CureZone
  All Blogs
    Spirit of Money, Financial Fluidity

Spirit of Money, Financial Fluidity
by munificent

249 blog entries; 17 entries per page; 1 pages; viewed 453,579 times
Description   |   Rules   |   Disclaimer

  • Spinning Gold into Dollars   by  munificent     16 y     1,287       3 Messages Shown       Blog: Spirit of Money, Financial Fluidity
    Spinning Gold Into Dollars

    Everbank, an online bank that issues FDIC-insured certificates of deposit that are denominated in foreign currencies, has come up with a unique way to "invest" in gold, while giving a guarantee that you won't lose a dollar of your principal. It's called the MarketSafe Gold Bullion certificate of deposit. It gives you 100% safety of principal, and FDIC insurance, along with a "market upside payment" that is equal to 100% of the percentage change in the average spot price of gold over the five-year term of the CD! -- Terry Savage, TheStreet.com
    ~9th~- Be sure to ask for a prospectus
    A few observations, without knowing any details,

    1. Gold is at a high right now...Is it likely that it will sustain this or keep rising (historically the answer is no, but it could be that our money troubles will finally bite us in the ass..and gold will be the new (ancient) trade payment source.
    2.If tradition holds and gold is at a peak and will be settling down-then what do you get- your money back?
    3.If you have to use that money within 5 years, how does the thing unwind- what kind of penalties/loss will you incurr-

    In my experience these hybrid commodity based products (especially with a 5 year maturity) do not pan out..At Morgan Stanley we had a commodity based "fund" that was a 5year commitment, backed with zero coupon bonds that had an identical maturity-that provided the guarantee- but there was no interest made if the commodity fund did not perform- but you did get your money back without interest.

    Reply   FCK   TinyMCE  
    This is NOT me. This is just randomly assigned avatar, until I upload my own photo. Click here to see my profile.
    munificent
    Notifications
    Agree
    Disagree
     
Back To Top

Selected Ads from CureZone Sponsors: Become a Sponsor

VIP

 
 

PLAT

 
 

GOLD

 
 

GOLD

 
 

SILVER

Lugol’s Iodine Free S&H
J.Crow’s® Lugol’s Iodine Solution. Restore lost reserves.
Hulda Clark Liver Cleanse
Hulda Clark Cleanses
Free Remineralizer for your Teeth
Best Teeth Remineralization, Strengthening, and Cleaning
 
 

SILVER

Natural, Soothing, Progesterone Oil
Supplementation and Hormone Balancing Based on the resear...
Natural Cancer Remedies
The ”incurable” pancreatic cancer disappeared!
 
 
Back To Top How many people click on the sponsord links? Become a Sponsor



 


CureZone Newsletter is distributed in partnership with https://www.netatlantic.com


Contact Us - Advertise - Stats

Copyright 1999 - 2021  curezone.com

0.344 sec, (1)