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I'm not implying that at all. Everything is on a supply and demand curve, and the claim is that the extraction price increases, not with time, but with amount
by jessriedel 9y ago
I'm not implying that at all. Everything is on a supply and demand curve, and the claim is that the extraction price increases, not with time, but with amount extracted at a fixed time. So the question is if we hit a point where the 1st ton of asteroid platinum is cheaper than the millionth ton of terrestrial platinum.
- nradov 9y agoThere is no actual evidence that the extraction price of precious metals will increase with the amount extracted at a fixed time. This is entirely speculative, and it seems more likely that extraction prices will decline as extraction technology improves faster than demand increases.