RE: Countries Are Ramping Up On Gold Purchases As The Dollar Takes A Dive - Episode 1340a

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Countries Are Ramping Up On Gold Purchases As The Dollar Takes A Dive - Episode 1340a

in economy •  7 years ago  (edited)

What'll happen to the price of gold when we start mining asteroids? Crypto Steem will be the new safe-haven.

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There is probably gold in asteroids given that there is gold in sea water. But how much do you think it will cost to mine? I am not sure that would be feasible.
Thanks Dave good as usual.

I would guess it's going to rise dramatically. do you have any idea on what the cost would be to set up a mining operation on an asteroid? I couldn't even guess. Not even sure the technology exists today to even contemplate.

In our lifetime, it will become very cheap. The technology's not there yet, but it's progressing quicker than most people realize.