brasso wrote:I'd love to invest in Uranium if I could figure out how!
There seems to be no easy way to invest in it as a commodity, and the only uranium miner I could find on the stock exchange was a small exploration company!
If you have access to Canadian stocks you can invest in 'Uranium Participation Corp' ticker 'U' on the TSE they are a company which buys and holds a stock of Uranium so their market value is derived from the value of their holdings. I would say they are currently trading above the NAV and so be careful jumping into it too quickly
Another route would be to buy stocks in uranium producers. Cameco is the most well known (CCJ on the NYSE and CCO on TSE) but with them having problems at their cigar lake project I would look at a company like Denison Mines (DML on the TSE). Excellent mid tier company.
As with all these do your own due diligence!! I have owned all 3 in the past and now only own DML.
"All over the place, from the popular culture to the propaganda system, there is constant pressure to make people feel that they are helpless, that the only role they can have is to ratify decisions and to consume." - Noam Chomsky
brasso wrote:I'd love to invest in Uranium if I could figure out how!
There seems to be no easy way to invest in it as a commodity, and the only uranium miner I could find on the stock exchange was a small exploration company!
Forget uranium, stocks, bonds, razor blades, etc.
In the final analysis, the only commodity worth holding (as history has repeatedly shown) will be physical gold. Take a look at the following graph:
As oil prices continue to rise and the US begins to unleash the 'dogs of war' again, physical gold will double or triple its' current value within a year. Skills, a food stock and a water supply will also become increasingly important.
Uranium is deeply immoral in my book. Even more immoral than gold (which is a real bitch). Wont touch either of them. Maybe an engagement ring in gold, but it will be recycled old family gold in that case.
MacG wrote:Uranium is deeply immoral in my book. Even more immoral than gold (which is a real bitch). Wont touch either of them. Maybe an engagement ring in gold, but it will be recycled old family gold in that case.
I take your point Mac. I just hope your principles remain as strong when TSHTF.
MacG wrote:Uranium is deeply immoral in my book. Even more immoral than gold (which is a real bitch). Wont touch either of them. Maybe an engagement ring in gold, but it will be recycled old family gold in that case.
I take your point Mac. I just hope your principles remain as strong when TSHTF.
Can't imagine a reason to own gold even then. I'll stick with firewood, some sheep and good friends and my love of life. Don't even mention uranium! What would I use it for? Poison the neighbors? Poison the sheep? Why? The sheep give wool, milk and meat. A couple of small pieces of iron in axes, knifes and saws will be helpful, but uranium?
I agree with your principles on uranium and admire your principles with gold - however almost all metals have horrendous environmental effects, as do fishing, rearing meat, growing crops, mining coal, refining oil etc. etc. Everything is on such a large scale now that there's very little you can do that isn't bad, without side-stepping 'normal' society.
History is a great describer of the past - it's only any help with the future if the future is similar to the past.
Unfortunately the human propensity for greed and hoarding of wealth or anything to give advantage over others can be predicted.
MacG said
Uranium is deeply immoral in my book. Even more immoral than gold (which is a real bitch). Wont touch either of them.
What's your position on silver, platinum and copper? How do these metals differ?
Silver have some really powerful antibacterial properties, and it could be good to have some grams around, but otherwise "noble" metals are deeply immoral. Heard about "cyanide leaching"? Seen what the practice can do to a landscape? Could you look your grandchildren in their eyes and tell them that you took active part in "noble" metal mining and refining? Leaving the scorched end poisoned earth to them to take care of? To what ends? To maintain a meme? "Gold has always kept it's value." What value?
grinu wrote:I agree with your principles on uranium and admire your principles with gold - however almost all metals have horrendous environmental effects, as do fishing, rearing meat, growing crops, mining coal, refining oil etc. etc. Everything is on such a large scale now that there's very little you can do that isn't bad, without side-stepping 'normal' society.
Well, at least you can eat fish and meat. Why mine and stash gold? Can you eat it?
As much as there is a coming recession does anyone really think we're about to go back to the dark ages? Even peak oil on top of peak gas on top of the current bubbles bursting on top of the US invading Iran is not going to bring that about.
And if it did a currency would still be needed and it's more likely to be gold than anything else. And I don't mean within local communities where some plumbing might be more useful.
biffvernon wrote:The Zimbabwean with gold under her mattress has the opportunity to buy food because the rest of the world is still rich enough to want the gold.
Gold loses its utility when there is a global collapse of economy not a local collapse.
I expect "the rest of the world" will always be rich enough to want gold... always has been, most likely always will be.
I'm with Ian... and even if we did go back to the dark ages, wasn't gold valuable even then?
