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If a huge supply of platinum became available, its price would plummet. If one company figures out a way to mine asteroids, competition would soon follow. So th
by girishw 15y ago
If a huge supply of platinum became available, its price would plummet. If one company figures out a way to mine asteroids, competition would soon follow. So they won't be able to control the supply and hence price of platinum. So even if they do succeed in mining and transporting the metal, they are not going to make anywhere near the money they're claiming.
- chii 15y agoi say worth doing even if they only break even. The tech and new injection of resources will give the world something to hope for. Plus, i dont think the price will "plummet". It will at most reach some equibrium, and that new equilbrium ought to still be profitable. More plentifyl resources can only be a good thing.