/biz/ - Business & Finance

>>29663669
Asteroids contain very little metal, much less than mines on earth and there are almost no asteroids in our solar system.
>The total mass of the asteroid belt is estimated to be 2.39×10^21 kilograms, which is just 3% of the mass of the Moon

>>28101093
wrong retard, Bitcoin and fiat is what killed the space age
gold used to be what pushed us out into the frontier, just look at gold rushes into the new world (as you mentioned), California, Australia, Africa, etc. Think that would've happened if there was no gold there? think that would've happened if gold was not money? NO.

now that we have Bitcoin and fiat all that people are doing is sitting at home, collecting fiat welfare and putting it into the crypto casino to get their dopamine rush while the world around them stagnates and fades

and NO, there is not a "functionally infinite amount of resources in our local solar system", do you have any idea how few asteroids there actually are in our solar system? the total mass of all asteroids in our solar system is ONLY 3% OF THE MASS OF THE FUCKING MOON
there is HUNDREDS of times more gold on earth than there is in space, and the deposits we have on earth have higher gold density than asteroids in space
the most common asteroid type are carbonaceous chondrites and they have a gold ppm och 0.1 - 0.23, gold mines on earth have a gold density of 6 ppm, that's 26 TIMES HIGHER GOLD DENSITY ON EARTH THAN 75% OF ALL ASTEROIDS

going into space only becomes valuable when the price of gold goes astronomical ($100,000+/ounce), which it should
then going into space for lucky strikes will be viable but it won't crash the price of gold, not even fucking close