Dinar and Dong?

Discussion in 'Currencies' started by justin536, Sep 21, 2013.

  1. justin536

    justin536 Member

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    Hey guys does anyone know much about the currency's apparently dinar is going to change soon and b worth alot more soon?
    Anyone heard of this?
    Just curious!
    Juz
     
    justin536, Sep 21, 2013
    #1
  2. Kam

    Kam Active Member Silver Stacker

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    There are a couple of countries using the Dinar as currency, which one you talking about ?
     
    Kam, Sep 21, 2013
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  3. justin536

    justin536 Member

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    Iraq!
     
    justin536, Sep 21, 2013
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  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Jislizard, Sep 21, 2013
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  5. justin536

    justin536 Member

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    Interesting one!
     
    justin536, Sep 21, 2013
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  6. Altima

    Altima Well-Known Member Silver Stacker

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    While you're at it, stack some Zimbabwe currency too. :p
     
    Altima, Sep 21, 2013
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  7. House

    House Well-Known Member Silver Stacker

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    House, Sep 21, 2013
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  8. justin536

    justin536 Member

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    Yeah a family friend got stuck into it so just wanted too see what everyone has heard about it as all I've seen when googling it is scam!
     
    justin536, Sep 21, 2013
    #8
  9. goldpelican

    goldpelican Administrator Staff Member

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    Trust me, scam. Aimed at US retirees mostly - people hold "Dinar Parties" where you buy your notes in person, for cash, as massively inflated exchange rates to begin with, with this hope of a future revaluation because of Iraq's in-ground "oil wealth". That's like valuing the AUD at $100 USD because of our in-ground "gold wealth".

    The people pushing the dinars are making an absolute killing. Plenty of stories too of people buying dinars and finding out they've just dropped $20k on the old demonetised notes that are worth about $5 as a bundle for collectors (or more as kindling).

    I know some people wh bought in about 4 years ago. Still waiting for that magical "RV" day.
     
    goldpelican, Sep 21, 2013
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  10. whinfell

    whinfell Well-Known Member Silver Stacker

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    whinfell, Feb 15, 2014
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  11. Silverdigger85

    Silverdigger85 Member

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    Funny you mention the Zimbabwe currency.Back 3 years ago I purchased a large amount of bundles and a brick of 1000 banknotes of the 10 trillion,50 trillion and 100 trillion and I have just recently sold them all for a large amount of money on ebay.I was buying the bundles of 50 trillion for around $50 a bundle of 100 and now you can get around $7 to $10 each for them so not a bad investment.The 100 trillion banknotes sell for over $20+ each and I was buying these bundles for around $150 to $200.I have since sold them all and kept a few for myself and I have invested all the money into silver and gold.Take a look at this guys video below,he'll be laughing all the way to the bank right now :D

    http://www.youtube.com/watch?v=ass6bKxjl8A
     
    Silverdigger85, Mar 5, 2014
    #11

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