If human technology advances exponentially it wont be long until it is so sophisticated acquiring any type of mineral in large quantities will be trivial. As much as bitcoin gets ragged on with quantum fud atleast there are already contingencies being drawn up to make btc wallets quantum resistant, no such contingences can ever be made for gold or silver. We can already identify asteroids with 10 quintillion dollars worth of gold, what happens when it starts being mined?PM holders will say the most valuable use case for gold or silver is in the event of total societal collapse, currency debasement and a permanent shut down of the internet. But how much will gold even matter in a world like that? Guns, ammunition and food will ultimately become the most desirable commodities (maybe even just guns and ammo). Your gold will be worthless if you are missing one of the aforementioned three. So until then shouldn't I just stockpile bitcoin, guns, ammo and preserved food?
>>61950195buttcoin is not gonna replace gold, retard
>>61950195are you familiar with the idea of post-scarcity?what's actually going to happen is you're going to exist in a simulation, as part of that simulation. You won't have a body so you won't have any access to physical gold. All the gold in your world will be simulated, and they can simulate infinite gold if they want.
>>61950205Could be sooner, could be later, but will, eventually.
>>61950544>dude, literal nothing is gonna replace a metal created by stars that humans have valued for thousands of yearsliterally kys. it would do humanity a favor. we can't afford stupidity like this infecting the young generation
>> muh asteroids.
>>61950586If you understood how gold works as money, you'd know that it's true. You don't understand gold.
>>61950669>muh fire>muh agriculture>muh wheel>muh bronze tools>muh printing press>muh automobile>muh airplane>muh internet>muh artificial intelligence>muh space mining>muh quantum computers
>>61952108what's the current time estimate until asteroid mining?
>>61952152There are concepts of a plan
>>61950195Even if there's a massive gold deposit found in some asteroid in space, the cost to mine that asteroid would have to be smaller than the value of the gold mined. Or else no one would mine it. Think about the costs of the mining equipment, the cost of crews to man them, the cost of the fuel to send a rocket to the meteor, the cost of the ship itself. The man hours on said asteroid. Etc, etc, etc. It can cost upwards of 100 million dollars to launch a manned rocket into space. Likely even more than that with all the extra stuff you'd have to haul to actually mine the asteroid. Not to mention shipping the gold back and forth is going to cost a metric shit ton. Not to mention gold is extremely dense, which means shipping it is extremely difficult for space travel.The the current rates of gold and taking into account only the cost of the rocket going and coming, you'd need to bring back 2tons of gold from every trip to break even. That doesn't account for the mining operation cost, the man hour costs, or any other costs. Simply the cost of the rocket.In short:You're retarded. The only time such an expedition would be feasible, were if gold costed exponentially more. Which completely defeats the point you're trying to make.
>>61952152Current "estimate" is 2040s but who the fuck really knows. We can't know exactly what technological advances will be made and when, all we can really say for sure is productivity will increase. Maybe AI accelerates the efficiency of earth mining, maybe we mine asteroids or maybe we just find some way no-one has even thought of yet.
>>61952184>It can cost upwards of 100 million dollars to launch a manned rocket into spaceNow, it does. NOW being the most expensive and least efficient it will ever be. In 1980 it cost 10 million dollars to make a "supercomputer" with less computing power than a first gen iphone in 2007. You would do well to understand this.
>>61950195Ultimately 99% of all shitcoin "investors" don't see it as an alternate currency free from government control or anything like that. They're just riding the high of wanting to be the next guy to get rich when buttcoin goes to a bajillion dollars, but unfortunately, that ship has sailed. These fake digital coins were invented so Epstein could buy children and then make bank converting it to money when it pumped. Gold and silver are real money
>>61952184>tfw you were born in an age without cost effective space travel
>>61952217You're an idiot. Ultimately 99% of stock investors don't see shares as a stake in company or anything like that. They're just riding the high of wanting to be the next guy to get rich when the stock market goes to a bajillion dollars.> that ship has sailedYou can't predict the market, especially for an asset that you don't even understand. > fake digital coinsCan you explain this? None of you seem to be able to. > invented so Epstein could buy children moron.
>>61952210Brother, I was talking about the cost to LAUNCH the rocket. Not manufacture it. The manufacturing cost is around 45m for a SpaceX Falcon 9.It costs in the ballpark of 100m to LAUNCH the rocket. Then you need to factor in the fact that hauling mining equipment is going to take multiple launches, or significantly larger rockets which will cost more to manufacture and launch. Then you need to factor in the the cost of the mining equipment, because it won't be efficient to bring it back. Which will be easily over 250m.So let's just call it 500m, which is 6,250 pounds of gold to break even. But that's vastly underestimating the cost of the rocket and launch, because the rocket alone is probably close to 300m to ship something like that. Then you need a space station, operation costs of the mining station AND the space station. You're looking at 1.5b just to start mining the gold.Which means you'd need to mine 300,000 OZ of gold at the current value to break even BEFORE YOU EVEN START shipping it back. That also doesn't factor in R&D costs, of a ship and the mining equipment. Nor does it even factor in things like rocket fuel for back and forth, nor does it factor in the electricity to power such a massive mining operation. Nor does it factor in the difficulty of shipping gold in space because of its extreme density. And this all "best case scenario" costs. It could easily cost over a bill for the mining equipment, plus another bill for the rocket plus another 2bill for the station. Plus operating costs and man hours to assemble all that shit.The only time this would be feasible would be in a world where gold is like 50k/oz. Which again, disproves the claim being made.>>61952227We aren't very far from cost effective space travel. The main hinderance is weight. And to ship heavier things you you bigger, heavier rockets. Which makes it exponentially more difficult and costly.
>>61952184We already know of one massive gold deposit in this solar system, the asteroid Psyche-16.But you are correct, it's far too difficult to extract and bring back.
>>61950195Land, food, water
>>61952330You seem to be entirely misunderstanding the point I was trying to convey to you. All of those things continually become more efficient and cheaper as technology advances. Everything you're saying is under the complete false assumption that efficiency will never increase and operating costs stay the same.
>>61952314>Ultimately 99% of stock investors don't see shares as a stake in company or anything like that. They're just riding the high of wanting to be the next guy to get rich when the stock market goes to a bajillion dollars.What are dividends?>You can't predict the market, especially for an asset that you don't even understand.Trust me bro buttcoin is gonna moon to a million just buy more it's what every world govt wants you to do who cares if it loses 50% of its value if a video of trump farting gets posted on xitter>Can you explain this? None of you seem to be able to.Can you melt a Bitcoin and turn it into jewelry? Can you melt that jewelry and turn it back into a Bitcoin? Can you dissolve it in acid and hide it on a shelf in a jar in plain sight? Oh it's just ones and zeroes on a screen? I guess its not real and it can just disappear if you don't have access to a computer or the Internet or electricity huh.> invented so Epstein could buy childrenYeah, Epstein is satoshi and you're probably an Indian who wants old people to buy Bitcoin so you can scam them, kys fagit
>>61952356You're missing your own point. It will likely never be economically feasible to mine gold to dump it on the Earth market. Space rockets will never be mass produced on the same scale as something like computers. And that's what pushes the prices down, mass production. Having more advanced production is not cheaper, it's more expensive, but it has the benefit of being able to produce larger quantities. Look at car factories, they're huge and produces hundreds of cars per day. THAT is why cars are cheap.Rocket factories will never be on that scale, NEVER. Because the average consumer won't be buying a fucking rocket that is capable of sending a large scale multi-billion dollar mining rig to an asteroid to extract one of the most difficult ores to ship due to its density. Use your fucking brain man. For 0.1 seconds.The cost of everything trends upwards. Operation costs trend upward, energy costs trend upward, employment cost trends upward. Cost of raw materials trend upward. And even if there came a day where we started mining gold in space, it wouldn't be to transport it back to earth. It would be for use in space to avoid the cost associated with shipping it from Earth.You sound like a kid that played no man's sky once and thought "WOW WE COULD TOTALLY DO THIS IRL FOR REAL AND MAKE BIG DOLLAR MONEY MONEY SIGNS"
>>61952387>What are dividends?Dividends are a fucking meme, they are useful only when you already have a bajillion dollars. No working person is DCA'ing their retirement into high dividend etfs, its always high growth broad market equities that don't pay shit in terms of yield.>Can you melt a Bitcoin and turn it into jewelry?KEK, this is what shiny rock holders always default to. Can a nigger wear it on his teeth? No? guess it has no value then, my semitic jewler told me so.>I guess its not real and it can just disappear if you don't have access to a computer or the Internet or electricity huh.If you don't have access to the internet or electricity then its the apocalypse you dumb nigger. No one will care how many shiny rocks you have when they are going to be shooting you in the head and taking your food.>you're probably an IndianProjection.
>>61952414You are right. They are literal manchilds dreaming of the next pipe dream that's just two weeks away. If it was feasible to mine raw materials in space, it was also feasible to mine them in the oceans. Guess why it isn't? It's not profitable to do so, that's why.
>>61952387> What are dividends?What is staking?> Can you melt a Bitcoin and turn it into jewelry?Do you think this is why we've used gold as money?> Can you dissolve it in acid and hide it on a shelf in a jar in plain sight? Not necessary. It's invisible and intrinsically secure. > I guess its not real > the internet and software aren't real, stay away from investing in Google, Microsoft, Apple, and Faceebook> it can just disappear if you don't have access to a computer access to a computer or the Internet or electricity huhDo think that you're going to be able to vastly overpay for things and draw attention to your resources at the gas station, when the electricity and internet go out?> Yeah, Epstein is satoshi You're a moron.
>>61952430Meant for >>61952406 of course.
>>61952406>Rocket factories will never be on that scale, NEVER. Because the average consumer won't be buying a fucking rocketThe average consumer is not buying heavy construction machinery or airplanes that doesn't mean they aren't manufactured at scale by assembly lines. What the fuck are you even talking about man? China is already starting to mass produce reuseable space rockets. This point alone just demonstrates to me you have very little understanding on this topic yet speak authoritatively on it.
>>61952414Making over $40 in dividends in 5 years on a small retail account is not a nothing burger. Especially when the first 2 years I was only getting pennies. I would be a little in red for total profits if it were not for dividends. That is how you make money off of stocks that crab most of the time. Some of them if you just hold for 15 or 20 years you get all your money back in dividends. I did the math on the highest paying ones. These are not ETFs. I own 5 stocks that pay 2% or more.
>>61950195Ok lets estimate the odds here>Asteroid mining0.01% chance that this happens>Gold still being used99.9% chance that this happens
>>61952477You don't have a single idea what you're talking about, do you? China produces 25 reusable rockets a year, that's 2 a month. Does that sound like mass production to you? Rockets that cannot even break even on transporting the ores. They cannot even land on an asteroid. So you'd need a super specific space station for it to dock on. Gold will probably never be profitable to mine in space with the intent of delivering it back to earth. If we do mine gold in space, it will be for space use to avoid the extreme shipping costs of shipping something so dense. And all the nearby asteroids which we could mine aren't gold. >>61952430I have no idea why this guy is so attached to the idea of some giga-billionaire burning billions and billions of dollars just so he can dump space-mined gold onto the earth market at a massive loss to crash the price of gold.Makes about zero sense. I mean, maybe it makes sense in 2000 years when some planet tycoon ultra bazillionaire sees that earths gold price is significantly higher and he can profit off that, but even then...
>>61952414>>61952435
>>61950195>Your gold will be worthlesssomething that never happend in human history will happen in two more weeks
