Your strategy is good, but if miner costs are so high, miners will probavly underperform bullion. Of course, they have already underperformed by a wide margin, so perhaps the worst is behind us.

Good luck with identifying the bottom of the POG. I have thought several times in the last 2 years that the bottom is in. Many alleged "experts" have said the same thing. In reality, no one can predict the bottom or when the big move will start. Timing is a crap shoot.

My biggest problem is I used most of my cash 20% higher, as I thought that was the bottom for gold. Once gold crosses $2000, we will all forget that we did not hit the exact bottom.

My advice to those that have cash is to buy some now and don't wait to identify the bottom. Don't spend all your cash, and buy more if the POG declines. It may sound crazy, but buy more once the price moves up (to about $1400.)