As far as I understand what is going on in the economy and the living-together derived from it, I see the situation and future outlook like this:
There are two kinds of spending:
1) capital, which I define as money that was earnt by producing/delivering services to voluntary customers.
2) unbacked money, which I define as money that was created instead of earnt.
Too much of 2) caused the crisis since 2008.
Since 2008, the unbacked money spending continued, with the same trend/rate as before 2008 (as what the NET dollar monetary base shows, see the topic in my signature).
But a part of the population, concerned by the crisis, cut the spending of their 1) capital.
They started to save/increase reserves for the bleak-looking future.
In such a degree that it compensated for the continuation of unbacked money 2)
This explains why general prices didnt increase in extraordinary degrees.
This, makes clear the future.
In order to end the crisis and governments deficits build-up, the producing population part has to spend instead of save again.
But IF they spend, prices gonna rise.
The anticipated inflation wave will finally arrive, catching up with silver, raising its bottom price.
Even if all the debt got erased, because aside of continuation, it would facilitate even bigger government/parasite spending.
The current situation has no exit that is 'soft' for the parasites.
And that is why I swapped my savings to silver despite the already tripled price relative to 2008's panic bottom.
Selling in the hope to buy back in lower? Aside from my judgement that this as bad trading behaviour, I wouldnt do it.
Because the chance is high that you'll end up having given away your ahead position in the buying order. Just like those that sold in 2008. Even at $9. It wasn't a good idea then and the economical outlook is still the very same and a continuation of the trend to disaster.
In terms of economical value relative to other goods, thus purchasing power, silver may be a loss for some time.
But what alternatives are out there?
A bank account is a designed loss. Everything is bought up/frontrunned.
Silver is in macro economical terms a relatively small market.
There is alot potential for price increases.
Just look at how the price spikes up everytime.
Avoid buying in the ups.
And if you need to sell some, try to avoid selling in the downs. Keep some fiatmoney reserve. It buys you the time to wait/select.
Take that 'Rawdog', whoever it is, he says he sold. Try to see it in the bigger perspective. In order for his decision to end up WISE, it requires alot others to do the same AFTER him. He is now dependent on others willingness to sell at these prices. He gave away his position and requires now others to give up their positions.
Well, I try to be WISE too, and I don't.
