I hope palladium and other PGM become worthless so catalyst converters are ok to own
this post was submitted on 16 May 2026
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Gold actually is worthless but humanity has decided it has value. Whats actually valuable is food, water, housing, mental peace, low stress, moral standards etc.
Gold is a actually extremely useful, and has a ton of practical applications where it's not used because of cost. Diamonds, which are supposedly abundant in asteroids, and quite plentiful on earth, on the other hand, can be manufactured in tool grade cheaply, and gem grade can be made for about $300/carat.
Yeah it’s super useful for semiconductors
It's a good conductor, doesn't corrode easily.
Gold price would lower until it's the same price as it costs to mine and bring it to earth, if that's at all lower than whatever it's currently.
Not if I get to it first
And that's exactly what every billionaire is thinking.
godspeed brownsugga
On all that is Holy. That would be a helluvah strong astronaut name. I'd be like, "That's my astronaut."
Blessings to you
It's funny that people think the wealth from asteroid mining will trickle down.
If anything, it seems like an opportunity for billionaires to have indentured servants who are stuck in outer space mining until their term is up. That’s probably some of the reason they have been investing so heavily in prisons.
Oi, beltalowda
You may think that you are scared. But you are not. That is your sharpness. That’s your power. We are Belters. Nothing in the world is foreign to us. The place we go is the place we belong. This is no different. No one has more right to this. None more prepared. Inulada go through the ring. Call it there own. But a Belter opened it. We are The Belt. We are strong. We are sharp and we don’t feel fear. This moment belongs to us. For Beltalowada!
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Being rich isn't having wealth. It's keeping what has value away from anyone else.
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#dontlookup
Great movie. I have a lot of friends in scientific community, I swear all of them have had a #dontlookup moment in their life
Hey, I'm game! Oversaturate the gold market and those at the top (including governments) would instantly be knocked down to regular people's level financially!
That being said, if this ever happened, there would be new laws and standards implemented immediately in order for nothing to change... The game is rigged. If the top 1% begin to lose, they just change the rules...
I mean, they'd switch value systems. They've already done that by making "debt" as the unit of value.
More likely - whichever billionaire mined it (well, funded the mining anyway) would hoard it off the market to keep the value high and make them richer.
“The mine owners did not find the gold asteroid, they did not mine the gold asteroid, they did not mill the gold asteroid, but by some weird alchemy all the gold from the asteroid belonged to them!”
Bill Haywood
No, that would make a few people incomprehensible wealthy while everyone else starved.
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Everyone “being a billionaire” and having a huge pile of worthless metal won’t increase anyone’s standard of living to the same degree as nobody being a billionaire and nobody hoarding resources.
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The biggest value of this meteor is not gold it’s iridium and ironically it’s what we need to explore more other planets because iridium melting point is way higher. Also high precision electronics needs it
This would be useful for tech reasons I think. Isn't gold a better conductor than copper?
Nah, copper has better conductivity. Gold is better with corrosion resistance and it doesn't char when making contact. That's why it's used to plate terminal contacts, like the ends of hdmi plugs, and switch contacts. Silver is the best.
De Beers has entered the chat
If you actually love your SO you need to save up 2 years salary for a ring.
At least everything would be covered in gold then. Electronics would be cheaper too.
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