Wow21 Oct 2025 21:16
Gold just had its worst one day crash in 12 years.
Today, on October 21, 2025, it fell more than 6% in a single day.
That’s the biggest drop since 2013, when it crashed 9% and took 6 years to recover its old high.
This is nothing new and gold has done this many times before.
• In 1980 it crashed 65% and took 27 (!) years to recover.
• In 2008 it fell 30% and needed almost 1 year to come back.
• In 2013 it dropped 9% and took 6 years to recover.
• In 2020 it fell 20% and took 3.5 years to recover.
So, whenever gold dumps this hard from a record high, it’s not just profit taking but usually the start of a long, slow and painful correction.