When someone like Barnhardt, who heretofore was a thoroughly orthodox inside broker/trader of paper, starts screaming to get out of paper and buy physical, you know it is late in the day. You can be sure she made this call with great deliberation, knowing that she would be ostracized as a kook and alarmist by her peers. Funny though, she has gotten virtually no flack in the press - they are not laughing at her. In fact, there has been an eery silence in the aftermath of her jetissoning from the mainstream investment class.