• Gold Asteroid

    From Lee Lofaso@2:203/2 to All on Friday, June 28, 2019 23:31:12
    Hello Everybody,

    Gold! And it is mine! All mine!

    NASA plans to send a rocketship and collect it for themselves.
    But now that the golden asteroid has been found, and its location
    known, it will become the property of whoever gets it first.

    Sweden has a frisbee champion who is certified to fly USA
    rocketships and Russian rocketships, making him the best space
    pilot in the entire world. Not sure what space pilots China
    has, but they do have a few. Nobody else has any space pilots
    with experience, so it looks like they are holding all the
    cards. Unless we build our own rocketships and fly them
    ourselves.

    https://www.rt.com/business/462703-golden-asteroid-everyone-billionaire/


    Just think of what this means. After NASA collects the asteroid,
    it will have more gold than all the gold at Fort Knox (and elsewhere
    around the world). What do you think NASA will do with all that
    gold?

    Bjrn has been telling us for decades that we should all invest
    in gold. What do you think the price of gold will be once it becomes
    so plentiful that nobody will care to own it? What will happen to
    the portfolios of those who have invested everything they have into
    gold? Will they become homeless?

    On the positive side, one will be able to wear all the gold jewelry
    they want and never fear getting mugged ...

    --Lee

    --
    Everybody Loves Our Buns

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  • From Björn Felten@2:203/2 to Lee Lofaso on Saturday, June 29, 2019 12:43:28
    NASA plans to send a rocketship and collect it for themselves.
    But now that the golden asteroid has been found, and its location
    known, it will become the property of whoever gets it first.

    Getting there is the easy part, getting parts of it back to Earth is probably 50 to 100 years in the future. By then the world fiat money economy will be history anyway.

    The European Rosetta mission, that landed a small rover on an asteroid, cost
    EUR1.3G. That's 32.5 tons of gold with today's value. And Rosetta wasn't even designed to return to Earth with it's rover. The cost for that would probably mean that for a decent ROI, they'd have to return 100 tons of pure gold to Earth. As I said, maybe in half a century or more, but not today or tomorrow.



    ..

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  • From Lee Lofaso@2:203/2 to Bj"rn Felten on Saturday, June 29, 2019 17:10:55
    Hello Bjrn,

    NASA plans to send a rocketship and collect it for themselves.
    But now that the golden asteroid has been found, and its location
    known, it will become the property of whoever gets it first.

    Getting there is the easy part, getting parts of it back to Earth is probably 50 to 100 years in the future. By then the world fiat money economy will be history anyway.

    The asteroid - Psyche 16 - is valued at $700 quintillian (USD)
    current price of gold. That is almost $1 trillion (USD) for every
    person on Earth. Just think what it would be like for you and
    everyone else on this planet to become instant trillionaires!

    Space mining is a growth industry, and the wave of the future.
    China wants to be the dominant player in this game, as its leaders
    control everything (owning the means of production, etc.). Do you
    think the Chinese leadership will share their good fortune with
    the rest of the world once they obtain the object(s) of their
    desire?

    The European Rosetta mission, that landed a small rover on an asteroid,
    cost
    EUR1.3G. That's 32.5 tons of gold with today's value.

    A gold mining company on Earth can mine about 4 to 5 million ounces
    of gold per year. That pales in comparison to how many ounces of gold
    makes up Psyche 16.

    And Rosetta wasn't even designed to return to Earth with it's rover. The cost for that would probably mean that for a decent ROI, they'd have to return 100 tons of pure gold to Earth. As I said, maybe in half a century or more, but not today or tomorrow.

    There are 14.58 troy ounces in a pound.

    $700 quintillion (USD) = $1 trillion (USD) per person on Earth

    How many troy ounces of gold does Psyche 16 have?

    More than you can count. A lot more.

    There are two ways of getting all that gold to Earth.

    One way is to send a bunch of rocketships to the asteroid and
    return with bits and pieces.

    The other way is to send one rocketship to the asteroid and
    attach a motor/engine so as to propel the asteroid to the Earth.

    Landing the asteroid on the Earth should not be a problem,
    as long as it is sent in the right direction.

    --Lee

    --
    Big Or Small We Lay Them All

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  • From Björn Felten@2:203/2 to Lee Lofaso on Saturday, June 29, 2019 18:27:59
    The asteroid - Psyche 16 - is valued at $700 quintillian (USD)
    current price of gold.

    By whom? The Russian troll channel RT? Do you happen to know how they came to that result?

    Landing the asteroid on the Earth should not be a problem,
    as long as it is sent in the right direction.

    Landing it somewhere in Louisiana OK then?




    ..

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  • From Lee Lofaso@2:203/2 to Bj"rn Felten on Sunday, June 30, 2019 01:58:55
    Hello Bjrn,

    The asteroid - Psyche 16 - is valued at $700 quintillian (USD)
    current price of gold.

    By whom? The Russian troll channel RT? Do you happen to know how they came to that result?

    Er, I didn't ask. Was that important?

    Landing the asteroid on the Earth should not be a problem,
    as long as it is sent in the right direction.

    Landing it somewhere in Louisiana OK then?

    Playing bourre (a Cajun card game) with gold is going to be a lot
    more fun than playing with fiat money ...

    --Lee

    --
    Our Nuts, Your Mouth

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