And chances are it will be the same country that Buffett just bet on: Canada.
Buffett wasn't betting on discovery though, instead, he was betting on dividends. But dividends are for small, steady returns over a long period of time.
But for investors looking for big returns, small-cap miners are where the risk-reward potential gets interesting. Especially when it's a small-cap miner like Starr Peak Exploration that was prescient enough to place itself right next to a huge gold discovery - before it happened.
And now the company is doubling down with major new acquisitions in the heart of one of the friendliest mining regions in the world. The smart money is already circling the stock, with Starr Peak's shares on a tear, gaining over 900% in 12 months.
Even Buffett Believes The Time Is Right For Canadian Gold
Buffett broke with his long-held negative stance on gold on August 17th when his Berkshire Hathaway disclosed a massive stake in Canadian Barrick Gold (NYSE:GOLD) at a time when gold is soaring.
Berkshire Hathaway bought more than $560 million in Barrick Gold shares.
Buffett has always called gold useless for the most part.