Thread: RV in June

Originally Posted by ATMCSMD

I am being ignored because I have a different opinion that conflicts with the desire for an overnight multi-thousand percent increase in the value of the NID. Why can't you people deal with a differing opinion instead of covering your eyes and ears like children? Maybe it's because deep down inside you have a feeling that you won't get filthy rich and you want to keep that thought locked away. My guess is that the people who can deal with reality do not feel the need to ignore a very real possibility.

People are not ignoring you because of your conflicting opinion...more the rude tone of your posts. Just state your stand on the dinar and leave it at that without all of the extemperaneous ranting.

Originally Posted by Icemann 30

As long as atm has turned this into a query of the impossible. I just got off the phone with the foreign exchange department of our local Wells Fargo bank.

The lady named Sandy, said that she has 20 years experience with foreign exchange currencies and has never seen anyone make money by holding and then exchanging the paper currency of another country.

I asked what happens when a currency like the IQD or VND revals?
Her reply was the people living in the country are given a fixed amount of time to turn it in. In return they get the same amount turned in at the new rate. In other words they do not make any money on the reval.
People outside the country cannot exchange and are out of the loop.

She then suggested I talk to their brokerage department. I tried but they said they could not help, and referred me back to her.

Can any one give a rebutal to her statements, and lift my spirits again.

The scenario above is true in case of a reprint. In our situation, according to reports from Iraq, they are not planning on reprinting only on increasing the value of the current dinar.

top gun

Originally Posted by shotgunsusie

yep, one thing i have learned through this investment is wells fargo sucks as a bank. they informed us that it was illegal to own dinar. now theres a well educated banker huh.

LOL, i agree! And i have two relatives working there, hahahhaa....stupid bank never knows nuttin!

Originally Posted by crave681

what happened to the LOI for the 9th? bad rumor?

exactly what I was wondering.

would be good to know

no wait,,,meet the parents

Originally Posted by Icemann 30

I agree its odd. I called them to place an order for VND.

They are the only bank in this area to deal with. No chase or BoA around here.

While placing the order the conversation digressed to what she said that I quoted.

I believe this will happen, what worried me was her 20 years experience in this field.

Is there anyone who has seen people make money on a reval before? Or is this a 1 time unique situation, and we are on uncharted ground.

Sorry got your log in name wrong.

talk to osw about the money that was made by people during kuwaitis revalue. he didnt sink all his money in and is now regretting it and isnt gonna let this one go by.

Tom Cruise in TOP GUN IT's super on DVD with surround sound!

According to the IMF, there was no new LoI on file. At least it wasn't the last time I checked, can someone help me out with this one?

I have checked within the last week. The only letter of intent posted was the last one from Feb. 23rd I believe. But the IMF doesn't have to post a new one right away if recieved, is my understanding.