5.20% CD terms 6mo to 10 years. too good to be true?

[kowboy]

Quote from Bob111:

open IB account and set base currency in AUD-

http://individuals.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc

you not going to get anything on first 11.5K.

another option-

http://finance.yahoo.com/q/bc?s=FXA&t=3m

Thanks Bob, My limited understanding from reading other threads is that a US citizen first must open an IB account with US dollars, and I've had an IB account for years. Then if you want your account to report in Au dollars, Ib will loan you the Au dollars and charge interest to do this.

It is not clear from reading the Rydex Au dollar trust that it would pay interest on the funds invested and appears to be a straight hold of Au dollars. Is this correct?

 

[9999]

Quote from HedgefundTrader2:

Dollar is getting stronger than weaker these day.

Should the Feds who own your " free markets" stand aside and let short sellers and hegdefunds decimate our financial markets and create an utter panic in the country bring the economy to its knees ?

You forget you are just allowed to put your bets in this Giant Casino and get out, you own nothing and its not yours but belongs to the Federal Government and Treasury Department.

So much for "Land of the Free" then, sounds like a dictatorship to me...by the way, how's your mortgage business going? Still selling those "fine properties"?

 

[jackpearson]

remember threads like this?