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> You couldn’t offload all those metals on the world market at once, for fear of crashing their prices. So instead of lowering the price of gold and palladium,
by geon 15y ago
> You couldn’t offload all those metals on the world market at once, for fear of crashing their prices.
So instead of lowering the price of gold and palladium, metals that have innumerable uses in technology, revolutionizing the industry, you should create an artificial scarcity?
- gaius 15y agoYou have it backwards. Without scarcity where the demand? Without demand where the the money? Without money, where is the expedition? Lather, rinse, repeat.
- geon 15y ago> Without scarcity where the demand? Iron is hardly scarce, but it is in high demand. There are a thousand uses for cheap gold. It's not like if the asteroid would be made of rare postage stamps that become worthless without the scarcity. Let's say the huge chunk of gold would drop the market price to 10% of it's current value. If they earn $ 2 trillion at once instead of $ 2 trillion slowly, is it really a problem? It should still be enough to finance the next run, and earn even more.