Everybody is a little on edge wondering about the stability of "their" bank. Colorado Federal Savings Bank of Greenwood Village, Colorado was on the top of a list of banks expected to fail. The way this was determined was called the "Texas Ratio." Federal Savings Bank's "Texas-Ratio" was 244.8. Any bank with a ratio over 100 is expected to fail.

The way the "Texas-ratio" is figured is you take a bank's non-performing loans, divide them by tangible equity capital and money set aside for loan losses, banks with a ratio above 100 percent are likely to fail -- at least that's the way it played out in Texas in the 1980s and New England in the early '90s. The FDIC is expecting over 300 banks to fail before this is over. Get ready.

This past Friday (7/25/08) two more banks bit the dust. First National Bank of Nevada, Reno, Nevada, with approximately $3.4 billion in assets was closed. First Heritage Bank N.A., Newport Beach, California, with approximately $254 million in assets was closed. Save your savings! Gold and silver have been used as a store of wealth for over 5,000 years and has NEVER FILED BANKRUPTCY!

Gold has gone up over 40%, Silver is up over to 50% in the last 52 weeks while all the major mutual funds are posting losses. Trade your losers for a winner! You may rollover IRA, SEP, and 401K accounts into precious metals as well as take them home with you.

If you are interested in learning about diversifying your portfolio with precious metals call Tamara 303-771-5825 at Golden IRA's & Investments, Inc. in Denver, Colorado. I love to educate others about protecting their accumulated wealth. You may also visit www.goldeniras.com to learn more.