Yes, that is one thing that bothers me too. I look at the political climate in Argentina, and I cringe. I've got some Minera, but I deliberately keep the holding very, very small. I just worry about the interventions that may take place at any time.

I have experience in my previous occupation working with and against thugs in Kazakhstan. They operate much like the Russians, and, I suspect, many Latin dictatorships.

I also like SilverCorp's fundamentals, but worry about the fact it's in China. If it were located somewhere safer, I would easily double my holdings of it.

Was relived to see Hecla exit Venezuela. The stock popped on the news, but of course is down today. The short position in Hecla is MASSIVE.

Heck, given the possible changes to US law, is ANYWHERE safe?!? JP needs to talk some more about these countries and why he considers them safe. He talks about mining culture, but a government desperately short of easy oil money is going to start looking at other sectors to milk. And, let's face it, governments sometimes do kill the golden goose.

And it's almost unbelievable that Argentina did not learn the lessons of inflations past. The Germans and French apparently have - why not Argentina? There are so many great prospects in Argentina. I would love to invest more aggressively there as well, but fear the culture of government's confiscatory policies.

Does anyone have any thoughts about Peru? I have some Bear Creek, but am reluctant to purchase more.