RE: 🧠 Gold Will Be Worthless - Thanks to Asteroid Mining

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RE: 🧠 Gold Will Be Worthless - Thanks to Asteroid Mining

sames (65)in #threespeak • 5 years ago

Of course their will artifcal supply to keep gold price up like Diamonds but it will either way make the gold price go down way done in the future

5 years ago in #threespeak by sames (65)

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edicted (72) 5 years ago

Golden asteroid story ‘complete BS’ spread by bitcoin bulls to pump up crypto, Peter Schiff tells RT

In an exclusive interview with RT, Schiff said that while there is a metallic asteroid in the asteroid belt between Mars and Jupiter, no one could know for sure what metals it contains.

Schiff noted that mining most gold on Earth is too expensive, so the cost of sending miners to the asteroid and mining there would be “prohibitively expensive.”

What do you think?
Sounds somewhat legit but I don't care enough to research it more.

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sames (65) 5 years ago (edited)

Yeah saw that before. He exaggerating his point. It true other metal our in asteroid but scientist can know "estimate" how much gold is in a asteroid.
Mining on gold used to be cheaper now more expensive as the supply of gold in now harder to get ie need to dig deeper and more. So yes he right but the technology and theory is still there/coming. Plus the asteroid has more valuable resources that so happen to be near the gold as well. So when the miners mine the other stuff they can also bring the gold.
it not going to happen now nor in 50 years but it will happen maybe the next 100+ years.

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RE: 🧠 Gold Will Be Worthless - Thanks to Asteroid Mining

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