December 6, 2014 at 8:07am
A question to ponder: if you have a wealth manager who actually knows about the RV/GCR, what makes you think they won't exchange themselves and possibly be GONE before you even get to see them? Not many love their job THAT much to be a billionaire and keep working…..I actually work at Tier 1 bank overseeing the lending needs for our Private Banker's clients, and I assure you it's a reality to consider. I plan on being gone in a heartbeat!
Ron Burgundy > DongNation:
Yes. I imagine that it will be hard to keep this a secret for long. Are ANY of the WM's at your bank even aware of this?
DongNation > Ron Burgundy:
Even as DC Guy says, a great majority of WMs (maybe 99%) do NOT know about the RV/GCR. I directly work with over a dozen WMs--and a few are very good friends of mine--and they have absolutely NO knowledge of this.
But, ironically, a fiend of mine stumbled upon a WM at another bank who knows everything, and I'm sitting down with him Monday. Go figure.
EXOGEN > Ron Burgundy:
HERE IS A REAL LIFE EXAMPLE
THERE ARE BANKS RIGHT NOW PEOPLE CAN GO TO AND IF THEY NEEDED EMERGENCY CASH, THEY CAN WALK RIGHT IN THE BANK AND EXCHANGE CURRENCY AT THE CURRENT RATE AND WALK OUT WITH CASH.
HOW MANY IN IQD LAND KNOW WHERE THESE LOCATIONS ARE TODAY.............NOT MANY
AND YOU CAN GO TO THE SAME BANK, IN THE SAME CITY, AND THE OTHER BANK BRANCH WILL TELL YOU WE DO NOT DEAL WITH THE IRAQI DINAR
IT WILL BE THE SAME WAY WHEN THE RATES CHANGE
S3A BASIC EXCHANGE PLAN SAMPLE/EXAMPLE
1. FIND OUT WHAT YOU NEED TO NET FROM THE EXCHANGE
($100,000, $500,000, $1,000,000, $5,000,000, $10,000,000 ETC....)
2. ADD UP OF ALL OF YOUR PHYSICAL HOLDINGS IN EACH CURRENCY
3. ONCE YOU HAVE ADDED UP YOUR HOLDINGS MULTIPLY EACH BY THE LOWEST POSSIBLE
PROJECTED EXCHANGE RATE FOR EACH CURRENCY.
4. ADD ALL OF THE HOLDINGS TOGETHER TO SEE IF YOU HAVE MET THE NUMBER YOU NEEDED TO
NET FROM THE TRANSACTION (TOTAL COMBINED HOLDINGS X LOWEST EXCHANGE RATE FOR EACH CURRENCY)
5. ADD OF EACH COLUMN AND SEE WHAT YOUR COMBINED TOTAL IS THAT YOU NET AFTER EXCHANGE
6. SEE WHAT YOUR FINAL COMBINED CASH NUMBER IS AND WITH THIS EXAMPLE THERE ARE NO TAXES, NO NDA, NO CONTRACTS, AND YOU LIVE A FREE LIFE WITH NO STRINGS ATTACHED FOREVER!!!
NOTE: INCLUDE ALL RESERVE HOLDINGS IN THIS EXAMPLE AT THE LOWEST PROJECTED RATE