lawman
Thinks s/he gets paid by the post
Ever Bank offers a FDIC principal insured 3 year C.D. that pays based on the difference in exchange rates between the difference in currencies of the U.S. and (Brazil, Russia,India, and China)..It pays no interest and the upside potential is solely the difference between the exchange rates of those currencies and the dollar at maturity. However, one is guaranteed the return of his principal should the dollar strengthen against those currencies..Seems like it might be better than buying silver or other commodities since the price of those could be lower in three years..What's the wisdom of the board?
http://www.everbank.com/001CertificatesMSBRIC.aspx?referID=11641
http://www.everbank.com/001CertificatesMSBRIC.aspx?referID=11641