NASA headed towards giant golden asteroid

[Kriegsspiel]

NASA headed towards giant golden asteroid that could make everyone on Earth a billionaire.

[dualstow]

I’m heavily invested in giant asteroid lassos.

[Libertarian666]

I’m heavily invested in giant asteroid lassos.

I doubt this will come to market in my lifetime, which is good for my portfolio.

But getting access to such a mother lode would be very good for industry, as the precious metals are very useful in industrial applications.

Unlike Bitcoin, for example.

[jacksonM]

NASA headed towards giant golden asteroid that could make everyone on Earth a billionaire.

When I saw that headline the only thing I could think of was that someone has a serious problem understanding the fundamental laws of economics - namely supply and demand and the scarcity of resources. This probably doesn't include Ron Paul. I doubt that he'd be celebrating the fact that his gold holdings were going to become worthless.

[Xan]

NASA headed towards giant golden asteroid that could make everyone on Earth a billionaire.

When I saw that headline the only thing I could think of was that someone has a serious problem understanding the fundamental laws of economics - namely supply and demand and the scarcity of resources. This probably doesn't include Ron Paul. I doubt that he'd be celebrating the fact that his gold holdings were going to become worthless.

Totally agree. "Everyone's about to be a billionaire because we now have a bunch of gold." If you think about it for two seconds it's obvious it wouldn't work that way.

[Smith1776]

It is only a matter of time before asteroid mining becomes economical and practically feasible.

When that time comes, who knows how we might have to reconsider the value of gold. I could even see a De Beers type situation where the gold is held back and kept artificially scarce.

[dualstow]

I think the headline is just playfully facetious and also clickbaity/eye-catching in the way that headlines have always been.

NASA headed towards giant golden asteroid that could make everyone on Earth a billionaire.

https://media.giphy.com/media/rl0FOxdz7CcxO/giphy.gif

When I saw that headline the only thing I could think of was that someone has a serious problem understanding the fundamental laws of economics - namely supply and demand and the scarcity of resources.
...

Totally agree. "Everyone's about to be a billionaire because we now have a bunch of gold." If you think about it for two seconds it's obvious it wouldn't work that way.

[pmward]

Yeah it's fake news. They are going for scientific research. NASA is not a mining company.

[Dieter]

"Everyone's about to be a billionaire because we now have a bunch of gold."

Accounting for inflation, that'll be worth $42.00.