Thursday, July 12, 2007

Viking Descendants Know How To Get Rich


There are more per capita millionaires in Norway than anywhere else on the planet. According to Merrill Lynch, one in every 86 Norwegians is worth at least a million bucks. And that doesn’t account for the value of their primary residencies. Since the beginning of 2006, the number of dollar millionaires in Norway rose nearly 10%.
Here’s one reason: Just by holding the Norwegian currency -- in a bank, a fund, in a coffee can under the bed -- Norwegians have been rewarded with 7.6% gains against the dollar this year alone. Add a booming offshore oil industry, a frothy local stock market, and almost no national debt… et voila, a healthy economy and a boom in millionaires.
You may recall our friends at EverBank have put together a way for you to profit from Norway’s boom without taking on the big, complicated risks of Forex trading. It’s called the World Energy CD -- a bundle of four of the best performing, energy-robust currencies, including the krone. Learn more about it here.

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