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<p>[QUOTE=&quot;Rono, post: 1659267, member: 6492&quot;]Hi Juan,</p><p><br /></p><p>You&#039;re correct that all you need is one or two offshore accts.&nbsp; However, it&#039;s still a lot harder to play this trade on a regular basis unless you devote an ungodly amount of time and energy and most folks aren&#039;t willing to put forth the effort.&nbsp;&nbsp; Besides, these days, our gov&#039;t wants records on everything.&nbsp; This isn&#039;t terrible if you&#039;re simply diversifying your wealth into other countries.&nbsp; Just report it and be done.&nbsp; This is where I can still see a use for an offshore account.&nbsp; Had a friend from another board, that opened a swiss account and bought bullion through it for storage in his SDB at that bank.&nbsp; It was his &#039;over there&#039; stash, if you will. </p><p><br /></p><p>Playing the currency arb is a different kettle of fish.&nbsp; Other than ETF holdings in retirement accounts, I&#039;ve never played the currencies.&nbsp; Where I used to have fun is with the market closing dateline arbitrage using mutual funds.&nbsp; That was a gas before they started using estimated NAVs.&nbsp; If we had a drastic&nbsp; move in our market after asia and/or europe closed, you could buy a mutual fund with stale pricing knowing that you had a lock gain.&nbsp; </p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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