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Indeed, it is a reasonable assumption that it will get more valuable over time, as it is a scarce resource.
by GTP 4y ago
Indeed, it is a reasonable assumption that it will get more valuable over time, as it is a scarce resource.
- literalAardvark 4y agoGold is extremely common in the solar system. In the next few hundred years it's pretty likely that gold price will be marginal, as asteroid miners looking for less useless materials such as nickel, cobalt and platinum mine an excess. So no, unless for some hidden reason asteroid mining doesn't work out, which is pretty unlikely given how badly the developed world needs that material.
- GTP 4y agoBut wouldn't use such miners make the extraction cost higher?
- code_duck 4y agoGold is quite useful as a corrosion-resistant conductor. If it wasn’t, cheaper metals would be used in its place in electronics.
- mixmastamyk 4y agoThis thread reminds me of a Twilight Zone episode. https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper