Gold has value because of it's inherent scarci–

gold has value because of it's inherent scarci–

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Scarcity is just one of many things money has to be. If all gold had going for it was scarcity then it would have never been money. Also gold is rare but not too rare. If it was too rare it wouldn’t have been money either

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It's a silly or otherwise ignorable argument but it's technically true. And the privatization of space will bring it faster than we realize. Bitcoin is eating gold anyways so the end result is the same, ultimately and realistically the timeline just gets squeezed a little.

This. Platinum is a precious metal that is scarcer than gold, but it isn't as valuable, so it's less of a store of value.

>he thinks it can actually be brought back
It takes less energy to take over bitcoin than it does to bring that back

space gold will stay in space.

gold is a meme, literally useless

Just as your life.

>literally useless
And yet in it's every electronic device on the planet.

Nothing is stopping you from buying a rocket to go get it. Just like I drive up to the mountains to go mining.

>doesn't understand conservation of energy.
>doesn't understand our BEST fuels waste about 40 percent of their stored energy to friction.
>doesn't understand you have to spend the same amount of energy AND BACK to bring the gold.
by that point, it will be more costly

Don't forget the equipment to extract it, and what we use on Earth won't work in space because gravity doesn't work out there. You could use an electrolytic process, you just need to bring a fuckhuge power plant with you.

Palladium is an even scarcer precious metal, but gold is the most malleable metal there is, therefore the most valuable.

Something can only be a store of value if there is value to store, and gold has the most value to store.

For now...

this

>he thinks space is real
Ngmi

ye i didnt want to go too technical, but asteroid mining is literally stupid
unless you can CREATE UNLIMITED POWER
you know whats even more stupid?
NANOBOTS
i remeber they were talking about how these bots going to change atoms and create ANYTHING
WERE YOU GONNA BRING THE ENERGY TO REMOVE AND ADD PROTON? 1000 suns??
i hate scientifically illiterate media

so is crypto

Imagine actually believing humanity will harvest asteroids. Have you seen this modern clown world? Africa’s population will be 6 billion by year of 2100 and you think we’ll advance and harvest asteroids soon? Lol, keep watching Star Trek you optimistic blue pilled faggot

>REEEEEEEEEEEEEEE!!!
>gold iz the muny bekus i kin hold in hand bitcoin just get hacked is not real
>REEEEEEEEEE!!!

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I find it funny how crypti kiddies think future technology like asteroid mining will take out precious metals but ignore the fact that crypto is going to be made worthless by Quantum computers.

You have to be 18 to post here

If humanity takes off and manages to spread throughout the solar system we'll probably be mining asteroids comfily but it's at least a couple decades away at our current pace imo. Metals are heavy

But that fact doesn’t support my narrative!!!

Gold and silver. Will always have value. ít can fluctuate, but it will always increase Its rate over time. Gold was never not a quick money Ponzi Rug fest

I am literally going to create diamonds by having 28 thicc latinas brap into Tupperware containers. I'm literally going to be rich, thanks black science man.

just like cypto

>literally useless
>can trade it for currency at any metal smelter, coin or pawn shop
>continues to be hoarded by central banks and governments

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100% brainlet NPC answer

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nanomachines exist retard

It’s literally a shiny rock
I don’t care if it has legitimate use, it’s fucking old and doesn’t have 1500% returns over 4 years

this. similar to oil's EROEI, asteroid mining still has to satisfy the black-box equation of "net $value-out > net $value-in"
if this equation isn't true, then the operation does not execute in America

you deserve to be gassed out of the genepool, being this much of a cretin shouldn't be legal.