Saturday, May 26, 2007

Check Out This Investment Product To $ave Your Dough


Even Warren Buffett said it himself at his Annual Meeting in Omaha. The long-term trend on the dollar is down. Americans, so used to ignoring the currency question, will have to join the rest of the world and start to think about the value of their basic currency against the real world of things. And even Warren Buffett put money in another currency. He failed to disclose which one. But he promised to let us all know next year. He's not the only one. A lot of smart investors realize you can no long just park cash in the dollar an expect to get anything close to the purchasing power you put in back. The dollar has lost nearly 40% of its value since 2000. That's reflected in the higher price of gold, oil and other commodities. The official inflation numbers don't tell the story, as you know. I've made you aware of the valuable work John Williams at Shadow Government Statistics does in tracking better - and undistorted - results. So, what is an investor to do? Well, it's easier than ever to park some money in an alternative currency. In this case, Everbank has put together a pretty neat FDIC-insured deposit account that gives you the protection against the withering dollar. How so? It's pretty simple. They spread your money evenly between four harder currencies - likely to appreciate against the dollar. These currencies are England's pound, Norway's krone, Australia's dollar and Canada's dollar. These currencies have all held up well against the dollar. The "World EnergySM Index CD" is what they call it. A somewhat convoluted name, but a good idea nonetheless.
Sound Of Cannons always likes to bring you the freshest and most lucrative investments and this Everbank CD is definitely one of them. If you have some idle dollars you want to secure, see www.everbank.com You'll be glad you did.

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