The dollar is currently holding its own against many foreign currencies.
If you have a sum of money turning to mold because of the U.S. financial crisis, you might want to consider a Swiss Annuity or insurance policy. Investing in insurance in Switzerland does not require disclosure on your IRS tax return. At least, not yet.
Why might this be a viable investment? When the dollar starts to self-destruct, your Swiss Francs will buy more dollars when you start to withdraw your funds.
There are a number of companies, but there are two you must avoid: AIG and UBS.
You can even do a self-directed IRA (preferably Roth) and acquire an annuity. This would be done by your custodian. However, you might want to postpone creating another IRA of any sort until you know if Congress is going to tighten the screws on this kind of retirement account.
There is a link in Site Links for Swiss Annuities. The site is quite comprehensive, and it should provide the basics for acquiring a Swiss annuity.
If foreign currencies interest you, and having a savings account secured by the FDIC, then take a look at what Everbank is offering. Again, go to Site Links and click on Everbank. The interest rates go from zero to pathetic, but the purpose of an account is to take advantage of currency fluctuations. If you don't have the stomach for this, or if it's too complicated, don't do it.
