via Retire Happy - GICs
The following article discusses GICs. They say that nobody wants a 5% return GIC, they want a 12% GIC.
Before the banking sector failed in Cypress, and bank accounts were confiscated, including those invested in guaranteed investments, rates were only 6% invested mosly in Greek bonds.
Food for thought:
http://retirehappy.ca/guaranteed-investment-certificates-shop/
A gold mine can do a darn sight better because they are made to provide a return for investors.
http://retirehappy.ca/guaranteed-investment-certificates-shop/
-F6