People selling the new Iraqi dinar would have you believe that. Since I'm doing that whole currency thing these days, I'm interested. However, I'm also very skeptical. If you look around for information about this stuff, you find a lot of websites with the "gee whiz what if!" model going on. They'll show you the "tiny" amount you'll pay now for Iraqi dinar and... oh wow, if it ONLY GOES UP BY ONE PENNY! etc. etc. If. There's always that in investing, of course. And maybe this is one of those situations where the item in question is so low that it can't help but go up. On the other hand, what happens if they reissue the currency and cancel the current one? That is one thing that I can't seem to find an answer to. Then of course there's the possibility that Iraq will plunge into chaos again.
On this site, the author makes mention of the recent performance of the new Iraqi dinar vs. a simple certificate of deposit. The return comparison includes all of the fees one would have to pay on top of buying the currency. Wouldn't you know it, the dinar turns out to be a loser (at least in the timeframe used in this comparison).
On some sites, I've seen blocks of dinar being offered for around $40 on the low end. What's $40? Over the long haul, basically nothing, so what would be the big deal of going for it? On the other hand, with my particular forex method, that $40 can at this time earn me $12.50 in uncompounded interest each year, a 31.25% return, not to mention occasional capital gains along the way (and that I do compound the interest manually, meaning the return over one year's time is in fact even higher).
I think I may just leave this one alone. I have a feeling that it could be a time consuming bit of research that might ultimately boil down to a coin flip in the end anyhow.
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