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To: QwikSand who wrote (51894)	9/26/2002 5:39:56 PM
From: Lizzie Tudor	Respond to of 64865

the U.S. Dollar will lose 20% plus of its value from where it is today, gold prices will escalate higher Ken: Not that I think you have the slightest clue what you're talking about<GGGG>, but... this means you're expecting inflation rather than deflation? Thanks for pointing that out. L

To: QwikSand who wrote (51894)	9/26/2002 6:18:21 PM
From: sea_biscuit	Read Replies (2) \| Respond to of 64865

I don't think that escalating gold prices in and of itself implies inflation. A lack of trust in the financial institutions can cause gold prices to rise even in a deflation. In such a case, gold becomes a hedge not against inflation but against uncertainty. I'm certainly not a gold bug. So please don't use that cop-out route if you want to post a rejoinder.