Iraq Dinar Speculation

This was just sent in by a reader, thanks Brad!

“Investors runing scared…”

Of the 17 currencies that make up its trade-weighted basket, sterling has fallen against all but three. It has even fallen against the Hungarian forint – a currency that has already received two dollops of IMF aid; and believe it or not, the Iraqi dinar.

Source: Telegraph.co.uk

Dinar Speculation Opinion: There are, of course, many reasons to invest in Iraqi Dinar. I’m not going to tell you to run out and spend your life savings… but if you’re investing in anything, doesn’t it make sense to put some money in a proven winner? There are a lot of speculative reasons to stick your hard earned dough in Iraqi Dinar, but one fact is this:  Today, April 12 2009, the Iraqi Dinar is at 1170IQD:1USD. Look at the graph below: July of 2006, about 3 years ago, the Iraqi Dinar was at 1480IQD:1USD.

Iraqi Dinar 2006 to May 2009

Let’s work with a shorter time frame, though. Although the line on the graph is going down, the value of the IQD is going up. If you had invested $10,000 in Iraqi Currency back in 2006, your investment would now be worth…

Iraqi Dinar - July 2007 to now.

Well, not a whole hell of a lot more. The appreciation from 1350IQD per $1 to 1170IQD to $1USD is only 7.4%, but let me ask you this… would you have rather made 7.4% with a possible HUGE return in the event of a revaluation of the currency, or are you happier losing 27% with that money in your 401k? (One source of many: MSN Money.)

I know where my bets are being placed. Stay tuned, the Dinar Speculation team has some exciting announcements in the works. If you haven’t done so already, bookmark the site and tell your friends and trusted advisors to check it out!