Quote: Lee Thomas
What investors are finding out is that there is no market for the IQD; no liquidity period. Basically, they are owners of almost worthless pieces of paper that can be framed and hung on the wall as decoration. If they are fortunate, they may be able to resell to another unsuspecting person on eBay to recover their money spent.
The promoters like to make a convincing sales pitch using the Kuwaiti Dinar (KWD) as an example of what can possibly happen. They want you to believe that your 1 million IQD will one day be worth between $100K - $1M USD. If the sellers really believed that, why are they not just hoarding it all for themselves? Why are they going through all the trouble setting up websites and buying Dinars to resell?
The reason is simple; the promoters are making a lot of money selling a dream. Iraq is not another Kuwait. Post-Gulf War Kuwait still had a stable government, stable economy and an intact infrastructure which enabled its currency to quickly return to its previous value.
He put together a will and trust, spent about 5 hours of work on it. He took a shot. I believe if I have the story right, the family that paid him with the Dinar got them from their son who was overseas in Iraq. I am not sure how he got the dinar. He could still just exchange the money and would get $2,500. I think it is worth the risk to see how things go over the next year or two. Even if it goes to $0.25 it would be a great investment.