yaffle

I may well end up employing a similar strategy 😂

I would wait for a positive move up now. Looks like it could go a lot lower. 
Buying on the way down is an option, but I would rather buy on the way up as the cycles can take months and even years. 
Im reasonably new to this to dont take what I say too seriously.

I bought three SOV's  based on the Chinese New year & incase it rebounded, but not so certain now. 

There seem to be many factors at play, which are affecting things. We need negative interest, crypto crash and USA lockdown or another event really, but I am getting used to the time frames that gold has as it takes its time compared to other assets and stocks.

Seeing gold as a hedge/back up currency is the best way too view it, so cost averaging regularly is key over 10-20 years. I like to think of how much it is worth in somewhere like Venezuela right now compared to what Im paying. Im certain I will be paying £200 a SOV at some point in the next 50 years (excelling inflation & illegal confiscations LOL). 

Obviously buy more when its cheaper, which is what Im doing now. If it goes to £1000 great, i will continue. Sell gold when it reaches a peak and buy it cheaper on the pull backs & dips. Especially the case with silver and perhaps Platinum, which leads a downturn.