I recently learned of a scam involving buying Iraqi dinars in the hopes of selling them for multiple times what they cost. I honestly don’t know anything about investing in foreign currency and we don’t teach that at Wealth Intelligence Academy®. But if someone offers you a chance to buy Iraqi dinars and tells you that you can sell them later for 25 times what you paid for them, think long and hard before you invest. In fact, call your bank (or even several banks) and ask if they will buy dinars from you. If they say no, that will tell you how difficult it’s going to be to make a profit on this type of deal.

For more information on the Iraqi dinar scam, read the Scambusters newsletter discussing it (it’s the second topic in the newsletter, so after you click on the link, scroll down).

Jackie