Sunday, July 23, 2023

NASA Psyche Mission headed to iron and nickel-rich asteroid possibly worth quadrillions

 The current value of ~208,874 tonnes of all the gold ever mined is only $14.47 trillion, so the discovery and mining of huge new supplies of precious metals could cause a deflationary depression . . . some day.

Launch date is October, arriving in 2029. 

Stories here and here.

Meanwhile we can exchange worthless pieces of paper for all kinds of stuff made in China.

Seems fair.