/biz/ - Business & Finance

>>56217991

Even when Sprott gets a redemption mechanic the utilities will still have to buy shares at market value of it to redeem the needful.

This shortage has been obviously coming as the narrative around nuclear has started changing and the failures of wind and solar impossible to ignore. Utilities of all companies should have figured it out, but they are basically government entities filled with lazy dimwits who couldn't put it together that supply was gonna get tight enough that speculators were going to try to squeeze them on their Uranium short position.

If I was a not-totally-retarded utility (IF) and I saw which way the wind was blowing I'd try to secure at least 5 years supply of fuel as fast as possible even at a premium. Realizing I fucked up, and paying a 50% premium now vs maybe having to idle a reactor or pay even more in the next couple years? Easy call.

Anyways, if Sprott takes their cash and gives them lbs, Sprott just buys more to replace it, or tries to. I don't know if they can contract with miners as part of their model if there's no lbs for sale, but it wouldn't surprise me.

>>30438162

Just go ahead and put in 150 for me, fella.

>>29921474
Is there a point in buying silver over gold?
>silver has value
Only as a speculation which means its basically just bitcoin. Gold actually has tangible uses outside of "looks pretty :)" and also doesn't corrode like silver does.