Elon Musk Is Mining A Golden Asteroid Worth $700 Quintillion

Giant Golden Asteroid Could Make Everyone On Earth a Billionaire
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Out there in space, right now above our heads, is a wealth of knowledge. And in this case, we mean that literally. Believe it or not, in our very solar system, there is an asteroid that is thought to be the remnants of a planet core. And that means that all those pricey metals that we have to dig for here on Earth, are exposed, and ripe for the taking. Estimates put this giant space faring gold mine at 10,000 quadrillion dollars, and who knows, if we can get up there to explore it up close, we may find that it is worth even more. What would this do to our economy? Just how rich would this make everyone on earth if it was split evenly? Are there any missions planned to get up there? Oh, we got your answers right here. In today’s video we are getting scientific, while making sure to not skimp out on the riches, so we can give you the scoop on this nearby, giant, golden asteroid. If it piques your interest, you’re not alone. None other than Elon Musk has made comments about his thoughts on mining this bad boy, and considering SpaceX will be the company that supports NASA in this quest, you better believe it’s something we should all take seriously. It would bring all new meaning to the phrase, the rich only get richer. So sit back, relax, and get ready to countdown from ten, as we fire all the thrusters and blast off into the final frontier to give you the scoop on the absurd amount of gold floating around in our solar system.
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[@vladtheg4m3r70]

“Alright comrades, we are going to space”

[@12345678927164]

Meet you there, as your enemy.

[@simplysuperior667]

@@12345678927164 imposter if u will

[@ayaanahmed2995]

We are coming for you kind sir

[@johngillespie8229]

May God protect all the astronauts and cosmonauts that travel into space.

[@thek.g.b7428]

@@ayaanahmed2995 I don't think so.

[@Suhaibiq]

If even 5% of the gold is harvested, gold would become as valuable as paper.

[@thattrollagen]

Just leave it in space. Make robots that make bigger robots. Make Japanese tv shows. Tentacle porn

[@deathmetal6546]

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.

[@rickybe]

Exactly

[@rodolfoperales1357]

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

[@kristopherleslie8343]

End poverty and reform to one government. Let’s explore space

[@ZaroYuki]

Chine be like: *we own that asteroid since 500 AD*

[@zqzj]

I heard they're building an island on the asteroid 😂

[@darshansolanki9083]

I heard that they are making a second moon. But we gotta accept the Science in China are really is ahead of its time .

[@evanantonola4935]

Desperate China.

[@Tsamokie]

And we (USA) own the Moon since 1969. It's all ours. bwwaaahahahahahahahahahahaha

[@hitzncritzmobilegaming9988]

Yes Chine... ; )

[@no6718]

Me if I was Elon Musk: Let’s put a mining robot on there!

[@Yabuturtle]

"I'll have a cup of coffee please" "That will be $10,000,000, sir"

[@RRKS]

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

[@zakiahmed6655]

Really do you remember the vid

[@seshieman2579]

@@zakiahmed6655 it was mrbeast

[@zakiahmed6655]

@@seshieman2579 ahhh him that makes sense I can probably find the vid now thx

[@danilosantos2938]

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....👇👇 [phone]

[@Steve-ur8rc]

If we mine gold that much, then gold is same like a dirt.

[@sc2823]

And technologies will advance like crazy

[@mahuk.]

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.

[@JeromePowerrr]

Mining it wont be cheap

[@alexandercrush]

Pretty much. But the first 5 years whoever mined it first would become extremely rich though.

[@alexandercrush]

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.

[@aspencer1811]

The technology we can harness with this level of rare earth metals is what's really important

[@DenisDoc7]

It will change our society exponentially

[@acesman111]

@@DenisDoc7 it won’t do shit for us. Only benefiting the rich

[@yannicknederhoff1990]

@@acesman111 you don't have a phone or computer? If you do then you should reconsider your comment.

[@cryptobungus5778]

@@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]

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

[@blazingbeast3214]

The 2.3k people who disliked heve invested in gold😂😂

[@aryangray33]

2.4k*

[@thanos99yearsago82]

@@aryangray33 2.5k*

[@aryangray33]

@@thanos99yearsago82 i meant 24kcarrot gold

[@Better_selection]

A future millionaire will like this.

[@okoo4945]

Not with a name like that lol

[@simplysuperior667]

@@okoo4945 lmao

[@michelleobamaspenis9735]

Go to hell

[@fastcar544]

Beggar

[@fastcar544]

There are 2.2k idiots in this world

[@mumysaysimcool4302]

If everyone was a billionaire nobody would be rich

[@MrInstag8tor]

Don't tell democrats that, everyone can be rich according to them

[@ALTJ1986]

If everyone become billionaires then money would lose its value, no one would want to get back to work, world’s economy would stop.

[@TheSaneMongrels]

@@MrInstag8tor Not a single democrat in power thinks or says this.

[@mikethemenace7094]

Shen Storm not what the media tells you. Democrats have zero clue how to balance anything

[@RedCatty]

seníor Rico thats exactly the same as money becoming worth less

[@DeathGunI]

The only thing that would become valuable is creativity. It's the mind that makes things valuable.

[@michaelyelverton1194]

That's the dream we strive for

[@princeslewis]

So basically, billionaires are going to get richer 😔

[@Joshua-jt9id]

What if they are richer

[@Joshua-jt9id]

They worked hard for their money

[@poutsompananaskavliaris1984]

@@Joshua-jt9id they didn’t work hard they worked smart poor people do the hard work

[@deadsec_xz1541]

@@poutsompananaskavliaris1984 Finally a man who makes sense

[@BasedAstraea]

@@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.

[@wildfood1]

Reporter: Elon, how much money do you expect to earn from this venture? Elon: All of it...

[@liberatorg410]

Elon: yes

[@Ni9kye]

Greed know no bounds

[@tigerdoug9789]

Lol 😂

[@amyjones1119]

💙🧢😨🖕

[@user-dm4ey3pu6i]

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

[@jonathan-zo9nh]

How much was the burger again? “599,999,999$”

[@chicom8157]

"Wow! Very cheap!"

[@williamnordeste1169]

They won't be able to break through the dome over the earth.

[@treynye9780]

Venezuela?

[@eliteinventor]

Royale w/ Cheese

[@karaokewaala9107]

@bxrchteaxx damn that's so cheap.

[@cassiejacobs4197]

When you invest, you're buying a day you don't have to work

[@faradaygeorge6024]

@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

[@chrispaul3778]

@@faradaygeorge6024 It's not ignorance but due to some unprofessional advisor in the market

[@loydriley9221]

Bitcoin is the most profitable investment online of only you trade with the help of a professional expert

[@jeremygood3246]

Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

[@jeremygood3246]

Learn and trade under a guide I do same and I hardly make losses in the market

[@abdiweliyusuf3929]

scientist finds oil on asteroids America: looks like that asteroid needs a little bit of freedom

[@kanengbotsha5884]

Yes it does

[@REASONvsRANDOM]

Aliens: *Let's disguise the omega-warship as a giant ball of gold for the human invasion. They'll never see it coming.*

[@haydenryder2134]

🤣🤣😂

[@yawn8573]

Turns out it’s just a big bomb made by aliens

[@kewlnes987]

Trojan Horse 2040 edition

[@REASONvsRANDOM]

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...

[@TomSidProductions]

Humans: Blow up astroid to get all the gold. Aliens: Pikachu face

[@letymillano1035]

fun fact : in the entire unuverse, wood is much rare than diamonds.

[@franciscohernandez9835]

Very true, but not to use, because value is relative

[@jeffw8218]

So what?

[@Bischlarbo69]

@@franciscohernandez9835 not to use??? 🤣🤣🤣

[@pimpom886]

Poop is rare too

[@javairflorez7889]

Ugh humans so futile

[@robertpearls3434]

For you to be rich, tactical steps must be taken to retaining it.

[@robertpearls3434]

When you invest, you're buying a day you don't have to work!

[@felixmall7643]

Nice one

[@cynthialefort8289]

Crypto Trading has been the best way to earn geniun cash, waiting for the Government it's a total waste of time

[@calvinmcdonalds6475]

Can I earn up to €17000 weekly?

[@philipramsey9713]

It's very possible

[@pearcey1113]

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

[@natanaelmartins5344]

"hey, they found an asteroid containing oil" *Space needs freedom*

[@marcellothefellow]

Hey, they have something that is profitable! They need some democracy assistance!

[@SteveInLava]

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

[@towoawawaboofficial]

@@SteveInLava tell your God to bite us.

[@neptune0909]

@@towoawawaboofficial lmao

[@secretAgentRandyBeans11]

@@SteveInLava 😂😂😂😂😂

[@darkguardian1314]

Title should be “plan to” and not “is mining”,since no one is actively mining asteroids for profit right now....that we know of.

[@phoon404]

Little irony is that NASA just "mined" few grams from asteroid :D.

[@wouterdevlieger1002]

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.

[@wouterdevlieger1002]

@@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.

[@phoon404]

@@wouterdevlieger1002 its about recieving new informations bruh

[@wouterdevlieger1002]

@@phoon404 exactly. I'm all for exploration. But I'm realistic that we won't be making a profit mining asteroids any time soon.

[@jjbailey01]

With that much gold, we can start making paper from it. Then we'll never have a toilet paper shortage ever again.

[@jjbailey01]

@Jay Lee gold is chemically inert. What toxic chemicals are you talking about?

[@gameron2093]

@@jjbailey01 lol

[@originlgazza5925]

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)

[@wunpis9541]

Bruh then All trees will get cut

[@bohg9907]

Think Elon would do this to make the price of bitcoin higher, as bitcoin can become the new gold

[@krinodagamer6313]

thats what I just said lol if this happens the dollar will fall hello to crytp

[@jamesbell8861]

You are seeing some of the picture at least. Awesome !!! Most of the commenters don't even get this part.

[@Love4GOD921]

Me in 2020: Elon can’t do that! 6yr old in 3030: oh yah we’re learning about that in history class.

[@pickledorange1133]

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 🤣

[@daniellemiddleton2488]

Lololololololololol

[@currentlyspeakingbmwmusic1793]

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

[@KennTollens]

And the history class in 3030 gets a surprise visit by Elon Musk.

[@daniellemiddleton2488]

@@KennTollens most underrated comment lololololololololol

[@Saveric]

Elon going to mine the asteroid, take it to Mars, build his golden empire there. Use his golden empire to buy the Earth.

[@soyouknow8207]

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.

[@BoxGamesYT256]

the lost golden city of mars would be a good tale to tell my grandsons when i get older

[@kristopherleslie8343]

He has not committed or commented on going there. No one has.

[@mrban1419]

@@kristopherleslie8343 when nobody says nothing best believe they’re called misdirection

[@kristopherleslie8343]

@@mrban1419 you know I can definitely agree to that.

[@jineen123]

Imagine trying to tow this asteroid to earth hoping to become Quadrillionaire just to end life on earth.

[@saureco]

We're going to need more transition and rare earth metals. Vanadium, titanium, molybdenum, tungsten, antimony, gallium, tin, platinum, rubidium, beryllium, etc.

[@tylersoto7465]

Agreed, but titanium and tungsten are plentiful here on earth

[@darkenergy436]

"the real fun will begin" *shows picture of the asteroid hurddling towards earth*

[@bandanasaikia6048]

Imao

[@kpopscenario1406]

LOL

[@alwinvillero4404]

HaHa YEs i can feel it

[@wolfbeam9169]

Ok, that was legitimately funny. Good job getting a laugh from someone who pretty much lacks a funny bone. 😀

[@darkenergy436]

@@wolfbeam9169 lmao

[@universaltv9405]

Everybody: Space mining is imposible Elon Musk: Gucci flip flops

[@tigerdoug9789]

😂

[@alivingbeing5551]

🤣😂🤣😂🤣

[@HaplessSplash40]

😂😂😂😂

[@rhythmrecords4945]

That’s funny bro 😎

[@internetexplorerchan2697]

Lmaoooo I'm dying..

[@SamuelMartin2425]

7:25 BRO I dead ass thought there was a mosquito in my ear 😂

[@basscat111]

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.

[@Marco-ze4qk]

And why’s gold so valuable? Right, because it’s rare.

[@gamers-xh3uc]

Yes is because is rare diamond is even more rare that is why is valuable

[@reekz1568]

Gold does things

[@FreezyPop]

It be better if it was cheap so we can make technology cheaper

[@alexandercrush]

@@gamers-xh3uc Actually diamonds are not rare. There are actually too much diamonds but they keep the supplies back to artificially inflate the prices.

[@SamiChenFilm]

and shiny

[@Thatdude3033]

Fun fact: diamonds are actually so common that they would be worth less than gold but big companies regulate their market.

[@Airbender24B]

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.

[@dylandylandylan3940]

Yeah... Diamonds suck... Seriously the diamonds smaller than 1/4th of a carat arent worth sheet.

[@THE-zx9es]

yup people thought diamonds where super rare in the past but then a company called de beers realized that there are diamonds al over africa so they now have warehouses full of diamonds and just keep them there and therefor controls the diamond market.

[@tylersoto7465]

All those diamonds would be very useful in drilling and other industrial uses

[@widodoakrom3938]

True

[@CodeOverReality]

People: no u cant just send rocket to random asteroid SpaceX: mining asteroid go brrrrrrrr

[@daveg7172]

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]

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

[@SpaceSuits2020]

New TV series: “Who wants to be a Quadrillionaire?” 💸💸💸

[@thepoglin8479]

That should sum up humanity if elon actualy collects all the gold from that asteroid (And not in a good way)

[@josephcarter377]

@@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.

[@thepoglin8479]

@@josephcarter377 thats what i meant money would loose all its value and bassicaly be worth more defaced

[@doloGD]

I wanna being Nonillionaire

[@zah_old]

Quintillionare*

[@CE4JDM]

It says he *IS* mining? Huh? Maybe the title should be "Planning to Mine...."

[@feedthemango2145]

Bruh I was looking for this comment, these creators do anything for views

[@McClarinJ]

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.

[@mohammadbashir4004]

K nerd why do you even care about that lol

[@McClarinJ]

@@mohammadbashir4004 Maybe because lying in the title to pull in more viewers sucks.

[@ryanvandermerwe5587]

Welcome to youtube

[@totskitv]

Nice interesting sir more post

[@topranked744]

Amazing video 🙌🏻🙌🏻

[@zackariahgill1263]

: So how much is this asteroid exactly ? : Yes

[@dragonvaledragonvale5615]

Yes

[@ayubosman3105]

Yes

[@redriot6240]

I think he said 900 quadrillion

[@elemenop72]

Quatillion not quadrillion

[@pinochet3317]

Elon will mine it, just because he’s Elon and does whatever the hell he wants.

[@iiiiiiiiiiiiiii4019]

Elon is a dumbass, change my mind 😐

[@trey0226]

@@iiiiiiiiiiiiiii4019 tell me 1 just 1 single thing u have accomplished, u dumbass

[@snickerkid5187]

@@iiiiiiiiiiiiiii4019 yea tell me that when ur iq is equivalent to him

[@e1532]

@@iiiiiiiiiiiiiii4019 your IQ is probably ten times lower than his.

[@iiiiiiiiiiiiiii4019]

@@e1532 ok Master Kenobi lmao 😂😂😂

[@kidsbinayashow5279]

Great video thanks for share

[@cartersitterud9521]

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

[@jamesbell8861]

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.

[@Yesser.a6664]

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_67]

Great for all our electronics.

[@mikelang4853]

*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)

[@ps4games164]

The food isn't limited around the world but is expensive.

[@Ungtartog]

Thats fine. Fuck the investors. Gold has a lot of practical uses.

[@tigerdoug9789]

@@I_like_turtles_67 agree

[@angellezay3664]

"its shaped like a potato but bigger and more valuable." -Im in

[@EliteRaven-sv6fb]

Technoblade has join the chat

[@bobbg9041]

Yes but finding thats much sourcream, butter and other topping might be hard to do.

[@china_sickness7005]

Gimme that shiny spud

[@ryan9208]

stop stealing comments

[@drashnicioulette9565]

.....heaven

[@godmodecrypto]

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

[@disiskdididi]

Like how will anyone give him 700 quintillion dollars anyways?

[@bepositive325]

Not one person whole earth will buy he wont flood the market at once he would slowly let it out for sales

[@Kraljist]

When everyone is a billionaire, no one is. Seems fine to me.

[@morpheus2270]

then you would love zimbabwe, everyone there is a billionaire! and dirt poor

[@trutacgear]

If everyone was rich, most of the people will fighting for pussy's ...😂😂😂😂

[@christopherabramor3012]

@Fritz No.7 Nope. It would still be useful as fuck in tech as conductive material, it just would become cheap.

[@christopherabramor3012]

Billionaires would still be billionaires. Just that having a lot of gold won't make you one.

[@kedi6793]

@@trutacgear isnt that good LMFAOOAOAO

[@ryanstuart6274]

Lol very funny commentary in this video. Thank you for the info and laughs! 😎

[@ebenburger111]

Thanks, Great video and really funny too! Keep going!

[@TheLastChip]

Cant wait for the Minecraft Asteroid Mine update in the future.

[@logicalstreeet]

And some type of asteroid armor LOL

[@syofyan2047]

@@logicalstreeet that is prob netherite

[@syofyan2047]

netherite prob

[@Andman8210]

@@syofyan2047 netherrite is in the nether, it would make more sense for it to be in the overworld

[@syofyan2047]

@@Andman8210 no, remember nether reactor thaats prob the asteroid come from.yet ppl speculate netherite was platinum

[@baibhabmondal7688]

Earth's soil is most valuable than that golden astroid or a diamond astroid.

[@sirroundsound9104]

Absolutely

[@legendahmad8548]

So true

[@soumilrathi12]

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-Swift]

@@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.

[@carrot5040]

Yeah

[@cesarpunski]

I’m sure the main drive is to “examine a planets core”

[@knighthawk882]

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.

[@SweatierAcorn]

helium is rare on earth but very abundant in space.

[@keynanmartinez]

Gold can be beneficial for our technology like phones, computers, and machines.

[@lukegamer167]

It's all about the money bro

[@vvvaygbg1611]

Yeah he isn’t doing this for your phones computers or machines he doing this for his 💰💰💰💰💰💰

[@trapster0f2s]

How so??

[@felibootsack5300]

@@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

[@JxcksonSF]

@@lukegamer167 tecnology IS money, u gonna make more money implementing gold on tech than selling it raw

[@theegg4080]

If people get so much gold, golds value will probably decrease since it’s not so rare anymore.

[@sharpskull2476]

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

[@Ixions]

Gold is an extremely useful material. It would be awesome if there was so much it was dirt cheap.

[@AnTran-gp9ws]

Gold only produce when two dead star collide and blow each other up. That prolly worth something.

[@TurreTuntematon]

Thanks genius.

[@sharpskull2476]

@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

[@alldowhoareiz1692]

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.

[@bowiecash1447]

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..

[@wildfire3986]

Ya Elon musk Tesla is worth less

[@Jarheads4Yeshua]

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?

[@LesterBrunt]

It wouldn’t make money worthless, it would make gold worthless.

[@mohitchaudhary5560]

Money is dependent on gold

[@LesterBrunt]

@@mohitchaudhary5560 No they stopped doing that almost 100 years ago.

[@Darkseid300]

Money is already going to worthless soon. Everything is going to be cashless and with COVID only a matter of time.

[@ricois3]

@@mohitchaudhary5560 No, Gold IS money. Currency used to depend on gold, but now it only depends on the US military

[@tommiestevenson1312]

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.

[@TNTsundar]

Remember, when the supply is high and demand is low, these gold nuggets will be worth nothing.

[@internetguy1260]

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-rp9lt]

All of a sudden the woman in the back isn’t bobbing her head up and down🤪😂

[@wouterdevlieger1002]

@@internetguy1260 yet the vast majority of gold is stored away as gold reserves. Only a small fraction is used for jewellery and technology.

[@internetguy1260]

@@wouterdevlieger1002 true, it's value is still too high to prevent hoarding.

[@JohnR77]

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_Mreeman]

no, that was my son

[@shyguymercedesbenz5845]

my son work on better robot. he only 9 years old.

[@Forgan_Mreeman]

@@shyguymercedesbenz5845 this was also my son

[@marionattilli2906]

@@Forgan_Mreeman no my son you r my son

[@youreretarded6022]

Elon Musk is my son

[@rmt3589]

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!!!

[@purpledevilr7463]

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.

[@kuttispielt7801]

Many Governments still keep a lot of gold to ensure that moneys value is ensured ironic that this might come and bite them

[@purpledevilr7463]

@@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.

[@marzenakawalec1797]

@@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.

[@purpledevilr7463]

@@marzenakawalec1797 yep but you need a tiny amount.

[@theslapchanel]

There is no longer a gold standard so.....

[@neil659]

This guy is the embodiment of trying to reach the word limit.

[@tigerdoug9789]

Yeah

[@tigerdoug9789]

Elon: what limits?

[@manojsrivastava897]

Oh....well I thought Elon would be like : "Nuke them all"

[@KeepingIt-vi9xv]

Can I get 20k of that Elon so I can finish up my supra 👀😂😂😂

[@saintpoli6800]

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

[@jamesbell8861]

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.

[@meow-ic6gz]

yeah bruh besides it being the common element in jewelry industry gold are also used on hardware technology

[@rallyvincent6152]

Would love gold to become cheap. I’ll make my house out of gold 😝

[@LunarOverdrive]

woah, slightly more gold, truly revolutionizing the electronics industry

[@totallybored5526]

If gold becomes valueless so does money

[@GoldenSpike300]

Humans: “we are now legally allowed to own asteroids” Aliens: “no.”

[@tommiestevenson1312]

hehe

[@g.h.o.s.t.4.2.04]

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

[@rokit0402]

If musk does mine it this decade he will be the first trillionaire

[@protorhinocerator142]

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.

[@jessicarobinson4563]

Trillionaires already exist, they just don’t advertise their wealth.

[@jjbailey01]

And this is how hyperinflation of gold will happen.

[@carsonstasney8586]

Oh yeah and with that diamond prices and silver prices I bet will skyrocket

[@sweel863]

Asteroid names sound like car names like * slaps asteroid * “THIS BABY CAN SMASH 10 PLANETS!”

[@steady2252]

*crashes into mars*

[@alibradford6310]

Nice video! Hope this space mining will bring us closer to post-scarcity and it's will also be awesome to have normal peoples to work in space, that's will also obviously help to be a muti-planetary species.

[@jamesbell8861]

Exactly ... You are of the small percentile that can see past some temporary economic disturbance. I made a similar observation in the comments.

[@radhazard3551]

Eh Bossmang, you put the Beltalowda on rented air, and rationed food if we don't make your quota, make you rich while we starve and choke on bad air? Beltalowda can't even go back down the well no more. We never be Earther or Duster cause rock hopping has stole our muscle and bone.

[@subscribefornoreason2709]

Everyone: becomes a billionaire *prices goes up* “I’ve won, but at what cost”

[@Tyler-ce3um]

🍆💦🍑 🍒

[@prafulgupta6086]

"It is a fantastic time to be alive" Corona laughing in the background

[@austineban4811]

Who is watching this when Elon musk became the richest man

[@adityashukla2635]

Me

[@brudder555]

@@deshaunstruve4639 You dont get the joke

[@crystallxix1493]

Elon Tesla? I thought he was Elon Space X

[@austineban4811]

@@crystallxix1493 lolz that's right

[@romanterry]

38th

[@creech444]

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.

[@jamesbell8861]

Exactly !!!

[@tylersoto7465]

Exactly, gold and platinum have great conducting, electronic and space uses and having huge resources of them would make technology lot cheaper and effective

[@fractalflight5752]

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.

[@biasedasfluck6660]

Me: What did Elon Musk type in his tweet ? Narrator of The Richest : Psychey !

[@Ripplez25]

"Alright people get your shovels ready"

[@lorenalara2397]

RiOt StArTeD

[@wunpis9541]

Bruh Momento

[@quietkid-aashish3209]

@@wunpis9541 I would rather YEET the asteroid onto Earth

[@billpeterson178]

If they were able to add this much gold to the existing heap, the price would be lower than silver.

[@uuproverlord8324]

lower than steel

[@devsaran5024]

First of All, Change The title that "Scientists are going to study 16 Psyche"

[@Trenton2006gaming]

Inflation: Am I a joke to u?

[@rafaruchlewicz4095]

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.

[@paparoelie575]

Ten Rafau yes, and we would destroy the universe. People: We destroyed the world, well, lets go to space!

[@rafaruchlewicz4095]

@@paparoelie575 This is why all telescopes trying to find inteligent life are pointed in the direction opposite to the earth xD

[@paparoelie575]

Ten Rafau 😂😂 you are absolutely right

[@Redmanticore]

societies suffering because of lack of rare earth metals: Am I a joke to you?

[@science.and.beyond]

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.

[@slew9900]

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.beyond]

@@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.

[@slew9900]

@@science.and.beyondthats true would love to see operations involve snatching asteroids and bringing them to earth orbit

[@ZachRoDah]

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.beyond]

@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.

[@Estoooopid]

This debunks aliens creating humans for gold mining.

[@rafael.beirigo]

How would Electronics (quantum circuits included) benefit from the potential increase in gold availability for manufacturing?

[@rgeraldalexander4278]

...until graphene is able to be printed.

[@rafael.beirigo]

@@rgeraldalexander4278 why?

[@rgeraldalexander4278]

@@rafael.beirigo Graphene conducts electricity better than gold, as well as being lighter and stronger.

[@rainbrain8460]

“But one thing is for certain, and that is statistics.” Smh.

[@hunterkudo9832]

gimme tree fitty an I'll mine that there meteoroid.

[@cjloeffler5424]

Tree ditty?

[@KyouzukaTakahashi]

@@hunterkudo9832 two and a quarter take it or leave it

[@hamzaahmed2322]

@@KyouzukaTakahashi LMAO

[@harryward3197]

I read that as he said it in video that was weird

[@jonathanfoote2621]

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.

[@wolfbeam9169]

I believe it.

[@arsicvidan]

Yea sure.

[@umar7003]

Wow

[@o2bnob]

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.

[@anthonynjoroge5780]

I guess I'm coming to New Zealand now:)

[@raisikhtiaruddin87]

Amazing😎

[@christophercarter9375]

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.

[@DCeNu]

Gold is also the best electric conductor..!

[@christophercarter9375]

@@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 😂.

[@patrickhenigin4805]

Yea, but in the meantime, somebody will make a fortune.

[@upperjohn117aka]

This would kill golds value since its value is tied to rarity

[@mickbeave3002]

No it's also based on durability and usefulness.... this will help build fleets of spacecraft and hundreds of thousand satellites.

[@upperjohn117aka]

@@mickbeave3002 gold is maliable it isnt strong its value is being a semi conductor

[@upperjohn117aka]

@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

[@pwnomega4562]

@@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.

[@derekdeadlifts2986]

The sell off in the stock market on gold would be intense.Until then I will be holding GDX and I think everyone should

[@kenjhunter6890]

"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 ?

[@anthonyj5416]

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 😭

[@andonokusumajati9607]

Wood is more scarce than gold in our solar system

[@christopherabramor3012]

@@anthonyj5416 This asteroid is particularly rich in minerals, but there are A LOT of metallic asteroids made of precious metals in the asteroid belt.

[@anthonyj5416]

@@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

[@flarfatron2190]

@@anthonyj5416 yea asteroids are importanter than grammars

[@ChainRG]

Usually im not that jealous of people being rich in like millions or billions,but 700 quintillion???? Nah im dying

[@meme115]

Remember it's not an intellectual property we also have rights to have some share percentage.

[@ArnoldPranks]

Thank you for not using cheesy, barely relevant stock footage from those stock video sites.

[@sp3ctr-3]

Billionaires when they think about how much gold could’ve fallen into black holes: [uncontrollable sobbing]

[@jandersen6802]

What makes you write that? Do you think billionaires are the only ones that like gold?

[@phillipbrewster969]

Good news black holes do not exist if you want real awnsers to objects in the universe watch Thunderbolts Project and News From the Electric Universe when you hear politicians talking about climate change what there actually talking about is putting weapons in space- do you think that chinas synthetic sun weapon is nothing more than a giant weapon to terrorize people about climate change by heating up and causing mass fires they are causing these fires atmospheric injections is nothing more than poisoning the atmosphere around us

[@memerified]

@@phillipbrewster969 damn you wrote a fucking essay lmao

[@primicerius]

@@memerified ???

[@robertmacdonald1864]

They believe gold and other precious metals are produced between violent collisions of objects such as neutron stars which aren’t black holes due to the original mass of the collapsed star but very close to a black hole two binary netron stars are about to collide and astronomers are anticipating the merger of both Just to prove this theory right

[@letisherlin7400]

Marvelous investment gold&kind of substance mining at space.

[@christophermullins7163]

"Its also compromised of gold." Lmao love it.

[@michaelginever732]

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.

[@eitanengel8259]

Good point

[@tylersoto7465]

They have great conducting, electronic and space technology uses and having a abundance of it would make advance technology cheaper and more effective

[@beautifulthings2992]

I ve learned to chase happiness, not money. Sit back and relax, life is short.

[@Frostbite_001]

Well money gets you food lol