"At the branches they are instructed to not respond to anything related to Dinar until they are instructed otherwise. He then told me that all I need is to call the branch again and merely ask if my account can please be converted to the WAY TO SAVE type of account.
He said that when the RV occurs, to have all funds that are incoming from the Dinar conversions - those alone should be deposited in that account with no old green-back dollars. That way, when the gold-backed US currency is released (soon he thought) then the money in the WAY TO SAVE account will be traded to the new currency at a one-to-one rate.
Whereas, your other accounts with old greenback money will be converted to the new US gold currency at some lesser rate - rumored to be at loss of 2 to 1 or even 5 to 1 - meaning that for two old US dollars, they will give you one new gold-backed dollar.
So the Way-to-save account has a good basis for saving us losses on the Dinar converted funds.
THe Dinar you hold is gold backed, and therefore you deserved to be paid in gold backed dollars - except that there aren't any gold backed US currency - but that should change soon.
Therefore when you call your branch, don't mention Dinar. If necessary, just say that some of your investments are likely to pay-out soon."
Posted by John MacHaffie at 10:44 AM