/biz/ - Business & Finance

Metals are worthless. Within 20 years we'll be harvesting asteroids that contain more silver and gold than have ever been harvested on Earth in its entire history. Gold will be so cheap we'll be making everything out of it. Anyone who invests in metals now is retarded. Space X and Elon Musk will be bringing in trillions of tons of cheap gold per day within a few years. The current historic low of gold is the highest it will ever be again. Future generations will treat gold the way we treat aluminum now. 500 years ago aluminum was the rarest and most expensive metal in the world. Today it's used to make cheap cans.

people who bet on PMs are people who are betting against human innovation.
they will die poor dreaming about muh end of civilization and other doomer scenarios

Gonna keep buying more. Thanks for the reminder.

>>30256267

I hope you’re being ironic.

>>30256267
lolno

We haven't even got back to the moon yet, or had a manned mission to mars, much less figured out how to catch an asteroid, put a payload on it, and then take it back down through re-entry.

This is not a "couple of years" kind of feat.

>>30256267

We aren’t going to be lassoing in million ton asteroids make of gold literally ever lmao

>>30256689
>Humans innovate new technologies
>New techs use metals like Ag, Pt, and even gold.
>Buying metals is betting against innovation.
Your brain on fiat.

>>30256267
that’s actually pretty cool, imagine buying gold cans at the store

>>30256808
We've landed multiple probes on moving asteroids to date. It's getting easier all the time. Next one will have a booster to move it into Earth orbit for cheap mining. The vast asteroid wealth is easier and cheaper to access than the subterranean wealth. Cheap simple bots just grind up the asteroid and drop the metal into the atmosphere. Metal is going to be absurdly cheap in the next century. We're going to have more gold, diamond, silver, and iron than we've ever had in history. This is the ultimate goal of Space X. Asteroid mining will be 99.99% of the global economy. If you're not invested in it you're missing the largest gold rush in human history and you'll be poor for eternity. First company to tap asteroid resources will be worth more than any nation or the Dutch East India Company.

Why are the antimetalfags always so fucking dumb? They truly are the bottom scum of the retard barrel.

>>30256067
Nice dumps, totally organic and not manipulated at all lmao.

>>30256267
asteroid metals wont have the same composite as earth based minerals and there will be a pricing difference as a result, which would be more expensive has yet to be established
>>30256067
imagine not cost averaging

>>30257007
>elements change because space
No. You are a smooth brain.

The Annunaki came down from the stars and created humans as a genetic experiment so they humans could act as slave laborers to mine gold and silver. The Annunaki will fly their mini UFO drones to teleport all gold and silver at "harvest time" replacing everything with radioactive metals that will KILL all metal bugs

>>30256067
>silvercucks always talking about buying peoples daughters

truly the most incel investing niche

>>30256972
>Asteroid mining will be 99.99% of the global economy
b8

>>30256875
my problem is that I’d want to eat the can, I already want to nibble on ingots, thin gold sheets I can bite into and chew like taffy would be irresistible

>>30257108
Retard. Do you even know how much gold, iron, silver and other metals are in the asteroids? It's more wealth than everything made by all human economies over the entire recorded history combined. All of the gold mined in human history amounts to a 64' cube. There is more gold than that in a single asteroid. When we get asteroid mining going we are going to increase the amount of gold, silver, iron, and other metals by 10,000% every day for the rest of history. There is that much metal just sitting in easily mineable asteroids. The amount of wealth we can gain from asteroid mining puts all other sources of wealth to shame. In the future there will be two kinds of people, those who got in on the asteroid mining boom, and the extremely poor dying underclass of worthless people.

>>30256267
you chose aluminum
of everything you chose that
this post glows

>>30256972
>Buy metals today until they are expensive enough to justify space mining.
>Use accumulated capital to purchase shares of space mining company.
>Win.
Every metal bug would love asteroid mining, it's their fantasy to participate in a science-fiction goldrush.

>>30257275
Aluminum is the perfect example of how metal values change. Hundreds of years ago it was impossible to smelt it. Now it's easy and cheap. Asteroid mining will be the main source of global wealth in the coming centuries. Anyone not invested in it will be in poverty.

>>30256267
>Metals are worthless.
>Asteroids
Imagine being a retarded zoomer.
>>30256689
>hyperinflation = doom
Fucking retard.

>>30257227
then the metals will be cheap and therefore asteroid mining will make up a tiny part of the global economy, you gibbering retard

>>30257227
Space is fake there are no "asteroids" so all metals you see is what we have. In twenty years the sun will nova and turn us all into dust anyways

>>30257366
well i think most of that value would go into space manufacturing which would be enabled by the mining

>>30257355
>boomer thinks we can't mine asteroids
You will see it happen in your life and it will destroy your investments. The market shift caused by asteroid mining will be sudden and catastrophic for the idiots who didn't see the inevitable coming. Imagine not investing in tech companies in the 1970s or not investing in the Dutch East India company in the 1700s. If you don't see the coming paradigm shift you're a moron.
>>30257366
The demand for metals will only increase. They're vital for technology. When gold is cheap it will be in extremely high demand for electronics components. There will always be buyers for an easily malleable and highly electrically conductive metal.

>>30256267
go back to redddit, elon's rocket cant even fucking land without exploding and you think we're a few years away from mining asteroids 204,502,775 miles away lmao

>>30257466
50 years ago it was inconceivable to land on an asteroid. Now even Japan and India are doing it. Super fucking simple. China, India, and the dying Western powers will be racing to be the first to mine asteroids. The amount of wealth contained in asteroids is literally astronomical. Anyone who doesn't see the inevitable coming is stupid. Low IQ morons always lose money in the long run.

>>30257366
Exactly, if the cost of Pt, Ir, Rh, etc. went down new technology made with them would be much cheaper as well and wealth could be focused on growing these secondary and tertiary industries that are built on top of natural resources.

>>30257465
zoomer reads about the dutch east india company on redddit, comes to /biz/ to lecture people.

>>30257436
>>30257465
you need to be 18 to post on this website

>>30257548
>>30257562
>13 year old boomer doesn't understand tech
classic

all muskfags get the rope

>>30257539
you're not getting it. it's inefficient to mine asteroids. you're ignoring much more likely scenarios like deep-crust/upper mantle mining.

>>30256067
isnt this a good time to buy

>>30257594
You aren't getting it. It is maximally efficient to mine asteroids. Gravity does most of the work. The metals are on the surface and easily accessible. It will cost pennies on the dollars compared to traditional mining.

>>30257571
the only thing I objected to was the fantasy that asteroid mining will make up 99.99% of the world economy lmao you don't even understand the conversations you are having itt, go to bed

>>30256067
(((((hands))))) typed this post

>>30256067
>let me buy this inflated asset worth thousands of dollars that is built on old tech, this will surely not back fire
OH NO NO NO NO

It's over
I'm selling my 260oz today and buy bitcoin or whatever
Are you happy now?

>>30257665
You haven't done the math. Seriously google the amount of metal in the asteroids. It's truly insane how much there is. These rare metals will be super common and still highly valuable because of their usefulness in manufacturing, tech, etc. It's going to be a revolution of economy and manufacturing.

>>30257594
part of the attraction of space mining and manufacturing is in getting away from processes that damage earth’s environment

>>30257737
yes dude, people will mine asteroids for metals so that they can sell them in quantities so large they don't make a profit

>>30257343
space is coming but getting there isn’t guaranteed to happen before a nation state’s access to aluminum becomes the definitive factor determining survival
the cans argt is cute but not as cute as birthing environmentalism to bring a halt to domestic resource extraction

>>30256067
BTC is fiat. we silver chads will have the last laugh. it is destined.

>>30257844
https://en.m.wikipedia.org/wiki/Free_silver

>>30257808
Yes. You act as if the demand is not increasing. Aluminum demand in 1400 was relatively low, supply was low, cost was high. But today aluminum is common, cheap, and demand has never been higher. We need far more gold than we have now. Same with all precious metals we can get from asteroids. We're running out of metals on Earth due to high tech manufacturing. We need asteroid mining to keep it going or else production ceases.

>>30257844
i wanna get rich and have reserves of silver and gold. like not really think about it too much but just lock it away in a safe to look at sometimes and just always have a big brick of wealth locked away

i think about gold and silver a lot and dont have any

>>30257769
I would imagine in the early stages some of the processing of the ores would still be done on earth. Sending some robots to dig them up on the surface is easy. Space refineries might take a while, and the initial cost to bring the resources to do so from earth (before they're sourced from space) will be large.
The potential is huge, but you're not going to see this in the 2040s or something. Tell your kids (if the future government lets you have any) to long space mining corps though.

>>30257944
thats my goal, make it from crypto but get a vault of precious metals.

>>30257769
feel free to invest your money in 'saving the environment'. enjoy your 0% return.

>>30256267
>20 years
lmao fuck no

>>30258015
Guarantee the first asteroids to be mined will happen in your lifetime. 20, 30, 40 years. It's coming. The timeline isn't certain but it's definitely coming and it's going to massively disrupt the metals markets.

>>30256689
>people who bet on PMs are people who are betting against human innovation.
What is this logic.

>>30258108
40 years MAYBE. That doesn't invalidate buying metals now. Especially since the economy isn't doing very well.

>>30256808
7 killed today lassoing an asteroid.

>>30257916
so.... gold will continue to be a store of value...
I recall you saying that metals are worthless in your first post?

>>30257916
Why do you think a demand can be met just because we want it to be met?

>>30258108
Why would they be likely to contain gold or silver than, say, iron?

Why haven't we bothered trying to mine the moon, which we at least know we can get to and from?

The whole thing strikes me as a zoomer fantasy. At least talk about moon mining before getting into the science fiction stuff. And what about Antarctica? Or Africa, once the Chinese colonise it properly and mine it using Chinese labour?

>>30256067
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>>30257625
how so? from everything i ve been able to find, even the most metal rich space rocks are only likely marginally richer than what we already find here on the earths surface. The earths had billions of years to concentrate ore bodies where we can reach them, were going to have to not only prospect each of the tens of millions of space rocks, but than drill them without mechanical failure, process them with technology that has yet to appear, and than either use the resources in space or ship that material back to earth. I swear a generation raised on minecraft thinks that you can just put ores in a magic box and get every element out in its pure form with little mechanical failure.

>>30257343
>>30256267
This aluminum fud is wack af lol.

I dealt with this nigger a few days ago and he was saying the same shit

>>30257968
>space refineries
Bud do you even understand how minerals are processed with our current tech? We use gravity separation and flotation in liquids. Call back when someone invents a zero gravity flotation setup.

>>30256267
You should also add earth's core mining fud to your collection as well as deep sea mining fud. You need to get more creative.. please.

>>30256067
damn, it HAD to be right after Machatzit Hashekel

>>30256972
Agree, this will happen right after we get the flying cars.

deep sea mining will never work out.
how will asteroid mining ?
zoomers are completly retarded by now - too much sugar and estrogens.

>>30259923
its because they have been completely disconnected from the resource sector and have no concept how materials are processed or extracted.

>>30258108
So fuck making money for 40 years? Do you know how fast FIAT fails? Our country might implode frankly.

Do you know how much silver is used by the companies doing what you're talking about? Electric batteries and Solar Panels contain a fuck load of silver.

>>30257227
Do you know how much it costs to send a rocket into space?

Imagine the costs involved with extraction, transportation and refinement before it’s even ready to be ISED let alone distributed and sold. PMs are fucking heavy. How many TONS do you think they could get back to earth in one flight? Not more than one or two, if even that.

Youre retarded and need to fuck off.

>>30256267
>spend billions to go mine gold on an asteroid
>takes years to even see first shipments returning
>flood supply of Gold on earth with muh asteroid space gold
>Instantly go bankrupt because flooding the market with gold (and therefore crashing the price) is not a good business strategy
>Especially when it costs hundreds of billions to even begin mining on an asteroid
Gold prices would be kept artificially high by an asteroid miner in the same fashion diamonds are currently
In a raw commodity market with nearly 0 industrial uses, crashing the prices isn’t really a smart idea

>>30256067
slv will go to 0
who cares about the paper derivative market?
It's imploding like the rest of the fake economy.

>>30259661
Great counter argument

>>30260497
Here nigger. Tell me where Al is and then tell me where Silver and Gold are.

>>30260576
That U on the far right side...

>>30260576
BTC isn't even on there. NOW I UNDERSTAND WHY IT KEEPS PUMPING. AHHHHHHHHHHHH

>>30260085
gold would just become the standard for wiring much like copper is now, you can still profit off of that.

>>30257916
>>30257737

Look bro, I'm not going to deny that asteroid mining will ONE DAY be a thing and we will have an abundance of rare metals. But that day is far away. You can use the argument of "oh, but look at the speed of development and how we didn't think any of this was capable 50 years ago." And that's true. But we need a lot of NEW technologies to be created before we can even think about mining an asteroid.

1
>Cost of putting things into space
Sure, SpaceX is lowering that price. But it's still SUPER fucking expensive to send any weight into orbit, let alone further and past the asteroid belt

2
>Mining operations are fucking HUGE
Have you ever seen a mining operation? This isn't the Curiosity rover with a fucking pickaxe and shovel. Mining pits and shafts are enormous and require tons of supplies. Supplies that are heavy and cost money.

3
>The difficulty in getting out of orbit
Okay, now we need to get this heavy equipment off of fucking earth. Screw the money, just the logistics of the weight and acceleration is hard as fuck.

4
>Getting it back
Unless this asteroid is very close to us (and we can mine it in such a fast timeframe before it passes us by completely), we can't just throw the mined materials into space and let earth's gravity snag it. Firstly, it would all burn up in the atmosphere upon reentry. Secondly, even if the materials survived the burn and impact, unless this asteroid was right next to earth it would not be attracted to its gravity.

So that means that we have to bring the materials BACK on another fucking shuttle of sorts? So now we have to have enough fuel to get to the asteroid, but also TO GET BACK?! And on top of that, we have to have enough fuel to accelerate all of this newly mined material back?

Look, I'm not saying it's impossible. In fact, it will be a certainty as we progress as a species, a civilization, and a society. But this is NOT a 10 year plan.

>>30257734
genius move talking about your silver on public forums.

This has all already been debunked. Asteroid mining will not make these metals more abundant to you and me. The companies will just hoard them and use as needed and sell the excess in small increments. Ever hear of DeBeers and the diamond industry? Same shit. If prices for Gold,Silver, and platinum crashed then sending rockets to space to mine them would no longer make economic sense.

>>30259719
The faggot is posting gundam anime pictures. You really think he has any idea what the fuck he's talking about or knows anything about mineral processing? He's either a retarded anime dweeb or baiting. I'd be surprised if he even knows what the fuck a pan is.