This discovery makes the anunnaki look really stupid.
No, that would make a few people incomprehensible wealthy while everyone else starved.
That’s where we currently stand.
It all depends on property rights and ownership. If few people hoard and control all of the resources and means of production that make the resources like gold valuable, they will continue to profit. Everyone else’s standard of living will continue to plummet in their efforts to control more markets (through wars, embargoes, trade agreements, etc.) and squeeze out the greatest amount of profits from everything and everyone.
Until property relations change, the property-less (and I don’t mean a single family homes….i mean machines and resources that create wealth) will continue to struggle to greater and greater degrees across the world.
Any way you slice it gold would be less-valuable.
Asteroid mining is good for resource gathering, not accumulation of wealth. And even then it’s much more useful for resource gathering for use in space than on Earth. If you can launch once, then mine, process, and use the resources without having to do more launches and landings it’s much more efficient. Then you’d start manufacturing in space to further reduce the amount of required launches.
Being rich isn’t having wealth. It’s keeping what has value away from anyone else.
Being rich means having a surplus of valuable commodities and capital.
In a modern capitalist system, the commodities are fetishized in order to inflate their received value.
But in a more socialized system, shared capital has the capacity to enrich everyone.
The big catch is that, under a more socialist economy existing in parallel with a capitalist media, poverty becomes associated with the public institutions while capitalism becomes indicative of education, independence, and success.
An individual might be wealthy with respect to historical peers under a socialist model, but still feel improvised relative to the elites and their horded private wealth. That they’ve got access to libraries and parks and subways and public housing doesn’t feel like wealth relative to the country clubbers who have more grandeous private versions of all of the above.
You’ll see this in Western depictions of Soviet states all the time. Small apartments, bread lines, and grumpy bureaucrats are slanted as rampant poverty. Meanwhile, homelessness and malnutrition and the lawless frontier are all just part of the Hero’s Journey on the way to glory.
The biggest value of this meteor is not gold it’s iridium and ironically it’s what we need to explore more other planets because iridium melting point is way higher. Also high precision electronics needs it
Not if I get to it first
And it’s all yours 😊
enought to make everyone on earth billionaires
How very thoughtful. Hope the present billionaires dont accidentally hoard it.
Look up a movie called “Don’t look up” which has a similar story regarding a situation like this. I’ll say human greed has no bounds.
Tim apple fucked us good.
Yeah like the influx of gold and silver from the Americas shook the European economy in the 17th century:
I hope palladium and other PGM become worthless so catalyst converters are ok to own
You just want to keep your stolen converters ;)
Convert Deez nuts
But think of the gold cable connectors.
Monster Cable would have to find a new, useless luxury connection material. Platinum plated HDMI with carbon fiber strain relief boots.
DON’T LOOK UP!
Gold price would lower until it’s the same price as it costs to mine and bring it to earth, if that’s at all lower than whatever it’s currently.
Making everyone on earth richer is how it’s supposed to work. Not like millionaires, more in the sense that gold is a resource that requires us to ration it in a sense, and we would be able to use the cheaper gold to make all lives better.
That an influx of gold wouldn’t do this is an indictment on our economic system.
This would be useful for tech reasons I think. Isn’t gold a better conductor than copper?
