Post by alender on Oct 25, 2023 20:07:22 GMT
I have been buying some gold but also Uranium by buying shares in Yellow Cake (YCA). For a little while up until the Israel situation gold was more of a play on the Cable rate. However I took small punt on Uranium 2 years ago when Yellow Cake had a share offer and it has gone up 2.2 times, much better than gold so has been getting my interest.
Recently I decided to increase my holdings because of the Niger situation cutting off a lot of Europe’s Uranium supplies and also there is a deficit in supply compared to demand which is only predicted to get worse. There are a number of articles on this but this one explains it well.
pracap.com/the-bigger-short/
For a few months now after the Niger situation it has been going up well but with a recent consolidation although started to rise again.
The only way I can find to buy uranium except buying miners is YCA as I can’t buy Sprott in my ISA or SIPP but YCA has no stamp duty and a small spread, it usually trades from a 5% discount to a small premium but like most shares in the UK is struggling so at an 11% discount but still doing well.
Anyone else been looking at this and if so what do you think?
Recently I decided to increase my holdings because of the Niger situation cutting off a lot of Europe’s Uranium supplies and also there is a deficit in supply compared to demand which is only predicted to get worse. There are a number of articles on this but this one explains it well.
pracap.com/the-bigger-short/
For a few months now after the Niger situation it has been going up well but with a recent consolidation although started to rise again.
The only way I can find to buy uranium except buying miners is YCA as I can’t buy Sprott in my ISA or SIPP but YCA has no stamp duty and a small spread, it usually trades from a 5% discount to a small premium but like most shares in the UK is struggling so at an 11% discount but still doing well.
Anyone else been looking at this and if so what do you think?