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.
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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