Question about Dinar

[Clewis423]

Hello to all, forgive me if this is stupid, tried the search did not come up with anything. My search fu is probably messed up. So I looking to invest in the dinar and have the following questions if anyone can help?

1. What will happen or what is my options if I buy dinar now and they change the currency?

2. I have been looking at dinar trade.com to buy mine. Is this a valid seller of the dinar and a good place to buy?

3. Also when the RV happens what is the expected tax percentage that will have to be paid to Uncle Sam?

The reason I ask about dinar trade, a friend said he googled and they got caught selling old iraqi dinar and changed the name to what it is now, so i guess it was listed as a different company name. Has anyone heard of this?

Any info or advice would be greatly appreciated, I have been doing some reading but there is a wealth of info and too much to read, great info though as far as i can see from reading thus far.

thanks in advance

[Kandi77]

Welcome Clewis,

If you buy dinar and they add the lower denominations, your bills will be worth what they are, unless they LOP. (Do some research, I don't believe it will happen, but no one knows for sure)

Dinartrade is a very reputable dealer. I have purchased all of mine through them and have had great experiences.

No one knows for sure about the taxes, everyone has an opinion, I am planning on 35% fed and then about 7% for State (Utah) JMO.

Hope this helps a little!!

[Clewis423]

Thanks, it is appreciated. What is LOP? I just hear some people talk about the currency changing that what i buy now if they change it will be worthless or something to that effect.

[Kandi77]

The LOP is a theory that they may take the three "000"s off of the larger bills. So your 25000 bill would be worth 25. There is a whole section on LOP talk. I'm not saying it can't happen, but the research that I have done leads me to believe it wont happen. Again this is just my opinion.

I also don't think they could just change currencies and say what we have is worthless, but this is Iraq and you never know what will happen. Make sure you don't invest more than you can afford to lose. I didn't invest in this speculation to lose, but it's always a possibility.

[Clewis423]

Roger that, Im looking to do 2 million of dinar and thats it, hopefully sit on it till its a good time to cash in and make a proffit even after I pay uncle sam.

[stu761]

Try your local Banks... I got most of mine at the Bank and it was cheaper.