Why has gold plummeted so dramatically? Gold falling below $5000 isn't due to a problem with the gold market consensus; it's more like a fire at home, forcing institutions to sell off valuable assets to pay off debts. Consider the US stock market crash and bond market collapse—institutional margin accounts are flashing red. What's the most liquid asset they hold? Gold. So they're frantically cashing out to survive. This is a temporary liquidity crunch; once this bleeding stops, hard assets like gold and Bitcoin will be snapped up again.