Ha Ha, good point. BTW, I'm just curious, how do you respond to this:
One site I visited had a chart showing the historical value of the dinar from 1932 through 1982 fluctuating between just under $5 and just under $3 per dinar. Gee, the dinar is now worth only $0.0007. Could you imagine if it made it back anywhere close to its historical range? Why you'd make a killing! Even if the dinar climbed in value to just one cent, that would represent a 1,329% return!!! Surely, it can go up at least a penny.
Really? If that's a sane rationale for investing in a currency, then why not buy the Turkish lira, which trades at $0.0000007?
I don't know, perhaps you do speculate in all kinds of currency. Like I said, just curious. My bro-in-law is stationed in Bahrain and sent me an e-mail with the dinar opportunity a while back...
Turkey is a relatively stable country compared to new Iraq, nothing to speculate on.
New Iraq is a unique situation, and I am betting that in 5 or 10 years it will be a stable country with a strong economy and the currency that I bought under the worst possible conditions will be worth more than I paid for it.
Worst case is I lose the money I paid, no more. I think it is a smart bet. He is entitled to think what he wants. Time will tell.