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i think it's a brave assumption that gold will forever be as valuable as now.
by wengo314 4y ago
i think it's a brave assumption that gold will forever be as valuable as now.
- hanniabu 4y agoGold is a really useful material
- sokoloff 4y agoIt’s not that it would need to be as valuable forever but rather the opposite: that it be forever not looted.
- GTP 4y agoIndeed, it is a reasonable assumption that it will get more valuable over time, as it is a scarce resource.
- literalAardvark 4y agoGold is extremely common in the solar system. In the next few hundred years it's pretty likely that gold price will be marginal, as asteroid miners looking for less useless materials such as nickel, cobalt and platinum mine an excess. So no, unless for some hidden reason asteroid mining doesn't work out, which is pretty unlikely given how badly the developed world needs that material.
- code_duck 4y agoGold is quite useful as a corrosion-resistant conductor. If it wasn’t, cheaper metals would be used in its place in electronics.
- GTP 4y agoBut wouldn't use such miners make the extraction cost higher?
- mixmastamyk 4y agoThis thread reminds me of a Twilight Zone episode. https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper