Housing Recovery Will Be Slow as Foreclosures Continue to Weigh on Housing Prices
Money Morning (August 13th, 2009) Writes:
Inflation-Proof Savings Account Could Pay 100% “Interest” this Year Euro Pacific Capital President Peter G. Schiff has identified a savings account that could yield 100% interest between now and the end of the year. It’s much safer than a regular account, and fully insured by Lloyd’s of London. Since every dollar of your savings is fully backed by gold bullion held in specialized vaults outside of Zurich, you could easily double your money as gold prices rise. And that means it’s a great way to protect your money from inflation, a falling dollar, geopolitical instability and even government stupidity! Go here for Schiff’s complete report.
By Bob Blandeburgo
Associate Editor
Money Morning
Prices for single-family and condominium homes in the second quarter fell by a record 15.6% and 19.8% year-over-year in the United States, mainly due to foreclosures.
While the data taken on a national average may be disheartening, the …
Associate Editor, bloomberg, Bob Blandeburgo, Economist, Harry Reid, IHS Global Insight;, Lloyd's of London, London, Market Commentary, Money Morning, Mortgage Bankers Association, National Association Of Realtors, Nevada, Obama administration, Patrick Newport;, Peter G. Schiff, president, Scott Anderson;, Senate Majority Leader, senior economist, the Las Vegas Sun, the Washington Post, United States, USD, Wells Fargo & Co., Year Euro Pacific Capital, zurich


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
