Empower Network

People have been lighting up the forums talking about the ‘Iraqi Dinar scam’. The Iraqi dinar investment opportunity has been around for more than 7 years and in the past 12-18 months has increased tremendously in popularity. People have been jumping on this bandwagon like crazy in the past 12 months especially.

I personally don’t call this the Iraqi Dinar scam. Here’s why. There are many different reasons something would be called a scam. In this instance, I don’t believe people are really calling the Iraqi Dinar a scam. I think the main thing is that in a lot of cases, the marketing of the Iraqi Dinar investment opportunity is a scam. The Iraqi Dinar is a real currency (although it is currently not worth much). Iraq is a real nation. Obviously that nation has been through a lot, but nonetheless it is a real nation that has the potential to rise in status and prosperity. I personally believe there will be a lot of people that could become extremely wealthy for holding large amounts of Iraq’s currency.

There are definitely scam artists out there that are doing and saying everything they can to get people to buy Iraqi Dinar currency from them. Dinar dealers are making a huge profit promoting this currency. Actually, they are making their fortune off of promoting the ‘revalue’ of the Iraqi Dinar. I do not know for sure when or if the Iraqi Dinar is going to revalue, but I do believe it is a genuine possibility. One of the main references that Dinar enthusiasts hold on to is the Kuwait Dinar revalue that happened after the first Gulf War. Saddam Hussein invaded Kuwait and replaced the Kuwait dinar with the Iraqi dinar. When this happened, the value of the Kuwait dinar plunged and became almost worthless. There were many investors that bought the Kuwait dinar at a very low price. The U.S. stepped in and helped Kuwait get back on their feet. Kuwait then ‘revalued’ their currency. People that bought the Kuwait dinar during the time frame when the value had plunged made a lot of money.

Obviously, I cannot say whether or not the Iraqi dinar is going to revalue. But what I can say is that the Iraqi dinar is a real currency. It can go up or down just like any other currency. People that have labeled this as the Iraqi Dinar scam have misrepresented the whole idea of currency trading. Here’s how I see it. The U.S. dollar is declining in value. The Iraqi dinar is pretty much at a standstill right now, but it is not worth very much at all. Iraq has one of the largest oil reserves in the world. In January, it was estimated that they were pumping out 2.5 million barrels of oil per day. The natural resources that this nation has are huge. I believe that there is a very good chance that this nation is going to grow and increase in prosperity. If this happens, then their currency will grow in value.

You can get 100,000 dinar for roughly $170 USD as of right now. If the Iraqi Dinar revalues to the same rate that they had before Iraq was invaded, then 100,000 dinar would be worth over $300,000 USD. Not a bad trade, huh?

Although there is no guarantee that the Iraqi Dinar is going to revalue, this is a hard opportunity to pass up.  The Iraqi Dinar is so cheap right now, that a very small investment could pay huge dividends in the near future.

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Be blessed,

James Starr