Bullion Club Research · Volume II
Three of gold's
Three of gold's
biggest rallies began
with a 25% fall.
Five 25%+ falls in gold during a global crisis since 1970. Three started major rallies. One didn't, and the policy reason matters. The fifth is in progress now.
Inside the briefing
- iThe five 25%+ drawdowns since 1970, with the actual peaks, troughs, and recoveries.
- iiThe 2008 parallel: from $712 to $1,920 in 2.9 years.
- iiiThe exception, 1980 to 1985, and the one feature that made the pattern break.
- ivWhere the 2026 drawdown sits, and what the policy backdrop is doing.
- vThree things to take from the record before your next portfolio review.
