TXPoleman

going to find (well, ok, being honest, "buy") the best damn-looking blonde on the planet that can also suck the chrome off a trailer hitch....and then pile that glorius ***** into my ZR1 and zip off to my beachfront condo on Coronado Island (SD)...and then figure out where to continue the life-long party!

I think he means an off the top 15% tax, in addition to your regular tax liability (which will probably be 35% ordinary income tax for just about everyone, forget the long term rate, ain't gonna wash)...

agree with the oil argument supporting a high rv, they're sitting on a ocean of oil, they know it, the rest of the world knows it...why not make a big splash instead of jockeying around with baby steps? of course, anything is possible...and yes, I had some insight back in Nov that they would go big rate, not small...still hearing this from other sources not listed on this site, so am optimistic...we'll see

I'm thinking either the Feds shut him down, or he knows the RV is imminent...would guess the latter since if he was in trouble, they'd shutdown his website, which clearly didn't happen...

Travelin_the_Narrow_Path: take your towel wrapped, sh*t for brains, dung-covered, flea-ridden, syphilitic sore damaged excuse for a head and stuff it up your a$$. Better yet, take a 1-way flight to Pakistan, stand on the tallest building, yell as loud as you can that YOU'RE the REAL Bin Laden and see how long you last. I hope the Admins here remove your crap from this site and banish you and your IP permanently.

Bob - very funny! Had me laughing for 10 min, cute!

Wouldn't trust that advice - there have been many posts and threads regarding taxes and the most thorough analysis posted by an expert (see the Taxes topic) was to consider this ordinary income, pay the 35% and avoid having the IRS on your tail. Bottom line was, currency is not considered in the same light as other "investments". Note, you can always file an amended return if sufficient evidence comes out later that the capital gain approach will be accepted, and claim a refund.

Not sure why some think a 25k note will be worth only what a 25 note is worth, ie, the ugly lop...I think we have to remember, lots of Iraqis hold 25k notes. Can you imagine the uproar and riots in their own country if they did this??? Just don't see that happening. IMHO - I think the CBI will go counter to a lot of other projections and go for the big score, ie, a re-value that is significant, meaningful and gets lots of press - just IMHO. Like way more than $1 to 1 dinar...

Agree with Hirsch points 2 and 3 - his purchase prices that he charges to buy "new" have not come down, so he's effectively raised his margins a tad...he's a deft dealer, he makes money while we sit and wait (and hope)...

Interesting, just noticed a $40/Mill drop from $880 to $840/Mill on Ali's buyback prices....would seem to go the other way, but wonder if lots of folks are bailing out of Dinars, meaning the supply is going up?

Good points, I was looking at it from a different perspective - if I'm an Iraqi citizen, and I hold Dinar (which I suspect many do), then why would the GOI decide to unilaterally lop/slash whatever you call it and de-value the cash I already hold? That would seem to be a senseless thing to do (even for the GOI) and would cause all sorts of public outcry. Would be no different if something like that happened here in the US. So, my thought is, the GOI needs to make their currency worth more than it is today, but by how much? Just addressing the concerns that some have voiced over losing money on this deal, just don't see that happening. So, yes, I would think a conservative increase will happen, but will be thrilled if the higher numbers come in.

Check this out from D Trade - second delay this week...first delay was until Thu, now next Tues.. "Due to FedEx logistics, we will not be shipping any Dinars until Tuesday 3/15/2011. We apologize for the inconvenience."

Just saw on the Dinar Trade site the following message, under Buy Dinars - "Due to FedEx logistics, we will not be shipping any Dinars until Thursday 3/10/2011. We apologize for the inconvenience." in Red, no less...

I noticed the same thing earlier today on an OANDA site, link below...down to 1158, and it's been even lower, which is the right direction for us...maybe something is brewing. http://www.oanda.com/currency/converter/

Regarding #5 - no need, there's an OMB (Office of Mgt and Budget) form that will have to be signed at the time of "cash-in", the IRS will be notified and aware. Check out the cash-in procedures at dinartrade.com, they'll handle a wire transfer of the converted funds (but not "cash you out"). Which is probably a good thing, since no one wants to handle bags full of cash.