NASA is set to launch the Psyche Satellite this October which should reach its target in 2029. With scientists speculating that the asteroid is made up primarily of precious metals, what do you think will happen to the gold market if at some point in the future we are able to begin retrieving this precious metal?
If the entire gold supply were too simply double overnight this would cause the value of all existing gold to drop dramatically. What would happen if the entire gold supply were to 10x, 100x, 1000x over the course of, say, a decade or two?
It’s an interesting thought because as compared to Bitcoin, gold is the largest competing store of value asset. Would an event like this cause massive multi-decade inflows to Bitcoin as people sell off their gold?
https://www.nasa.gov/feature/jpl/nasa-s-psyche-mission-enters-home-stretch-before-launch
No comments:
Post a Comment