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chosen Panama for my project a long time ago. The US
Dollar, being used as currency, was one of may major reasons for that
decision. I do have investestments in precious metals, however, I
believe in a deflationary
scenario in the long run. In such a case, US dollars and land are the
best assets to hold. If 2008 is being repeated on a much higher
scale, the currencies of Brazil, Argentina and Mexico will suffer
extremely. Of course, the currencies of smaller countries like Uruguay
and others would not be spared.
The canal and the proximity to the USA have never been important to me, since I don't believe that there is going to be a war on the American continent; Russia or China would not be able to afford that. Apart from that, the US would never tolerate turmoil in their own backyard.
There are other arguments in favor of Panama which I have explained in other parts of this website. The best thing, however, is to come and have a look. Everytime is the best season to visit.