Let me give you a number.
90 to 1.
That's how many paper gold claims exist for every real ounce in COMEX vaults.
Ninety promises. One ounce of metal.
It's like a game of musical chairs. Except there are 90 players. And only 1 chair.
When the music stops, 89 people lose.
And the music IS stopping.
COMEX gold inventory dropped 25% last year alone. The gold is flowing East. Shanghai. Mumbai. Moscow.
On March 31st, contract holders can demand delivery. If too many show up at once...
You've seen what happens. They change the rules. They close markets. They ban buying.
Every time, paper holders got crushed. Mining stock holders made fortunes.
I've found the one stock at the center of this crisis.