3 ms·

Come down siginificantly? So much depends on demand, one of the more sophisticated analyses I've seen realised that Nickel (at the time) was a good bet since i

Come down siginificantly? So much depends on demand, one of the more sophisticated analyses I've seen realised that Nickel (at the time) was a good bet since it was fairly expensive and in high demand. Also people hold gold as a store of value, if it becomes cheap then they might as well sell that too. Sure we could start using gold as ship ballast...

freeqaz 6y ago
Very much so! But the idea is fascinating. What if the price of platinum was on par with aluminum? What kind of products could exist that simply can out today? This[0] article puts it into perspective just how much metals exist out there. Seems like most of the precious metals we have access to are from previous asteroid collisions. There is a theory that the last age ~12k years ago was from an asteroid impact, and that it can be traced due to changes in platinum levels. Whoever figures out how to mine metals from space rocks is going to have an interest problem to face. They can't just dump it all onto the market -- they'll have to pull a move similar to the diamond industry. Stockpile it and constrain supply (because of their monopoly) to keep the prices high enough to make a profit from the (risky) endeavor. One can dream :) 0: https://strangesounds.org/2019/06/asteroid-16-psyche-gold-metal-value-mining-nasa-video.html https://strangesounds.org/2019/06/asteroid-16-psyche-gold-me...