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Hey everyone. You all know I'm into gold. I also follow uranium as a hobby. I do not invest in uranium because it means buying "paper" and I don't believe in owning something I can't touch. Still for those of you who are looking to invest uranium is a great bet right now. I've said that it's one of the only other commodities other than gold that anyone should consider buying. Here's the score.
Since January 2009 the following uranium mining stocks have increased in value by this much:
Mega Uranium: 436%
Rockgate Cap: 385%
Pinetree Cap: 377%
Titan Uranium: 345%
Cont'l Prec Min: 198%
Paladin Energy: 175%
Tournigan Gold: 94%
For anyone into stocks these would be massive returns in value. Most of these stocks are currently hovering at about $2.00 Canadian in value today. Some of these stocks have historic highs of about $7.00 Canadian. This means that there's a good triple in value coming if the world energy crisis continues. Of course oil will continue to run out so nuclear energy is a no brainer.
The Russian warhead stockpile is being depleted rapidly and it represents a large amount of the uranium needed to keep existing reactors running. China, Japan, Germany, and the U.K. have many reactors coming online in the next ten years. Utilities need to secure uranium in advance of the on line date of their plants regardless of economic conditions.
China has already made a move buying uranium "in the ground" before it is even mined. It has done this with deposits in Australia.
The U.S. lags behind the rest of the world in nuclear plant building. The largest supplies of uranium are in Canada, Eastern Europe, and Australia. There's also a bit in Africa.
Buy now while the buying is good. The stock values are still depressed as a result of broad market activity so now is a great time.
Since January 2009 the following uranium mining stocks have increased in value by this much:
Mega Uranium: 436%
Rockgate Cap: 385%
Pinetree Cap: 377%
Titan Uranium: 345%
Cont'l Prec Min: 198%
Paladin Energy: 175%
Tournigan Gold: 94%
For anyone into stocks these would be massive returns in value. Most of these stocks are currently hovering at about $2.00 Canadian in value today. Some of these stocks have historic highs of about $7.00 Canadian. This means that there's a good triple in value coming if the world energy crisis continues. Of course oil will continue to run out so nuclear energy is a no brainer.
The Russian warhead stockpile is being depleted rapidly and it represents a large amount of the uranium needed to keep existing reactors running. China, Japan, Germany, and the U.K. have many reactors coming online in the next ten years. Utilities need to secure uranium in advance of the on line date of their plants regardless of economic conditions.
China has already made a move buying uranium "in the ground" before it is even mined. It has done this with deposits in Australia.
The U.S. lags behind the rest of the world in nuclear plant building. The largest supplies of uranium are in Canada, Eastern Europe, and Australia. There's also a bit in Africa.
Buy now while the buying is good. The stock values are still depressed as a result of broad market activity so now is a great time.