The payment in dollars protects the investor against devaluation of the foreign currency. The loans also carry local bank guarantees, and if the bank is sound the guarantee means something. These are some of the rates obtainable in mid-1961: This type loan can be secured through international banks with branches in the United States, from American banks with foreign branches and through private investment organizations which will be listed later. The only difficulty is that such investment opportunities are available in sums generally not lower than $10,000, and the person with $2,000 to invest finds this source in most cases closed to him. The most obvious places to invest abroad are those nearest home”Canada and Mexico. It is probably sounder to deal with Canada.

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