Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: rarestia

What would that do to the price of gold?


6 posted on 02/17/2012 6:15:26 AM PST by Godebert (NO PERSON EXCEPT A NATURAL BORN CITIZEN!)
[ Post Reply | Private Reply | To 5 | View Replies ]


To: Godebert

It’s absolutely ludicrous to think that precious metals, minerals, ores, and even petroleum can’t be found elsewhere in the solar system. They were either extant on Earth or were deposited here by ancient asteroids/meteors, etc. (panspermia).

If these ores, esp. gold, were found elsewhere in the solar system, I predict that the price of gold won’t budge for a while. It will take several years to get the proper equipment into space and staged for mining operations on the moon or elsewhere. Then those mined materials have to be either refined on site or brought back to Earth. Either way, it’s not a money-making operation right off the line. It’ll take probably decades to get a regular supply line coming in to affect gold in any real way.

But just imagine the possibilities if iron, titanium, molybdenum, chromium, vanadium, or any other building material metals could be found in large quantities on the moon or Mars. We could see an extraterrestrial building boom and a space-based industrial revolution that would make every man, woman and child on Earth rich.

Get us off this rock!


7 posted on 02/17/2012 6:23:10 AM PST by rarestia (It's time to water the Tree of Liberty.)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson