Is space mining creating market differences and on-earth-inflation? - page 3.

icalical

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Quote from: Bialke on September 05, 2023, 10:01:42 PM

Are there big differences of the price of f.E. Helium 3 on the Moon-market and the earth market? And aditional: Are there big differences of the price of Gold on the Planet X-market and the earth market?

Logically yes, because there will be additional cost for transporting those Helium and Gold, and the cost will be significantly higher compared to transporting gold on the earth. Considering those transportation cost, I don't think any company will do such mining on space except the Gold / Helium supply on earth is very low and the demand is very high, thus the price is of Gold and Helium is sky rocketing, only then mining on space will be viewed as profitable.

Findingnemo

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Quote from: Bialke on September 05, 2023, 10:01:42 PM

Example #1 - Fiction - Planet X with huge amounts of gold

Example #2 - Real - Earth Moon with huge amounts of Helium 3 and 4

How is it taxed?

In both scenarios, the supply will be increased but the demand is going to be the same unless we are going to trade with other species apart from humans But for now, let's keep it realistic, the value of gold and helium will fall nothing else.

Taxation depends on where the mined gold is sold to.

Space/asteroid mining is still a speculative idea so we never know when it will be possible and also there is no necessary that the mined gold from outer space will be cheaper if we take the infrastructure, transportation and etc. into the account with the value of gold.

avikz

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What is fiction today, might become a reality tomorrow. Space X has already created a rocket that can be reused over and over again which may pave the way for commercial mining in other planets in future. However, any company or country mining from other planet will not flood the gold or energy market be because it will destroy the price with over supply and make the mining company unprofitable.

So even if energy and gold are found in outer space which can be mined, we commoners are not going to see any change in price.

Hispo

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In my opinion, the whole concept of space mining, asteroid mining and similar extraterrestrial source gathering are supposed to give continuity to the current capitalist system most of the countries partake in, in order to sustain itself it is important to have access to new sources of valuable assets and thrus the value of those assets is supposed to be transfered to Earth, otherwise it would not make sense to exploit resources if they are not intended to feed and enlarge the market we already have.

Granted, in the far future colonies on the Moon and Mars may have their own economics, but they will likely be dependent on Earth's.

Also, space mining is something very far away, neither of us is likely to see it in our life time, unfortunately.

Yamane_Keto

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The basic rule says that no comparison should be made between two completely similar commodities. If the gold found outside the ground is the same purity as the gold found on the ground, then it will certainly have the same value and will vary according to the purity and the percentage of impurities present. However, I believe that if large quantities of gold are found, its price will decrease and this may affect metal prices. Other industries may use gold for its high conductivity and efficiency.

If Helium-3 (He3) is found in large quantities and safer nuclear fuels are designed, oil and gas prices will be greatly affected as electricity can be used in more sectors.

pinggoki

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It will definitely create a difference in the market for a lot of precious metals and resources because we're not limited to our planet to mine these minerals. I don't have much knowledge about mining and helium or gold market but the one thing that I'm sure of is when there's an abundance to a material and there's a lot of demand for it, the price will definitely go down but that's not the absolute result if space mining becomes a thing, take note that we need different sellers/miners in the market so there's competition and people have a choice which one they should buy but if space mining is monopolized or cornered by one company/country then expect no price changes in those minerals.

sesterceshop

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In theory, they could impact the markets for these precious resources on Earth. The supply of these elements would likely increase, which could potentially lead to lower prices unless the demand also rises significantly.

As for taxation, that's a complex issue. It would depend on international agreements, the legal framework established for space mining, and the involvement of various countries and companies. Taxation on space resources would be an evolving field, and governments would need to establish clear guidelines to ensure fair and equitable distribution of benefits. It's an exciting prospect to consider how space exploration might reshape our economic landscape.

Argoo

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Of course, if humanity begins to explore the more distant corners of our universe and supply rare metals and other chemical elements to Earth in large quantities, then this will affect the price of currently existing value standards, such as gold and silver. But I don't think it's worth worrying too much about it. Almost every year we discover new chemical elements with more complex structures and weights. Therefore, there will always be enough rare elements that can serve as a measure of value for us.

If our planet is supplied with the raw materials we need from outer space, people will only benefit from this. In any case, this will not affect the increase in inflation.

Bialke

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I have two scenarios I want to talk about. One is fictiion, but possible. The second is possible and in the discussion of current space agancys and companys. Source: https://www.esa.int/Enabling_Support/Preparing_for_the_Future/Space_for_Earth/Energy/Helium-3_mining_on_the_lunar_surface

Example #1 - Fiction - Planet X with huge amounts of gold

Example #2 - Real - Earth Moon with huge amounts of Helium 3 and 4

What if, companys or countrys can built and run factorys on both, Planet X and Earth Moon. And we can mine gold and Helium 3 and 4 in huge amounts additional to the earth sources. What will it do with the earth market for gold and energy (Helum 3 and 4)? Are there big differences of the price of f.E. Helium 3 on the Moon-market and the earth market? And aditional: Are there big differences of the price of Gold on the Planet X-market and the earth market? Or will the earth market crash?

How is it taxed?

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