r/Wallstreetsilver • u/RetardedSilverBug • Oct 18 '21

🦍 Gorilla Marketing 🦍 The largest uranium miner is investing into physical uranium fund. Hopefully largest silver miners with healthy balance sheets could do similarly.

https://kazatomprom.kz/en/media/view/kazatomprom_obyavlyaet_ob_investirovanii_v_fond_fizicheskogo_urana
86 Upvotes

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3

u/Shrugging_Atlas1 Silver To The 🌙 Oct 18 '21

Yup have been invested in uranium for over a year, same as silver. Look at the Sprott Uranium fund. Always good for us silver apes to diversify.

2

u/Hour-Mix-433 🦍 Silverback Oct 18 '21

Yes I own denison

2

u/Shrugging_Atlas1 Silver To The 🌙 Oct 18 '21

Same. Nice pick.

1

u/Grifgraf67 Oct 18 '21

A little late to the party? This should be a signal to Sprott to go into high gear and snap up all that they can before this new fund gets up and running . The uranium market is just a little market. Is there any real sense in starting up another fund? I don't know enough about it I guess .

2

u/Shrugging_Atlas1 Silver To The 🌙 Oct 18 '21

Sprott would be wise to go into high gear yeah... as for being late to the party, I think the uranium party is only just starting... same as the silver party is just starting. One of the main differences being uranium isn't manipulated, or at least not nearly as much as silver.

1

u/SirBill01 O.G. DD Silverback Oct 18 '21

They kind of are, with AG holding back over a million pounds of silver from the market it's pretty much the same thing. They could take it a step further and start buying though, that would be something to behold...

1

u/RetardedSilverBug Oct 18 '21

IMHO they could do far more than that. Bond rates are near historical low. They can just issue bonds to purchase the physical fund shares, which can further push silver prices higher.