February 18, 2008
Several of you have asked me about my thoughts about investing in gold and silver. I mentioned that I had only bought into one gold mining company that I was taking a chance on. Well, a way to participate in the future of gold and silver prices (rise or fall) is to look at what Everbank offers. They offer a five year CD, FDIC insured that guarantees your principal and increases in value based on what the price of gold and silver have done over that time. Make sure that you read the fine print. If the price of either remains the same or falls, you get your principal back. If either rises, you get to participate in that. Make sure that you look at the chart for historical performance. I'm not promoting these CDs or their concept, just wanting you to be aware that products like these exist. They also offer a wide range of currency CDs.
European and Asian markets had a nice rise today. Let's hope it carries over to our markets. Have a good day tomorrow.
Pete
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