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> Elon and SpaceX will be able to mine gold on asteroids within the next 20 years, which would crash the price of gold. what would be their incentive to do it,
by ChainOfFools 5y ago
> Elon and SpaceX will be able to mine gold on asteroids within the next 20 years, which would crash the price of gold.
what would be their incentive to do it, then?
- chasebank 5y agoWell, if the cost of mining is less than the value of the gold, I’d imagine there’s plenty of incentive.
- ChainOfFools 5y agoyes, until you "crash the price" by the very act of procuring substantial quantities of it below market value.
- machiaweliczny 5y agoWhat if you crash the price but buy alternative asset first? That would be smart.