Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 9-12-16
jtank says():who knows whats stopping the reval-- they have done so much already- Bgg last call a real upper
heartland says():BGG..GM...question..If a person exchanged all their dinar at whatever price it began and then if they thought there was still the possiblity of the dinar increasing in value...
they not deposit their money in a US bank that would allow them to have it held in the form of Iraqi Dinar and thus participate in any future increase?
heartland says():I know that HSBC will allow you to have deposits in different currencies
Woodywoodpecker says():I say no way.....you don't own it anymore if you exchanged it
heartland says():This of course would be after the IQD was internationally tradedable
heartland says():I would exchange the dinar for dollars and then I am free to deposit those dollars in a bank that allows me to deposit those dollars in various different currencys if that is my choice
heartland says():I can also change my holdings back and forth from different currencys if wanted and the bank likes this because of the fee they impose each time I make a change
clay says to heartland():GM so you are saying exchange some then deposit the rest of the dinar in a HSBC Bank
RickeyT says to heartland():If you know the answer, why did you ask?
clay says to heartland():to exchange at a later time
clay says to heartland():?
says():No..I am saying exchange all of the dinar for dollars and then take the dollars to a bank like HSBC that allows you to deposit your dollars in their bank in the form of different currencys.
heartland says():You may deposit some of your US dollars in the form of Canadian Dollars. As the Canadian dollars increases or decreases in value in relation to the US dollar, then your account balance with the Canadian dollar also reflects the change in value
heartland says():I am just wondering why the same could not be done with the Iraqi Dinar once it is internationally tradable.
jfd says():You could just buy stock in ISX and be exposed to a smilar rise in value as Iraq grows.
jfd says():I would not send USD to Iraq banks now like Tony Brietling advocates due to the corruption and instability in their whole banking system.I would guess that once their currency is internationlly traded,you could buy their stock threw a US based stock company.I could be wrong.
BGG says to heartland():I would be very cautious about doing that - especially during this "in between time"...
BGG says to heartland():once there is a different, internationally accepted rate in place for some time...
BGG says to heartland():however, feels like too much latitude for shenanigans - IMHO
SRW says to heartland():Why not just exchange a portion of your dinar when the currency becomes international?
Keep the remaining dinar in your possession for a later time when or if the value increases and then exchange more of your dinar currency. This would allow you to be in control of your currency. JMO
DIGIman1 says()::) (y)
Pablo says to SRW():That's what I was thinking of doing.
clay says to SRW():I'm with you
clay says to SRW(): yhats what I'm doing
DIGIman1 says(): i understand the logic behind wishing to keep dinars in an 'account' for safe keeping....but if you keep it in a bank, what makes you so sure its safe there?
DIGIman1 says():banks only cover 250k of your money.....and they can go in and just 'acquire' things.....
DIGIman1 says():if i have cash in a SDBox, nobody but me and my cat knows its there....and i made the cat sign an NDA....
VelmaF41 says(): I plan to cash in a little as soon as we RV but will keep most in my safety deposit box until a later time.
Pablo says to DIGIman1():Hee he
VelmaF41 says():I told my dogs - you breathe a word of this to anyone and "NO MORE TREATS"
SRW says to DIGIman1():Didn't mean to change to the subjest, but I just read Heartland's post. I agree with Pablo, Clay and Digi. You also need to consider buy and sell exchange fees and taxes. JMO
thats straight from the SIGR report....so, its not really him calling that rate....its the most logical approach
DIGIman1 says to Pablo():theres no time constraints for that. they can borrow agains the asset if nessesary...
BGG says():I'll be doing a very Special News Time tonite - Don't MISS!!
ronda says():BGG i may not have internet will it be a call
jeffusa says to BGG():great
BGG says to ronda():No - I think it will be on Chat only.
ronda says():oh I will try my best thank you BGG
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