If even 5% of the gold is harvested, gold would become as valuable as paper.
@thattrollagen3 жыл бұрын
Just leave it in space. Make robots that make bigger robots. Make Japanese tv shows. Tentacle porn
@deathmetal65463 жыл бұрын
Lol electricians be drooling, as gold is the best conductor of electricity, but obviously too expensive. If we mined this, we could have reliable gold electrical wiring! That would revolutionize our data and power infrastructure.
@rickybe3 жыл бұрын
Exactly
@rodolfoperales13573 жыл бұрын
Anything not from this world especially gold or silver from the fck ing moon or an astroid worth 100xs what gold would be worth on earth
@kristopherleslie83433 жыл бұрын
End poverty and reform to one government. Let’s explore space
@Steve-ur8rc3 жыл бұрын
If we mine gold that much, then gold is same like a dirt.
@sc28233 жыл бұрын
And technologies will advance like crazy
@mahuk.3 жыл бұрын
Dirt is not an electrical superconductor. Gold is one of the best conductors in the world but we can barely use it because it is rare end expensive. The day someone mines this asteroid the price of gold will drop to the ground, but the advances in technology it can carry are enormous, and the first company to use that technology will become rich or richer even if the price of gold goes down.
@JPowerMMA3 жыл бұрын
Mining it wont be cheap
@alexandercrush3 жыл бұрын
Pretty much. But the first 5 years whoever mined it first would become extremely rich though.
@alexandercrush3 жыл бұрын
Or he can do what they do with diamonds and hold the supply back to artificially inflate the prices. As there are tons of diamonds.
@ZaroYuki3 жыл бұрын
Chine be like: *we own that asteroid since 500 AD*
@zqzj3 жыл бұрын
I heard they're building an island on the asteroid 😂
@darshansolanki90833 жыл бұрын
I heard that they are making a second moon. But we gotta accept the Science in China are really is ahead of its time .
@evanantonola49353 жыл бұрын
Desperate China.
@Tsamokie2 жыл бұрын
And we (USA) own the Moon since 1969. It's all ours. bwwaaahahahahahahahahahahaha
@hitzncritzmobilegaming99882 жыл бұрын
Yes Chine... ; )
@no67183 жыл бұрын
Me if I was Elon Musk: Let’s put a mining robot on there!
@vladtheg4m3r703 жыл бұрын
“Alright comrades, we are going to space”
@123456789271643 жыл бұрын
Meet you there, as your enemy.
@IMSimplySuperior3 жыл бұрын
@@12345678927164 imposter if u will
@ayaanahmed29953 жыл бұрын
We are coming for you kind sir
@johngillespie82293 жыл бұрын
May God protect all the astronauts and cosmonauts that travel into space.
@thek.g.b74283 жыл бұрын
@@ayaanahmed2995 I don't think so.
@Better_selection3 жыл бұрын
A future millionaire will like this.
@okoo49453 жыл бұрын
Not with a name like that lol
@IMSimplySuperior3 жыл бұрын
@@okoo4945 lmao
@michelleobamaspenis97353 жыл бұрын
Go to hell
@fastcar5443 жыл бұрын
Beggar
@fastcar5443 жыл бұрын
There are 2.2k idiots in this world
@aspencer18113 жыл бұрын
The technology we can harness with this level of rare earth metals is what's really important
@acesman1112 жыл бұрын
@Denis Doc it won’t do shit for us. Only benefiting the rich
@yannicknederhoff19902 жыл бұрын
@@acesman111 you don't have a phone or computer? If you do then you should reconsider your comment.
@cryptobungus57782 жыл бұрын
@@acesman111 How do you think they got rich? They sold something valuable to other people. Rich people will eventually make society better (in an economy with regulation) because money is how you are rewarded for making something valuable.
@LunarOverdrive Жыл бұрын
woah, slightly more gold... truly revolutionary. Do you realize how much materials it takes to get to space, (including gold for the computers) let alone mine something as heavy as gold then bring it back to earth? It's a literally impossible task: you're spending more money than you're extracting
@tylersoto7465 Жыл бұрын
All that gold and platinum wouldn't be used economy wise but great to mass produce conductor and electronic parts easier and cheaper
@robertpearls34342 жыл бұрын
For you to be rich, tactical steps must be taken to retaining it.
@robertpearls34342 жыл бұрын
When you invest, you're buying a day you don't have to work!
@felixmall76432 жыл бұрын
Nice one
@cynthialefort82892 жыл бұрын
Crypto Trading has been the best way to earn geniun cash, waiting for the Government it's a total waste of time
@calvinmcdonalds64752 жыл бұрын
Can I earn up to €17000 weekly?
@philipramsey97132 жыл бұрын
It's very possible
@Yabuturtle3 жыл бұрын
"I'll have a cup of coffee please" "That will be $10,000,000, sir"
@RRKS3 жыл бұрын
Makes me think of a video i saw on youtube once. A guy that payed for a car with like.. 5 wheelbarrows of coins :D
@zakiahmed66553 жыл бұрын
Really do you remember the vid
@seshieman25793 жыл бұрын
@@zakiahmed6655 it was mrbeast
@zakiahmed66553 жыл бұрын
@@seshieman2579 ahhh him that makes sense I can probably find the vid now thx
@danilosantos29383 жыл бұрын
I have not seen any specific strategy as that of Mr Danilo Santos as his signals are very accurate. You can reach out to him on WhatsApp....👇👇 +1 9 1 7 7 3 7 6 5 1 4
@mumysaysimcool43023 жыл бұрын
If everyone was a billionaire nobody would be rich
@MrInstag8tor3 жыл бұрын
Don't tell democrats that, everyone can be rich according to them
@ALTJ19863 жыл бұрын
If everyone become billionaires then money would lose its value, no one would want to get back to work, world’s economy would stop.
@TheSaneMongrels3 жыл бұрын
@@MrInstag8tor Not a single democrat in power thinks or says this.
@mikethemenace70943 жыл бұрын
Shen Storm not what the media tells you. Democrats have zero clue how to balance anything
@RedCatty3 жыл бұрын
seníor Rico thats exactly the same as money becoming worth less
@DeathGunI2 жыл бұрын
The only thing that would become valuable is creativity. It's the mind that makes things valuable.
@michaelyelverton11942 жыл бұрын
That's the dream we strive for
@cassiejacobs41972 жыл бұрын
When you invest, you're buying a day you don't have to work
@faradaygeorge60242 жыл бұрын
@Dr Robert You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
@chrispaul37782 жыл бұрын
@@faradaygeorge6024 It's not ignorance but due to some unprofessional advisor in the market
@loydriley92212 жыл бұрын
Bitcoin is the most profitable investment online of only you trade with the help of a professional expert
@jeremygood32462 жыл бұрын
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
@jeremygood32462 жыл бұрын
Learn and trade under a guide I do same and I hardly make losses in the market
@wildfood13 жыл бұрын
Reporter: Elon, how much money do you expect to earn from this venture? Elon: All of it...
@liberatorg4103 жыл бұрын
Elon: yes
@Ni9kye3 жыл бұрын
Greed know no bounds
@tigerdoug97893 жыл бұрын
Lol 😂
@amyjones11193 жыл бұрын
💙🧢😨🖕
@user-dm4ey3pu6i3 жыл бұрын
Actually if there would be alot of gold or diamonds the worth of it would o Go down so u would only earn like a million if you sell all of the gold
@darkguardian13143 жыл бұрын
Title should be “plan to” and not “is mining”,since no one is actively mining asteroids for profit right now....that we know of.
@phoon4043 жыл бұрын
Little irony is that NASA just "mined" few grams from asteroid :D.
@wouterdevlieger10023 жыл бұрын
And it should not include 'SpaceX' just for clicks. SpaceX has no plans to mine asteroids. Although as the cheapest launch provider available, they have an easy way to get a share of every space venture. Every company that has been working on asteroid mining has gone bankrupt or discontinued their asteroid mining efforts. We're too many billions of development dollars away.
@wouterdevlieger10023 жыл бұрын
@@phoon404 which shows you the current state of technology. Sending an 800 milion mission to bring back 60 grams of stuff is not quite profitable.
@phoon4043 жыл бұрын
@@wouterdevlieger1002 its about recieving new informations bruh
@wouterdevlieger10023 жыл бұрын
@@phoon404 exactly. I'm all for exploration. But I'm realistic that we won't be making a profit mining asteroids any time soon.
@abdiweliyusuf39293 жыл бұрын
scientist finds oil on asteroids America: looks like that asteroid needs a little bit of freedom
@kanengbotsha58843 жыл бұрын
Yes it does
@blazingbeast32143 жыл бұрын
The 2.3k people who disliked heve invested in gold😂😂
@aryangray333 жыл бұрын
2.4k*
@thanos99yearsago823 жыл бұрын
@@aryangray33 2.5k*
@aryangray333 жыл бұрын
@@thanos99yearsago82 i meant 24kcarrot gold
@Haveuseenmyjetpack3 жыл бұрын
Aliens: *Let's disguise the omega-warship as a giant ball of gold for the human invasion. They'll never see it coming.*
@haydenryder21343 жыл бұрын
🤣🤣😂
@yawn85733 жыл бұрын
Turns out it’s just a big bomb made by aliens
@kewlnes9873 жыл бұрын
Trojan Horse 2040 edition
@Haveuseenmyjetpack3 жыл бұрын
Alien Engineer: This giant golden asteroid bomb will ensure that any civilization capable of space exploration for-profit goes “massive blackhole”, instantly. Alien King: interesting, where does the blackhole eject them? Alien engineer: The closest thing we could find to what their scriptures describe as “hell” was Twitter. Alien King: ...Dark! Even for you Bill. Twitter? Seems harsh. Alien engineer: I haven’t had my coffee yet sir...
@TomSidProductions3 жыл бұрын
Humans: Blow up astroid to get all the gold. Aliens: Pikachu face
@letymillano10353 жыл бұрын
fun fact : in the entire unuverse, wood is much rare than diamonds.
@franciscohernandez98352 жыл бұрын
Very true, but not to use, because value is relative
@jeffw82182 жыл бұрын
So what?
@Bischlarbo692 жыл бұрын
@@franciscohernandez9835 not to use??? 🤣🤣🤣
@pimpom8862 жыл бұрын
Poop is rare too
@javairflorez78892 жыл бұрын
Ugh humans so futile
@jjbailey013 жыл бұрын
With that much gold, we can start making paper from it. Then we'll never have a toilet paper shortage ever again.
@jjbailey013 жыл бұрын
@Jay Lee gold is chemically inert. What toxic chemicals are you talking about?
@Vamp_FFA3 жыл бұрын
@@jjbailey01 lol
@originlgazza59253 жыл бұрын
The idea is gold is useful as a material but on earth there is not that much of it so elon wants it to make things of use not to make more money (I mean the things he will make from that gold will be worth more than the gold itself)
@wunpis95413 жыл бұрын
Bruh then All trees will get cut
@pearcey11132 жыл бұрын
Elon only had $73 billion when he made this video, he’s now got over $230 billion and this video was only made a year ago amazing
@jonathan-zo9nh3 жыл бұрын
How much was the burger again? “599,999,999$”
@chicom81573 жыл бұрын
"Wow! Very cheap!"
@williamnordeste11693 жыл бұрын
They won't be able to break through the dome over the earth.
@treynye97803 жыл бұрын
Venezuela?
@eliteinventor3 жыл бұрын
Royale w/ Cheese
@karaokewaala91073 жыл бұрын
@bxrchteaxx damn that's so cheap.
@Saveric3 жыл бұрын
Elon going to mine the asteroid, take it to Mars, build his golden empire there. Use his golden empire to buy the Earth.
@soyouknow82073 жыл бұрын
Only fitting for the God Emperor of Men to sit on a golden throne on Terra while his Adaptus Mechanicus start making Mars ready for colonization.
@BoxGamesYT2563 жыл бұрын
the lost golden city of mars would be a good tale to tell my grandsons when i get older
@kristopherleslie83433 жыл бұрын
He has not committed or commented on going there. No one has.
@mrban14193 жыл бұрын
@@kristopherleslie8343 when nobody says nothing best believe they’re called misdirection
@kristopherleslie83433 жыл бұрын
@@mrban1419 you know I can definitely agree to that.
@princeslewis3 жыл бұрын
So basically, billionaires are going to get richer 😔
@Joshua-jt9id3 жыл бұрын
What if they are richer
@Joshua-jt9id3 жыл бұрын
They worked hard for their money
@poutsompananaskavliaris19843 жыл бұрын
@@Joshua-jt9id they didn’t work hard they worked smart poor people do the hard work
@deadsec_xz15412 жыл бұрын
@@poutsompananaskavliaris1984 Finally a man who makes sense
@BasedAstraea2 жыл бұрын
@@poutsompananaskavliaris1984 yes most of them but that specifically does not apply to Elon Musk, or Bill Gates, etc. Elon worked hard in school as a MENSA recognized child prodigy. He helped create PayPal, sold it and used that money for philanthropic venture and buying Telsa and founding SpaceX + more. Elon is one of the most valuable engineers at all of his companies. Unlike 99% of CEOs, Elon works with the people under him, many times being better engineers than them lol. He sleep sin his factories and works 60 hour weeks. If ANY billionaire deserves every single cent they have and get, It's Elon Musk. He is immeasurably helping humanity after all.
@bohg99073 жыл бұрын
Think Elon would do this to make the price of bitcoin higher, as bitcoin can become the new gold
@krinodagamer63133 жыл бұрын
thats what I just said lol if this happens the dollar will fall hello to crytp
@jamesbell88613 жыл бұрын
You are seeing some of the picture at least. Awesome !!! Most of the commenters don't even get this part.
@Meanboooy22 күн бұрын
@@jamesbell8861hey
@natanaelmartins53443 жыл бұрын
"hey, they found an asteroid containing oil" *Space needs freedom*
@marcellothefellow3 жыл бұрын
Hey, they have something that is profitable! They need some democracy assistance!
@SteveInLava3 жыл бұрын
God says "Traveling beyond Earth's moon is restricted, you can only observe the universe but never explore it." Edit: Most people replying don't get the joke
@towoawawaboofficial3 жыл бұрын
@@SteveInLava tell your God to bite us.
@neptune09093 жыл бұрын
@@towoawawaboofficial lmao
@Saurabhgupta236713 жыл бұрын
@@SteveInLava 😂😂😂😂😂
@darkenergy4363 жыл бұрын
"the real fun will begin" *shows picture of the asteroid hurddling towards earth*
@bandanasaikia60483 жыл бұрын
Imao
@kpopscenario14063 жыл бұрын
LOL
@alwinvillero44043 жыл бұрын
HaHa YEs i can feel it
@wolfbeam91693 жыл бұрын
Ok, that was legitimately funny. Good job getting a laugh from someone who pretty much lacks a funny bone. 😀
@darkenergy4363 жыл бұрын
@@wolfbeam9169 lmao
@jineen1232 жыл бұрын
Imagine trying to tow this asteroid to earth hoping to become Quadrillionaire just to end life on earth.
@SamuelMartin24253 жыл бұрын
7:25 BRO I dead ass thought there was a mosquito in my ear 😂
@Cool_Christian_Guy3 жыл бұрын
Me in 2020: Elon can’t do that! 6yr old in 3030: oh yah we’re learning about that in history class.
@pickledorange11333 жыл бұрын
Lol let’s watch over the future as Elon musk mines the shit out of golden and diamond asteroids and makes history 😂 and the kids are gonna be like: oh yeah we learned about that in like 4th grade 🤣
@daniellemiddleton24883 жыл бұрын
Lololololololololol
@currentlyspeakingbmwmusic17933 жыл бұрын
i dont think that if humans are still there in 3030 that schools exist since the link between technology and the brain allowed to legit download this information directly to your brain
@KennTollens3 жыл бұрын
And the history class in 3030 gets a surprise visit by Elon Musk.
@daniellemiddleton24883 жыл бұрын
@@KennTollens most underrated comment lololololololololol
@Marco-ze4qk3 жыл бұрын
And why’s gold so valuable? Right, because it’s rare.
@gamers-xh3uc3 жыл бұрын
Yes is because is rare diamond is even more rare that is why is valuable
@reekz15683 жыл бұрын
Gold does things
@FreezyPop3 жыл бұрын
It be better if it was cheap so we can make technology cheaper
@alexandercrush3 жыл бұрын
@@gamers-xh3uc Actually diamonds are not rare. There are actually too much diamonds but they keep the supplies back to artificially inflate the prices.
@SamiChenFilm3 жыл бұрын
and shiny
@basscat1113 жыл бұрын
The more gold supply you bring into the market, the lower the price. Consequently, the only people who would profit from it would be the first ones selling it. After that it could drop below $10/oz. Owning a lot of it then wouldn't necessarily make you rich.
@saureco3 жыл бұрын
We're going to need more transition and rare earth metals. Vanadium, titanium, molybdenum, tungsten, antimony, gallium, tin, platinum, rubidium, beryllium, etc.
@tylersoto7465 Жыл бұрын
Agreed, but titanium and tungsten are plentiful here on earth
@Thatdude30333 жыл бұрын
Fun fact: diamonds are actually so common that they would be worth less than gold but big companies regulate their market.
@Airbender24B2 жыл бұрын
You know the people capable enough to mine an asteroid will be smart enough to control the supply of precious metals into the world economy like the diamond industry.
@dylandylandylan39402 жыл бұрын
Yeah... Diamonds suck... Seriously the diamonds smaller than 1/4th of a carat arent worth sheet.
@tylersoto7465 Жыл бұрын
All those diamonds would be very useful in drilling and other industrial uses
@widodoakrom3938 Жыл бұрын
True
@CE4JDM3 жыл бұрын
It says he *IS* mining? Huh? Maybe the title should be "Planning to Mine...."
@feedthemango21453 жыл бұрын
Bruh I was looking for this comment, these creators do anything for views
@McClarinJ3 жыл бұрын
We don't even know THAT. He didn't say so and we can't read his thoughts. That said, it makes sense that he would as it would go a long way toward paying for the colonization of Mars, a project on which he is prepared to spend everything.
@mohammadbashir40043 жыл бұрын
K nerd why do you even care about that lol
@McClarinJ3 жыл бұрын
@@mohammadbashir4004 Maybe because lying in the title to pull in more viewers sucks.
@ryanvandermerwe55873 жыл бұрын
Welcome to youtube
@4qurus3 жыл бұрын
Like how will anyone give him 700 quintillion dollars anyways?
@bepositive3253 жыл бұрын
Not one person whole earth will buy he wont flood the market at once he would slowly let it out for sales
@CodeOverReality3 жыл бұрын
People: no u cant just send rocket to random asteroid SpaceX: mining asteroid go brrrrrrrr
@SpaceSuits20203 жыл бұрын
New TV series: “Who wants to be a Quadrillionaire?” 💸💸💸
@thepoglin84793 жыл бұрын
That should sum up humanity if elon actualy collects all the gold from that asteroid (And not in a good way)
@josephcarter3773 жыл бұрын
@@thepoglin8479 no it wouldn't. The stock market for gold would crash and then its be worth 1 pound per ton of gold or something.
@thepoglin84793 жыл бұрын
@@josephcarter377 thats what i meant money would loose all its value and bassicaly be worth more defaced
@doloGD3 жыл бұрын
I wanna being Nonillionaire
@zah_old_acc3 жыл бұрын
Quintillionare*
@universaltv94053 жыл бұрын
Everybody: Space mining is imposible Elon Musk: Gucci flip flops
@tigerdoug97893 жыл бұрын
😂
@alivingbeing55513 жыл бұрын
🤣😂🤣😂🤣
@HaplessSplash403 жыл бұрын
😂😂😂😂
@rhythmrecords49453 жыл бұрын
That’s funny bro 😎
@internetexplorerchan26973 жыл бұрын
Lmaoooo I'm dying..
@daveg71723 жыл бұрын
For the cost of mining it and bringing it back down to Earth to be used as a monetary asset, it would have to be worth a lot more than it is now. I think just about everything mined in space would stay there, not dropped down the gravity well of Earth. If Armstrong happened to land on the moon right next to a pallet of gold and a pile of regular moon rock, he still would have come home with the moon rock. (ok, maybe a brick or two, just to prove that it was miraculously there)
@tylersoto7465 Жыл бұрын
Monetary value of the gold and platinum isn't what it would use , it has great conductor and electronic properties, if we can harness that we can mass produce technology cheaper and more affordable great for earth and space technology
@knighthawk8822 жыл бұрын
So the RARE earth elements on that asteroid would definitely be a positive thing. Right now a lot of rare elements are, well rare. And in hostile places.
@SweatierAcorn2 жыл бұрын
helium is rare on earth but very abundant in space.
@Yesser.a66643 жыл бұрын
The price of gold is based on the fact that there’s a limited amount of it on earth. If we are able to mine gold somewhere else and bring it to earth. That will definitely devalue the price of gold. So that won’t be good for big gold investors.
@I_like_turtles_673 жыл бұрын
Great for all our electronics.
@mikelang48533 жыл бұрын
*Limited easily accessible. Is supposed to be plentiful deep deep below ground. The resources in space should be left in space for building something massive in space that will benefit everyone. Maybe a big ass power generator to provide clean energy for the world? Maybe a giant ship to travel to another galaxy. Maybe build stargate (worm hole or whatever)
@ps4games1643 жыл бұрын
The food isn't limited around the world but is expensive.
@Ungtartog3 жыл бұрын
Thats fine. Fuck the investors. Gold has a lot of practical uses.
@tigerdoug97893 жыл бұрын
@@I_like_turtles_67 agree
@pinochet33173 жыл бұрын
Elon will mine it, just because he’s Elon and does whatever the hell he wants.
@iiiiiiiiiiiiiii40193 жыл бұрын
Elon is a dumbass, change my mind 😐
@trey02263 жыл бұрын
@@iiiiiiiiiiiiiii4019 tell me 1 just 1 single thing u have accomplished, u dumbass
@snickerkid51873 жыл бұрын
@@iiiiiiiiiiiiiii4019 yea tell me that when ur iq is equivalent to him
@e15323 жыл бұрын
@@iiiiiiiiiiiiiii4019 your IQ is probably ten times lower than his.
@iiiiiiiiiiiiiii40193 жыл бұрын
@@e1532 ok Master Kenobi lmao 😂😂😂
@godmodecrypto3 жыл бұрын
NASA: we're sending a rocket there it's for ummm scientific research yeah scientific research. not because it's a giant chunk of gold and platinum no that's got nothing to do with it. lol
@cartersitterud95213 жыл бұрын
Well either way even if it’s price drops to almost nothing, that is still a big supply of resources that can be used to build things that need to be strong
@jamesbell88613 жыл бұрын
Bingo !!! There are a very small percentage of the commenters on here that understand the value of what you are saying here. I made a similar comment and not one person got it. Everybody seems so caught up in the economics of it all. So short sighted.
@Kraljist3 жыл бұрын
When everyone is a billionaire, no one is. Seems fine to me.
@morpheus22703 жыл бұрын
then you would love zimbabwe, everyone there is a billionaire! and dirt poor
@trutacgear3 жыл бұрын
If everyone was rich, most of the people will fighting for pussy's ...😂😂😂😂
@christopherabramor30123 жыл бұрын
@Fritz No.7 Nope. It would still be useful as fuck in tech as conductive material, it just would become cheap.
@christopherabramor30123 жыл бұрын
Billionaires would still be billionaires. Just that having a lot of gold won't make you one.
@kedi67933 жыл бұрын
@@trutacgear isnt that good LMFAOOAOAO
@zackariahgill12633 жыл бұрын
: So how much is this asteroid exactly ? : Yes
@dragonvaledragonvale56153 жыл бұрын
Yes
@ayubosman31053 жыл бұрын
Yes
@redriot62403 жыл бұрын
I think he said 900 quadrillion
@elemenop723 жыл бұрын
Quatillion not quadrillion
@manojsrivastava8972 жыл бұрын
Oh....well I thought Elon would be like : "Nuke them all"
@cesarpunski3 жыл бұрын
I’m sure the main drive is to “examine a planets core”
@TheLastChip3 жыл бұрын
Cant wait for the Minecraft Asteroid Mine update in the future.
@logicalstreeet3 жыл бұрын
And some type of asteroid armor LOL
@syofyan20473 жыл бұрын
@@logicalstreeet that is prob netherite
@syofyan20473 жыл бұрын
netherite prob
@Andman82103 жыл бұрын
@@syofyan2047 netherrite is in the nether, it would make more sense for it to be in the overworld
@syofyan20473 жыл бұрын
@@Andman8210 no, remember nether reactor thaats prob the asteroid come from.yet ppl speculate netherite was platinum
@theegg40803 жыл бұрын
If people get so much gold, golds value will probably decrease since it’s not so rare anymore.
@sharpskull24763 жыл бұрын
That could also be said for diamonds....saying as how it's one of the most common minerals in earth since all it is is compressed carbon... but diamonds are really expensive because of the monopoly on diamond trade, they only output X amount of diamonds a year to make diamonds "more rare and expensive", to get you to pay a few thousand dollars for a ring with a small diamond in it
@Ixions3 жыл бұрын
Gold is an extremely useful material. It would be awesome if there was so much it was dirt cheap.
@AnTran-gp9ws3 жыл бұрын
Gold only produce when two dead star collide and blow each other up. That prolly worth something.
@TurreTuntematon3 жыл бұрын
Thanks genius.
@sharpskull24763 жыл бұрын
@Zachary Lash first of all... Why are you coming after me when I'm saying the same shit you are Second diamond is extremely abundant, gold less so
@devsaran50243 жыл бұрын
First of All, Change The title that "Scientists are going to study 16 Psyche"
@ChainRG2 жыл бұрын
Usually im not that jealous of people being rich in like millions or billions,but 700 quintillion???? Nah im dying
@angellezay36643 жыл бұрын
"its shaped like a potato but bigger and more valuable." -Im in
@EliteRaven-sv6fb3 жыл бұрын
Technoblade has join the chat
@bobbg90413 жыл бұрын
Yes but finding thats much sourcream, butter and other topping might be hard to do.
@china_sickness70053 жыл бұрын
Gimme that shiny spud
@ryan92083 жыл бұрын
stop stealing comments
@drashnicioulette95653 жыл бұрын
.....heaven
@keynanmartinez3 жыл бұрын
Gold can be beneficial for our technology like phones, computers, and machines.
@lukegamer1673 жыл бұрын
It's all about the money bro
@vvvaygbg16113 жыл бұрын
Yeah he isn’t doing this for your phones computers or machines he doing this for his 💰💰💰💰💰💰
@trapster0f2s3 жыл бұрын
How so??
@felibootsack53003 жыл бұрын
@@lukegamer167 I feel like musk has more interest in all this than just money, like he looks like he has alot of fun doing what he does and money's just a side thought
@JxcksonSF3 жыл бұрын
@@lukegamer167 tecnology IS money, u gonna make more money implementing gold on tech than selling it raw
@rmt35892 жыл бұрын
Finally!!! I've been waiting for asteroid mining to start!!! All the noble metals! All becoming cheaper than iron! Ambrosia, the philosopher's stone, the ichor of the gods is hat hand!!!
@bowiecash14473 жыл бұрын
They're something called "Supply & Demand" they're is not much gold on out plant (Earth) so it has quite a lot of demand currently, when you have so much supply 10,000 Quintillion worth demand will plummet leading the the price of gold to drop including the economy..
@wildfire39863 жыл бұрын
Ya Elon musk Tesla is worth less
@Jarheads4Yeshua3 жыл бұрын
but the volume of demand would cause a net gain on the overall size of the economy, hypothetically if one thousand ounces of gold is worth a million dollars before mining begins, then after the crash in price once mining begins, if gold is then only worth one dollar per ounce, after mining ten million ounces of gold then the volume of the goes from a million dollars to ten million dollars, so even a price crash in gold per ounce will result in a net gain of total wealth... What would you rather have, a thousand ounces of gold worth a million dollars or ten million ounces of gold worth ten million dollars?
@LesterBrunt3 жыл бұрын
It wouldn’t make money worthless, it would make gold worthless.
@mohitchaudhary55603 жыл бұрын
Money is dependent on gold
@LesterBrunt3 жыл бұрын
@@mohitchaudhary5560 No they stopped doing that almost 100 years ago.
@Darkseid3003 жыл бұрын
Money is already going to worthless soon. Everything is going to be cashless and with COVID only a matter of time.
@ricois33 жыл бұрын
@@mohitchaudhary5560 No, Gold IS money. Currency used to depend on gold, but now it only depends on the US military
@tommiestevenson13123 жыл бұрын
no bro, the future is tech and tech requires a lot of gold. in fact, humans aren't able to create what we can imagine as the gold needed is not here on earth or at access without a huge cost inland and so on. Gold is the best conductive material on earth and in space. Satellites, motherboards and so much more needs gold and the way they build them is using gold where it's needed with limits. If a creator had that gold he or she or it could create hard drives and tech chips that have the capability to perform 100/1 meaning that 1 hard drive could do what 100 could and so on with many other devices and creations in tech. in the future, no one will wear gold unless it's in Neuron chip in there head. Let's say a human is blind! A Neuron chip can control artificial eyes. We have the tech already it's just doing what steve jobs are done with the iPhone... innovating to create a revolutionary piece of kit! we have the tech there its just putting the dots together.
@baibhabmondal76883 жыл бұрын
Earth's soil is most valuable than that golden astroid or a diamond astroid.
@sirroundsound91043 жыл бұрын
Absolutely
@legendahmad85483 жыл бұрын
So true
@soumilrathi123 жыл бұрын
how does this make sense? Any material is only as valuable as society gives it value. A gold asteroid and a diamond asteroid would probably be valued at an amount more than the total amount of money on Earth
@Rick-the-Swift3 жыл бұрын
@@soumilrathi12 You are defining value as it is loosely defined by society. Baibhab was defining value as it is concretely defined by him. I hope you can see the difference and then understand what he meant. In some places people pay to get rid of water. To a thirsty man in the desert, a cup of water may be worth more than all the gold asteroids and money combined.
@carrot50403 жыл бұрын
Yeah
@Estoooopid2 жыл бұрын
This debunks aliens creating humans for gold mining.
@JohnR773 жыл бұрын
The whole point is they need minerals that are not abundant here on Earth. This is why Elon wants to mine the astroids. My son actually worked on a robot that takes core samples on Mars - when he was in college.
@Forgan_Mreeman3 жыл бұрын
no, that was my son
@shyguymercedesbenz58453 жыл бұрын
my son work on better robot. he only 9 years old.
@Forgan_Mreeman3 жыл бұрын
@@shyguymercedesbenz5845 this was also my son
@marionattilli29063 жыл бұрын
@@Forgan_Mreeman no my son you r my son
@youreretarded60223 жыл бұрын
Elon Musk is my son
@TNTsundar3 жыл бұрын
Remember, when the supply is high and demand is low, these gold nuggets will be worth nothing.
@internetguy12603 жыл бұрын
But the advances we can make with massive amounts of gold present would be great. It's a superior conductor, most resistant to oxidation, much more malleable! Imagine copper-gold alloy power cables replacing our aging copper infrastructure. It would last longer, carry more energy for the same volume! Lots of positives.
@PLUM-rp9lt3 жыл бұрын
All of a sudden the woman in the back isn’t bobbing her head up and down🤪😂
@wouterdevlieger10023 жыл бұрын
@@internetguy1260 yet the vast majority of gold is stored away as gold reserves. Only a small fraction is used for jewellery and technology.
@internetguy12603 жыл бұрын
@@wouterdevlieger1002 true, it's value is still too high to prevent hoarding.
@purpledevilr74633 жыл бұрын
Moneys value wouldn’t change. Gold would just become worthless. Okay, except for electronics and radiation shielding but such a large amount will make it extremely cheap.
@kuttispielt78013 жыл бұрын
Many Governments still keep a lot of gold to ensure that moneys value is ensured ironic that this might come and bite them
@purpledevilr74633 жыл бұрын
@@kuttispielt7801 the ironic thing is that if gold were useful it’d bring some wealth to earth but as it’s only good as shielding from radiation, it’s worthless.
@marzenakawalec17973 жыл бұрын
@@purpledevilr7463 Well, luckily theres a lot of radiation innspace so use that gold to protect the crew, leading to longer missions and stuff. Idk, im not a space enthusiast.
@purpledevilr74633 жыл бұрын
@@marzenakawalec1797 yep but you need a tiny amount.
@Chapadaria3 жыл бұрын
There is no longer a gold standard so.....
@jjbailey013 жыл бұрын
And this is how hyperinflation of gold will happen.
@carsonstasney85863 жыл бұрын
Oh yeah and with that diamond prices and silver prices I bet will skyrocket
@edgarguerra17027 күн бұрын
If your brain is asteroid to Earth please pay my mortgage
@saintpoli68003 жыл бұрын
Amazes me how people don’t realize how amazing gold is in technology... Who cares if it becomes valueless? Technology will advance tremendously due to the conductivity of gold
@jamesbell88613 жыл бұрын
I made a similar comment ... You and I seem to be a rare breed that can see past the end of our noses. I can put my post here if you're interested or you can find it.
@Wasnt-12 жыл бұрын
yeah bruh besides it being the common element in jewelry industry gold are also used on hardware technology
@rallyvincent61522 жыл бұрын
Would love gold to become cheap. I’ll make my house out of gold 😝
@LunarOverdrive Жыл бұрын
woah, slightly more gold, truly revolutionizing the electronics industry
@totallybored5526 Жыл бұрын
If gold becomes valueless so does money
@KeepingIt-vi9xv3 жыл бұрын
Can I get 20k of that Elon so I can finish up my supra 👀😂😂😂
@thingsstuff65643 жыл бұрын
And when everyone is rich? No one will be.
@DAILYJOYTIME3 жыл бұрын
Stay healthy during quarantine The Richest and all your fans ❤️ We are on the way to reach our goal!
@markusantiberus71593 жыл бұрын
Stay healthy too!! Almost congrats to 1000!
@ludapedan86323 жыл бұрын
Really lika your channel
@gorgiegoes9893 жыл бұрын
Go for it man!!
@hgb84783 жыл бұрын
Stop it with this supid stuf
@viscayaconstruccion85453 жыл бұрын
You channel is my favorite 🎉🎉🎉🎉🎉👍🏻💪🏻🤗🤩
@prafulgupta60863 жыл бұрын
"It is a fantastic time to be alive" Corona laughing in the background
@billpeterson1783 жыл бұрын
If they were able to add this much gold to the existing heap, the price would be lower than silver.
@uuproverlord83243 жыл бұрын
lower than steel
@rokit04023 жыл бұрын
If musk does mine it this decade he will be the first trillionaire
@protorhinocerator1423 жыл бұрын
No, not trillionaire. His net worth would jump past trillion and quadrillion. He would be a quintillionaire, and close to a sextillionaire. That rock is worth about $700Q. That's insane. The world economy is not set up for hyperscaling of wealth.
@jessicarobinson45633 жыл бұрын
Trillionaires already exist, they just don’t advertise their wealth.
@science.and.beyond3 жыл бұрын
We should cut back mining on Earth and work towards exclusively mining in space. Not only are there more materials there, but it would be better for the environment.
@slew99003 жыл бұрын
Except it takes 6 years to reach jupiter which is near the asteroid of gold so to cut most of mining on earth for 12 years to get some gold wouldn't help us too much sadly
@science.and.beyond3 жыл бұрын
@@slew9900 That's with old technology, we could likely reach the asteroid belt within 2-3 years now, so it would likely be 4-6 years round trip. The transition would have to be slow but if we started now we could probably have enough supply from space to completely phase out surface mining by the 2060's or 2070's. Also the quantity that they can get from asteroids is a lot more, especially if they can figure out a way to pull one into Earth orbit and mine it there. But yeah if you have 100 billion dollars there are probably better investments to choose from that have better ROI within 5-10 years, asteroid mining likely won't have an attractive ROI for another 15-20 years.
@slew99003 жыл бұрын
@@science.and.beyondthats true would love to see operations involve snatching asteroids and bringing them to earth orbit
@ZachRoDah3 жыл бұрын
Mining in space costs a hell of a lot more than mining on Earth. Even if it would be beneficial to the environment. The amount of resources and tech needed to do so would cost quite a lot on their own.
@science.and.beyond3 жыл бұрын
@Frenchpie Um, that's not right at all, the mass of just Mars and Venus combined would outweigh Earth, if you're referring to the asteroid belt you're correct though. However in the asteroid belt there are larger deposits of metals and also more deposits of rare Earth metals.
@neil6593 жыл бұрын
This guy is the embodiment of trying to reach the word limit.
@tigerdoug97893 жыл бұрын
Yeah
@tigerdoug97893 жыл бұрын
Elon: what limits?
@subscribefornoreason27093 жыл бұрын
Everyone: becomes a billionaire *prices goes up* “I’ve won, but at what cost”
@Tyler-ce3um3 жыл бұрын
🍆💦🍑 🍒
@alldowhoareiz16922 жыл бұрын
I think the solution with mining is to have the asteroid of our choice orbit around the sun, close enough to melt. Maybe a series of close detonation can help the asteroid make its way toward the sun, hopefully we can measure what speed and what angle it should approach the sun, in order to get it close enough to melt it thoroughly, if timed right we can have it get close enough to earth to orbit earth.
@rainbrain84603 жыл бұрын
“But one thing is for certain, and that is statistics.” Smh.
@hunterkudo98323 жыл бұрын
gimme tree fitty an I'll mine that there meteoroid.
@cjloeffler54243 жыл бұрын
Tree ditty?
@KyouzukaTakahashi3 жыл бұрын
@@hunterkudo9832 two and a quarter take it or leave it
@hamzaahmed23223 жыл бұрын
@@KyouzukaTakahashi LMAO
@harryward31973 жыл бұрын
I read that as he said it in video that was weird
@sweel8633 жыл бұрын
Asteroid names sound like car names like * slaps asteroid * “THIS BABY CAN SMASH 10 PLANETS!”
@steady22523 жыл бұрын
*crashes into mars*
@meme1153 жыл бұрын
Remember it's not an intellectual property we also have rights to have some share percentage.
@AlexWinkler3 жыл бұрын
6:29 "remember when everyone is a billionaire.. no one is"
@kenjhunter68903 жыл бұрын
"asteroid become legal to own" it liretally a pile of rock in middle of nowhere,who gonna stop you from taking one ? galactic space police ?
@anthonyj54163 жыл бұрын
The country. say that he was doing this for research for a country and another country took sum of the astroid without permission it could lead to war if they think it’s that serious Times are advancing one day a lot of the resources that are on earth are not gonna be here anymore and we will probably be gone once that happen. War is probably going too happens especially when you’re traveling though space and resources are valuable and scarce🤷🏾♂️ unless by that time we all come together and stop fighting and focus on surviving and moving off of earth 🌍 damn hopefully they find a way for us to live longer I wish I could see that day 😭
@andonokusumajati96073 жыл бұрын
Wood is more scarce than gold in our solar system
@christopherabramor30123 жыл бұрын
@@anthonyj5416 This asteroid is particularly rich in minerals, but there are A LOT of metallic asteroids made of precious metals in the asteroid belt.
@anthonyj54163 жыл бұрын
@@christopherabramor3012 oh that’s good at least that’s good when we start space traveling we probably won’t be there to see unless Elon musk figures out the recipe for immortality 🙏🏾 hopefully
@flarfatron21903 жыл бұрын
@@anthonyj5416 yea asteroids are importanter than grammars
@alexpopblock64353 жыл бұрын
i dont understand why everyone thinks asteroid mining is a terrible thing because of economical issues, i see it as a benefit because it will allow the unique properties of these metals to be exploited and therefore we can create stronger, quicker and more efficient engines for travel and maybe we could use the metal to create entire space ships in space, I see it as a benefit for the future of humanity
@fractalflight57522 жыл бұрын
Wealth would become one's own unique expression as a whole entity. As we are infinitely unique we would all be infinitely rich and supported by one another for our newly realized preciousness.
@biasedasfluck66603 жыл бұрын
Me: What did Elon Musk type in his tweet ? Narrator of The Richest : Psychey !
@upperjohn117aka3 жыл бұрын
This would kill golds value since its value is tied to rarity
@mickbeave30023 жыл бұрын
No it's also based on durability and usefulness.... this will help build fleets of spacecraft and hundreds of thousand satellites.
@upperjohn117aka3 жыл бұрын
@@mickbeave3002 gold is maliable it isnt strong its value is being a semi conductor
@upperjohn117aka3 жыл бұрын
@Matthew Jones diamonds are about the cuts and also the fact you cant melt out an impurity unlike gold that can be purified to specific karrots
@pwnomega45623 жыл бұрын
@@mickbeave3002 durable? Really? It's has it applications in space craft but not for durability in anything. That and the amount of gold that thing has is insane. It possibly has more gold in it than the earth itself. And massive influxes in anything in a market even if it has important applications would still kill it's value.
@derekdeadlifts29863 жыл бұрын
The sell off in the stock market on gold would be intense.Until then I will be holding GDX and I think everyone should
@Jacob-zd4gj3 жыл бұрын
I don't understand how they can know all this about the planets all over, but they can't make a cell phone that gets good reception lol.
@creech4443 жыл бұрын
So yeah that much gold and platinum would tank the markets, however they both have important uses in industry. You'd always be limited by how much they could actually mine and get back to earth. In the end, some of the most valuable asteroids might be the snowballs that are mostly ice. One's that could be diverted to send water to Mars for any colony.
@jamesbell88613 жыл бұрын
Exactly !!!
@tylersoto7465 Жыл бұрын
Exactly, gold and platinum have great conducting, electronic and space uses and having huge resources of them would make technology lot cheaper and effective
@GoldenSpike3003 жыл бұрын
Humans: “we are now legally allowed to own asteroids” Aliens: “no.”
@tommiestevenson13123 жыл бұрын
hehe
@g.h.o.s.t.4.2.043 жыл бұрын
you can just occupy those celestrial bodies and kills its civilians idk why people call other beings in universe an alien and have a sterotype they are more developed then us , they are not in this solar system buddy we wont meet them soon
@michaelginever7323 жыл бұрын
Platinum group metals are fantastically valuable in real terms. If we had an abundance of them the cost would indeed fall dramatically and we could use its many brilliant properties far more than we currently do.
@eitanengel82593 жыл бұрын
Good point
@tylersoto7465 Жыл бұрын
They have great conducting, electronic and space technology uses and having a abundance of it would make advance technology cheaper and more effective
@2000wattz3 жыл бұрын
I would imagine gold from space would be even more value than boring earth gold...
@bepositive3253 жыл бұрын
Omg 😂 it may become true
@ZeginMakesMusic3 жыл бұрын
Elan musk is not mining an asteroid. Don't be fooled by the title.
@ArnoldPranks3 жыл бұрын
Thank you for not using cheesy, barely relevant stock footage from those stock video sites.
@Ksgrxy3 жыл бұрын
"Alright people get your shovels ready"
@lorenalara23973 жыл бұрын
RiOt StArTeD
@wunpis95413 жыл бұрын
Bruh Momento
@quietkid-aashish32093 жыл бұрын
@@wunpis9541 I would rather YEET the asteroid onto Earth
@mmoarchives25422 жыл бұрын
people seem to forget, we have a shortage of gold that produces chips and computer components like processors and and chip teeth, it is a marketing myth that we need gold to have an economy, it's how we use the gold that determines that
@justice_productions_ Жыл бұрын
Can I just have a million of that? That’s not much to ask for
@austineban48113 жыл бұрын
Who is watching this when Elon musk became the richest man
@adityashukla26353 жыл бұрын
Me
@brudder5553 жыл бұрын
@@deshaunstruve4639 You dont get the joke
@crystallxix14933 жыл бұрын
Elon Tesla? I thought he was Elon Space X
@austineban48113 жыл бұрын
@@crystallxix1493 lolz that's right
@romanterry3 жыл бұрын
38th
@jonathanfoote26213 жыл бұрын
I worked in mining in New Zealand for 11 years, recently a mate told me that his uncle a government mining inspector, said 20 years ago while tunneling somewhere in Otago, they hit a pocket of gold so large it would crash the world gold prices, so they filled the tunnel with concrete.
@wolfbeam91693 жыл бұрын
I believe it.
@arsicvidan3 жыл бұрын
Yea sure.
@umar70033 жыл бұрын
Wow
@o2bnob3 жыл бұрын
No way, they would’ve slowly sold it until someone found out there was a lot more gold on the market! By that time they would’ve been rich.
@anthonynjoroge57803 жыл бұрын
I guess I'm coming to New Zealand now:)
@letisherlin74003 жыл бұрын
Marvelous investment gold&kind of substance mining at space.
@christophercarter93752 жыл бұрын
Gold is valuable because of its rarity. When and if they ever get to mine it, it would create a huge surplus therfore diminishing its rarity and value.
@DCeNu2 жыл бұрын
Gold is also the best electric conductor..!
@christophercarter93752 жыл бұрын
@@DCeNu At the end of the day electricity is a luxury that most use without much thought if any. Imagine people flexing that there house has electrical gold wiring throughout 😂.
@patrickhenigin48052 жыл бұрын
Yea, but in the meantime, somebody will make a fortune.
@HeemMotivates3 жыл бұрын
To the person reading this: stay safe during this times and May God be with you And may God protect you have a blessed day☺️
@Supasmartguy3 жыл бұрын
Don't be religious
@mayi.matysik63323 жыл бұрын
Ty and the same to you
@DJ_Shenanigan003 жыл бұрын
Religion is hope for the weak minded
@HeemMotivates3 жыл бұрын
@@Supasmartguy first of all who told you my comment is religious smh??
@moomoomoo33ass3 жыл бұрын
Thankyou! You too!
@Tronter60003 жыл бұрын
Inflation: Am I a joke to u?
@rafaruchlewicz40953 жыл бұрын
Eeeexactly. Inflation. Price of gold would collapse and food would be more valiuable or another crazy shit could happen. Hopefully the most valiuable thing after this will be good, honest people.
@paparoelie5753 жыл бұрын
Ten Rafau yes, and we would destroy the universe. People: We destroyed the world, well, lets go to space!
@rafaruchlewicz40953 жыл бұрын
@@paparoelie575 This is why all telescopes trying to find inteligent life are pointed in the direction opposite to the earth xD
@paparoelie5753 жыл бұрын
Ten Rafau 😂😂 you are absolutely right
@Redmanticore3 жыл бұрын
societies suffering because of lack of rare earth metals: Am I a joke to you?