Has Peak Gold Been Seen?

[DolanDave]

Then it's on to mining meteors and mars.

[Rick K - First Member]

Mining is huge here in AZ.  Saw a bumper sticker a few years ago...

EARTH FIRST...

WE’LL MINE THE PLANETS LATER

[oneguy]

1 hour ago, Rick Kempf said:

Mining is huge here in AZ.  Saw a bumper sticker a few years ago...

EARTH FIRST...

WE’LL MINE THE PLANETS LATER

Yeah....an oldie but a goody...lol

Most my working years was logging from calif. to Alaska and all points in between.....  our area bumper stickers were:

EARTH FIRST....we'll log the other planets next.

thanks for bringing that one up, I got a good laugh outta that...…….!

 

[AU_Solitude]

6 hours ago, DolanDave said:

Then it's on to mining meteors and mars.

One of the beautiful things about gold is that even if tomorrow massive placer gold deposits were discovered on Mars, the closest and most readily accessible celestial body, the cost of actually going there to retrieve the metal, then bringing it back, would far exceed the value of the metal itself. Even if recovery was simply picking it up from the surface. Moving things into, and out of space, isn't cheap. Gold prices are in no immediate danger from off earth mining - not in our lifetimes! 

[Dubious]

Yeah, even if you found a solid gold asteroid, it would probably be too difficult and expensive to bring it into an earth orbit and then land it safely for the project to be worthwhile.  But someone should ask Ilon Musk his thoughts on this :)

[Walker]

Even if we didn’t make a profit prospecting some of us would do it anyway. Think about Mars and all that juicy red dirt ?

[DolanDave]

On 12/26/2018 at 10:35 PM, AU_Solitude said:

One of the beautiful things about gold is that even if tomorrow massive placer gold deposits were discovered on Mars, the closest and most readily accessible celestial body, the cost of actually going there to retrieve the metal, then bringing it back, would far exceed the value of the metal itself. Even if recovery was simply picking it up from the surface. Moving things into, and out of space, isn't cheap. Gold prices are in no immediate danger from off earth mining - not in our lifetimes! 

Dont tell the Colorado School of Mines- They now offer Ph.d degrees in Space Mining https://space.mines.edu/