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It does not matter whether it is gold or anything else. Any material is more valuable in space than on earth because you have to transport it to space. So you c
by fxj 7y ago
It does not matter whether it is gold or anything else. Any material is more valuable in space than on earth because you have to transport it to space. So you could mine an asteroid for 2 kg of anything and it would be as valuable as 1 kg of gold on earth.
- seiferteric 7y agoI don't know, what would they do with a kg of gold in space? I think the only raw materials that would be worth anything in space today is like water, rocket fuel, oxygen, hydrogen etc. We generally only send finished goods into space, like satellites. Raw metals would only be valuable to keep in space if you had some manufacturing capability there. Also I think we are really really far away from doing something like manufacturing a satellite in space. So in general, I don't think that "2 kg of anything" in space is worth 1kg of gold on earth.
- dredmorbius 7y agoThat presumes supply and demand are equivalent. In situ and on Earth are effectively two distinct, and poorly arbitrageable, economic domains. In gold boom towns, say, as in the California and Alaskan gold rushes, gold nuggets or dust were used in everyday commerce. But at a sharp discount to their value elsewhere. See also drug value to farmer vs. street, or prices of oil at wellhead vs. end-user, especially in early days (say, 1859-1930).