If you live outside of the States, aren't you already boycotting US clouds because of the latency? I think I only use Tarsnap for any remotely sensitive data.
Otherwise, I keep it as close to home as possible. It's a pain to use a VPS in America for example. Even with Mosh.
Here in Denmark, use of Google services is extremely common, even in companies and universities. Lots of people are slowly migrating everything to Google Docs and Gmail, latency notwithstanding. There is some worry that this is de-facto watering down rules around things like privacy of student data, since that data is now ending up on services that don't implement European data-protection rules.
Gmail was disqualified from the bidding to provide a hosted email solution for the university I work at, for that reason, but Google services are nonetheless pretty widely used by individuals, even for official purposes. The contract eventually went to Microsoft's Office 365, which claims to comply with EU data-protection best practices (I believe the servers are also physically hosted in Europe): http://office.microsoft.com/en-us/business/office-365-trust-...
I would guess that the promise is not particularly solid if the U.S. government wants to siphon off data from Microsoft, though. In practice I think it does provide some protection, but mostly against commercial use of the data: Microsoft has contractually agreed to certain rules about data-mining and data-sharing that Google hasn't.
Otherwise, I keep it as close to home as possible. It's a pain to use a VPS in America for example. Even with Mosh.