Uranium Correction Provides Buying Opportunity
Source: resourceinvestor.com (8/27/07)
...we think James Dines is on to something when he suggests that a decline in the price of uranium reduces the potential dishoarding of more uranium from government stockpiles and as such is bullish for the uranium stocks.
We also agree with Dines in his view that uranium is uniquely poised at this particular time to weather a recession better than any other metal except for gold. Gold is real time-tested, market-proven money with intrinsic value, while paper money has been forced on the subjects of the American “crown.” Therefore, gold has been declared money by the markets, not by fiat or edict. When financial systems melt down or melt up, gold will be demanded as a medium of exchange once again by market participants, whether we head into a hyperinflation or an excruciating deflationary debt implosion. This is what separates gold from other metals, and even silver, in a deflationary collapse. Because of its nature, gold is money, while other metals are not, though silver is arguably also money, but not as good as gold.