Shedagal Posted March 18, 2021 Report Share Posted March 18, 2021 50 minutes ago, wizard1 said: Well if I'm not mistaken one of the main reasons for joining this site was that Adam was supposed to have arranged preferable cash in rates with institutions in different countries. For those who are VIP. Adam's Cash in Guide explains the benefits of joining VIP. 32 minutes ago, rvmydinar said: So that means none of dinar holders who join the VIP!" rel="">VIP will not cash in the local banks. VIP gives members a reduced spread at local banks. The Guide will answer your questions. 2 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 18, 2021 Report Share Posted March 18, 2021 38 minutes ago, rvmydinar said: So that means none of dinar holders who join the VIP!" rel="">VIP will not cash in the local banks. Someone on a video an hour ago said he will cash you out for free at his bank. 2 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted March 18, 2021 Report Share Posted March 18, 2021 Just now, Longtimelurker said: Someone on a video an hour ago said he will cash you out for free at his bank. 🤦🏻 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 14 minutes ago, Longtimelurker said: Someone on a video an hour ago said he will cash you out for free at his bank. For free? Do you believe it? I don't. Don't you think the bank don't want to make a profit on the spread at all? Which bank owners don't want to make a profit? How can the bank survive without making a profit? 1 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted March 18, 2021 Report Share Posted March 18, 2021 6 minutes ago, rvmydinar said: For free? Do you believe it? I don't. Don't you think the bank don't want to make a profit on the spread at all? Which bank owners don't want to make a profit? How can the bank survive without making a profit? Didn't see video, but I would bet there is some fine print (such as keep a significant amount in the bank for a long period of time). I have most of mine protected from taxes, but if I do exchange any with a local bank, I will use one of Adam's recommended banks. 1 2 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 18, 2021 Report Share Posted March 18, 2021 2 minutes ago, Shedagal said: Didn't see video, but I would bet there is some fine print (such as keep a significant amount in the bank for a long period of time). I have most of mine protected from taxes, but if I do exchange any with a local bank, I will use one of Adam's recommended banks. Agreed, nothings free. 2 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 18, 2021 Report Share Posted March 18, 2021 13 minutes ago, rvmydinar said: For free? Do you believe it? I don't. Don't you think the bank don't want to make a profit on the spread at all? Which bank owners don't want to make a profit? How can the bank survive without making a profit? No, i dont believe he will even come close to opening a bank and if he does, it will take a very long time. 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 5 minutes ago, Shedagal said: (such as keep a significant amount in the bank for a long period of time). This makes a sense. Nothing is free. 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 6 minutes ago, Longtimelurker said: No, i dont believe he will even come close to opening a bank and if he does, it will take a very long time. I am glad you said that. 3 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted March 18, 2021 Report Share Posted March 18, 2021 45 minutes ago, Shedagal said: For those who are VIP!" rel="">VIP. Adam's Cash in Guide explains the benefits of joining VIP!" rel="">VIP. VIP gives members a reduced spread at local banks. The Guide will answer your questions. Thanks for the advice shedagal. I am really appreciated that. 3 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted March 18, 2021 Report Share Posted March 18, 2021 53 minutes ago, Shedagal said: For those who are VIP!" rel="">VIP. Adam's Cash in Guide explains the benefits of joining VIP!" rel="">VIP. VIP gives members a reduced spread at local banks. The Guide will answer your questions. This ☝️ 1 Quote Link to comment Share on other sites More sharing options...
Bob Posted March 18, 2021 Report Share Posted March 18, 2021 Would the bank (which ever one you choose) cash in for free...or a very nominal charge IF you open an account and agree to keep it funded for a period of time. This frees-up a bunch of cash to lend or invest. Millions would be available to take to market for the banks. Just sayin! 2 Quote Link to comment Share on other sites More sharing options...
RV MY DINAR 3USD Posted March 19, 2021 Report Share Posted March 19, 2021 14 hours ago, Longtimelurker said: You would be fine with giving the bank 35%? 35%? of course not. i never thought about it. i think i better look for other banks that offer the lowest fess and spread. thanks for remaining me. 2 Quote Link to comment Share on other sites More sharing options...
Blitz Posted March 19, 2021 Report Share Posted March 19, 2021 Question???? So if it does come out at the 10 cents Adam says, then the banks get their spread, then you pay 35% tax......damn, I ain’t making much 💰💰 💰....anyone??? 1 Quote Link to comment Share on other sites More sharing options...
RV MY DINAR 3USD Posted March 19, 2021 Report Share Posted March 19, 2021 9 hours ago, Bob said: Would the bank (which ever one you choose) cash in for free...or a very nominal charge IF you open an account and agree to keep it funded for a period of time. This frees-up a bunch of cash to lend or invest. Millions would be available to take to market for the banks. Just sayin! what you just said were correct. that made a lot of sense. is it safe to put million dollars in a bank without fdic insured? how much is covered and insured by fdic? 2 Quote Link to comment Share on other sites More sharing options...
RV MY DINAR 3USD Posted March 19, 2021 Report Share Posted March 19, 2021 13 minutes ago, Blitz said: Question???? So if it does come out at the 10 cents Adam says, then the banks get their spread, then you pay 35% tax......damn, I ain’t making much 💰💰 💰....anyone??? exactly right. that's why we hope the rate is at least 1:1 and we can still make a decent profit. 2 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 19, 2021 Report Share Posted March 19, 2021 (edited) 19 minutes ago, Blitz said: Question???? So if it does come out at the 10 cents Adam says, then the banks get their spread, then you pay 35% tax......damn, I ain’t making much 💰💰 💰....anyone??? Nope, thats why i bought enough to cover my taxes and then did it again and then again.. and im thinking i might do it 1 last time tomorrow if i can find any.. Edited March 19, 2021 by Longtimelurker 2 Quote Link to comment Share on other sites More sharing options...
RV MY DINAR 3USD Posted March 19, 2021 Report Share Posted March 19, 2021 6 minutes ago, Longtimelurker said: Nope, thats why i bought enough to cover my taxes and then did it again and then again.. and im thinking i might do it 1 last time tomorrow if i can find any.. that means you have to buy more more and more dinars in order to cover the high taxes, so that we can still make a decent profit. it is a good plan. not bad. i guess i will follow what you did. 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 19, 2021 Report Share Posted March 19, 2021 Just now, RV MY DINAR 3USD said: that means you have to buy more more and more dinars in order to cover the high taxes, so that we can still make a decent profit. it is a good plan. not bad. i guess i will follow what you did. It's a whole lot cheaper to pay your taxes at 1200/1 so buy enough just to cover your taxes 👍 2 Quote Link to comment Share on other sites More sharing options...
Blitz Posted March 19, 2021 Report Share Posted March 19, 2021 23 minutes ago, Longtimelurker said: Nope, thats why i bought enough to cover my taxes and then did it again and then again.. and im thinking i might do it 1 last time tomorrow if i can find any.. Does it really matter how much you buy? You are still paying the same spread and paying the same taxes with 1 million or 100 million. Please explain to me so I can understand and if true I will Go buy more Dinar myself. 1 Quote Link to comment Share on other sites More sharing options...
cjdavid Posted March 19, 2021 Report Share Posted March 19, 2021 Soooo.....March 23rd....got it!!! 2 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted March 19, 2021 Report Share Posted March 19, 2021 7 hours ago, Blitz said: Does it really matter how much you buy? You are still paying the same spread and paying the same taxes with 1 million or 100 million. Please explain to me so I can understand and if true I will Go buy more Dinar myself. Correct, same spread and same taxes. If i hold 10 million dinar and exchange rate is 1:1 subtract spread, taxes etc i might have 6 million usd when everything settles. Fees and taxes cost 4 million usd. If i buy 5 million more dinar, i can walk away with 10+ million usd after everything settles and i basically paid $5000usd to cover my $4 million in taxes. You're not saving anything you're just adding onto your position to cover the taxes so you can walk away with more money. 3 Quote Link to comment Share on other sites More sharing options...
Blitz Posted March 19, 2021 Report Share Posted March 19, 2021 1 hour ago, Longtimelurker said: Correct, same spread and same taxes. If i hold 10 million dinar and exchange rate is 1:1 subtract spread, taxes etc i might have 6 million usd when everything settles. Fees and taxes cost 4 million usd. If i buy 5 million more dinar, i can walk away with 10+ million usd after everything settles and i basically paid $5000usd to cover my $4 million in taxes. You're not saving anything you're just adding onto your position to cover the taxes so you can walk away with more money. I get that if it comes out at 1:1, but at 10 cents it’s not going to matter how much you have bc all taxes and spread will eat up any profit you make so it won’t matter how much Dinar you have, right??? 1 Quote Link to comment Share on other sites More sharing options...
cws Posted March 19, 2021 Report Share Posted March 19, 2021 1 hour ago, Blitz said: I get that if it comes out at 1:1, but at 10 cents it’s not going to matter how much you have bc all taxes and spread will eat up any profit you make so it won’t matter how much Dinar you have, right??? im going to assume no matter the tax rate or any spread the more Dinar you have the more you’ll have left after the fees and taxes are paid. 3 1 Quote Link to comment Share on other sites More sharing options...
fioranosportscars Posted March 19, 2021 Report Share Posted March 19, 2021 we really wont know .... until we know the actual rate... 1 1 1 Quote Link to comment Share on other sites More sharing options...
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