Gold just broke below the $5000 mark, and this might be the most expensive collective exit I have ever seen in my life. Everyone thinks gold is the safest haven, but last night it told us with a $3.5 trillion evaporation: when liquidity contracts, no asset is absolutely safe. This number is equivalent to the GDP of France, or in other words, all the wealth of the top ten global billionaires combined is not enough to fill this one night's deficit. Even the highly volatile $BTC , when combined, only accounts for enough to make it drop twice. When gold begins to experience a sudden plunge, it indicates that the traditional asset pricing logic is undergoing a restructuring. We should consider where the massive funds fleeing from gold will flow next.