Government bonds

sassycypgirl


Joined: 26/08/2008
Posts: 99

Message Posted:
10/02/2009 18:56

With the talk of lower interest rates I note that some company

is advertising Government Bonds as an alternative



Anybody got any information good or bad on these



Sassy

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/02/2009 20:40

Are you referring to Turkish Government Bonds?

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
10/02/2009 20:43

Yes I saw this ad in Cyprus Today. The company is FMA offering Turkish Lira Bonds and Turkish Lira Government Bonds offering up to 20% interest and are 100% guaranteed (according to the ad).

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
10/02/2009 21:35

re message 3



remember the saying, "if it sounds too good to be true it usually is"



I would exercise extreme caution.

andre 514


Joined: 31/03/2008
Posts: 1163

Message Posted:
10/02/2009 22:31

sue,



know a bloke who gets 20% on his savings which gives him a good income



however because inflation in north cypus was so high last year, prices up 17%

it is not quite the bargain it seems

because if you take all the interest as income, the real value of your capital

could easily halve in thee years



and those punters living "inside" the eurozone will have seen the local value

of sterling cash fall sharply the last few months due to the weak pound



not very cheerful I'm afraid!



andre

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
11/02/2009 18:41

Not so long ago FMA was announcing in it's ad's to go anywhere but Turkish Lira with your money. They've obviously changed their minds!!!!