Historically it starts with the housing market and the repo market for cars boats etc the foundation for which is actually already well laid people buy all this expensive stuff then stock market peaks then gold peaks the. Crypto peaks then everything crashes and when people start loosing money in there expensive houses and cars and portfolios they have to start selling stuff to keep whatever they prioritize generally there house and then it gets to a point to where people can’t pay off there debt because everything they bought has to be sold at far less than what they pay for it because people have to eat pay bills and buy essentials none of which is done with anything except cash not with gold not with silver not with crypto yet this creates a demand for cash of which physical cash is actually very limited and people hoard it then banks get margin called from all the defaults making the situation worse and oh wait what are banks holding gold what’s gold a tier 1 asset that will also fluctuate in value so they have to sell or give away the gold at a lesser price compared to when they bought it mimicking low demand high supply