Having run an engineering company in Brazil for the last 7 years I do feel that Brazil is politically stable. One only needs to watch the unimpaired run of Yamana. The downside from a mining prospective is the strengthening currency.

Even though I hold investments in mexican and canadian mining companies I do worry what the respective goverments will do to the mining taxes in future. If this worldwide hyperinflationary depression does happen the mining companies will be some of the only companies with stella cashflows. This may become too tempting for governments to resist a grab at this cash via taxes. At the end of the day is there really a difference between a government that takes posession of the mine and another that takes posession of the profits via taxes. The canadians have already shown they are tax trigger happy with their proposals to increase the taxes on the energy royalty trusts.

Does anyone else worry that our so called politically safe countries may grab the gold via taxes?

Golden kiwi.