1 Stock to Buy Now That Warren Buffett's Silver Prediction Has Come True

In 2023 at a Berkshire Hathaway shareholder conference, someone asked Warren Buffett how he could know when silver, an asset that pays no yield, is a worthy investment.His reply had nothing to do with technical analysis, inflation, or any complex formulas. Instead, it came down to arithmetic.Buffett estimated that the world was consuming perhaps 150 million more ounces of silver a year then it produced, a trend that had persisted for a few years. For most commodities, that imbalance would have caused prices to soar. But for silver, one simple anomaly -- a massive above-ground inventory -- was being used to cover the production shortfall.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool