Time to buy gold?

[kgill]

Time to buy gold
Hi as gold is come down to $722 (Rs 11500) from $1000 and world economy is worsening we may see gold bounce back to $900 so what you think is this a good level to enter or wait?

[Xaylok]

Very question on my mind. I know everyone says just buy, and I have a feeling that I missed an opportunity at around 700ish. That being said, I feel like more bad news is coming for the markets ( massive credit card losses, etc.) causing much more big sell offs. I can foresee gold going down again.