  3. kumansk

    kumansk Regular Member

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    haha I thought you was talking about the serbian dinar. Good luck dude
     
  4. d4l1t0s

    d4l1t0s Power Member

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    an I thought he was talking about the Tunisian one lol
    man you really scared me there lol
     
  5. Chicken94Egg94

    Chicken94Egg94 Junior Member

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    I was referring to the Iraqi dinar because I heard that once revalued, those that invested in it will make a killing.
     
  6. Chicken94Egg94

    Chicken94Egg94 Junior Member

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    what about the Tunisian and the Serbian Dinar though?
     
  7. PitchBlack*

    PitchBlack* Junior Member

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    Avoid it man. Its a scam. The only ones making money from it are the sites that sell you the dinar. Rumors about the iraqi dinar being revauled have been going on since 2003. Its big business for these sites so they keep the rumors going to keep you buying. Even if the improbable happens and the Dinar doubles in value, there's no way to cash in. Dinars can be redeemed only in Iraq. So, even if the Dinar appreciates, you're stuck.

    Just google, "Iraqi dinar scam" You will find all the info you need.
     
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  8. Didcot

    Didcot BANNED BANNED

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    Funny that, I have cash Dinars and money invested in a bank over there earning @10% interest per annum.

    What interest do you get? 3-4% perhaps if your lucky.

    So tell me what is the problem with investing in a country that has the second largest oils reserves, Saudi Arabia being the largest, that haven't even been tapped yet??
     
  9. bf9451

    bf9451 Newbie

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    well i just invested like $300 just to see. From my research that i did last week, it could be a scam but from other reading Warren Buffet and George Sorios have been investing in it for years, supposedly. idk, i just orders a 250k iraqi dinars just in case. I will be ordering more soon.

    I think the embargo on iraq is supposed to be listing soon so that's what it the big rush is. If you do some research you'll notice that a year ago $1= 3k dinars. Now its $1= 1068 dinars. To me is seems to be getting better and if the embargo is lifted, they will once again be back on top as the strongest economy.

    I think aside from the embargo maybe being lifted, they also found another reserve in oil. So more oil for them, which in turn means more revenue. That's just from doing a few hours or research.
     
  10. PitchBlack*

    PitchBlack* Junior Member

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    Good luck with that. Invest away. Anyone who is serious about investing in iraqi dinars has not a clue about the investing world. I would rather put my money elsewhere. Yes, Iraq is rebuilding but Dinar is free-floating and heavily influenced by economic factors outside of the government's control. Scoop up all the dinars you can man, maybe one day its value will catapult and you will be the next soros. Also, goodluck spending your new found wealth outside of Iraq.
     
  11. Chicken94Egg94

    Chicken94Egg94 Junior Member

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    Well yeah I did do my reacher and I just was wondering as to what others think about this. Even I know my friends uncle who's a multi-millionaire who dropped 10k into this from all the research he had done which took him a good couple of months to do.

    But yeah all opinions are good opinions.
     
  12. LukaB

    LukaB Jr. VIP Jr. VIP Premium Member

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    There are many dinars,

    Libyan Dinar
    Tunisian Dinar
    Serbian Dinar

    etc

    Serbian dinars , like 1million serbian dinars is about $13,000. 10 Libyan dinars is about $8, tunisian i dont know.