Sanakoev Letter 5
Hi Fellow Steemians,
I haven't been buying crypto lately (i'm an early investor, so everything looks expensive right now). Instead, I have bought uranium miners, i.e. the Global X Uranium ETF (ticker: URA).
This basket of uranium miners was worth 110 USD in early 2011, then the Fukushima earthquake hit and the price dropped down to 13 USD. Sentiment is extremely bearish, see the interview with Rick Rule (a well-known commodity investor):
Marin Katusa highlights the role of uranium in the USA-Russia relations:
https://katusaresearch.com/prepare-profit-series-part-3-huge-part-russiatrump-story-nobody-talking/
A lot of uranium is produced under the spot price, so this situation cannot last. Either the price goes up, or production will decrease even more. This is a dream to invest in, as far as I am concerned. Invest what you can afford to lose, although it feels prices are really rock-bottom in this sector.
Happy investing,
Sanakoev
Where can a normie like myself buy these stocks?
You could ask your bank, but it will likely be more costly than opening a brokerage account and purchasing there. Interactive Brokers, Scottrade are some names that come to mind (for US citizens). The URA ETF is listen on NYSE Arca (New York Stock Exchange), so it shouldn't be too hard to find it using random brokers and banks. You could also use the ISIN code of the URA ETF to find it on your online bank/broker account, it is US37954Y8710.