That cap on gold got looser. 🤣
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50 sats \ 0 replies \ @grayruby 1 Jun
Is it feasible to mine it from earth's crust though?
Even though things like asteroid mining may not be economically feasible I do wonder if the prospect alone puts a cap on gold prices. Sure at 3k an ounce it is not worth it but what about at 10k an ounce.
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20 sats \ 1 reply \ @Riberet 1 Jun
That gold is going to be difficult to extract...
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0 sats \ 0 replies \ @metadavid OP 1 Jun
Yeah. I think gold will have to hit a certain price point to justify the effort (and it can’t be a price spike).
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0 sats \ 0 replies \ @metadavid OP 1 Jun
That’s how I’m thinking about it. If it’s worth the effort, then sure.
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