Gold : Starting to accumulate

The levels marked in the chart are the 2 levels I'm interested in, to accumulate Gold as ETF units. At the current level, I'll be buying Goldbees for about 5% of my total capital.

I'll be buying 5% more, if the price crashes further and reach the second buying levels marked in the chart.

I'm considering gold as a hedge against my equity portfolio, if in case a meltdown happen across the broader equity market. I'm not in favour of the current valuation of US as well as Indian Market and hence a major crash is not going to surprise me in any manner.

The reason I'm interested in Silver is also due to this very same aspect.