I'll buy. Cost averaging. You buy when it goes lower, to cost average what you bought at a higher price. Buy on the dips. When it turns around (eventually) and the price goes higher, you sell some at a price that is higher than your cost average figure. Those profits negate the higher priced gold you previously bought. Buy low, sell high. Others buying on emotion buy when the prices are skyrocketing and lose on the burst of a bubble. Right now, gold is going down, might even go below $1200. But it still makes sense to buy as it goes low, to cost average your assets.
Well done roadcat, cost averaging is an excellent plan, my target price is around $1250, and I will continue to buy all the way down to gold’s new base.