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We're exposed to billionaires and things priced in the billions all the time through news and media, but we forget that it's still an exceptional amount of mone
by ehnto 5y ago
We're exposed to billionaires and things priced in the billions all the time through news and media, but we forget that it's still an exceptional amount of money for a very, very limited few. Like how Instagram shows you all the exceptionally lucky people on holidays and with expensive cars and incredible beauty, so you get to feel like it's ubiquitous and you're just missing out. But the truth is that almost everyone just goes to work everyday, looking normal, driving normal cars, even the influencers.
- mywittyname 5y agoA billion dollars is a lot of money. A billion dollars worth of minerals is not a lot of minerals. It would be worth extracting if it were something readily shipped and processed like gold or crude. But from what I understand of lithium processing, just the equipment along might ring up in the hundreds of millions, and you still have to pay to get it extracted, processed, etc.