Elon Musk Is Mining A Golden Asteroid Worth $700 Quintillion

[@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.

[@JPowerMMA]

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.

[@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

[@Better_selection]

A future millionaire will like this.

[@okoo4945]

Not with a name like that lol

[@IMSimplySuperior]

@@okoo4945 lmao

[@michelleobamaspenis9735]

Go to hell

[@fastcar544]

Beggar

[@fastcar544]

There are 2.2k idiots in this world

[@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... ; )

[@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

[@vladtheg4m3r70]

“Alright comrades, we are going to space”

[@12345678927164]

Meet you there, as your enemy.

[@IMSimplySuperior]

@@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.

[@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]

[@aspencer1811]

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

[@acesman111]

@Denis Doc 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

[@tylersoto7465]

All that gold and platinum wouldn't be used economy wise but great to mass produce conductor and electronic parts easier and cheaper

[@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.

[@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]

💙🧢😨🖕

[@이지은-u4l7k]

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.

[@no6718]

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

[@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

[@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.

[@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

[@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

[@Haveuseenmyjetpack]

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

[@Haveuseenmyjetpack]

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

[@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

[@Towoawawabo8]

@@SteveInLava tell your God to bite us.

[@neptune0909]

@@Towoawawabo8 lmao

[@Saurabhgupta23671]

@@SteveInLava 😂😂😂😂😂

[@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

[@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

[@Brice_Blackmon]

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

[@Whatamood]

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

[@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 😂😂😂

[@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_acc]

Quintillionare*

[@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

[@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

[@universaltv9405]

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

[@tigerdoug9789]

😂

[@alivingbeing5551]

🤣😂🤣😂🤣

[@HaplessSplash40]

😂😂😂😂

[@rhythmrecords4945]

That’s funny bro 😎

[@internetexplorerchan2697]

Lmaoooo I'm dying..

[@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

[@abdiweliyusuf3929]

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

[@kanengbotsha5884]

Yes it does

[@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

[@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

[@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

[@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.

[@Meanboooy]

​@@jamesbell8861hey

[@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.

[@tylersoto7465]

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

[@widodoakrom3938]

True

[@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

[@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

[@zackariahgill1263]

: So how much is this asteroid exactly ? : Yes

[@dragonvaledragonvale5615]

Yes

[@ayubosman3105]

Yes

[@redriot6240]

I think he said 900 quadrillion

[@elemenop72]

Quatillion not quadrillion

[@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 😭

[@ThunderMeow-r1q]

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

[@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.

[@Chapadaria]

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

[@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?

[@Vamp_FFA]

@@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

[@DAILYJOYTIME]

Stay healthy during quarantine The Richest and all your fans ❤️ We are on the way to reach our goal!

[@markusantiberus7159]

Stay healthy too!! Almost congrats to 1000!

[@ludapedan8632]

Really lika your channel

[@gorgiegoes989]

Go for it man!!

[@its_ssord]

Stop it with this supid stuf

[@viscayaconstruccion8545]

You channel is my favorite 🎉🎉🎉🎉🎉👍🏻💪🏻🤗🤩

[@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

[@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

[@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

[@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

[@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.

[@tonystank07]

Elon : I found gold ! The British : *You mean my gold*

[@michaelealey7370]

The Spanish: ¿Que?

[@Gaminghunter2000]

Russians: OUR GOLD

[@angelh8367]

Elon musk suddenly dies, the queen is actually brother

[@oisinlynch8427]

@@angelh8367 so the queens untitled because she’s a relation?

[@BoxGamesYT256]

Aliens: zkreea zazakakkakakka OROROKAKZKEER gold

[@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.

[@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.

[@bUwUmer1260]

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]

@@bUwUmer1260 yet the vast majority of gold is stored away as gold reserves. Only a small fraction is used for jewellery and technology.

[@bUwUmer1260]

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

[@Xzacher1]

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

[@carrotcake5058]

You had me at potato and lost me at valuable 😒

[@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

[@neil659]

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

[@tigerdoug9789]

Yeah

[@tigerdoug9789]

Elon: what limits?

[@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.

[@Wasnt-1]

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

[@sweel863]

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

[@steady2252]

*crashes into mars*

[@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.

[@FT-uh7tx]

I know 99% of people won't see this, but to the 1% have a blessed day😊

[@nicoleatkinson5002]

I'm one of the 99%

[@nicoleatkinson5002]

You're quite a funny guy aren't you ..... 19 million cracks in the firmament right?

[@ronantheacusser2305]

Thx

[@nicoleatkinson5002]

@@ronantheacusser2305 just remember who wins in the end 🙂

[@ii7990]

You too!

[@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

[@raphaeldouglas9361]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

[@peterbedley2719]

Yeah! I agree with you sir.

[@peterbedley2719]

If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.

[@itoboreoghenevwegba4306]

@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.

[@michealdouglas8206]

@@itoboreoghenevwegba4306 That's very correct sir!! And that is why most of them end up losing they m o n e y to s c a m m e r s.

[@michealdouglas8206]

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

[@blazingbeast3214]

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

[@aryangray33]

2.4k*

[@thanos99yearsago82]

@@aryangray33 2.5k*

[@aryangray33]

@@thanos99yearsago82 i meant 24kcarrot gold

[@drew4509]

This gold wouldn't be for sale whole It would be used for his tech.

[@nathanhume5044]

I think SpaceX should mine it actually. That would give the mars mission all the funding it needs.

[@thepoglin8479]

@@nathanhume5044 and crash the gold economy to the point where it would be worth a quarter per ton

[@tommiestevenson1312]

correct

[@scooby-dooafterlife6969]

@@thepoglin8479 And that would be bad? Gold could be more used in tech thus making things cheaper. Also, they wouldn't bring thousand of tons more like hundrets of kilos

[@niklasvilhelm7247]

@@thepoglin8479 gold is usefull in technology, just like diamonds. Wouldn't be a bad thing in my opinion.

[@Arnold_X3]

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

[@HeemMotivates]

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☺️

[@Supasmartguy]

Don't be religious

[@mayi.matysik6332]

Ty and the same to you

[@DJ_Shenanigan00]

Religion is hope for the weak minded

[@HeemMotivates]

@@Supasmartguy first of all who told you my comment is religious smh??

[@moomoomoo33ass]

Thankyou! You too!

[@SamuelMartin2425]

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

[@Tronter6000]

Inflation: Am I a joke to u?

[@RafałRuchlewicz]

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.

true gold wouldn't be worth shit if they was that much

[@paparoelie575]

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

[@RafałRuchlewicz]

@@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

[@MXForce16]

It will be billionaire space race to get that golden and diamond asteroid.

[@jinjitronic7457]

Perfect. It will drive down gold prices until it is actually worthless. SMRT

[@h.l.malazan5782]

@@jinjitronic7457 The one that control that asteroid will control the market of gold and platinum.

[@theenjeneer2493]

Jinji Tronic yeah but think of all the technology we will be able to create with it do you think gold i expensive becuase its pretty? No its because it has a use

[@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

[@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

[@beautifulthings2992]

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

[@Ksgrxy]

"Alright people get your shovels ready"

[@lorenalara2397]

RiOt StArTeD

[@wunpis9541]

Bruh Momento

[@quietkid-aashish3209]

@@wunpis9541 I would rather YEET the asteroid onto Earth

[@spencerfellows4724]

Gold is a great conductor. We would use it alot more if cheap. Guessing golds low is impossible. Such a useful material

[@tylersoto7465]

Gold and platinum have great conducting, electronic and advanced technology uses and having a abundance of it would make it cheaper and more effective

[@topranked744]

Amazing video 🙌🏻🙌🏻

[@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:)

[@Giogro]

No one would be rich with that lol, it would be good for humanity though since lower gold prices would make many technologies more economic

[@biasedasfluck6660]

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

[@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!!!

[@ThatJay283]

Mining a gold asteroid made of gold and bringing the whole thing to earth would make gold almost completely worthless due to its rarity. It would still be nice to look at, but it would become like copper, iron, tin, or aluminium. If that happened, things like wires would start being made with gold.

[@Hexauslion]

yes imagine every computer motherboard out there just being made of gold. electronics in this world would change history again and a new era of wealth will happen.

[@partytoy1]

I don't think gold cost so much just because of it's rarity but more because of it's use, it's a perfect electric conductor that never rust even in the harshness of space, it's use in almost all electronic devices and especially in satellites , i just think we will find more uses for it in electronics and not just jewelry

[@weareallbeingwatched4602]

Wires are already made out of gold.

[@rickywiddicks]

I did t know gold asteroids are made of gold

[@DarthSenorQueso]

@@partytoy1 Well small correction, nothing rusts in space because there's no oxygen to oxidize it.

[@kevin-yi9nz]

As if there is 10,000 quadrillion dollars in cash.😂😂😂😂😂

[@Caveman470]

Exactly. He will own the govt soon

[@daikon3199]

Didn't think of that

[@justaguy2023]

Like a pyramid of money

[@paulkawsek8617]

If you have so much supply of the metals it will drive the price down significantly.

[@FeetLov3r69]

Yea but the thing is if someone takes all the gold on the Astroid and sells it at a controlled amount the price won’t rise as much

[@jinjitronic7457]

@@FeetLov3r69 Most gold isn't used though. It's stocked. So it would be pointless for the price of recovery.

[@davisj789]

Not unless your mass producing electronics from 🤔

[@jinjitronic7457]

@@davisj789 the market sets the production rate though.

[@davisj789]

@@jinjitronic7457 but creating more efficient but cheap products like batteries, processing units, and satellites and telescopes (NASA loves to use gold) can absorb preexisting markets while cutting cost and increasing profits. The getting of the material is financial suicide, not worth it, but the near limitless innovation you can achieve from it would be world changing. Basically people will choose inferior materials over a better material for the profits instead a quality product. While it wouldnt be a monopoly but it would change the "gold standard"

[@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?

[@ji-yeongyi]

When asked about mining resources on Mars and bringing it home, Elon has said that it's not worth it because of the sheer distance and cost of transportation. He said any resource mined on Mars is better used there than bringing home. Just think about how much it costs per trip to space and how little can be carried to space per trip. Seeing as this asteroid is much farther away than Mars, I don't think it's likely he's actually planning to mine it, especially not in 2 years with the current technology. Study it, maybe. Idk about mining. Unless its orbit brings it much closer. But I'm not a scientist and I don't know much about astronomy so I can't really say. Lol

[@gcpins]

Bringing the asteroid closer to Earth would work the best. It would be much easier than trying to mine it where it is currently located, and it certainly beats waiting for it to get closer to us.

[@calummacleod4416]

It’s in the asteroid belt it won’t come in without help (impact or towing) but no point bringing back to earth not because of the distance but the fact earth has a deep gravity well not good for leaving or arriving. Mars is a lot easier.

[@gcpins]

@@calummacleod4416 it takes more much energy to get off the surface of Mars than you might expect. It would be much more efficient to use a small probe or other device to propel the asteroid closer to Earth, or even just have a long term mission to mine at the asteroid without moving it. Going to and from the surface of Mars, and returning with considerable amounts of gold inside wouldn’t work either. The wouldn’t be any point in bringing back smalls amounts of gold. Bringing back enough of the gold on Mars to be profitable or even just cost effective is unrealistic.

[@HarryL2020]

It's easier to move an asteroid or take off from them, Mars has a lot more gravity and not as resource rich as some asteroids.

[@whatsultra2743]

@@gcpins | How are you bringing the asteroid closer without getting to the asteroid?

[@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

[@totskitv]

Nice interesting sir more post

[@amvcity6076]

And We are all screwed now because prices will rise now

[@Redmanticore]

only if you invested in gold. invest in other thing, silly capitalist. invest in betterment of mankind. its about betterment of human kind, not betterment of your personal pocket at the expense of other´s suffering.

[@dand2760]

There’s an abundance of it here on earth I’m sure..it’s just hard to get to. It’s always interesting how it only has significant value because it’s something that we applied to it. Freshwater has more value than gold in my opinion.

[@chuckitinabucket8046]

It's way more hard to get to the abundance of fresh water then it is gold. It's obvious a lot of places don't have water and the problem is getting it to them. So many places don't need water though so the value of it is based on where you are. Gold has value everywhere.

[@Azyjfm]

Dan D will always choose Gold over Water.

[@francois853]

@@Azyjfm Until you need water and no-one will accept your gold in trade 😉

[@johnm.castillo3163]

*in your opinion. I wish others would think the same, dan

[@awseko4732]

The only thing stopping gold’s inflation rate going up is the limits of our technology which is always improving… The ocean holds 3x the current gold supply. This asteroid holds 6.66Bx the current supply. Bitcoin will never ever have this problem 🤡

[@MukulJainx]

The goal of harvesting such things especially by people like Elon is not to get rich but to use that material in more advancement of their work/innovations

[@jineen123]

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

[@dark-cd8xg]

To the 1% reading this: I hope you are staying safe and healthy during quarantine ❤️ I’m so close to 3k, I’m struggling to get there ♥️

[@maramazani1]

Ok

[@Steph1]

“People at NASA are interested” Shows SpaceX rocket SpaceX is the new NASA? 🤟

[@3MinutesD]

@@universalpsychic32 nasa was funding space x in the start , not anymore , space x is a completely independent private company! Need to research a bit lol

[@3MinutesD]

@@universalpsychic32 yes but you said they are one in your first comment which they aren’t. I corrected that part and not anything else ;)

[@3MinutesD]

@@universalpsychic32 No it is not lol Space X has contracts with NASA they do not own It are you mad ?

[@3MinutesD]

@@universalpsychic32 they don’t but whatever it’s your opinion mate and everyone deserves theirs

[@kyle1751]

Nasa uses spacex rockets soooo...

[@atte1653]

i dont think gold can get inflated because they derive their value differently than paper currency. the dollar is dependent upon the actions of the federal reserve, central banks, global factors, and the general health of the economy .gold has value because of its scarcity and many modern uses. for example: Jewelry - A majority of gold purchased by consumers is made into jewelry, and this has been the case over hundreds of years and across the world. Its durability and resistance to tarnishing makes it a durable and stylish metal. Electronics - Since gold is a great electricity conductor, small amounts of it can be found in a number of electronic devices, including cell phones, televisions and computers. Medicine - Gold is used in a wide range of medical treatments, namely its isotopes for some radiation treatments. Additionally, crowns and other orthodontic fixtures are often made in gold since it is non-allergenic. Space - Gold is also used on the insides of space travel vehicles to help shield occupants from high heat or radiation. Awards - Gold’s high industrial quality also contains aesthetic appeal. Some of the most recognizable awards are made of gold including Olympic medals and the Academy Awards. go for it Musk

[@abhayprasad9580]

Nice comment

[@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.

[@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

[@cheesydoritobag2167]

Could it make everyone "The Richest" lol

[@jdwmyt]

What does a vampire take for a sore throat? Coffin drops.

[@Jhyy55]

Yes homie.

[@metroboonk5961]

@@jdwmyt joke

[@Andrew-qs6ml]

Idk with that face u cant on photo

[@supralapsarian]

“But one thing is for certain, and that is: Statistics” As Mark Twain often quipped: “There are three kinds of lies: lies, damned lies, and statistics.”

[@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.

[@PuudingMusic]

The value of gold is just gonna drop really fast lul

[@JadeDustineLunas]

Yeah like him becoming the richest man lul

[@joyhouse5934]

Why would gold drop in value 🤔gold is used in tech around the world and if space, Mars was colonies than gold would have a bigger value because of technology 🤔🤣😂can't bet against gold 👇👌💥

[@petrosp3466]

@@joyhouse5934 The value would drop drastically because we would have so much of it. The only reason why gold is valuable is because it's rare and it's a finite material. Wood is used a lot too. But it's not that valuable because you can just grow more trees + we have a LOT of it.

[@WayneTwitch]

@@JadeDustineLunas No...... gold is worth something because it rare having mass amounts of gold would make it worthless. Salt and sugar use to be the price of gold in the past now its almost worthless because we have so much.

[@zylnexxd842]

@@petrosp3466 no. Gold is not expensive for being rare. Just like how diamond is not rare but still expensive because it is useful

[@Nova_VII]

"It shaped like a potato" me: invest

[@mkp-pg7kg]

I'm waiting for the latest late night infommercial: "How to buy and sell real estate on a golden asteroid."

[@amitkhajuria6247]

the latest video of Mr beast: Stealing and mining Elon musk's gold asteroid worth $700 quintillion.

[@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.

[@louieis1337]

Scarcity is what makes gold valuable. Having lots of it makes it less valuable than what it really is.

[@nicolasruiz7054]

exactly was going to say that