Scoobie

John: The cardinal rule in any business transaction is "NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. Given your current situation, and no one knows when it will revalue and at what price, my recommendation would be to invest extremely conservatively. If I were in yoour shoes, I definitely would NOT be investing all the funds in my pocket in the ONE basket. Remember to plan for emergencies. An investment is only as good as its return, and right now, that is an UNKNOWN. Good luck

Has any one bought Chinese currency - if so where, and how much?

It's great to have a friend at the IRS. May I suggest that you ask him/her what rate of tax is one expected to pay on the profits from the reval. I have heard 15% and from another source 35%, depending on the length of time it is held. Also, if you can find out where in the tax code to look, then we could all go there and try to decipher. Thanks so very much.