Using SPDR Gold Shares (GLD) as reference to Gold price.

In 2008, Gold shares peak at $98 on 3 Sep 2008.

On 15 Sep 2008, Lehman Brothers collapse.

And in the next one month, Gold shares plunged to 2008 low at $71 on 26 Oct 2008.

This is more than 30% drop within 1-2 month.

Then come the cutting of interest rate and the Quantitative Easing (QE).

Thereafter Gold share price never look back for the next more than 2 years.

It rallied 250% up to Aug 2011 peaking at $183.

3 Sep 2008 - $98

26 Oct 2008 - $71 (~30% drop)

28 Aug 2011 - $183 (>250% rise)

22 Nov 2015 - $101 (80% drop)

3 Jan 2020 - $157 (>50% rise)

Sources: Yahoo finance.

Silver using iShares Silver chart as reference, is even more crazy, rallying from below $10 to $>46 on Apr 2011. That is a whopping >450% rise!

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