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To: ild who wrote (264756)	10/26/2003 6:20:42 PM
From: Tommaso	Respond to of 436258

>>>US citizens are not even slightly concerned with USD and are not buying gold.<<<< That did change once before. This time it may stay changed. I think inflation is already well-established, except for food and clothing and computers (and other electronic toys). Try paying your own medical bills, sending a child to college, adding a bathroom to your house, buying a Sunday New York Times, getting a car repaired, buying a cup of coffee. When a bottle of a fair Cotes du Rhone costs $25 instead of $10, when a pair of good shoes is $150 instead of $75, when a whole chicken is $2.00 a pound instead of 75 cents, when milk is $5.00 a gallon, when gasoline in the U.S. is also $5.00 a gallon, some people may start to wake up. And eventually it may sink in that the problem is a value of the dollar, not the cost of what it will buy. And enough people will buy gold to send it up to the point that gold producers pull out all the stops to increase production. As Keynes said so many years ago, not one person in a thousand understands how governments create inflation. Most just look at the results and symptoms.