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Double your money in 4.6 years -- invest in Iceland. Iceland's central bank just lowered interest rates to 15.5% from 17%. Using the rule of 72's (which says that if you take the number 72 and divide it by the interest rate, it will tell you how many years it takes to double your money), it will take 4.6 years to double your money. So $100,000 becomes $200,000 in 4.6 years.
Iceland received a $10 billion bailout last year from the International Monetary Fund on the condition that it would raise interest rates to stabilize the country. Iceland's government also imposed policies to control local currency sales and capital flight, forcing Iceland exporters to repatriate foreign currency.
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