Despite the recent robust performance of gold, Chicago Sun Times reporter Terry Savage suggests that the pressing demand for an alternative to oil could make uranium stocks shine.
If oil is black gold, is uranium the new gold? It's a question worth asking, even as gold soars into record high territory. It closed Friday at $588.40 an ounce.
Gold is the traditional precious metal hedge against governmental mismanagement of paper currency. But you can't use gold to keep you warm in the winter or keep you cool in the summer. It won't keep the engines of industry running, and it won't provide the electricity to keep your computer humming. For that, we need energy -- an ever-increasing amount of energy, as the citizens of the world demand the basics of modern life.
It's all that demand, plus the potential scarcity of fossil fuels, that the world must now consider. No one knows when the world will "run out" of oil or what modern techniques might yet be invented to squeeze it out of shale or drill more deeply into the earth's core. Or what the environmental impact of burning all that fuel might be on our atmosphere.
But since much of the known oil reserves are concentrated in politically and militarily unstable countries, it seems wise to consider Plan B: nuclear energy.
The reality of demand
Forget for the moment the politics of nuclear energy, and the emotional fears of disaster, and consider the reality of energy demands. One man has been on the forefront of writing about this issue since the turn of this century. James Dines has labeled himself "The Original Uranium Bug." It's a takeoff on his reputation as "The Original Goldbug," for which he was known starting in the 1960s, when gold was trading at $32 an ounce.
Since Dines began writing about uranium and recommending uranium stocks to readers of his newsletter (www.dinesletter. com), the price of uranium has soared to $41 a pound from $7.10, up more than 400 percent. Dines says this is only the start of the move. In a section of his annual forecast issue, he writes about "The Coming Great Switch to Uranium."
If oil is black gold, is uranium the new gold? It's a question worth asking, even as gold soars into record high territory. It closed Friday at $588.40 an ounce.
Gold is the traditional precious metal hedge against governmental mismanagement of paper currency. But you can't use gold to keep you warm in the winter or keep you cool in the summer. It won't keep the engines of industry running, and it won't provide the electricity to keep your computer humming. For that, we need energy -- an ever-increasing amount of energy, as the citizens of the world demand the basics of modern life.
It's all that demand, plus the potential scarcity of fossil fuels, that the world must now consider. No one knows when the world will "run out" of oil or what modern techniques might yet be invented to squeeze it out of shale or drill more deeply into the earth's core. Or what the environmental impact of burning all that fuel might be on our atmosphere.
But since much of the known oil reserves are concentrated in politically and militarily unstable countries, it seems wise to consider Plan B: nuclear energy.
The reality of demand
Forget for the moment the politics of nuclear energy, and the emotional fears of disaster, and consider the reality of energy demands. One man has been on the forefront of writing about this issue since the turn of this century. James Dines has labeled himself "The Original Uranium Bug." It's a takeoff on his reputation as "The Original Goldbug," for which he was known starting in the 1960s, when gold was trading at $32 an ounce.
Since Dines began writing about uranium and recommending uranium stocks to readers of his newsletter (www.dinesletter. com), the price of uranium has soared to $41 a pound from $7.10, up more than 400 percent. Dines says this is only the start of the move. In a section of his annual forecast issue, he writes about "The Coming Great Switch to Uranium."
