Shedagal Posted December 23, 2016 Report Share Posted December 23, 2016 Hey, I got an e-mail today from the IRA company where I have my dinar-funded Roth IRA. It was a survey-monkey based questionnaire asking questions to determine if I was an accredited investor. It seems they are starting a new training program in 2017 for those who are on how to invest at that level. At first I didn't think anything of it, but then it dawned on me that they may know something I don't. More than likely its just "hopium" on my part; but a good RV would definitely put a lot of us in that category. Has anyone else with a Roth IRA gotten this kind of e-mail? 5 Quote Link to comment Share on other sites More sharing options...
Sage449 Posted December 23, 2016 Report Share Posted December 23, 2016 SDG we can only hope and I'm right there with you. That would be so mega-awesome! 2 Quote Link to comment Share on other sites More sharing options...
jb4388 Posted November 15, 2017 Report Share Posted November 15, 2017 I'm interested in learning more about the process you went through for your dinar-funded Roth IRA. Which company is your depository? Thank you. 1 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted November 16, 2017 Author Report Share Posted November 16, 2017 On 11/15/2017 at 6:15 AM, jb4388 said: I'm interested in learning more about the process you went through for your dinar-funded Roth IRA. Which company is your depository? Thank you. I did it through Dinar Trade (now Xchange of America). The IRA company they recommended was Vantageiras.com. I set up the ira with Vantage, bought dinar with ira through DT, and use First Depository in Delaware to hold the dinar. As I recall, it cost around $300 or so to set up (not counting cost of dinar) and my yearly fees are $195 for ira and $100 for depository. Hope this helps. 3 Quote Link to comment Share on other sites More sharing options...
jb4388 Posted November 16, 2017 Report Share Posted November 16, 2017 Did Dinar Trade send you the dinar after it was purchased and you sent it to First Depository in Delaware ? I emailed Safe Dinar this morning and they said they could not send it to a third party. Thank you Quote Link to comment Share on other sites More sharing options...
Shedagal Posted November 16, 2017 Author Report Share Posted November 16, 2017 8 minutes ago, jb4388 said: Did Dinar Trade send you the dinar after it was purchased and you sent it to First Depository in Delaware ? I emailed Safe Dinar this morning and they said they could not send it to a third party. Thank you No, DT sent it straight to First State Depository (sorry i forgot full name before). We cannot have possssion of the dinar. If you listen to Breitling, he and Bob The Tax Man have been discussing this lately. 1 Quote Link to comment Share on other sites More sharing options...
boatman Posted November 16, 2017 Report Share Posted November 16, 2017 1 hour ago, jb4388 said: Did Dinar Trade send you the dinar after it was purchased and you sent it to First Depository in Delaware ? I emailed Safe Dinar this morning and they said they could not send it to a third party. Thank you With Safe Dinar, they ship the order to your residence and you have to pay for it on arrival. Quote Link to comment Share on other sites More sharing options...
jb4388 Posted November 16, 2017 Report Share Posted November 16, 2017 (edited) Thanks I have been listening to him. Do you know if you can purchase dinar from a third party and have it shipped to the depository? Edited November 16, 2017 by jb4388 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 16, 2017 Report Share Posted November 16, 2017 On 12/22/2016 at 7:12 PM, Shedagal said: Are you an accredited investor? No I’m An Exotic Foreign Currency Investor - Which Gives Me Absolutely No Credibility Whatsoever ... 3 Quote Link to comment Share on other sites More sharing options...
gregp Posted November 16, 2017 Report Share Posted November 16, 2017 6 minutes ago, DinarThug said: No I’m An Exotic Foreign Currency Investor - Which Gives Me Absolutely No Credibility Whatsoever ... Smart 😁😁😁 1 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted November 16, 2017 Author Report Share Posted November 16, 2017 (edited) 50 minutes ago, boatman said: With Safe Dinar, they ship the order to your residence and you have to pay for it on arrival. That would void the Roth tax advantage. Edited November 16, 2017 by Shedagal Quote Link to comment Share on other sites More sharing options...
Shedagal Posted November 16, 2017 Author Report Share Posted November 16, 2017 23 minutes ago, jb4388 said: Thanks I have been listening to him. Do you know if you can purchase dinar from a third party and have it shipped to the depository? Not sure about that. Quote Link to comment Share on other sites More sharing options...
NeedRv Posted November 16, 2017 Report Share Posted November 16, 2017 Correct me if I am wrong... but someone said put the dinars into a ROTH IRA .... soooooooo the question is.... I believe you need to leave in that ROTH for min 5 years (right) before you can touch... SO, if the dinar RVs before that 5 year period AND Iraq implements a time limit to turn in the notes we currently have to make way for lower denoms ,.......HOW would you work that??? with your Dinar stuck in a IRA-ROTH for 5 Years... will you be able to exchange within the ROTH??? 1 Quote Link to comment Share on other sites More sharing options...
jb4388 Posted November 16, 2017 Report Share Posted November 16, 2017 3 minutes ago, NeedRv said: Correct me if I am wrong... but someone said put the dinars into a ROTH IRA .... soooooooo the question is.... I believe you need to leave in that ROTH for min 5 years (right) before you can touch... SO, if the dinar RVs before that 5 year period AND Iraq implements a time limit to turn in the notes we currently have to make way for lower denoms ,.......HOW would you work that??? with your Dinar stuck in a IRA-ROTH for 5 Years... will you be able to exchange within the ROTH??? When I wrote Entrust this is the response I received. Hypothetical question now, in 2-3 year lets say the Iraqi currency increases in value and I would like to exchange the IQD for US dollar but have it remain as US cash in my Roth is this permitted? Would their be a charge to do a currency exchange? You a direct us to sell the asset and deposit the funds +\- profits back into your Roth. The funds will sit in your account until you're ready to make another self-directed investment. At age 59 1/2 and after leaving the investment in the Roth for 5 years, I then would be able to withdraw cash from my Roth without any penalty's and it would be tax free regardless of the account value. That is correct. All of your investments grow tax-free since you pay taxes on the front end. 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted November 16, 2017 Report Share Posted November 16, 2017 This, above, has me curious. They said your investment grows tax-free since you pay taxes on the front end . But with dinar, you don't pay any taxes when you buy it, so what is the rule going to be about that? Quote Link to comment Share on other sites More sharing options...
2fast4u2c Posted November 16, 2017 Report Share Posted November 16, 2017 (edited) you already paid the tax on the money you used to buy the dinar...this is the definition of a ROTH Edited November 16, 2017 by 2fast4u2c 3 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted November 16, 2017 Report Share Posted November 16, 2017 29 minutes ago, 2fast4u2c said: you already paid the tax on the money you used to buy the dinar...this is the definition of a ROTH But using your analogy then if I bought an ounce of gold for $1000.00 and I sold at $1500.00 I would not need to pay tax as this was paid on the front end as well. Hmmmm ??? I some how don't think so. but hey, that's just me. pp 1 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted November 16, 2017 Author Report Share Posted November 16, 2017 9 minutes ago, pokerplayer said: But using your analogy then if I bought an ounce of gold for $1000.00 and I sold at $1500.00 I would not need to pay tax as this was paid on the front end as well. Hmmmm ??? I some how don't think so. but hey, that's just me. pp That is the beauty of the Roth. 1 Quote Link to comment Share on other sites More sharing options...
2fast4u2c Posted November 16, 2017 Report Share Posted November 16, 2017 The ROTH was developed under Reagan to get people to take care of themselves and not count on Social Security 1 Quote Link to comment Share on other sites More sharing options...
2fast4u2c Posted November 16, 2017 Report Share Posted November 16, 2017 Shedagal....I am considering this do you want me to list you as a referral ? email me your name if you do bac21@hotmail.com Quote Link to comment Share on other sites More sharing options...
Shedagal Posted November 16, 2017 Author Report Share Posted November 16, 2017 (edited) 1 hour ago, 2fast4u2c said: Shedagal....I am considering this do you want me to list you as a referral ? email me your name if you do bac21@hotmail.com I will email you. Edited November 16, 2017 by Shedagal Quote Link to comment Share on other sites More sharing options...
jb4388 Posted November 16, 2017 Report Share Posted November 16, 2017 Does anyone know if Dinar can be bought (not for a listed dealer but) from someone local or someone you have made an agreement with lets say and the Self Direct IRA pays them for the dinar and the third party send the dinar with your name on it to the depository where you have a preexisting account? Thank you. Quote Link to comment Share on other sites More sharing options...
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