NASA headed towards giant golden asteroid

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Kriegsspiel
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NASA headed towards giant golden asteroid

Post by Kriegsspiel » Fri Jun 28, 2019 8:59 pm

You there, Ephialtes. May you live forever.
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dualstow
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Re: NASA headed towards giant golden asteroid

Post by dualstow » Fri Jun 28, 2019 9:40 pm

O0
I’m heavily invested in giant asteroid lassos.
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Libertarian666
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Re: NASA headed towards giant golden asteroid

Post by Libertarian666 » Fri Jun 28, 2019 9:50 pm

dualstow wrote:
Fri Jun 28, 2019 9:40 pm
O0
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.
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Re: NASA headed towards giant golden asteroid

Post by jacksonM » Sun Jun 30, 2019 4:53 pm

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.
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Re: NASA headed towards giant golden asteroid

Post by Xan » Sun Jun 30, 2019 8:58 pm

jacksonM wrote:
Sun Jun 30, 2019 4:53 pm
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.
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Re: NASA headed towards giant golden asteroid

Post by Smith1776 » Sun Jun 30, 2019 11:52 pm

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.
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Re: NASA headed towards giant golden asteroid

Post by dualstow » Mon Jul 01, 2019 7:43 am

I think the headline is just playfully facetious and also clickbaity/eye-catching in the way that headlines have always been.
Xan wrote:
Sun Jun 30, 2019 8:58 pm
jacksonM wrote:
Sun Jun 30, 2019 4:53 pm
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.
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Re: NASA headed towards giant golden asteroid

Post by pmward » Mon Jul 01, 2019 9:28 am

Yeah it's fake news. They are going for scientific research. NASA is not a mining company.
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Re: NASA headed towards giant golden asteroid

Post by Dieter » Tue Jul 02, 2019 10:02 pm

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

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