esalla
Platinum Member
- Banned
- #41
And besides an asteroid needs to be in a constant Earth orbit and have something worth mining to mine. No such asteroid exist, and if you could find a pound of gold it would cost a billion dollars to retrieve, and 50 billion to attain. Wait asteroid takeoffs are impossible aren't they.Any projections on the 'worth' of asteroid materials is based on our current supply of such minerals here on Earth.
They don't take into account the devaluation of those minerals when a new source floods the market.
I'll recount a similar event from history.
In the early 17th Century, when Spanish and Portuguese sailing voyages opened up previously untapped resources in Asia and the New World, Spain and Portugal were flooded with gold from those sources. The significant increase in gold caused gold to be devalued all across Europe and led to a Century long recession.
The sad thing here is that I have read and seen the news on this and it is and was all fake. Just that simple