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Golden Asteroid
The golden asteroid that could make everyone on Earth a billionaire

[Image: 5d132fb1dda4c8de408b45d9.jpg]

Quote:Who Will Get There First?

China has vowed to dominate this race, and that’s an easier game for a country that controls all the major natural resource companies and maintains a tight leash on tech developers.

That’s not to say that the US doesn’t have ambitions here. The difference, though, is stark. While NASA is focused on space exploration and scientific missions, China is focused on a space-based economy that is zeroing in on long-term wealth generation.

Even Europe, where EuroSun is developing a major goldmine in Romania, has its hand in the game. In January, the European Space Agency(ESA) announced a deal with ArianeGroup, the parent company of Arianespace, to study a prep mission to the moon in 2025. It’s got natural resources on its mind.

Trump has already created the Space Force and the mission to Mars. I wonder if he has Psyche 16 in mind as well.

David Webb made a good characterization today on his Sirius XM show on POTUS XM. He said Trump in his first term was like breaking the glass to get at the fire extinguisher, but his second term will be like a steamroller in summer, and a Zamboni in winter. Just think what his legacy would be with the mining of the asteroid belt started.
Here's a crazy thought.  Just imagine the planet's markets being bombarded with gold.  Can you imagine the  speed with which the price of gold will drop?  It will be worth little, or even less, in value almost over night.  Spiteful
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
Gold is reputed to be a better electrical conductor than copper or even silver. It also is one of the most efficient reflectors of infrared light. So it does have intrinsic value. It is slightly more dense than lead, and is considered non-poisonous (lead is poisonous). So gold would be a good choice for radiation shielding in spaceships.
Agreed. I'm just commenting on what all this would do to the markets, and traditions. LOL, this would be just amazing and fun to watch. I can just see Silver being the new standard. S13
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
Interesting thought on gold standard - but getting it to Earth would add value rather than decrease it. Standard value vs. intrinsic value. It would still be hard to get - just a possible larger quantity. Whoever ends up owning it could dribble it out on their own schedule.

The asteroid has other materials that are desperately sought, not just gold. If they are held back and not just given away, the owner would be rich beyond avarice.
JL Wrote:I'm just commenting on what all this would do to the markets, and traditions. LOL,
Assuming they can bring enough gold to the market to make gold price fall by 90% (it all depends on quantity), that would be bad for gold funds, but good for the rest of the economy, especialy for the electronic industry where gold would then be massively used.
Today gold is used in electronics, also known as ENIG, is as small as technology allow: It's used as an anticorrosive substrate and conductor between copper and/or tin solder paste. The layer is very very thin.
If gold is cheap enough, this technique can be used everywhere with minimal cost, not only when a better connction is required. The layer would also be thicker making it even better.
Now imagine gold is as cheap as copper... That would be a major high-tech changer.

About tradition, it's even more interresting: We will be back to pre-colombian times, when gold was available in such quantities that it wasn't even considered a precious metal by the Incas.

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