Investing 102

[takid455]

Heard thus tid bit an wanted others perspective. Now this sort of ruffles the purpose of this thread but with good intents.

Foreign currency investing

Iraqi Dinar in question. Currently at 1/100 of a cent roughly where it was 3.25 to 1 USD in the 90's.

Did some online research and found that the Iraq budget is supposedly to be set 2/5/13 which could lead to a revaluation of the Dinar thus yielding great returns.

one source I found
http://dinarwatchdog.com/


What I didnt see is prior revaluations and or inputs to industry of this country that is restructuring/ rebuilding to make the currency increase. Although it does have one the the biggest oil reserves in the world.


If this is true , a 1G USD investment could make overnight Millionaires if the Dinar was set equal to the dollar. Does seem this idea has been going on for sometime.

Anyone here have better input?

[GregWeld]

Originally Posted by takid455

Heard thus tid bit an wanted others perspective. Now this sort of ruffles the purpose of this thread but with good intents.

Foreign currency investing

Iraqi Dinar in question. Currently at 1/100 of a cent roughly where it was 3.25 to 1 USD in the 90's.

Did some online research and found that the Iraq budget is supposedly to be set 2/5/13 which could lead to a revaluation of the Dinar thus yielding great returns.

one source I found
http://dinarwatchdog.com/


What I didnt see is prior revaluations and or inputs to industry of this country that is restructuring/ rebuilding to make the currency increase. Although it does have one the the biggest oil reserves in the world.


If this is true , a 1G USD investment could make overnight Millionaires if the Dinar was set equal to the dollar. Does seem this idea has been going on for sometime.

Anyone here have better input?

This SCAM has been circulating for about 5 years now....

Here's my advice. Take your 1G and toss it in the street - you'll have better odds of becoming a millionaire.

Or actually do some real research - starting with checking your "story" out... just Google "Iraq Dinar investing" and just read any of the first 2 or 3 stories.

[takid455]

Looked deeper at some more trusted sites and saw the story. Funny how this revaluation is stated for 'next tuesday' (meaning it never happens). I thought something was up when it seemed to good to be true. Could it happen, sure, but doubt it will be an overnight drastic change.

[GregWeld]

Originally Posted by takid455

Looked deeper at some more trusted sites and saw the story. Funny how this revaluation is stated for 'next tuesday' (meaning it never happens). I thought something was up when it seemed to good to be true. Could it happen, sure, but doubt it will be an overnight drastic change.

Always, always triple check these kinds of get rich quick schemes out!!

And remember, if it seems too easy or too good... It's most likely just plain crappola.

[Bucketlist2012]

I was too excited to sleep.

I am in the middle of a refinance at 3.75% for 30 years...

[Flash68]

Originally Posted by Bucketlist2012

I was too excited to sleep.

I am in the middle of a refinance at 3.75% for 30 years...

Nice! That refi window seems to be closing more and more each day....

[Bucketlist2012]

Originally Posted by Flash68

Nice! That refi window seems to be closing more and more each day....

Dave. Thanks..

Yes, The bottom at the bank I am at was 3.625% and it went to 3.825%, so I am going for it.. Right now it is 3.75%

No cost , and 300. fee.

Once Bernanke took the 2015 rate increase off the table and tied it to the Unemployment rate that can be manipulated, I knew it was time...He can change things now overnight.

I have a good loan now, but soon I will have a great loan...Just unbelievable ...Below 4% APR.....