BRIC c.d.

[lawman]

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

 

[ziggy29]

I think most people would be better off buying a CD and using part of the interest to buy put options on the dollar if they want to play that game.

 

[lawman]

I think most people would be better off buying a CD and using part of the interest to buy put options on the dollar if they want to play that game.

Didn't know I could buy "put" options on the dollar..Does it have a symbol or how do I buy them?