I use a pair of the REI Novara folding shopping panniers. They have a metal frame inside cordura cloth open top panniers. The bottoms are sheet plastic with a drain hole. Each can hold a full paper grocery bag and no noise from them when either folded or unfolded. They do cost more than the Wald baskets but are quickly attachable and removable from my Topeak rack which I prefer.
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Gear Hubs Owned: Rohloff disc brake, SRAM iM9 disc brake, SRAM P5 freewheel, Sachs Torpedo 3 speed freewheel, NuVinci CVT, Shimano Alfine SG S-501, Sturmey Archer S5-2 Alloy. Other: 83 Colnago Super Record, Univega Via De Oro
Visit and join the Yahoo Geared Hub Bikes group for support and links.
http://groups.yahoo.com/group/Geared_hub_bikes/