4 ms·

Also, with that much metal, it won't exactly be rare anymore! Hard to imagine the price wouldn't drop 100X. (Loving the ridiculous hypothetical)

• andrewjl 6y ago
  It's not always that simple, there may be potential uses that are uneconomical at current prices but kick in at 10x or even 2x reduction. The increased demand would prevent further collapse. See Jevons paradox[1] for a more general case of this in coal and road usage. Injecting that amount of mineral wealth into the global economy would be pretty much an unalloyed good. So many things would become cheaper to build. https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox
  • polishdude20 6y ago
    "unalloyed" I see what you did there ;)
• weego 6y ago
  That never stopped De Beers.