At least everything would be covered in gold then. Electronics would be cheaper too.
They’d be cheaper to make.
yeah, after impact, quite evenly. last time it happened, it was called iridium anomaly. there’s not that much gold in electronics and other platinum group metals are more useful from material engineering perspective
There is no much specifically because it is expensive.
there’s not much because it can be plated real thin and more is not necessary
No. If it were as cheap as steel, we wound make whole packages from it. Completely new things. We already use thicker and more gold plating where the cost is not as much of a factor, like space, medical and military stuff.
i think of gold more as a premium lead. we’d for sure coat insides of cans with it, instead of tin if it was so cheap, but it’s weaker than steel. radiation shielding would be another one, ever heard of ancient lead used for radiation shielding for high sensitivity experiments? gold has none of these problems. gold ammunition, gold piping for chemical industry instead of nickel alloys, as long as it’s not too heavy. it would also cause all sorts of new problems with recycling
The accountant vs the engineer
i suppose i could duck it, but is gold more conductive than copper or silver? i thought gold was used because it resists oxidation but not because of its conductivity.
edit: yeah so tldr my hunch was right. but they’re all pretty similar in conductivity.
https://www.samaterials.com/blog/top-10-metal-conductors-of-electricity.html
No, that would make a few people incomprehensible wealthy while everyone else starved.
That’s where we currently stand.
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.
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.
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.
Not if I get to it first
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
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
#dontlookup
Yes, like everyone in Zimbabwe is a billionaire in Zimbabwe dollars.
The so-called Zimbillionaires
enought to make everyone on earth billionaires
How very thoughtful. Hope the present billionaires dont accidentally hoard it.
Naw the new quintillionaires will let everyone have a bit. The biggest change will be adjusting to the new ten-thousand-dollar menu at mcdonalds
More like the one-hundred-trillion-dollar menu.
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.
Yeah like the influx of gold and silver from the Americas shook the European economy in the 17th century:
That explains why our economy is so shaken today!
This level of inflation amounts to 1.2% per year compounded, a relatively low inflation rate for modern-day standards, but rather high given the monetary policy in place in the 16th century.
That’s no moon.
This would be useful for tech reasons I think. Isn’t gold a better conductor than copper?
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.
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.
To be fair, that movie was about climate change, not really the asteroid
Tim apple fucked us good.
