Maybe you have heard about the new Iraqi currency, and are wondering if it could fit into your retirement plans.
When this opportunity first came about, many scoffed at the idea! But, since then even Mad Money’s Jim Crammer has spoken about the possibilities with the currency. You can view video footage of that discussion via the link at the end of the article.
There is no doubt that the financial future for Iraq could be very impressive. It is worth noting that the United States has a vested interest is seeing that Iraq is successful.
At one time the Iraqi dinar was worth well over $3 US per each dinar. The numbers are staggering. Some are iraqi dinar thinking this thing is way off in the distant future, but our better judgment tells us it is close. At the time of this writing the Iraqi dinar does not yet have a world value placed on it. Basically it sells on the street for whatever someone feels it is worth. At some point they are going to have to set a new world-wide price point on the currency. That way, everyone in the world could basically exchange it for the same price (minus any fees). This is badly needed if Iraq is truly ever going to get on track to being a world leader in oil production or anything else. The country does have a LOT of possibilities.
About the only downside to this investment is that you may have to wait a while to cash in (just don’t wait to get your dinar). True, the new country could fold, and a new dictator pop up that changes over to a whole other currency. However, there are Billions involved in this plan, and we don’t feel the US, Great Brittan, China, or any of the other countries who have either a political of financial stake in Iraq is going to let that happen.
So, how much could you earn? A few thousand could make you a millionaire!
Is it a sure bet? There is no such thing. However, the upside on this is so HUGE that you might feel like a dunce if you didn’t at least get a quarter million dinar (about $300 US) or so.
Currently you are not able to hold the dinar inside of your retirement account. That could change once it’s valued, but the real opportunity is now – before revaluation.
To get your hands on the dinar, be sure to use a reputable dealer. CNBC did an interview with one, you can view that video here:
bc.com/id/15840232?video=1311362126&play=1Here is the video (mentioned earlier in the article) with Jim Crammer:
Doug West has worked in Financial Planning and Investment training for over 20 years. Get his No-Cost Audio Report on how you can Secure Your Retirement with Free-Online Tools: