What if precious metal reserves are significantly larger than official figures suggest? The real constraint isn't supply—it's information asymmetry. Once the truth surfaces, the market reprices instantly. Think about it: if major reserves revealed substantial undisclosed holdings, the psychological shock alone would tank valuations hard. This mirrors crypto dynamics perfectly. Asset prices don't just reflect fundamentals; they reflect *what the market believes about* those fundamentals. Hidden supply is leverage on both sides—for bulls before disclosure, against them after. The bigger the gap between actual and perceived reserves, the sharper the correction.