Downsouth: On CNBC FAST MONEY late today, March 8–As they talked about 20-25% potential S&P market drop–one of the regulars said (paraphrased)–“don’t forget the anti-fiat currency trade in the currency markets.” I thought that was interesting to hear in mainstream media!
CovenantBridge: I keep getting these online invite to set up an appointment with a personal banker from Wells Fargo to review accounts. Over the years I have gotten them 3 or 4 times.
One time I set something up but then cancelled it because I didn’t want to be scolded on foreign currency. Today I set up an appt for thursday and I mentioned I had lots of currency I want to exchange.
The branch manager called me with a lot of excitement and nervousness in his voice. He gave the generic “we don’t exchange Iraq Dinar but asked me what I had. I told him and he asked if it was ok if he has someone else call me to discuss it further. He was the manager. So I am thinking it would be someone higher up than him
When I told him how much Dong I had, I heard him gasp.
Mauirt: coven ..he said No Dinar ?
CovenantBridge: He said Wells Fargo doesn’t exchange Iraqi dinar in a generic way. But before when I talked a different branch manager a month ago they put a “yet” at the end of the sentence. But he was super excited that they can help me. It felt like he didn’t want me to go to a different bank
I mentioned I had Dong, Rupiah, Afgan, Rial. Oh I forgot to mention my Zim. Thats ok he was already overwhelmed.
Pearle: I think some of these bankers are going to be more excited than us at exchange time…lol
ConenantBridge: He was excited. It felt like he was fishing for information. He didn’t have to call me. He said that my email response was brought to his attention. It should have just been assigned to one of the branches personal bankers.
Why did the manager call me when he didn’t really have anything to say except they look forward to meeting Thurrsday.
