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rulesforrebels
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Posts posted by rulesforrebels
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Okay so I know Dinar has been on ebay for years and years. I bought my first Dinar on ebay way back shortly after it was issued. I just recently noticed Dinar is now selling on Amazon as well. I believe this is a relatively new thing. Anyone know if they just recently started selling Dinar? I was looking just for cheap ebooks on the topic of Dinar which I have done in the past and just now saw people selling actual dinar.
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This question is always getting asked if its gonna rv and there's all this money to be made why wouldn't dealers just hoard all the dinar and not sell it.
This is speculative meaning nothing is for sure and nothing is guranteed so they could hold it and nothing will ever happen its a risk.
It's like saying why do people sell gold when gold prices are rising sharply they should just hold onto it htemselves at sell it at a higher price. Something could always go higher or lower dealers are making money either way on spreads buying and selling. They are in the business of buying and selling not buying and holding.
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Id be a buyer of the whole lot of 5 million at $4500. Pm me if interested
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Does the Gov't really want that? Seriously, that's what's going to happen and I personally think the gov't does not want that many people elevated financially that fast! Does the gov't need the tax dollars? Sure. Does America stand to have many many many new businesses open and many many new jobs created? You bet ya. I personally don't think the wealthy people in the world want this revalue to happen. I mean, HCL, Chapter 7, ministers seated, the people of Iraq need it. Those are all great feel good stories. But, at the end of the day millions of Americans become millionaires and I don't think the gov't wants that. That is what puzzles me most about all of this
Hve a great weekend
i remember hearing it quoted somewhere that less than 1% of the population holds dinar and out of that small percent im sure some people just have 50k, 100k, etc. probably even a smaller percentage actually have multiple millions of dinar
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Looking to buy a few million dinar circulated or uncirculated doesnt matter to me as long sd circulated arent in poor condition. Ill pay $850 for circulated or $900 for circulated open to negotiation tho. If ur in chicagoland i can meet u in person far away prefer paypal
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I just did a quick google search and was able to get on their site no problem i cant speak to their phones being down or live chat.
Sometimes u people are way to quick to badmouth people and make posts like this maybe their server was down for a day or something.
Also what are u going to report them for? U got ur dinar they didnt take ur money and run. Ur mad bc u think they may not hiy back from u if they are out of business.
Also did u even get a gurantee from them and if so what does it say exactly? Does it list a timefrake or a rate or %? I can almost gurantee it doesnt so even if u do have a gurantee its basically worthless but a good marketing gimmick as apparently many people think they mean something.
In this post ur basically calling them scammers or incinuating tjey are acting shady when i have no idea whas going on and they havnt even done anything to "wrong you"
Also on a side not maybe a suggestion for adam or the mods. Ever consider makong a subcategory under buy/sell where people can leave review of and/or discuss dealers, websites, issues with sites?
Seems we have a lot of posts in this section with people talking about this companies site is down this dealers server is down. This dealer shorted me, what is this dealers buy back policy etc
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The VIP group here is the largest collective owner of dinars in the world. I have negotiated with nation and world wide banking institutions to bring MY group to THEIR banks and they have agreed to give a LOWER spread than you will get anywhere else. The exact amount or percentage won't be known until we know the RV rate. Since these banks will be competing against each other for the VIP member's business, you can bet it will be significant.
Obviously any Joe Schmoe can band up with all of their friends and lump together a decent amount, but the VIP group has a collective amount that you or any other Joe Schmoe could ever hope to achieve, and the banks I've been working with know this. (We have a few VIP members that have over 1MM USD invested in the Dinar.)
Finally, it's taken YEARS to get these arrangements in place - I was working on these arrangements for years before many of the Gurus ever heard of Dinar, and I've continued to refine and expand the Post RV VIP opportunities for the benefit of the VIP members. Most of these banks also have non-competes with me as well, due to my professionalism. Again, you simply won't get these benefits anywhere else.
With that said, many people will ignore what many VIP members and I say about these benefits, but quite honestly they simply don't know what they are talking about.
I encourage everyone to do their own research and read these two links:
1. http://dinarnews.net/benefits
2. http://dinarnews.net/cashinguide.php
Both are 100% free and very short reads that will educate you, if you choose to take the time to do so.
Thanks for the kind words, HisHands.
Thanks for responding and for the info adam. I'll have to read up more on the benefits, been thinking about joining for a while but I'm cheap lol. Great site you have here and appreciate the info
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I dont know if they have coins in iraq but many middle eastern countries have bills for coins instead of coins. I think oman or jordan or something like that they have dinars and then tjey have beisas or somethong like that which are partial dollars
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In answer to your "main" question, we were not promised nor was there EVER indicated that we would pay "x" spread.
This is basically my point. I dont doubt VIP membership has its benefits and good info but people talk about this special negotiated spread certificate you get amd talk about it like its the be all and end all of investing in dinar. Heck someone earlier in this thread talked about how they would get 30k more per million than people w/o this certificate and as it turns out there is no guranteed % locked in so what is so great about this bank certificate?
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Hey gymrat,
You should probably look at Adam's Cash-in Guide again. The point with VIP is in the spread that you'll pay. Right now, the CBI is selling dinars for 1166 to the dollar or about 1M Dinars for about $855.00. But I'm pretty sure that that's not what you paid or will pay if you go buy more dinars today. Even if you can buy a million for $1000, that's still getting only 1000 dinars for the dollar! You're paying the seller's spread.
Right now, the CBI is buying Dinars for 1164 to the dollar. The difference between sell and buy right now is really insignificant. But you're selling to a dealer or a bank and they'll want a piece of the action again, so they will give you even less than the 1164 because that's what they're selling it to the CBI for. With me so far?
Now let's say this puppy RVs for a buck.
Party Time with the Possum! So the CBI is selling the IQD for a dollar. But Geez Louise! Let's say the CBI is buying them for only 95 cents. Well guess what? The dealers and the banks want a piece of that action too, so they're only giving you 90 cents per dinar. So that million dinars that you have is only worth $900K. But let's say that Adam has worked a deal with the First State Bank of Redneckville to give VIP members a cash-in rate of 93 cents to the dinar. They just have to show their VIP Certificate. So my 1M dinars are worth $930K to me as a VIP. That's a $30,000 difference for an investment of $50 per quarter. Hmmm. So now you see why I was willing to make the investment in VIP. And that's just for the cash-in rate without getting into all the other benefits.
Anyway, that's my 2 cents. Have great day.
Let me first say I'm not a VIP member and don't know about this agreement with banks or details so I'm speaking somewhat blind but I personally find it hard to believe that banks were willing to negotiate spreads and rates on a hypothetical situation involving a currency that's not pegged or not being traded right now. I just don't see banks going out on a limb about a hypothetical situation. Heck even the banks don't have enough info or know what rates will be, how easy it will be for them to turn in money, plus I imagine it will be a nightmare from a government regulation compliance angle in terms of all this terrorist financing, patriot act, irs reporting stuff. I imagine they will want to take a hefty spread.
Is there a % that's been agreed on to the cashout? SUch as the bank has promised to only take 5% or something like that? If so what is that percentage? If not a gurantee to buy is worthless without a percentage nailed down. It's like Dinar Trades buy back gurantee, they will buy back but don't tell you what rate. I'll make everyone on this site a promise, I will buy back all your dinar post rv, i wont mention a rate though so when it happens and you come to me I'll offer you a penny per million. See my point without a locked in rate or percentage it's not really worth much.
Also, I don't disagree that banding together as a group and making an agreement couldn't possibly get a better rate but it's not as if you need someone special hookup to turn in post rv. If an rv happenned and this became a traded currency sure it's still an exotic currency I suppose so not quite as common as a euro or mexican peso but none the less there will be banks to cash it in and you dont need some special inside inof to do so. Also you can negotiate a rate yourself you dont need someone to do it for you although i dont deny like I said making an agreement to bring someone a lot of business as in all dv members could maybe work out something a little better.
My main quesiton however like I asked before and like everyone seems to be avoiding is what % spread were you promised by having this certificate?
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It could Rv within 2 weeks, but could be a lot longer. Lets face it, some people have been in this for 7 years, so I wouldn't bank on end of March. I know that's not what you want to hear pbr, but September 2012 or into next year is possible. Here's to the end of the month or before June. Cheers!
It could happen or ot couldnt...what an analysis lol
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Really..... I assume since you determined there is not a lot of value in Adam's Guide that you surely must have downloaded it and read it - RIGHT! OR, did you just decide it would be fun to make a disparaging remark about the owner of this site and his knowledge of the dinar.
And just think - he allows you to take advantage of all the information on this site for free - what a nice way to repay him for his kindness!
You might want to remember an old saying I used when my children were causing problems, "What goes around, comes around!"
I havn reat the guide so you somewhat have a point buy ubles someone is high up in the oraqi gov or something like that anything anyone says is nothing but an educated guess and yes that includes adam to. He runs an awesome site hes not god or a psychic tho. Get off his nuts granny
I work for that bank. You don't need to have a personal connection to be able to exchange the dinar. There is no paper work to fill out to exchange the currency,you would just need primary ID. All foreign currency gets shipped out nightly to a location that verifies the currency. However if the rate comes out really high, I can't imagine the process will remain the same. Perhaps, you will need to have an account in order to exchange. As it is right now, you don't need to have an account to exchange and Chase charges $5.00 if you are an non-account holder.
Things must vary region to region or branch to branch bc in my area chase wont deal with non act holdrs, mot even for a fee. Last trip i had to open an act just to et some euros and krowns
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When I purchased one particular batch of dinar from one of my banks here in south florida, I went to the teller for the transaction (my purchsase), then when they came in, and I picked them up from the same teller, I asked how do I go about selling them back to you, and she simply stated to just bring them back to me (being the teller) and I (she) would look up the current exchange and have it deposited into my account. After whatever fees/spreads of course... Hopefully it is going to be that easy, however I recently heard a friend at work attempted to purchase more from the same bank and was told they are no longer selling or dealing in dinars... So I am a bit nervous... But from my readings here it is some peoples opinion that once an RV happens most, if not all banks will jump into the dinar business, which sounds logical...
Just my minor experience, but hope it gives you some ideas.
Andy
actually most banks are phasing our their currency exchang services as they never really made money off it it was more of a courtesy or service they provided to their customers. so personally i dont see them jumping into the currency exchange business just over dinar.
When I purchased one particular batch of dinar from one of my banks here in south florida, I went to the teller for the transaction (my purchsase), then when they came in, and I picked them up from the same teller, I asked how do I go about selling them back to you, and she simply stated to just bring them back to me (being the teller) and I (she) would look up the current exchange and have it deposited into my account. After whatever fees/spreads of course... Hopefully it is going to be that easy, however I recently heard a friend at work attempted to purchase more from the same bank and was told they are no longer selling or dealing in dinars... So I am a bit nervous... But from my readings here it is some peoples opinion that once an RV happens most, if not all banks will jump into the dinar business, which sounds logical...
Just my minor experience, but hope it gives you some ideas.
Andy
this isn't uncommon, most banks i have been to have one specific teller or banker who deals with foreign currency. i dont think most banks deal with it much so just doesn't make sense to bother training all the tellers on rates, how to do an exchange, etc. when ive bought dinar as well as just normal vacation money from banks they often have one teller who deals with it. ive been told i had to come back as the teller who deals with foreign money is on lunch or out that day.
The best source of information on cashing in your dinar can be found in Adam's FREE Cash In Guide
Did I mention it is free!
really nobody knows when an rv will happen, who will cashin, what spreads will be, etc so probably not a lot of value in a cashin guide imho
I went to my bank yesterday which is BOA and after I opened a non interest bearing account I was told from the branch manager that they were not accepting dinar or dong! I find this weird, I asked to see her screen and as she swung the computer around to me those 2 currencies were not on there. Anyone having this problem. I live in palm beach county Florida? Thanks
are you looking to buy or sell? what area of the country are you in? alot of people in TX say there's a bank inside walmart that still sells dinar. ive also heard some wells fargos still deal with dinar and dong. i actually found a dealer who traded some of my dong for dinar as i wanted to move some of my money from one to the other and they charged me a very low spread so there are dealers out there who will buy/sell/trade. many people say gid paays well if your looking to sell and cant find a bank.
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i sent a simple--to the point e-mail [ question ] to the C.B.I.
trying to find out what ' deleting the zeroes means '
i asked if .00086 will become .86
1 IQD = .86 USD
no response--after 1 week---wonder if this means anything ?
that doesn't surprise me at all, why do they care about some american who has illusions or dillusions of getting rich by buying their money
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i dont know why you guys take anyone seriously. anyone who is high enough to know isn't going to be wasting their time on these boards. nobody on this board knows anything special or has any inside information
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radio shack
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Agree with the post above me be the top 3 cheapest oj ebay and your guranteed to sell id expect to get 925 or m950 at a min maybe 1000 to 1050 if the auction goes well. You can do a 24 hour auction and sell but i like 3 day auctions still a short auction but gives u some time to get watchers. Recently however i had to sell a million to pay my tax bill and ebay is puling this ive reached my selling limit even tho i only have sold 3 items this monyh so i wound up selling to a company recommended by someone on another board and got 950 for a mill of uncirculated. Probably coulda got another 50 or 100 on ebay but woulda had to wait a month or have a friend with an ebay acct sell for me. I sent them ky dinar took 2 days for them to get and i had a check in the mail the next day or i guess actually 1.5 days later. 1-800-884-1288 i called to make arrangements to sell i think its caled world colectibles if im not mistaken. I called gid but felt like i was getting a runaround when it came to actually getting the 940 they quote on their site
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I believe most of the Dealers will set up offsite cash out centers. I don't know if you could actually go there, but you may want to consider becoming VIP here so that you can obtain a certificate from Dinar Vets and just cash out at a local bank that Adam has lined up for a desirable spread. Of course there are other options for cash out as a VIP. I don't think going to the Dealer is going to be your best option. If you insist on the Dealer as a cash out option go to Dinar Bankers site and check out where they may set up satellite offices for cash out. I seem to remember them mentioning some of the Airports like JFK here in the Northeast.
What spread are u promised by having this cert and is it a natuonal bank that has a presence in each state
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I'm not sure who your referring to when you say "when they say it will rv at 1.17" but I'll take a stab the the rate part.
It seems like when a currency is stronger than the dollar it's written as 0.8547 which means your US dollar will only get you 85 cents in that currency. When a currency is weaker than the dollar it's generally written as 1.17. If you want to change the figures just do 1 divided by either 0.8537 and/or 1 dividd by 1.17 and you will get the other.
My thought would be if the rate is presented as 1.17 you would get 1.17.
people often get confused by the decimal though so i think when people exchange they tell you 1.17 because you then know you have to give 1.17 to get 1.
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As for people claiming the RV is happening tomorrow, this thursday, within the next week, etc pretty much since the currency was issued these things have been said. I used to work in a bank and and have friends who used to and still have worked in a bank and you literally get several calls each week with people asking to buy dinar, sell dinar and talking about confrence calls how its about to happen like we actually cared we being the bank staff.
I'm holding dinar, I would say I'm not optimistic or pessimistic but realistic. I realize this is a long shot, speculative, etc. I also have no illusions of a 3:1 RV or anything close to it. Though I am no this board daily I honestly don't pay much attention or really care about rumors or people claiming what will happen and when you'll drive yourself crazy doing that. I'm basically on here for fun and to kill downtime I figure the RV will happen when it happens. Nobody on here has a clue nor do any gurus or the teller at your bank. Anyone who claims to know anything is basically talking out their ass or making a guess or estimate with teh facts they have which are limited.
I do like this forum as A. it's the most active but also you hear from both sides we got the people who end every post with go rv, we got the people who are convinced it's happening today and we also got the lopsters as well as the people like me who I would consider to have realistic expectations. I notice investors iraq is extremely pessimistic which actually surprised me literally everyone on there of posts I have read is like I can't believe I got ripped off, I wish we could get our money back, I'm selling my dinar, I'm done, etc. I like how this site is active and has all sides of the arguments.
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Its not the best deal out there the three posts below yours are all cheaper
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I have a fair amount of dinar with oen marks not a ton of pen but dash matks i think some people mark them when they count them maybe mark every half mill or something i assume it has to do with countuling. Never had any stamps tho. I kbow there are some countries where they are pretty strict any pen or rips or tears and its no good. Dont beoieve iraq is like that tho
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Saw this article linked to on drudge thid morning. Ill post a link to cnn but actually saw the article on ft.com but my phone cant get to the site without registering anyhow a good quick read
http://edition.cnn.com/2012/03/02/business/brazil-currency-war/index.html
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I don't understand why people are targeted because they MADE money instead of losing it. WE are going to make money on the dinar. Should we be sued for it? Profit is good. Loss is bad.
I just reskimmed the article. Just to clarify this really has nothing to do with the Iraqi Dinar aside from the fact that selling the Iraqi Dinar is the business these two parties are engaged in.
This has nothing to do with the government or certain states comming after people selling Dinar or anything like that. From what I understand party A was the ones who came up with the idea of a Dinar selling business. Party A probably wasn't very good at web design, ecommerce, didn't know how to run or contract out a call center, didn't know how to keep up with reporting requirements so basically hired party B to run day to day business operations and run the website and party A would probably basically just be sourcing hte Dinar.
It sounds as if party A isn't happy that party B wasn't keeping up with governemtn reporting requirements, didn't have large enough servers to support the amount of traffic they were getting, etc. Sounds as if party B realized the business had grown and they weren't being paid enough to keep up with that type of volume and reporting and wanted more money.
Like I said I'm no lawyer and I'm too lazy to really sit down and read through all this but from the brief skimming I did once or twice it seems as if this is strictly a business dispute between these two private parties and aside from the fact that their business is selling Dinar this case seems to have nothing to do with the Iraqi Dinar. If an RV were to happen who are you concerned about being sued by as this has nothing to do with states or IRS comming after individuals. Unless you have a partner you bought the Dinar with and formed an LLC or something this has nothing to do with the Dinar or you.
Anyone been questioned by police for buying dinar
in RV & Dinar Questions
Posted
this story seems ridiculous on many levels. first off its legal to own dinar. secondly local police would not be the ones to investigate matters with currency if it was illegal. if there is any legitimacy to this story besides someone posting made up stories would be maybe your credit card number was stolen or identity compromised when you ordered.