Ali and Cash In

Okie, you said you talked with Ali. Does he intend to cash people out at his location in Brentwood, TN? Thank you! Also, where has poppy 3 been? And Dewey? We haven't heard much from either of them.

I wonder if he still plans on opening all the satelite offices around the country?

Question for therealbutterfly:

Why wouldn't you go to a dealer? Why would you go to a bank? Our bank says they will cash in for us but they want to send our dinar out of state to verify that it is "for real". I'm not about to send my dinar anywhere. It will stay with me until they hand me the dollars or put it into my account. At least with a dealer, they will have a de la rue machine there on hand. Are you hearing something different?

To therealbutterfly:

Thanks for your input. I had heard Okie and others make those kinds of remarks about going to banks but had not ever heard an explanation for that. We have only dealt with the 2 top dealers and had been pleased with their handling of our currency. Ali had gone so far as to explain exactly how our dinar would be handled in his offices which gave us a great measure of comfort. Your info is good to know.

Great info,Therealbutterfly- Thanks 4 that !!

therealbutterfly: First, the procedure to protect your new found money when it is wired to your bank is to go in and tell the Bank Manager and your Personal Banker what is happening before you cash in. In some cases that bank would be hard pressed to "report suspicious banking transaction(s)" when they in fact issued the wire transfer for the purchase of the currency in the first place. Should that bank turn in such a report I would say that one would have a very good suit for a multitude of reasons. But, considering that one told them prior to the cashing in and had a witness it would probably not even be an issue.

Second, Those who are not in the contiguous 48 states have a problem - how to get the currency out so they can cash in. Those in Alaska that have checked found that banks "are not interested". Some on this thread have stated that the banks will "come around" after the RV. Makes one wonder if that is also smoke and mirrors since the Managers are so adamant about their statements - i.e.: "NO bank will deal with the IQD" and/or "The currency will have to be sent to our Colorado main bank for verification." I really do not trust banks that much to do such a thing. There are options, yes, but which way to go?

With all the smoke and mirrors - to include being told that the RV is imminent almost every day for over a year - it is also difficult to take seriously postings that promise us news and then the poster vanishes until tomorrow or a few days later to do the same thing - "I'll be right back to post" or "I'm on the way to check out the bank screens ..... ." Bank screens have been discussed so much on the blogs that one finds it easy to doubt any information at all.

Still WE WAIT.

NIce to have options like yours. I too have been in this investment for a long time. I have done due diligence in re: banks vs. dealers. Our problem is there are NO banks that admit to wanting anything to do with the dinar. Smoke and mirrors? After constant inquiries and receiving the same answers it poses an interesting scenario post rv.
What floats my boat is the truth from someone as to if is possible to cash in (bank or dealer) when one lives outside the continental US. Last I knew Alaska and Hawaii were States and we pay taxes just like anyone else. Bankers that lie to me pre-rv and then pursue me afterwards can be trusted? Hardly. As to dealers, well when there is no other option one takes what one gets.
Thanks.

You all might also want to consider that the banks are going to charge you 2-3% ($20,000 - $30,000 per million!) Of course, you may have the option of telling them that you won't put all that money in a bank that charges you to deposit your money..... could work...... not likely, but it could, if you deal with the president of the bank or another bank official.

i want the CBI rate....dealers say thats what they are giving out....I am not sure what the Bank Rate is and will probably be lower. Bank spread vs. dealers is something to check on but right now as i see it its the dealers that have the best rates for me.

I read the post from Okie that said he had talked to Ali, but for the life of me I cannot seem to find it on here any more. Has it been removed?

OKie_GEM

Butterfly -

What did you say to them to get that deal? Thanks.

http://dinardaily.forumotion.com/t9958-how-to-negotiate-a-bank-deal-posted-with-permission-from-1shoe-the-original-author#61046

Hope this helps for you guys!

therealbutterfly wrote

"I am not at all worried about the rates with banks. I am confident I will get a better deal with the bank."

That statement is backed up by todays news that banks are backing off the raise in rates for debit cards, Folks won't pay it. I do beleive that the banks that say not now, will. I also believe that the banks will try to get more out of you, but as soon as one cuts his fees they all will, But you have to ask for the deal, they will not just give it to you.



She also wrote,

Do you have a BOA there in Alaska?



No they could not make it here, They tried in the late 80's gone by early 90's.



But folks just check out who you are dealing with, it is not hard, Go into the banks and ask.



And to the realbutterfly, I hope you have your deal in WRITING, as the person who you made it with may not be with the bank when it comes time to cash in and the bank says, "This person did not have the authority to do this deal", then where are you?