Posted on 06/26/2019 8:02:12 AM PDT by bananaman22
Very interesting.
But, I think that if we suddenly got that much gold literally falling out of the sky, the price of gold would go way down.
Glad you made that point, so I did not need to do so.
Sure, because all of here are smarter than the author.
Ah, not a great idea; According to the late motivational speaker Charles “Tremendous” Jones. He dreamed that he and everyone else had each won a million $$$! When he awoke, nothing worked. No electric, no water, no police, no buses, no groceries, no farmers working.....nothing! Nobody was working anymore. Everybody was rich. That would not be good. Food for thought.
What good is being a billionaire when a loaf of bread is going to cost a million dollars?
What the author is trying to say is that there is SO much gold in that asteroid it could make everyone rich.
So you already groked that if every single person on the planet had close to a trillion dollars, close to a trillion dollars wouldn't even buy a loaf of bread anymore.
Sort of like the gazillions in diamonds the russians have in a vault someplace? :-)
“The Golden Asteroid That Could Make Everyone On Earth A Billionaire”
...and, a Big Mac would cost $78,000.
**********************************************
Well, Oprah would be able to say “You get a Big Mac and you get a Big Mac and you get a Big Mac and......”
Must be a Democrat/liberal. Because they have no clue how the real world works.
Oil has (cartel), but the relative value of aluminum has dropped quite a bit.
If everyone was a billionaire it'd be worth this.
and bernie sanders will demand every last penny of it while complaining about ‘rich people’
There was a time when aluminum was a precious metal, due to the difficulty in extracting it. When it became cheap to produce, we found other uses for it, from aircraft to food wrapping. We will probably do the same thing with gold, using it for its chemical and physical properties, rather than its use as a measure of wealth.
I was going to say that ... only no where near as well as you said it...
Yeah...I don’t understand how only analyzing wavelengths of light you can tell what an asteroid is made of at its core.
Those who do not learn the lessons of history are condemned to repeat them.
A long time ago, Spain conquered the New World and brought unimaginable gold and especially silver back to Spain. Silver became so common that it lost almost all its value.
Once upon a time there was a King in Africa who had a near monopoly on the known world’s supply of gold. He and his followers went on a Muslim pilgrimage to Mecca and where he stopped he spent lavishly, destroying the value of gold in those communities.
It is so nice to see that the media is so ignorant of history and in turn economics They really are all about Fake News.
They are Democrats. The bottom half of the Bell Curve. If it weren't autonomic, they'd forget to breathe.
So gold would be worth a smidgen more than tin because it is prettier, and tin would be worth a little more than dirt if tin is one of those (semi)heavy metals in that asteroid.
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