30 replies to this topic

[Maserati]

I just returned from my weekly Rotary meeting. I asked a member, who is a manager at
a TD Bank branch here on Long Island, if she was excited by the latest Dinar news.

She gave me a thumbs down. After the meeting she told me that at her branch, IQDs
are being sold off "by the thousands." She said that IQD is the most active foreign
currency at her bank. She told me that one customer recently sold $50,000 worth
back to the bank and another customer sold over $10,000 worth.

She said that their advisors told them to sell because the dinar has lost value and
they should take the loss before they lose more.

She said that she doesn't have much, but that I shouldn't sell.

I told her what I have learned from Dinar Vets. She knew nothing.

I was dumbfounded by her story, but I am still very positive about our investment.

GO RV.

[DinarDana]

Lobsters at work. I have to agree this is a bit interesting.

Someone on this forum once posted how he held currency from Kuwait and because of discouraging news sold it off, however his buddies didn't. He claimed he isn't going to sell himself short this time around. Since I read this persons post, this stuck in my mind.

So yes it is discouraging to hear that other's have given up and they may be kicking themselves sometime in the future. I will not live with regrets and I will never regret spending money on IQD, the cost of a formal education in foreign policy and banking alone would cost me thousands. So far, this investment has been valuable in knowledge alone.

Thanks for the post.

[k98nights]

I will not live with regrets and I will never regret spending money on IQD, the cost of a formal education in foreign policy and banking alone would cost me thousands. So far, this investment has been valuable in knowledge alone.

I totally agree!

[quadkidd1]

Lobsters at work. I have to agree this is a bit interesting.

Someone on this forum once posted how he held currency from Kuwait and because of discouraging news sold it off, however his buddies didn't. He claimed he isn't going to sell himself short this time around. Since I read this persons post, this stuck in my mind.

So yes it is discouraging to hear that other's have given up and they may be kicking themselves sometime in the future. I will not live with regrets and I will never regret spending money on IQD, the cost of a formal education in foreign policy and banking alone would cost me thousands. So far, this investment has been valuable in knowledge alone.

Thanks for the post.

Hell yes!
I have had quite a history lesson/ education let alone the many many hours and days of dreaming of what could come.
Worth every penny!
Quad

[Joker017]

Maserati,
I wasn't aware that any banks here in the United States were currently dealing in IQD, since it isn't an Internationally Recognized Currency.

[reveldog]

if its all the same to who ever

, i will just hang on to mine

[kosman]

Just wondering, would banks really buy back dinar if they thought that it was going down in value?

[TonyDownTheShore]

Just wondering, would banks really buy back dinar if they thought that it was going down in value?

I'would think so , they make money on the spread, and that's all banks want to do is make money.
How's everything going there where you are ?

[Patriotic_mess]

I think a lot of people are frustrated after years of nothing happening and are cutting their losses. These jokers that claim bank screens and all the other rv friday cash out monday aren't helping things much either. I'm glad you decided to listen to the banker and keep it, like DinarDana said I wouldn't be able to live with myself if I dumped everything and it RV'ed the next day!

[wealthhound]

Lobsters at work. I have to agree this is a bit interesting.

Someone on this forum once posted how he held currency from Kuwait and because of discouraging news sold it off, however his buddies didn't. He claimed he isn't going to sell himself short this time around. Since I read this persons post, this stuck in my mind.

So yes it is discouraging to hear that other's have given up and they may be kicking themselves sometime in the future. I will not live with regrets and I will never regret spending money on IQD, the cost of a formal education in foreign policy and banking alone would cost me thousands. So far, this investment has been valuable in knowledge alone.

Thanks for the post.

DinarDana,
You got me thinking with your post about how valuable all the knowledge that you have gained...No doubt in my mind that this info. will also be very valuable post RV, just think of all the understanding that you as well as others here have when you may choose to invest in others currencies...I admire you guys that can truly put this stuff together...your understanding, I think, will be very valuable in the future as well!! Kudos to you and all the "WISE GUYS" here at DV..I mean that respectfully!!

[jackster]

I just returned from my weekly Rotary meeting. I asked a member, who is a manager at
a TD Bank branch here on Long Island, if she was excited by the latest Dinar news.

She gave me a thumbs down. After the meeting she told me that at her branch, IQDs
are being sold off "by the thousands." She said that IQD is the most active foreign
currency at her bank. She told me that one customer recently sold $50,000 worth
back to the bank and another customer sold over $10,000 worth.

She said that their advisors told them to sell because the dinar has lost value and
they should take the loss before they lose more.

She said that she doesn't have much, but that I shouldn't sell.

I told her what I have learned from Dinar Vets. She knew nothing.

I was dumbfounded by her story, but I am still very positive about our investment.

GO RV.

How is this bank manager able to sell/buy IQD when it is not on their list of available currencies?

http://www.tdbank.com/popup/available_currencies.html

TD Bank, America's Most Convenient Bank Print this page | Close this window

Available Currencies

Country Currency
AED United Arab Emirates Dirham
AUD Australian Dollar
BBD Barbados Dollar
BMD Bermuda Dollar
CAD Canadian Dollar
CHF Swiss Franc
CYP Cyprus Pound
CZK Czech Koruna
DKK Danish Kroner
EUR Euro
GBP Great British Pound
HKD Hong Kong Dollar
HUF Hungarian Forint
INR Indian Rupee
ILS Israeli Shekel
JMD Jamaican Dollar
JPY Japanese Yen
MXN Mexican Peso
NOK Norwegian Kroner
NZD New Zealand Dollar
PKR Pakistan Rupee
PHP Philippine Peso
PLN Polish Zlotych
SAR Saudi Riyal
SEK Swedish Kroner
SGD Singapore Dollar
THB Thai Baht
TRY Turkish (new) Lira
USD United States Dollar
XCD Eastern Caribbean Dollar
ZAR South African Rand

Maserati, your story, which may be true, conflicts with TD Bank's website. IQD's are not available at TD Bank. Can you explain how this manager's bank is buying back IQD?

[kosman]

I'would think so , they make money on the spread, and that's all banks want to do is make money.
How's everything going there where you are ?

Things here pretty much suck. it is the transition time between mud season and dust season. I am waiting for June when I go to the states for a few weeks, I am looking forward the Jersey Shore. Fishing, junk food on the boardwalk, and cold beer. It would be nice to not have to come back here. I will return in any case, but it would be nice to not have to. Now you got me thinking...pizza on the boards, with the cheese that is so hot it burns your lip and just gets streatched into long strings. I hope I am not living too far in the past. It has been a while since I went down the shore.

[SgtFuryUSCZ]

***///
BOO... HISS...
Tell me another one.
Banker, indeed.

[Da Teets]

I have to question this too. TD Bank is where I had originally bought my IQD almost two years ago. I was told by them at least 6 months ago - if not more- that they no longer deal with IQD at all.

[Luigi1]

How is this bank manager able to sell/buy IQD when it is not on their list of available currencies?

http://www.tdbank.com/popup/available_currencies.html

TD Bank, America's Most Convenient Bank Print this page | Close this window

Available Currencies

Country Currency
AED United Arab Emirates Dirham
AUD Australian Dollar
BBD Barbados Dollar
BMD Bermuda Dollar
CAD Canadian Dollar
CHF Swiss Franc
CYP Cyprus Pound
CZK Czech Koruna
DKK Danish Kroner
EUR Euro
GBP Great British Pound
HKD Hong Kong Dollar
HUF Hungarian Forint
INR Indian Rupee
ILS Israeli Shekel
JMD Jamaican Dollar
JPY Japanese Yen
MXN Mexican Peso
NOK Norwegian Kroner
NZD New Zealand Dollar
PKR Pakistan Rupee
PHP Philippine Peso
PLN Polish Zlotych
SAR Saudi Riyal
SEK Swedish Kroner
SGD Singapore Dollar
THB Thai Baht
TRY Turkish (new) Lira
USD United States Dollar
XCD Eastern Caribbean Dollar
ZAR South African Rand

Maserati, your story, which may be true, conflicts with TD Bank's website. IQD's are not available at TD Bank. Can you explain how this manager's bank is buying back IQD?

I ordered other currencies not included on their list including SKW & VND. It took a couple of more business days to get it but I got it because they were not on the short order list, usually 1 to 3 business days. The above currency list is available on short notice. Your order comes to any branch office you choses & you are notified by phone on arrival.

Edited by Luigi1, 16 March 2012 - 04:07 AM.

[mrref]

Maserati,
I wasn't aware that any banks here in the United States were currently dealing in IQD, since it isn't an Internationally Recognized Currency.

I bought my dinars from Capital One Bank a few years back. The banks are not stupid they make money when they sell it to you and then they make money when you decide to sell it back to them so guess who loses money ??YOU.

[Maserati]

Maserati,
I wasn't aware that any banks here in the United States were currently dealing in IQD, since it isn't an Internationally Recognized Currency.

Neither was I, but I have known her for 6 years. And as a Rotarian, I expect her to be TRUTHFUL!

[Roadrunner]

Jackster.

What you posted is a list of currencies they can provide for their customers. Just because a bank does not keep a currency on hand doesn't mean that they will not take it in exchange. For example; if you go to any BOA and try to buy Jordanian Dinar, They will not have it on hand. However; if you take the Jordanian Dinar to the bank. they will cash it in at around 1.2USD to 1JD. Which is way up incidentally, because a few months ago it was only about .7USD to 1JD.

Roadrunner

Edited by Roadrunner, 16 March 2012 - 06:20 AM.

[DinarBot]

10 Buck Bet. Any IQD Banks are buying back do not make it to CBI. Until Significant Rate Change. Banker on the floor knows ZIP. Banker in Ivory Tower purses LIP. 2012 will see many Earthly Money Records set. Highs and Lows. Hang in there. Get Cheeky Young Mon(k)ey Boys. And Girls.

[andy3978]

TD Bank screens (the ones the employees access) have a 'drop down' menu which when clicked opens a menu with currencies listed. The IQD is NOT listed in this drop down menu anymore--as per my wife who deals with foreign currencies on a daily basis at TD Bank and her manager. Any further information they they need regarding the IQD needs to be fulfilled by the Forex department and requires a phone call or email to the Forex specialists who are NOT at the branch.