To: KoRn
“If there’s Gold here, there’s DEFINITELY gold elsewhere, among with other precious metals. However, how cost effective is it to mine and bring back?”
Also, when it comes to gold, keep in mind that the more of it you find, the less it is worth. Gold has been pretty stable since we discovered most of the exploitable gold on Earth by the end of the 19th century. Open up a bunch of mines on other planets, and it would lose stability again.
5 posted on
11/03/2014 2:43:01 PM PST by
Boogieman
To: Boogieman
"...Also, when it comes to gold, keep in mind that the more of it you find, the less it is worth. Gold has been pretty stable since we discovered most of the exploitable gold on Earth by the end of the 19th century. Open up a bunch of mines on other planets, and it would lose stability again..."
Gold (as well as Diamonds) have great practical use for things like electrical circuits or cutting tools. Let them get cheap. Imagine electronic devices with pure gold circuitry because it is cheap enough to do so. Imagine something equally cool with scads of cheap diamonds.
6 posted on
11/03/2014 3:04:22 PM PST by
Rebel_Ace
(My wife told me to update my tag, so I did.)
To: Boogieman
Also, when it comes to gold, keep in mind that the more of it you find, the less it is worth. Gold has been pretty stable since we discovered most of the exploitable gold on Earth by the end of the 19th century. Open up a bunch of mines on other planets, and it would lose stability again.
That’s why we’ll look for “unubtanium” instead!
19 posted on
11/03/2014 6:21:06 PM PST by
Rides_A_Red_Horse
(Why do you need a fire extinguisher when you can call the fire department?)
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