Spinning Gold Into Dollars
As an example, suppose you purchased a $10,000 Gold Bullion CD that has a "base price" of $470. Then, over the next five years, the price of gold rises and falls but generally has an upward trend. Those prices are measured at fixed six-month intervals, and let's say the price of gold averages $618 on those 10 dates. Then, at maturity, your $10,000 CD would be worth $13,100.
If the price of gold results in an average of less than $470 an ounce during those 10 observation dates, you'll get back your original $10,000 investment at maturity in five years. Special note. These CDs are not liquid, and money can be withdrawn only if the owner dies. And in that case, there is no guarantee of principal protection. They are not suited for tax-deferred accounts, such as IRAs. The first series of MarketSafe gold bullion-linked CDs will be issued Oct. 25, with subsequent series issued every month. For more information and a detailed explanation of the risks and guarantees, go to www.Everbank.com. They've finally found a way to turn paper dollars into gold. And that's The Savage Truth.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |














