I don't know if I made my point clear, but gold mining in space is a real issue if our civilization lasts another 50 years.


Gold is kind of useless. So it will be mined as a by-product of the useful stuff. After it is mined it can very easily be loaded onto a rocket and parachuted into the earth.

Compared to the tiny amount of gold that we can mine on earth, the amount of gold you could get from an asteroid is stupendous.

If you truly think that people won't just rocket boost that space gold back to earth for a quick buck from people who like shiny things you're wrong. Somebody will find that asteroid containing 100 Trillion worth of gold at today's prices, and when they drop that baby onto planet earth the price of gold will decrease 10-fold.

Don't underestimate the possibility of that.


And it's not like you need to go to space to mine gold. There certainly is plenty of gold left to mine right here on planet earth.

Also what happens if a company simply puts equipment in an asteroid and then sells the gold to investors? Couldn't the price of gold drop without the gold even being transported to earth?

I could continue at length about just this small facet of why gold is inferior to Bitcoin as a currency but I won't. I think I've made my point.

Bitcoin is truly limited and deflationary even. Gold is inflationary and it's value is questionable.