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Mining gold on asteroids will likely be more expensive than mining on this planet. If mining gold on asteroids crash the price of gold, who would mine gold from
by adolph 5y ago
Mining gold on asteroids will likely be more expensive than mining on this planet. If mining gold on asteroids crash the price of gold, who would mine gold from asteroids?
On the other hand, if one were to buy proven gold reserves stored on an asteroid, then that might make sense. The exploration company could discount the value of the gold by the existing cost of sending it to Earth and the ongoing cost of guarding it which will necessary given an absence of enforceable property rights. As the cost of terrestrializing shrinks and potential value of off-Earth use grows the value of the asteroid stored gold would increase over time.
- hatware 5y ago>Mining gold on asteroids will likely be more expensive than mining on this planet. What if I told you they could send asteroids to the planet to be mined _on the planet_ and crash the price of gold?
- adolph 5y agoIt’ll be interesting to see the feasibility based on next month’s launch of Double Asteroid Redirection Test (DART). DART is a planetary defense-driven test of technologies for preventing an impact of Earth by a hazardous asteroid. DART will be the first demonstration of the kinetic impactor technique to change the motion of an asteroid in space. https://www.nasa.gov/planetarydefense/dart https://www.nasa.gov/planetarydefense/dart