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#uranium is consumed each year, while #gold is stored in more &more bars,coins & jewellery since centuries.
=Gold stockpile has been growing since centuries,while the uranium stockpile has been decreasing since early 2018 and reached critical low levels now
(1/8)
#commodities
=Gold stockpile has been growing since centuries,while the uranium stockpile has been decreasing since early 2018 and reached critical low levels now
(1/8)
#commodities
https://twitter.com/numerco/status/1663501796101292032
#gold is for protection against value loss of fiat money.
So are all hard assets in LT, with that difference that other hard assets have a use / are consumed in society, while gold not really.
#oil, #uranium…need replacement bc they are consumed,gold not.
(2/8)
#commodities
So are all hard assets in LT, with that difference that other hard assets have a use / are consumed in society, while gold not really.
#oil, #uranium…need replacement bc they are consumed,gold not.
(2/8)
#commodities
Think about it.
#oil, #uranium are used to create energy for💡,heating,transport,industry,… & when it has been used, you need to replace it with new oil & uranium (also see comment about difference between oil & uranium)
#gold on the other hand…(next post)
(3/8)
#commodities
#oil, #uranium are used to create energy for💡,heating,transport,industry,… & when it has been used, you need to replace it with new oil & uranium (also see comment about difference between oil & uranium)
#gold on the other hand…(next post)
(3/8)
#commodities
https://twitter.com/napalm_1_/status/1597206146687045637
#gold is used to put in your vault, to wear around your neck & fingers…
And when you need to buy something useful (food, own🏠🚗,…)you can sell your gold to someone else without it being consumed.
+With interest rates not being negative anymore for banks👇
(4/8)
#commodities
And when you need to buy something useful (food, own🏠🚗,…)you can sell your gold to someone else without it being consumed.
+With interest rates not being negative anymore for banks👇
(4/8)
#commodities
https://twitter.com/napalm_1_/status/1598820962052411392
Today we know that much more ☢️power will be online in future then we thought 3years ago. Everyone,even #uranium producers,have been surprised by many U-turns in favor of ☢️power (South Korea,🇯🇵,🇺🇸,🇬🇧,🇸🇪,🇫🇷,🇳🇱,…)+Acceleration of ☢️power build out in🇨🇳🇮🇳🇹🇷
(5/8)
#commodities
(5/8)
#commodities
https://twitter.com/quakes99/status/1638836339096580097
War in🇺🇦created enrichment problem for western utilities (not resolved with end of war),which made underfeeding disappear &will eventually lead to overfeeding (=More #uranium needed for production of 1 Enriched Uranium product)=Unexpected much⬆️uranium demand
(6/8)
#commodities
(6/8)
#commodities
https://twitter.com/quakes99/status/1614767315693830146
But based on the global uranium production cost curve and the known annual global uranium consumption in the coming years,we know that an #uranium price of 60USD/lb isn’t enough to make a profit with many of the NEEDED higher prod cost uranium mines/projects
(7/8)
#commodities
(7/8)
#commodities
https://twitter.com/quakes99/status/1613577171381129216
While for reactor operator it’s more expensive to shut reactor down (no revenue vs big investment = big loss),then buying big part of their #uranium needs at 100+ USD/lb
=> To get supply security, utilities will pay much higher uranium prices then today.
(8/8)
#commodities
=> To get supply security, utilities will pay much higher uranium prices then today.
(8/8)
#commodities
https://twitter.com/quakes99/status/1663364420381331457
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