(Bloomberg) -- It has been quite the ride for gold: from under $500 an ounce decade ago, to above $1,900 in 2011, gold gained more than 400%. Since its peak of ~$1,921.15 on Sept. 6, 2011, however, the shine is off the yellow metal. Gold plummeted 38%, recently breaking below $1,200. Yesterday’s close is within 5% of the lows, at $1,241.
If a 20% drop is described as a bear market, and a 30% fall is called a crash -- what do we call gold’s nearly 40% plummet?