I was thinking of something like an exchange-traded fund (etf) or any kind of high liquidity investment vehicle, with a market animated by the financial institution managing the fund, and a management target of replicating the spot price of uranium ore (the underlying).

Such things can be build without actually holding much, if any, physical ore: by proper assembly of ore futures and of shares and derivatives of listed uranium prospection/mining/processing companies with a track record of correlation between ore spot / share spot.

I must confess I already hold such a thing for crude oil (and I'm a peak oil believer). And lately, I bet on a leveraged put on the french stock markets (so you can count me in the "hard landing" proponents). Of course, these two investments hedge each other to some extent.

Pierre