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Asteroid Worth Quadrillion Dollars Could Collapse The Global Economy

Discussion in 'Gold Silver (All things Metal)' started by Bottom Feeder, May 29, 2017.



  1. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    The asteroid is called 16 Psyche. It is a massive chunk of precious metals that include platinum, gold as well as iron and nickel.

    16 psyche.jpg

    According to Science Alert, the 16 Psyche asteroid contains $10,000 quadrillion of iron alone. If NASA could find a way to mine the minerals of the asteroid and bring these back to Earth, it would collapse the global economy...

    The 16 Psyche asteroid orbits the Sun between the planets Mars and Jupiter.

    The asteroid measures 240 km (149 miles) in diameter. It is nowhere near as large as some other known asteroids in the asteroid belt. The largest asteroid in the belt is Ceres and it has 945 km (587 miles). But Psyche is by far the largest exposed iron metal body in the asteroid belt.

    http://www.scienceworldreport.com/a...steroid-could-collapse-the-global-economy.htm

    Sell yer PMs fellas, here comes the crash!

    BF
     
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  2. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    "here comes the crash"...I see what you did there. Haha.
     
  3. D-FENZ

    D-FENZ Gold Member Gold Chaser Site Supporter ++

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    Infinitely more likely is a 2 cent asteroid plunging a few unlucky survivors into the stone age.

    My 2 cents...
     
  4. SilverCity

    SilverCity Gold Member Gold Chaser

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    I'll take one of those quadrillion $ asteroids over bitcoin any day. LOL

    (as long as it doesn't land on me)

    SC
     
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  5. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    :p It was an accident :D

    BF
     
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  6. RealJack

    RealJack Gold Member Gold Chaser

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    Now that's deep storage for the deep state.
     
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  7. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Need some of those Amazon rockets to land it on DC.
     
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  8. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Double win. Lands on DC, and we get to pick up the gold after.
     
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  9. Professur

    Professur Midas Member Midas Member Site Supporter ++

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    How could it collapse an economy that isn't based on anything? Hell ... it might one day help actually balance the books.
     
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  10. glockngold

    glockngold Gold Member Gold Chaser

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    Ok, scrap steel is paying what? 2 bucks a hundred?
    And it will take $1,000,000 Quadrillion of rocket fuel to bring home $10,000 quadrillion of iron.
    Oh those wacky scientists... what will they come up with next?

    Noticed the article didn't mention silver content.
    Guess that's not even worth mentioning since iron ore is more valuable than that stuff...
     
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  11. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Just change its orbit so it crashes into a shallow sea here on earth. Simple. What could go wrong...
     
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  12. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    FUNNY
     
  13. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    Collapse it for the banksters.

    bf
     
  14. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    We don't bring it home, guys, we use it right there to build stuff.

    BF
     
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  15. stAGgering

    stAGgering Silver Miner Seeker

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    Imagine, hoax and staged presentation.
    Coming from a species on a planet covered 3/4 by water,
    under which lies more resources than some piddly flying space rock,
    but we avoid solution and fantasize our brilliance.
    Amazing how retarded western civilization appears in hindsight.
    Foresight as well for those with IQ and rational thought process.

    By the way, we have enough iron mined to drop price for decades, not even considering recycling.
     
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  16. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    We can't stop killing each other yet we think we can mine an asteroid :belly laugh:
     
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  17. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    we're doomed, I tell ya, doomed!

    BF
     
  18. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    ....im thinking we could just print up a shipping label for it and USPS would deliver it......:)
     
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  19. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    "IF" is the operative word here...
     
  20. madhu

    madhu Silver Member Silver Miner

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    And NASA must be peddling more of these stories to the congress men to con the tax payer quadrillion dollars. We have now lifted off from trillions
     
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  21. Zed

    Zed Size doesn't count! Midas Member

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    Yeah... spendy iron ore! That was my first thought.
     
  22. Zed

    Zed Size doesn't count! Midas Member

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    They have to... congress are the only one dumb enough to buy the line.
     
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  23. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    That's why I'm buying bitcoin. No asteroid up there where people can mine bitcoins.
     
  24. solarion

    solarion Gold Member Gold Chaser

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    No asteroid for old men. Coming to a theater near you!
     
  25. Gun Ban Extremist

    Gun Ban Extremist Seeker Seeker

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    Collapse the global economy? Just the opposite -- mining it could enable a brand new era of human advancement and prosperity. It's resource scarcity, not abundance, that crashes economies. This asteroid might even serve as a starting point for building our very own Dyson sphere.
     
  26. Joe King

    Joe King Gold Member Gold Chaser

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    Yea, just imagine if by mining an asteroid we could get more gold than the Earth has iron. We could make everything out of gold. It'd start being used like copper is today.

    I think what they are talking about is how it would affect all the current big-money investors if these markets were suddenly flooded with cheap product. It'd wipe 'em out, but as you state, it would in the long run be great for society.
     
  27. solarion

    solarion Gold Member Gold Chaser

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    ...particularly if it hit DC.
     
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  28. stAGgering

    stAGgering Silver Miner Seeker

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    Unless every coin you hold is same both sides; resource abundance also crashes economic sectors aka supply surplus.
    Many factors result in such.
    Every coin regardless of image, still has two sides.
    Similar to firearms, know both and increase wealth... or time to expend.
     
  29. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    Yeah, we've had 4,000 years of gold as money. What if all of a sudden it was as plentiful as tin?

    BF
     
  30. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    Tungsten is Money
     

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