Goldman Sachs has gone nuclear with reports that the firm is investing heavily in uranium mining. Goldman Sachs picked up its uranium stockpiles last year amid an acquisition of London-based commodities-trading operations from Constellation Energy Group. The uranium operation was not the asset that attracted Goldman Sachs but the bank then noticed demand from some of its big clients.
So Goldman Sachs is likely to start selling yellow cake.
The anti-nuclear lobby should start worrying because big investors are starting to turn to uranium with companies like the nuclear power start up TerraPower getting backing from Bill Gates.
In the meantime, get ready for the speculation about what kind of entities Goldman Sachs will sell uranium to, or for that matter, whether they plan to build some war heads to take over the world.
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