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> 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 w
by 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.