179 sats \ 3 replies \ @grayruby 8 Nov \ parent \ on: How Can Mining Asteroids in the Future Make Us Richer Today? econ
Clearly the market doesn't believe this to be the case Gold prices are near ATH.
Unclear, since we don't know what they would have been. Maybe prices are rising because production hasn't increased as much as it would have in the absence of expectations of future space competition.
It does indicate that people aren't expecting space mining to be economical at crazy low prices, though (at least not in the economically meaningful future).
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I agree and that's something prospective asteroid miners need to take into account, especially for gold. They're in the same position as the hypothetical gold miner I described earlier.
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