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This is a weakly held belief but I feel it’s risky to buy gold for long term holding because asteroid mining will render it cheap and abundant in my lifetime. :
by deegles 8y ago
This is a weakly held belief but I feel it’s risky to buy gold for long term holding because asteroid mining will render it cheap and abundant in my lifetime. :)
- coldtea 8y agoForget "asteroid mining" in our lifetime (and the next 2-3 as well).
- coldtea 8y ago"But I want it to happen, so it must" --> downvote.
- madshiva 8y agoIt's like saying soon the gold will worth nothing because my alchemical guy will finally make the philosopher's stone. Asteroid mining will have a cost and therefore not will be render it totally cheap… or green. Bitcoin is neither green or worth anything, it's just in the head of people.
- pjc50 8y agoI think it's energetically cheaper to extract it from the sea than from anywhere in space. At current prices even if the moon was pure gold I don't think it could be economic to recover.