Поделиться с друзьями

%img src=http://i.ebayimg.com/00/s/NTY2WDg0OQ==/z/yL8AAMXQlrxRZ254/$T2eC16hHJH8E9qSEYOjoBRZ253kh+Q

60_35.JPG?set_id=880000500F /%

With the economy of the United States and many other countries in trouble, a lot of people are looking for things to invest in besides the American dollar or gold. Recently, many people have started discussing the Iraqi dinar as a new investment possibility. Others see it as a novelty item to purchase as a collection piece. Certainly, selecting the Iraqi dinar as an investment might be a good idea in the right circumstances, but investors should become aware of all the facts surrounding such an investment before making any sort of decision. The sections below outline a variety of information beneficial to those considering the Iraqi dinar as an investment or collection item.

The Iraqi Dinar as an Investment

There can be a lot of hype when it comes to the buying and selling of the Iraqi dinar as an investment. For instance, many sites that sell the dinar claim that the United States government supports the sale of the currency, or imply that dinar are trusted by the American government as a long term investment. Some dealers even offer government documents which supposedly support this claim. While the U.S. government does not in any way discourage citizens from purchasing the Iraqi dinar, such documents should not be construed as government approval of any dealer or website’s sale of the currency. The truth is that any business or person wishing to sell any type of currency in the United States must register with the United States government first. After registration, the U.S. government sends them a letter confirming that they have, indeed, complied with this law. The letter is not a document of approval and does not indicate that the government vouches for the company or persons selling the currency. Possession of this type of letter by a dealer in Iraqi money (or the currency of any other country) does not mean that the dealer has been cleared via background checks or any other means.

Iraqi Dinar Falsehoods

Below are several other misleading claims (or outright falsehoods) connected to the Iraqi dinar as an investment.

• Millions of Iraqi dinars have been purchased by the US government in an effort to pay off the United States debt.
• Celebrities are stocking up on the Iraqi dinar and have purchased the currency in large quantities.
• Experts (or named high-ranking officials) have inside information that the Iraqi dinar’s value will sharply increase sometime in the near future.
• Those investing in the Iraqi dinar can expect the same results as those investing in the Kuwaiti dinar.
• Large oil reserves guarantee the Iraqi dinar will soon increase in value.
• This is the last opportunity to get in on this deal!

• No need to purchase now, one can pay for an option to buy at a later date.

Although the buying and selling of the Iraqi dinar is completely legitimate, investors should be careful when purchasing the currency for investment purposes. Buyers should become well-informed, and should deal only with well known dealers or with websites that have a buyer protection plan in place. Here are a few things to be aware of.

• The Washington State Department of Financial Institutions warns consumers about potential scams regarding Iraqi dinar currency exchange services, saying, Several websites have. begun advertising investment opportunities in Iraqi dinars, the currency of Iraq. These websites are asking the consumers to send a check, wire, money order, or pay cash upon delivery of the dinars.
• The State of Utah lists Iraqi currency scams on their top ten list of investment scams.
• The State of Maine has issued a warning to anyone who receives a notice from any person or persons asking for help moving money from Iraq to the United States.

With all of these warnings in mind, it is best to purchase the Iraqi dinar from a reputable dealer, or from a website with a guarantee in place that assures the customer’s full satisfaction. Although the Iraqi dinar is not the surest investment, it can be a profitable one. Iraq has great reserves of oil and natural gas, which are always in demand. And with energy prices always rising, investing in the currency of a country rich in energy commodities might pay off in a huge way. Many investors predict that this will be the case if Iraq can get its political issues under control. The dinar is now worth approximately $0.0007. If its value were to increase to even just one U.S. cent, investors would make a 1,329% return. Many investors believe the dinar will hit that mark. In 1982, the dinar was worth between three and five U.S. dollars. Even if the value of the currency were to go up to half what it used to be worth, investors would stand to make a fortune.

The Iraqi Dinar as a Collection Piece

With all of this in mind, it is easy to see that purchasing the Iraqi dinar as an investment can be risky, but could pay off in the end. On the other hand, many buyers purchase the Iraqi dinar not as an investment, but simply as an addition to their collection of foreign currencies. For those unfamiliar with collecting currency as a hobby, there are many ways to start a collection. Below are a few suggestions.

• Acquire foreign currency from people who have travelled overseas. Often, travellers have a bit of foreign currency left over when they return home. Some may be glad convert it back into American cash.
• Get foreign currency from friends or relatives who live in foreign countries, such as military personnel, missionaries, or friends met while visiting abroad.
• Acquire foreign currency from one’s own travels. If one has the opportunity to travel into a country where it is legal to do so, he or she should be sure to bring some of the currency back home.
• Buy foreign currency from reputable dealers and websites. This is perhaps the easiest way to acquire foreign currency, since it can be delivered straight to one’s doorstep. As previously stated, one should be sure that the dealer or website is a reputable, well known business or company which has a buyer protection plan in place. This helps to ensure that the buyer is completely satisfied with their purchase.

Not all foreign currency can be purchased by each of the above methods.

How to Buy Iraqi Dinar on eBay

When it comes to purchasing Iraqi dinar, whether for an investment or as a collection item, eBay is a great place to start. The eBay website has a Buyer Protection Plan which meets all of the criteria mentioned above. Working with PayPal, eBay is able to give a money-back guarantee for any purchase made through eBay and paid for through PayPal. Buyers are guaranteed refund of both the purchase price and original shipping costs if not completely satisfied.

Seller profiles on eBay make it easy for a buyer to check a seller’s history and determine if they have a sound reputation as a reputable dealer. Buyers leave comments on the seller’s profile that rate their satisfaction with the purchase, the seller’s service, and their overall experience with that seller.

Locating Iraqi dinar on eBay is very easy. Type the words Iraqi dinar into the search box at the top of the page on the eBay home page (without quotation marks), then hit Enter, and eBay returns hundreds of examples of the currency for sale on the site. After searching through the various categories, if you still do not see exactly what you are looking for, eBay lets you notify sellers of items you seek by using the Want it Now feature, so that sellers can contact you if they have what you need. Finally, if you save it in a search on eBay. you can receive email notifications from eBay anytime your item becomes available on the site.

Conclusion

Whether as an investment or as a collection item, Iraqi dinar are easy to purchase from coin collecting stores or from online marketplaces like eBay. Be sure you understand the ins-and-outs of currency buying so that you do not get tricked into unwise purchases. And when purchasing online, do so through eBay or other sites that offer money-back guarantees if you are unsatisfied with your merchandise.