The IQD has lost a lot of value against the USD in the last year. This has been mainly due to the greedy currency dealers. These dealers have placed ads on their websites for products such as Sterling Currency Group, Dinar Inc, and Treasury Vault. If you visit their sites and click on the ads, you can make $4,000 to $10,000 per month.
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Scams in the dinar community
Scams in the Duru Guru communities aren’t new. There are scam artists who continue to promote the dinar, but most of these scammers are simply using the Vietnam Dong to avoid reporting and filing lawsuits. However, some dinar “gurus” continue to post updates promising a large fortune.
There is a lot of speculation regarding the value of dinars, and it is difficult to quantify the amount of money that a dinar holder has invested in them. However, the court papers pertaining to dinar scams often mention millions of dollars in purchases. Regardless of the underlying validity of the information, dinar holders are encouraged to seek out support on internet forums. Forums like Dinar Detective and Dinar Vets allow dinarians to gather and share information on current events that affect the dinar’s value. Those interested in participating in such forums must also verify ownership of their dinars.
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The dinar guru community is home to scam artists who promise enormous returns. These people claim that they can help you invest in the Iraqi dinar. However, it is important to understand that investing in the dinar is not a legitimate way to earn money. You should not invest in foreign currencies unless you’re completely knowledgeable about the currency’s value. Scammers will take advantage of your lack of knowledge.
A website like Dinar Guru, which claims to be an authoritative source for Iraqi dinar investment, is actually a scam. It offers a subscription-based service with daily or weekly updates on the Iraqi dinar, including recaps, chronicles, and opinions. Subscriptions are priced at $0.99 per week or $1.99 per month or $9.99 per year. Subscriptions automatically renew unless cancelled at least 24 hours in advance.
The Dinar Guru scam works by using the foreign exchange market (Forex) to lure unsuspecting investors into purchasing Iraqi dinars. By purchasing dinars for as little as a few dollars, people can turn a profit. However, currency trading is a highly specialized field and you need to have some knowledge of currency exchange.
It is essential to avoid a Dinar Guru scammer who promotes their business using unofficial means and makes inflated returns. You can avoid these scams by looking for a legitimate online broker.
Dinar Guru claims to help you make money with the IQD (the Islamic currency) by trading it against the US dollar. However, the company is not legitimate. While Dinar Guru is registered as a Money Services Business in the US, it does not have a license to transact currency or transmit money. As such, this scam can easily defraud you.
A Dinar Guru scammer will usually promote their product through unofficial channels and promises exaggerated returns. Moreover, no established financial institution is offering forex trading in the dinar. Even states like Alabama, Utah, and Oklahoma have warned investors against trading in Iraqi dinars. Therefore, it is better to be careful and do your research.
The Dinar Guru website is an online scam. While the site may seem to be legitimate, there are several scams on the Internet. The main scam is the one that promises high returns. The Dinar Guru website has people hyping up the dinar and is run by a man named Adam Montana. His website sells a book titled The Secret to Dinar Investing that costs $49 per month. However, you should remember Grandma’s old adage: if it sounds too good to be true, it probably is. This is why you should be wary of the Dinar Guru scammer’s book and stay away from it.
Scammer’s claims of inside information
One common tactic used by dinar scammers is to convince their victims that the Iraqi dinar will appreciate in value. While the currency is still devalued, there is no real chance that the dinar will appreciate in value significantly in the near future. Currently, Iraq’s currency is worth about 1,000 dinars for every U.S. dollar. In addition, a major gold mine in Iraq is unlikely to help Iraq’s currency appreciate much at all. Even if the dinar appreciates in value, it is still impossible to invest in the dinars without getting securities registration in major economies.
The dinar has not been revalued in recent years, and the Iraqi government has announced a 23 trillion dollar deficit for 2015. As a result, the dinar’s value is unlikely to increase anytime soon, as Iraq’s economy remains in chaos. Moreover, ISIS has seized vast swaths of real estate and oil refineries, reducing the country’s oil prices to well under $100 per barrel.