> gold, nickel, and / or iron that's supposedly worth many times more than the entire global economy
You hear these statements sometimes about asteroid mining, and they betray a misunderstanding of the way economies work. The reason gold/etc. is expensive is because it is scarce. If we suddenly have an abundance of these materials, then they will be cheap. The intrinsic value of these metals is not worth multiples of the global economy.
You hear these statements sometimes about asteroid mining, and they betray a misunderstanding of the way economies work. The reason gold/etc. is expensive is because it is scarce. If we suddenly have an abundance of these materials, then they will be cheap. The intrinsic value of these metals is not worth multiples of the global economy.