GOLD

>BTC will hit $1M before gold ever sees $2k again
HOW? Normies got burned and are not buying again.

once the bullrun starts again in 2020 they will FOMO in like they always do

first time you get burned
second time you think you know better

One major blindspot here is the upcoming recession. It will be interesting to see how the crypto market responds

Link $9999 eo November 2018
Check them !

>not viable for hundreds of years
It will begin in this century.
planetaryresources.com/
deepspaceindustries.com/
The asteroid belt contains trillions $ worth of all kinds of materials, many of which are rare on earth like platinum, not just gold. Any real development in space (any large infrastructure, e.g. permanent settlement on mars) would likely be preceded by asteroid mining. Devaluation of gold would just be a byproduct of this industry, and a plentiful supply of gold will open up all kinds of utility. Kind of like how aluminium used to be more valuable than gold until we invented better extraction methods and now it's everywhere.

Peter Schiff is essentially telling you to invest in aluminium 50-100 years before the market gets flooded with 100x supply, or at the very least it will be foreseeable by then and nobody will buy gold for store of value.

Actually not interesting at all... riskiest assets are sold first, happens in every recession. Projects not working by then will be done for. LINK will survive so chill

gold is not even near rare tantalum is where it's at.

>It will begin in this century.
Sure, first trials and such. Nothing that even begins to rival the scale of gold mining on Earth until 2200.

It costs millions to return less than a gram of sample material from the asteroid belt. In space, prices scale linearly with mass, so unless there's several orders of magnitude improvements in efficiency, it won't be viable.

Currently the only ideas for such an improvement, that aren't completely physically impossible, would add decades to the trip time, so even then a round trip to return even a kg of gold would take half a century.

We'll have cities on the Moon and Mars long before asteroid mining is viable outside of science fiction.

>several orders of magnitude improvements in efficiency
we're already relatively close to reusable rockets
>would add decades to the trip time
You do realise the asteroid belt is closer to earth than Mars is most of the year.
>cities on the Moon and Mars long before asteroid mining is viable
Completely ridiculous. First see above regarding distance. Second we're going to get thousands of humans settled on mars before we can send robots to mine asteroids? Where will we get the materials to build and maintain these settlements? By extracting resources from the planet? hmm, kind of like mining, except when you mine the asteroid belt you have far more resources available in far greater quantities and you don't have to fight gravity to get it back in to orbit to bring it back to earth or to mars. Not even worth mentioning the economic incentive of asteroid mining vs settlement on mars, no comparison.

>we're already relatively close to reusable rockets
And that's about one order of magnitude in price, but not in propulsion efficiency, not nearly enough to make asteroid mining feasible.
>you don't have to fight gravity to get it back in to orbit to bring it back to earth or to mars
You have no idea how orbital mechanics work, returning something from the asteroid belt to Earth takes exactly the same delta-V as getting to the asteroid belt in the first place.

This only makes sense if you use these asteroid materials for a space station orbiting in the asteroid belt itself, e.g. as interplantetary or interstellar transfer point. Then you use the asteroid resources to build and supply the station. But then the gold is still up there, just as it is now, and will have no effect on prices on Earth.

It doesn't matter how much gold it contains. Tansport weight is limited and will always be limited. You are not even close to mine a full asteroid. Not even taking in account the insane costs of the space mission, ressources etc

>This century.

just lol