11:17 PM [BWM] GOOD EVENING.... INFIDELS
[BWM] ok... so heard that more than a couple of guru's have bebopped down to the bank thinking they would get the jump on everyone cashing out... PLEASE DO NOT FALL FOR THIS PARADE OF POOR THOUGHT PROCESS... the banks will be setting appts WHEN THE SYSTEM IS IN PLACE TO HANDLE THIS AND NOT BEFORE... you may actually cause yourself to be delayed in cashing out because of being put in back of the calling queue... WHEN the rate shows you will know what to do...
TexasT] BWM is that where Mr. Okie is?
[BWM] TexasT he'll be behind you if he is...haha
[12wait] BWM, is it safe to conclude that since they went, that we may have a rate in the next few days? Thx
[BWM] 12wait more than a couple have gone before.. and have gone home empty... thinking it's coming and it actually coming has apparently been completely misunderstood by some
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BWM] 12wait it's only false if it doesn't pan out... which has been a lot... the big thing will be HOW the banks will even take you once this hits
chocolaterv] BWM BWM BWM do you know if there is a spread on the VND?
[BWM] chocolaterv there is a spread on every currency... always a buy and sell rate
[chocolaterv] BWM BWM so has a rate been negotiated on the VND like the IQD>
[BWM] chocolaterv rates are always set... just like if you bought your dinar from the bank or the vnd.. they have a buy rate from you and a rate to sell you at..
[mimi2] BWM If I have both dinar and VND, when both are cashed in would it be OK to put in same bank account? I never questioned doing so before, but heard that question asked on a call but no answer.
[BWM] mimi2 absolutely... it's just like having two checks into one account... it's money into your account...
itizensoldier] BWM Do you know if the banks pay income tax on their buy sell spread?
[BWM] citizensoldier that's a whole other situation... you normally pay taxes on money earned... so that's where it gets sticky... they have another setup for operating that way
[chocolaterv] BWM BWM ok let me try it this way.....have you guys negotiated a pkg for the VND similar to the VND - no spread
[wenmar] mimi2 It seems to me that it would be easier to keep track of the taxes in separate accounts, wouldn't it BWM?
[BWM] chocolaterv nope... haven't worried about that... that is the bonus currency for me...
[BWM] wenmar A) not sure if taxes and B) it's all currency, so same rate when considering this
[Peeto] So am I correct in the thought I need to enter a white dwarf somewhere near Jupiter to cash in...?
[BWM] Peeto you can prolly get a planet closer... it may be warmer depending on the atmosphere Peeto and of course distance to the sun... lol
wenmar] BWM A man who does trusts for a living said that it was an investment where you expected a gain, but it was done at risk and it would fall under a certain part of the tax code and it would most definitely be taxed at the maximum rate...
[BWM] wenmar it's not an investment in the true sense of the word... it's currency...
wenmar] BWM I have heard both sides. We'll just have to wait and see....
[BWM] oxglove dinar is an investment on in the term of "holding" this over time... it's currency... therefore it's just money changing
[BWM] banks will prolly not need receipts... it's money