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-------- Original Message --------
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<th align="right" nowrap="nowrap" valign="baseline">Subject: </th>
<td>Everbank CD</td>
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<th align="right" nowrap="nowrap" valign="baseline">Date: </th>
<td>Thu, 22 Apr 2010 16:49:22 -0700</td>
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<th align="right" nowrap="nowrap" valign="baseline">From: </th>
<td>Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios
<a class="moz-txt-link-rfc2396E" href="mailto:bayareaprocess@att.net"><bayareaprocess@att.net></a></td>
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<th align="right" nowrap="nowrap" valign="baseline">To: </th>
<td>Money Matters Email Jtan <a class="moz-txt-link-rfc2396E" href="mailto:money-matters-l@jtan.com"><money-matters-l@jtan.com></a></td>
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<br>
<br>
Everbanks new Market Safe CD is based on Gold, Silver and Platinum. <br>
<br>
After talking with them I have decided to not go hog wild over this CD
for the following reasons:<br>
<br>
1) They mentioned a new CD more like the BRIC foreign currency CD
should be announced shortly. The BRIC had better terms in my opinion
and I was specifically interested in a foreign currency CD rather then
a metals CD for the reasons listed below.<br>
<br>
2) We have lots of gold holdings and I actually do have a gold
Market Safe CD from Everbank already. The terms on that CD were a bit
different then this new one. Keep reading…<br>
<br>
<br>
3) For gold and silver, I find it best to just own the metal
outright and speculate with gold funds like our UNWPX or TGLDX.<br>
<br>
4) The new Everbank CD is a 5 year tie up where the BRIC currency CD
was only 3 years. I am not against 5 years but I am for this CD due to
reason 5.<br>
<br>
5) You only get an average of the price increase instead of 100 % of
the upside as you do on the BRIC currency CD. Additionally you can
never make more then 50 % upside no matter what. This I do not like. 5
years is a long time and to limit our gains to 50 % for that long in
this environment I do not find wise. Especially where gold and silver
are today in the grand scheme of things. These metals could go
ballistic so being limited to only a 50 % gain for a term like 5 years
is in my opinion not a good idea<br>
<br>
<br>
All things considered, this new CD is insured by the FDIC and you cant
lose any money so says the bank, so if some of you wanted to stick a
bit in this CD for another “leg” of diversification, then you could do
worse I guess. Owning a gold, silver and platinum CD where you cant
lose money is not a bad plan even if you have to tie up the funds for 5
years. That would amount to about an 8% return annualized if you get
the maximum gain.<br>
<br>
I prefer to wait and see what they plan to do with the next currency CD
and hope it will be like the BRIC CD we bought last year.<br>
<br>
<br>
Marc<br>
<br>
<br>
<br>
<BR>
<BR>
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