10/27   http://www.everbank.com/main.asp?affid=eb
        This is pretty neat.  $10k to open a FDIC insured world currency
        deposit account.  Buy say Australian dollars which has 3.9% interest
        rate and is also likely to rise against US$ (Australia is a nation
        of miners, and China is sucking away supplies of all kind of basic
        materials).
        \_ shut up, cmlee.
        \_ You can also buy renmibi, if you are into that sort of thing.
        \_ Damn it where were you a year and a half ago when i was asking
           about buying foreign currencies.  I could have made like 25%.
           umm, i mean "thanks, good link."
           \_ Buying gold or gold stocks is pretty much a proxy for
              the same thing.
              \_ It plays on similar trends, but I think the Australian
                 dollar would have more upside and less volatility.
                 Look at the chart for the past year, for example, more
                 volatility for gold: http://csua.org/u/4ti
        \_ You want to get into arbitrage?  Why not just write me a check for
           your entire net worth?  At least I'll put your money to good use.
           \_ I don't see what's so dangerous about buying some foreign
              currency.  Nobody's trying to be a professional trader who
              currency.  Nobody's trying to be a professional trader that
              trades everyday.  Some of us have family, properties
              and assets overseas and we are forced to think about
              exchange rates in any case.  Also, holding your money in US
              dollars is just as much a gamble as holding it in another
              currency.  You are forced to "place a bet" no matter what.
              \_ Because most of your goods and services go up and down with
                 your local currency.  Exchange rates can change much faster
                 relative to your local buying power, thus keeping all your
                 money in the same currency as the country you live in is
                 always safer for the average person than buying currency
                 from somewhere else that you're not watching everyday.
                 \_ You are right, but not all of us plan to be here
                    always, and some of us want to buy property, invest,
                    support family, etc. in other countries.  It's also
                    a good way to diversify (No one is suggesting that you
                    use your entire nest egg to buy Australian dollars).
                    Also, currency market is less than a free market and
                    very much influenced by government fiscal policies,
                    and because of that, it's long term trend is more
                    predictable, and currently, the trend for the dollar
                    is down, in my opinion.
                    \_ you plan to live in some other country?  what for?
                       \_ Why not?  We didn't become leader of the world
        \_ Anyone know why the 3-month, 6-mo., and 9-mo. Australian CD's
           have the same Interest Rate(3.88%), yet have differing APY's?
           The 3mo: 3.93%, 6mo: 3.91%, 9mo: 3.89%  Is it b/c the 3mo.
           compounds every 3mo, whereas the 9mo. only every 9mo?   -nivra
                    \_ you plan to live in some other country?  what for?
                          by staying at home.