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Iron is not precious. Marked to market, 100 tons of platinum is worth $3.2B. That’s a bit more than half the annual world production, so the price would fall si
by jessriedel 2y ago
Iron is not precious. Marked to market, 100 tons of platinum is worth $3.2B. That’s a bit more than half the annual world production, so the price would fall significantly, but still easily be more than $1B.
- lucubratory 2y agoExactly, and people complaining that the price would fall so it wouldn't really be "that" valuable are missing the forest for the trees. Having a hundred times more platinum available to our civilisation (and platinum being a hundred times cheaper) because there are 200 shiploads of it coming down a year is going to drive innovation & utility in ways we can't even predict yet. Same goes for every other precious metal we can get in abundance from asteroids.