-18-13 Gator11: If you read some of these post, Wells Fargo is being said that is one of the major banks to do the currency transfer. The point I was making, if the return is small or they expect a small return, they will not spend the time or money for the extra service for small returns if they delete the zeros. It is not a big deal for some one to make five or ten thousand dollars.
It is JUST AN INDICATION THAT THE CURRENCY THAT WE HOLD MAY BE AT FACE VALUE PLUS THE NEW RATE.
If the currency comes in where everybody is hoping for and let say you get a million dollars, at the highest rate for a short term capital gain is 39.5%. That is 395,000 per million.
They are estimates that there are over million investors in this country. There are a lot of people out there who invested more that a thousand dollars.
ONLY THING I AM POINTING OUT IT IS IN THE BEST INTEREST OF OBAMA THAT IT COME IN AT A HIGH RATE BECAUSE IT WOULD MAKE A *** OF A DENT IN OUR BUDGET AND A BIG BOOST FOR HIS LEGACY. Also correct me if I am wrong, with the new way they are going to value currency of the assests a counrty holds, and one of the assests a country can hold, another currency that is more valuable to boost the value of their currency. There is alot at stake here beside just us investors. These just indicators that we will get a good return on our investment and we will shortly, I hope. So let's watch history here and enjoy the ride.