I believe the smartest way for investors to handle gold is by Dollar Cost Averaging or DCA. With prices swinging wildly, recovering to near USD 4,500/Oz on March 28 after a sharp plunge from January's high of USD 5,600 - trying to time the perfect entry is a losing game.
DCA allows investors to buy more when Gold drops & less when it spikes, averaging out our cost over time.
DCA also removes emotional whiplash & replacing panic with discipline in investing.
While short term prices are swinging wildly, the Big Money hasn't left.Central banks are still projected to buy 850 tonnes of gold this year as they diversify away from the US Dollar.
DCA allows us to build our position without the stress of the daily movement.
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