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To: Secret_Agent_Man who wrote (173058)	6/16/2002 12:04:14 AM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

The Point of No Return Today we have reached the point of no return. Either outcome (inflation or deflation) will now be the result. Confidence is waning and the preference for alternative money is growing. It should be pointed out that once confidence is lost, it is unlikely to return. When people no longer trust a fiat currency or they think there is a major risk to holding paper, they resort to real money or the money of last resort, which is silver and gold. This is exactly what is going on now in Latin America, Japan, throughout all of Asia, the Middle East and in Europe. All currencies have been depreciating. Up until recently, it has simply become a game of landing on the paper that depreciates the least. However, in many parts of the world, investors are changing their preference from paper to gold and silver. Gold and silver have broken out from underneath their decades-long bear market as shown in the graphs below. Since the summer of 2001, the rise in gold and silver equities has signaled the coming rise in bullion prices. These graphs of the HUI and the XAU stand in sharp contrast to declining equity markets worldwide. financialsense.com