How to Invest in Uranium
Uranium is a metallic element that is well known for its use in nuclear energy. This metal is one of the most dense, natural-occurring elements in the world as its popularity and uses have been on the rise for a number of years. Uranium's most prominent uses comes from nuclear fission, of which this commodity is an important part. Aside from its importance to the energy field, uranium also appears in X-rays, ammunition, shields against radiation, counterweights in gyroscopes, and much more.
As an investment, uranium makes for an enticing play as the prominence of nuclear energy continues to grow. For those looking to invest directly in uranium, there are a large number of options in the market place. While physical exposure is not possible, investors can buy very liquid futures contracts for the metal. Additionally, there are a number of stocks and funds that allow investors to buy up companies that are engaged in some aspect of uranium production. Lastly, investors can also purchase any number of ETPs that invest in uranium with varying strategies.