Playing the Rising Price of Silver
If you want to minimize risk, you might take a look at a terrific new product offered by our friends at EverBank. It is called the “MarketSafe Certificate of Deposit (CD),” specifically a “MarketSafe Silver” based on the spot price of silver.
In essence, EverBank is offering you a CD form of yield, with 100% principal protection. MarketSafe CDs offer market-level returns on maturity, with the safety of 100% principal protection via FDIC insurance. That is, for this silver bullion issue, you are guaranteed return of 100% of your deposited principal on maturity. Plus, if the spot price of silver improves, you may earn a market upside payment equal to 100% of the percentage change in the average spot price of silver as calculated as an average of 10 semiannual pricing dates.
The minimum deposit is $1,500, for a term of five years. There are no account fees. The maturity date will be Aug. 28, 2012, with the 10 pricing dates beginning with the initial value date of Feb. 25, 2008. So if you are bearish on the long-term value of the U.S. dollar, or just plain bullish on the upside for silver, this is a great way to enjoy the rise while minimizing the downside risk. CLICK HERE for more information.
In essence, EverBank is offering you a CD form of yield, with 100% principal protection. MarketSafe CDs offer market-level returns on maturity, with the safety of 100% principal protection via FDIC insurance. That is, for this silver bullion issue, you are guaranteed return of 100% of your deposited principal on maturity. Plus, if the spot price of silver improves, you may earn a market upside payment equal to 100% of the percentage change in the average spot price of silver as calculated as an average of 10 semiannual pricing dates.
The minimum deposit is $1,500, for a term of five years. There are no account fees. The maturity date will be Aug. 28, 2012, with the 10 pricing dates beginning with the initial value date of Feb. 25, 2008. So if you are bearish on the long-term value of the U.S. dollar, or just plain bullish on the upside for silver, this is a great way to enjoy the rise while minimizing the downside risk. CLICK HERE for more information.
No comments:
Post a Comment