When China relaxes the peg that ties its currency to the US dollar, a lot of pent-up appreciation will be unleashed. If you're an investor, it'd be wise to make a move soon.

From the perspective of the global economy, there's a whole lot that's wrong with China's refusal to let its currency appreciate against the U.S. dollar:

But if you're an individual investor looking to put money to work, the dollar-renminbi peg is a gift. And you'd better put it to work for you now, because it won't be here forever. (For my take on how long the peg will last, see my Jubak Picks blog post.)

Pros and cons of investing in currencies

Are you ready for the final straw? The currencies of many of these countries are much stronger against the dollar than they were at the beginning of...