Before You Buy Iraqi Dinar — How To Purchase and Avoid Common Scams and Ripoffs
By: Dominick Giammarino
TEMPE, AZ, July 17, 2014 - Looking to buy Iraqi Dinar? Before you make your purchase you need to understand where to buy it, how much it should cost you, and how to avoid the many scams out there. By reading this article you will know how to purchase Iraqi dinar. Some people are searching for buy Iraqi dinar scam and they are finding this article, which is great because I want everyone to be informed. If you are trying to decide where to buy dinar, there are only two places I would purchase Iraqi Dinars from Amazon.com (http://globalcurrencyreset.net/amazon-dinar) and eBay.com (http://globalcurrencyreset.net/ebay-dinar) and the reasons behind that are simple.
First off, there is the great free market opportunity for sellers on eBay. Some are from the US, some are from South Korea, and some live in Canada. The Iraqi Dinar sellers on eBay want to make money, so it is in their best interest to keep the lowest, most competitive prices. On most of the Iraqi Dinar calls, you will mostly hear company names, mainly because the host is promoting the company. Buy from Sterling at your own risk, if you visit my video here (https://www.youtube.com/watch?v=gDaaqi-1aEA) you will see that TNT Tony admitted he works for that company, I do NOT endorse Sterling. In addition, if you notice, I NEVER recommend any Iraqi Dinar companies, I believe in free market opportunities, so please check out eBay and to a lesser degree Amazon.com for the best prices, always check feedback ratings before you buy. Shopping around will help you to buy Iraqi Dinar cheap.
If you want to buy with Credit Card eBay and Amazon offer this. You can’t do this at a bank because it’s considered a cash advance, and you can’t do that on most other dinar dealers online. Dealers prefer to have direct funds without all of the transaction fees, paying for your Iraqi dinars with a credit card means extra merchant fees for them. As a result of these high fees, the dealers prefer digital checks, or direct deposit (your checking into their business account) this is another reason why I recommend Amazon and eBay as your best options. Buy Iraqi dinar paypal is another term some of you might be searching for, eBay (http://globalcurrencyreset.net/ebay-dinar) offers the option to pay with PayPal, so try it, I have. This article continues with my research on how to buy Iraqi Dinar online.
Buy Iraqi Dinar — What I’ve Researched Regarding Ripoffs
Let’s start with the obvious one right off the bat, dinar reserves. First, you don’t need to buy dinar reserves. If you think you want to buy Iraqi dinar then forget reserves altogether. Dinar reserves are simply when someone says if the dinar revalues you have to option to purchase X amount of dinars at X price. This is also known as dinar options. Here is what I copied off of a dinar reserve site. Please note, I altered some of the text to avoid getting into copyright infringement trouble, I also added my comments in parenthesis so please read this example below:
For our ordering process (which I consider a scam) you will be reserving in a secure way a total of a million IQD for every 100k IQD you order. (wow what a deal! let’s keep reading) Your order will arrive in four 25k notes totaling 100k IQD, again this is for EACH quantity you order and it be will sent right after we get the receipt of your payment. You will be Securely Reserving a 30 day right to purchase ONE Million IQD for each amount or quantity that you entered, regardless whether or not there is a rate change of the IQD. (now here is where I really have trouble believing) If you decide to exercise your right to purchase a million IQD at the set rate of $1,000 within the 30 day time period, your million (or whatever quantity you order) will be shipped out immediately following payment.
OK, so what I have gathered is that you buy Iraqi dinars, but you also get the option to purchase an additional million within a one month (30 day) window. So if the dinar revalues 12 days after you place your order, you will not only have your 100k but you will have the ability to order another million for another $1,000 within the following 18 days. If the dinar revalues at a penny, then you will be holding onto $100,000 worth of dinar that you only have to pay $1,000 for. OK, so sign me up! That was a joke by the way, the problem I have with this is the fact that most of these dinar people really don’t have the reserves they claim they do. Quite recently, people who tried to buy Iraqi Dinar from Sterling found out that they couldn’t get specific notes that they ordered. How does a company like this make such a huge error? Of course, TNT Tony (http://globalcurrencyreset.net/tnt-tony-dinar/) had a representative from Sterling on his show in late May 2014, that’s how I found out. Some of you still don’t believe me when I tell you that Tony has admitted he works for Sterling, here is the audio clip I posted some time ago: https://www.youtube.com/watch?v=gDaaqi-1aEA As far as I know, this scam is not limited to the US and is common in currencies other than the US Dollar, be careful.
The other problem is that when the dinar doesn’t revalue, which it hasn’t since 1990, then you lose your option and your investment into the option. Now, 100,000 dinar should only cost you $85 (source: http://www.xe.com/currencyconverter/convert/?Amount=100000&From=IQD&To=USD) but with this dinar option added on you end up paying around $130-$150. Think about that, you are paying 50% to 75% more (called a premium) and getting NOTHING but a promise that they don’t have to even keep. The Iraqi Central Bank, also known as the CBI or Central Bank Iraq, can change their currency at any time, so make sure you bookmark that link above.
The reason they don’t have to keep their promise is because they can simply file for bankruptcy, then afterwards they transfer their assets offshore, or they can forgo bankruptcy altogether and just transfer their assets to the Cayman Islands (which many of the richest people in the world do) and their money can’t be touched. Another example is they take their money, withdrawal physical cash from a bank in the U.S., buy gold or silver locally with the cash (no paper trail) and store it in a vault somewhere. When the IRS finally catches up to them, they assess what he or she’s business is worth, however, since their real wealth (gold and silver) is stored elsewhere the bankruptcy proceeds without those assets listed. If you were wondering did Donald Trump buy iraqi dinar, unfortunately,
Let’s assume they have an L.L.C., they go bankrupt (meaning their business has more liability then assets) but still keep some of their personal non-business money in their private (non business) account. You lose your extra investment for the option purchase, or premium as it’s called, and now they get to live on the Cayman islands, where they are NOT subject to US law or Repatriation. With the amount of money they have, they don’t need to come back to the USA or Canada or wherever they are from to stand trial, oh no, they are gone, for good! There are some people on eBay and elsewhere that are selling these options or reserves and are making a fortune! They sell you no physical of dinar but offer millions of dinar in options, in some cases, five or ten million in options! So you pay $200 and they get to keep your money, they do this multiple times PER WEEK! I calculated one eBay seller who has been selling these options. He is selling these 90 day options and if you add up all of the auctions he would have to have over 150 million dinars, but he doesn’t sell any PHYSICAL dinar. I contacted him, if you watch the video I posted below you will see and hear what transpired. UPDATE: as of June 3, 2014, eBay user kevimos, who I contacted about his fake options, is no longer a registered user. You can still see his auctions from the past. http://youtu.be/aovObmqfxZY
Buy Iraqi Dinar — Final Thoughts
What is the future of Iraqi Dinar? It’s anyone’s guess, but when Iraq get’s their running water and electricity, this country will be one of the best investments you can make. I have already made my decision to invest today.
Learn more about the history of the Iraqi Dinar here before you buy iraqi dinar -
If you are expecting the revaluation of the Iraqi Dinar then make sure you buy a little bit of dinar, links to Amazon and eBay are posted below.
Some people are still asking the question, “Should I buy Iraqi Dinars?” In my opinion, yes, but only buy what you can afford to lose. Remember, there are lots of people who buy and sell Iraqi dinar, make sure you investigate first. If something goes wrong you won’t be out $20,000, and if something goes right you might receive double your investment or more. The day will come when you can buy Iraqi Dinar from bank, yes, I know, hard to believe, but a few years ago, you could buy Iraqi Dinar from Chase bank. That is not a mistake you actually could really buy Iraqi Dinar, I have an acquaintance who did so. Hopefully, the next time I go to the bank with my dinar it will be for the dinar currency exchange, I want this reset to happen as soon as anyone else, I just wish we didn’t have to wait so long.
Now, you are asking yourself, should I buy Iraqi dinar? That’s entirely up to you, I’m not a financial adviser. I’ve tried to tell you how to go about purchasing Iraqi dinar. I hope this article assisted you. Make sure you checkout out the breaking news page here for Iraqi Dinar News http://globalcurrencyreset.net/breaking-news/ also http://dinarrvnews.net
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