—Wernher von Braun
I’m so sick of NASA begging for money. I’d say it’s pitiful but they don’t even deserve my pity. You want money, provide a service that people want to pay for.
Don’t give me some bullshit about “people don’t want to pay for space exploration” because SpaceX, Virgin Galactic, and even Red Bull have proven that you can profit from venturing out of Earth’s atmosphere.
So what happens when the technology exists to just print more gold?
Or to mine space for asteroids filled with gold or platinum!
Here’s a good podcast about Peter Diamandis (Planetary Resources) talking about the economics of space mining. Even Neil deGrasse Tyson gets it.
I think we can apply the same idea/economics as space mining to gold “alchemy” on Earth.
The cost per unit of gold drops but there’s now more gold for people to use and it’s more affordable. We can now have more gold plated electronics and heat shielding and such at a cheaper price. We all gain from better and more efficient electronics and other products which the limited quantity and high price of gold is denying us (the market) from achieving.
By the way, we can “make” gold right now if we wanted to, we just need a lot of money, a lot of shielding (from radiation) and a lot of time (to let the isotopes decay) and then we can extract gold from mercury!
Completely forgot to link to the Peter Diamandis piece: http://www.startalkradio.net/show/eureka-asteroid-mining/