Dinarasaurus: So the Dinar is a scam?? Check this out!
I ran across this some 3 years ago, but couldn't remember where from. I only updated some $$$ to be relevant to today's circumstances! It makes very good sense and VERY hard for the negative Nellie’s to argue against! Enjoy!
We've all heard investing in the Dinar is a scam.
If there is a scam going on, it's the US govt, Iraqi govt, IMF and UN holding back info ... delaying ... the inevitable. But post RV/RI you'll be praised for your insight into this investment by the nay Sayers. (also known as Hindsight investors)
You want an example of a scam? Play the lottery. The odds of winning are astronomically against you. That scam plays on the hopes of the uninformed, or desperate, seeking great rewards without understanding the odds.
Governments make unimaginable dollars preying on lottery ticket buyers. Whereas investing in the Dinar, we can attempt to track international politics and become somewhat educated on our investment.
We are talking the currency of an extremely resource rich country (Gold, Oil, Diamonds, etc.) torn by a former dictatorship, war and civil unrest. In time, this revaluation of their currency will happen. Maybe not when we expect it, and maybe not in the manner we expect it, but the value of the Iraqi Dinar will rise. And eventually, we will see our financial rewards.
But with the lottery, as those little balls keep tumbling, the odds of winning never get any better, and you never gain any additional insight on what numbers to pick, and you have to keep buying more tickets for a fresh "chance to win."
We've all heard it's risky:
Bunk!! The most you can lose in dollars, is the amount invested, and that can ONLY happen if you actually drop your wallet and LOSE YOUR DINAR!! That is right ... if you misplace the currency.
Lets say for example if you purchased your currency reserves from XXXXX XXXX and your reserve expires, they send you an actual 5K dinar note for each 1,000,000 dinar bought on reserve. No loss there. Also, pretty much all currency dealers have a buy-back policy, right?
Does your financial planner or 401K managers have such a policy? Afraid not.
You want to talk risky? Buy into the stock market, without educating yourself. And what can you really learn from a prospectus? And remember, most financial planners are commissioned salespersons. Ask them if they make their living on their commissions, or on the results of the products they invest their client’s money into. You'll be shocked by this scam.
Let's say you timed the market well, and bought General Dynamics awhile back at about $35/share. And now it is about double that. Forget trading fees, ... you doubled. So if you had purchased 5 shares, for $175, you would now have ~$350. Remember these numbers. Double your money in the stock market ... but limited realization in terms of dollars gained, but the limited number of dollars invested initially. 100% rate of return in one year.
How about SSI?
Counting on this for retirement supplement, now that's another risky government scam. 'Nuff said.
How about Real Estate?
Let's compare it to purchasing Dinar. Build a speculation house for 200,000 and try to market it for 300,000. That is a 2:1 ratio. Or buy a foreclosure house. Say EFMV $150,000 purchased at auction for $100,000, plus holding costs and closing costs, so max realized gain is maybe $50,000 - again a 2:1 ratio. But you may hold longer than anticipated, (more expense) and lower your selling price and only make $25,000 - now you’re at a ratio of say 5:1. That is saying that for every $5 invested, you only made $1.
If in the example, you are upside down in real estate, you've invested 150,000 and got out at 125,000. Now you have lost $25,000. Now compare that to the Dinar. In the Dinar, you only risk what you invest, and to that I take you back to currency dealers buy-back policy. Further, you did not have to start with a $100,000 investment to try to gain $50,000.
How about buying an estate property below EFMV, and needing to sit on it for three years before reselling it. Even if a profit is gained, the rate of return annualized needs to be divided by three. And was there a positive or a negative cash flow on that property for the three years you held it? Again, compare that to the Dinar. The only argument against the Dinar here is that the amount invested was stagnant while you held it.
And if you had the amount of your Dinar purchase in a CD right now, could you get 2% return? I doubt it. And to get 2% you're probably looking at a 5-year hold. 'Nuff said.
We've all heard negative news sound bites. The few sound bites I've heard were so trite, they were laughable. That's not journalism ... it's sensationalism, not credible research. It's been the blind leading the blind.
What about how long we have to wait for the RV/RI to exchange.
OK, some since 2004.. If you are in an employer based retirement system, how long do you have to work, in terms of years, before you become retirement eligible? And what kind of return do you get? Do you know how to track it? Have you done your homework there? Now that might be a risky investment ... a lifetime.
Oh, you don't have an employer based retirement system? Okay. Then look into your Roth or traditional IRA or other "paper assets" in your portfolio. What did you say? You don't have a portfolio? Or did I just hear you say your portfolio was cut in half in the past few years thanks to XXXXX, as well as your annual earnings? Wow. That was a risky investment, ... very risky.
We've all heard it's an pyramid scheme.
Go to work tomorrow to your JOB (Just Over Broke). I'm all for capitalism. I believe in rewarding those that take the calculated risks, those that create jobs for others, those that stabilize local economies. But when you look at the company ladder, well, there is your pyramid at it's best.
Dinar Dealers, yes, as businessmen have made this venture accessible to us all. And for their effort and risk IMO they deserves to make profits.
There are the nay-Sayers that say the only ones making money on the Dinar are the sellers, such as CBI and currency dealers. Well, time will reveal the truth on that point of contention.
So let's talk Dinar.
100,000 Dinar mailed overnight from a Dinar Dealer is maybe $105, + $20 UPS fee, + $1.00 for the money order = $126 invested. This is a relatively small amount to invest in anything.
Presently the rate is $1=1166 IQD, or $0.0008547/Dinar. But with shipping, etc, ~= $0.000165 (a trifle above 1/10th cent per Dinar.) So we'll call it $0.001 = 1/10th cent per Dinar.
If/when there is an Revalue/Reinstatement, look at the numbers. We know the low of 1 IQD could be $3.58 (current amount loaded on Qi cards, but not released in US as of yet) to highs of $28.00 (?) (contract rate, not available for all). For easy math, I'm just using RV at 1 IQD = $1.
That means your $126 investment is now worth $100,000 pretax. Okay, you'll have some expense to exchange ... minimal in big scheme, but may take your total investment to say $500. So you turn $500 into $99,500 (in pretax $$$).
You did not have to risk investing 1,000,000 to make a potential 100,000, or $125,000 to make $25,000.
Better yet, you were not excluded from the opportunity to make this $100,000 because you lacked the $1,000,000 in cash or credit to invest.
And if the increase in the Dinar on the currency exchange boards is a gradual float, and not a spike from an RV/RI (not saying this is likely) you will have to decide for yourself when to cash in. But in this scenario, all it needs to do is increase to 1 IQD = 1 penny, and you have a ten fold return on investment, grossing $1000 on a $126 investment. AND THAT'S IF IT ONLY GOES UP 1 PENNY!! Have your financial planner or realtor or banker deliver that return! Not gonna happen.
Compare the Dinar to CDs. No comparison.
Compare the Dinar to IRAs/MFs/stocks/bonds, etc. No comparison.
Compare the Dinar to the lottery.
No comparison. How can I say that? In the lottery, the numbers predicate the number of winners, typically one, if any per drawing. But with the Dinar, all of us that exchange are winners. Thus, again I say, no comparison.
Compare the Dinar to real estate.
I've had great returns and can even mathematically show you infinite rates of return, but for the vast majority of people, real estate transactions returns vs. the returns on the Dinar investment, well ... no comparison. Further, how many across the globe are in trouble financially as we speak, because they thought their home was their biggest asset, only to now realize that their mortgage and over-leveraging is eating them up, both financially, and emotionally.
Compare the Dinar to pension plans.
Took you 20, 25, 30, 35, etc years of your life, and you can only receive pension payments as allotted, under someone else's discretion. So, ... no comparison.
And for the negative Nellie’s that say you were scammed when you bought into the Dinar investment, with the $126 they did not invest, they may have purchased them something else. Lets say they bought dinner and a movie for two, or some clothes they'll only wear a few times ... So when your investment is eventually worth (Example only) $99,500 pretax, I hope they enjoyed the dinner, movie and clothes that now cost them ~ $99,500.
And I'm not done yet. Let's say you pay your taxes and tithes, and then pay off your remaining mortgage, freeing up that $650/mo payment for the next 180 months of your life. Look at how much "not buying Dinar" now cost the negative Nellie’s. So I'm willing to give up a night out with my wife and new shoes.
And finally, for the negative Nellie’s... they are all missing out on a great opportunity to grow in the Spirit as we fellowship on this forum, and lift one another each evening.
If you followed all the way through this post, thanks for reading. I needed to vent. I needed to take the frustrations of listening to negative vibes and multiply that with negative reasoning, to produce a positive outcome.