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EverBank Precious Metals CD


ixic
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If anyone is interested, EverBank is offering a MarketSafe CD that includes Gold, Silver and Copper.  It only needs a minimum of $1,500 to open it and your principle investment is safe no matter if prices go up or down during the 5 year term.

 

It's not actually owning or holding the physical metals, but not a terrible alternative to get in on the low metals prices nowadays.  It has a cap of 45% profit over the 5 year term, evenly spread across the 3 metals.

 

Just thought I'd throw this out there to anyone who wishes to diversify/invest with metals without worrying about losing your principle investment cost.  Check out EverBank's website for more info and all the technical details.

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that's an interesting play, a guaranteed return on initial capital even if gold prices drop in a 5 year period.

 

takes big balls to make claims like that it this market.

 

the maximum 45% profit was probably just thrown in there to sucker people in, by putting a limit on the profit it makes naive people think that everbank thinks it might go higher lol.

 

either way if they hold to their word of return of investment you cant really loose much ........ well when I say much that all depends on the rate of inflation year on year over the 5 year period......... Initial investment back after 5 years minus inflation equals in real terms getting back maybe 90% value meanwhile Everbank had use of your capital and everyone else's  for 5 years for free and probably made millions.

 

they are basically hedging their bets, if gold goes south they can pay you back from their profits of lending money but in this scenario your initial investment is actually worth less with 5 years of inflation, if gold goes north then you get some more back and they really clean up.

 

better off cutting out the middle man if you want to make some real money

Edited by The Machine
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I agree with you, Machine.  Would much rather be holding physical metals anyways (I do).  I'm banking on Gold making a decent rise in the next 2-3 years.  

 

I just posted this for those who were looking for a principle safe investment and a way to get exposure to metals when they make a profit in the next few years.

 

And don't get me started on banks and how they make their money... :shakehead:

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