Do your research... Foreign Currency Investing Consultants.

[Dinar Buddy]

I have been contacting Foreign Currency Investment Consultants.  I have spoken with them about the IQD & Dong.  These investment consultants are not dealers or traders.  They are not Forex.  These folks can be found on the internet or recommendation of your banks.

 

Understand exactly what your have spent money purchasing.  I was shocked.  I do not want give any names as I am not promoting.  I want you to be educated.  Call more than one, do a deep dive... it is your money.

 

 

[kenshin7]

so was the response more positive or negative  from what you learned , after reading this post it just raises more questions for me

so a small sense of what you learned would be nice to hear.

[GPCarter]

Good advice. Most big banks have what are called "foreign exchange investment specialists". They don't engage in forex trading but they can assist clients with various foreign currency transactions. They can also direct you to "managed forex accounts" and other foreign currency based investments. There are managed accounts that beat the best hedge funds and other investments out there.

One thing to consider, contrary to popular opinion you did not "purchase" or "invest" in anything. Based upon speculation what we technically did was "exchange" or "swap" USD for IQD. We did not buy an investment. We did not purchase a stock, bond or other security. We simply traded one currency for another. The additional fees you paid accounted for things such as the seller's spread and shipping fees. We did so hoping that when we swap / exchange IQD into other currency at a future date, we will end up with a profit. Essentially what we did was a private, off-market, forex exchange.

If you ask any of these people above about the IQD as NOW (when it is not internationally traded) most of them will have very bad OPINIONS and will mostly trash the IQD. Most people hear these opinions and get scared because they come from people at banks. Well, a lot of the people at banks surprisingly know very little about money and even less about foreign currencies. They don't deal with nonfunctional currencies so obviously they will only have bad things to say about IQD if someone inquires about it. Some even call it a scam BUT if you ask them exactly HOW it is a scam or WHY it is a scam they can't give any logical reason for their opinion. There are some people working at banks and they call it a scam even though the bank they work at made it available to their clients. It would seems that would make the banks and the UST registered companies all participants of a "scam"

Edited September 1, 2013 by GPCarter

[Dinar Buddy]

Our purchases are speculations.  The question could be the dealers using a loop hole to buy and sell IQD...  I just see this whole thing taking more, many more years.

[rockfl9]

Dont be fooled by the "UST registered" statement. It only means that the dealer has announced to the UST that it will comply with the govt regulations as a money service business. It does not guarantee any thing to the customer. If found to be a fraud the UTS will cancel the registration, that's all. Prosecution will be responsibility of federal/state courts.

[Doctor Smith]

Our purchases are speculations.  The question could be the dealers using a loop hole to buy and sell IQD...  I just see this whole thing taking more, many more years.

They aren't selling or profitting from it so it is bad.

 

But yes. It may never happen. Some people are so down and out that they fantasize about the Dinar to give themselve's and others some type of financial hope. Very sad. But if they can forget their troubles for a while I see no harm.