Buying Iraqi Dinars?

Stumbled upon this site while looking around the net....wadda think??

http://betoniraq.com/

They sell Iraqi Dinars and will ship them to you....quite an idea....

It doesn't matter if someone comes up to me for a cure for AIDS, the old motto goes in life. Before you invest, investigate.

http://www.whois.sc/betoniraq.com

It shows that the owner is one Jeffrey Pasquarella.

A quick google search on "Jeffrey Pasquarella" (with the quotes) suggests that he was involved in a defunct mlm scheme named plugusin4cash. You can see what that site looked like when it was up using archive.org.

Now, I don't want to be too quick on the trigger. This guy may very well be presenting the best business opportunity since sliced bread. But I must say that I have serious reservations about a former mlm'er from smalltown Connecticut who can suddenly offer a currency of a far away war thorn country.

Good work. I saw that website about two years ago but never bought any of the currency because, quite frankly, I figured there had to be a catch. Since when is making money this easy? If there truly is that kind of profit potential, you'd figure the big dogs would be jumping in and buying up that cash, thus driving up the price, but that hasn't happened even after two years. Common sense tells me this is a scam.

It gets better. The telephone number that shows in the WHOIS info is not a CT number. It's a telephone number in Houston, Texas that belongs to one Jeffery Pasquarella. I have tried to call that number and it is disconnected.

So far, that site

-Is owned by someone who is literally unknown who uses an address in Connecticut when residing in Texas. I can't help but believe that one has something to hide when his mailing address is 1400 miles away from his home. And I definitely can't help but believe someone's business is not on the up and up when he can't afford his phone bill.

To quote Dennis Miller, this is just my opinion, I could be wrong.

Ok, lets say that counterfiting wasn't a variable. What would you think of buying dinars? The country is in shambles yet floating on oil...A lot of people think that Iraq will get better over the long run.

There's a number of different sites that offer this...this one is recognized by the US Dept of Treasury....

http://www.iraqi-dinar.com/

The Iraqi Dinar has nowhere to go but up, so it possibly could be a profitable investment. That being said, I wouldn't invest in that currency because the country and consequently the currency are both as stable as a pint of nitroglycerin in an earthquake.

If I ever got to a point where I'm seeking out an investment in dinars, I would either deal with my current FX people or with a bank. I would also consider government issued bonds.

when iraqi dinar "will have no other way but up" why do u think Iraqis will not simply print more dough? To protect your "investments" ?

My Opnion:
1) If you plan to take physical currency, maybe by the time the economy does takeoff some notes or maybe all of them are called back by the Iraqi govt to issue "fresh" ones maybe to prevent counterfiting.

2) I think govt bonds maybe a viable option. i.e. only if you have the time to wait patinetly for as long as it takes.

3) Liquidity, even if the country kincks off i do not forsee at least 4-5 years from such a date that the currency will be liquid enough for you to exchange it.