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Stock impact report

1 Stock to Buy Now That Warren Buffett's Silver Prediction Has Come True [Yahoo! Finance]

First Majestic Silver Corp. Ordinary Shares (Canada) (AG) 
Last first majestic silver corp. ordinary shares (canada) earnings: 2/19 07:00 am Check Earnings Report
US:NYSE Investor Relations: firstmajestic.com/investors/stock-info
Company Research Source: Yahoo! Finance
Since then, the enormous gap between silver supply and demand has persisted. One mining firm stands out as the industry's closest thing to a pure play in silver. 10 stocks we like better than First Majestic Silver › 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. Buffett said that this couldn't last. He predicted that a new equilibrium would be established, either in the demand for s Show less Read more
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