Topic: Is space mining creating market differences and on-earth-inflation? (Read 426 times)

Everything has its time. After Neil Armstrong walked on the moon on July 20, 1969, the space race between the USA and the USSR was almost curtailed. Later, Edwin Aldrin, the second crew member of the Apollo 11 mission, stated that they then saw aliens on the Moon who did not hide their presence. In order not to show them to the whole world, mission control made artificial interference for two minutes. It seems that this was the reason that space exploration practically ceased.

Today, Russia, the USA and Europe are fighting for the right to become the first country to carry out a manned flight to Mars. The European Exomars Rover is set to head to Mars soon. It is planned that he will take soil samples and draw up a detailed map of the area. Even India launched its Mangalyaan space probe to Mars in November 2013. It is needed to develop technologies for space flights to the Red Planet. China also announced its plans to explore Mars, after the successful launch of the automatic interplanetary station Chang'e-3 to study the Moon. NASA is testing a “flying saucer” designed for a soft landing of a spacecraft in the rarefied atmosphere of the Red Planet.

At the end of July, scientists made a sensational announcement that a unique space engine had been created, thanks to which it would be possible to reach the Moon in just four hours of flight, and to Mars in two and a half months. That is, if you work in this direction, effective space technology will appear quite quickly.

But some have really not, we have internet, intelligent washing machines that you an program to start and close when your solar panes are in full sun, a fridge you can take a live look from your smartphone or make it add things to your order as soon as you get an item out of it but when it comes to flying, we haven't done much. Neither with space technology, we're 70 years after the launch of a satellite and not much has happen.

 

the rare material such as gold and the other will probably greatly affected when space mining is a thing but as you said no need to worry about next 50 year, because our technology stil so far from allowing us into having some efficient space mining going on, the increase in the material that earth is having due to space mining is still far away, but this doesn't mean that investing in precious metal will always be a safe haven for most of us to avoid the inflation, it also means that maybe in the future when space mining is really can be done by certain people or company or even government the price of the precious metal defnitely gonna be affected whether by small scale or large scale

but we are talking about the far future where everything is already advanced enough, right now even we are struggly in having inexpensive facility to launch a rocket, we are still in the early phase of space exploration where everything is still basics.

If what you are talking about is about accumulating physical gold which is a reality for everyone, I also think that it is not wrong to do so because now the price of gold has also increased and some people consider it expensive. However, because gold still has no limits up to now, wouldn't it be better to use other options such as collecting Bitcoin when the price is being corrected because at the current price level it will also be able to provide quite a profit if the price increase occurs again during the halving moment? Later.

You are a little mistaken. Technologies appear relatively quickly as soon as there is a demand for them. The main thing is that humanity has already reached the level of technical development when it can develop technologies for the extraction of minerals on other space objects. Of course, we are not talking about the next decades, although this is quite possible. Look how technology has advanced over the past half century.

Regarding the legal basis for the extraction of natural resources in space, the current methodology of private law in civil legal relations, the basis of which has existed since the so-called “Roman law,” can well be applied to it. Roman private law, which regulates all civil transactions, is more than two thousand years old, but to this day this law has not changed significantly at all.

Space mining will not be possible for the next 50 years atleast, and we never know what will be the priority after a century and most likely the demand for natural resources will be higher so companies will be focusing on bringing them to the earth. As of now we don't worry about stacking as much as gold you can.

we haven't been there yet to estimate its effect towards the earth economy but im expecting that it might create market differences if the cost of transporting and mining and the raw materials it produces far outweight whatever it is in earth, the key term is whether its cost efficient enough to make a profit and whether there are abundant resources out there to mine.
space mining could only work if its cost effective enough, but we haven't invented anything that could support the space mining as for my knowledge.
even transporting interplanetary materials take so much money, sending rover to mars already taking so much money i don't think its viable enough as of now until we finally found new technology that could
cut costs such as spaceX's reusable rocket only then its gonna be affordable enough and still make profit otherwise i'm quite pessimistic that its gonna be done around this century anyway.

As far as I am concerned speculative assets are difficult to consider. Their prices are not understood and a lot of money is wasted for the commercial. Look at the underlying motivation to adjust your strategies accordingly. For example, consumers of all ages are looking for value giving brands the opportunity to hack viral trends and drive awareness for their products. Stay away from thinking about the near future.

I thought that the main issue with space mining would be that it's way too expensive to go into space and perform the necessary work, which makes the operation a waste of money. However, there's actually a bigger problem: according to NASA, we're not there yet on a technological level. There is research and there is interest in this idea, but the tech just doesn't exist. Another thing that needs to be developed is a legal framework to establish the ownership of things mined in space.
Considering financial, technological, and legal obstacles, I think we shouldn't worry about the impact of space mining in the near future.

As far as I know we have yet to extract resources from extraterrestrial bodies which makes your hypothetical scenarios difficult to answer with certainty.

But one general rule that applies to all is that the price of a good depends on how easily or how hard it was to extract, manufacture and transfer that good to merchants.
Since it is from the outer space, we can imagine that it would cost very expensive but gold here on earth might not that be expensive as the one outside.

Humanity now needs to think not only about resources for our planet from other space objects, but also about the reserve existence of people on other planets in the event of a global catastrophe on Earth so that people can simply survive. We see that the probability of death of humanity at the hands of people themselves is even much higher than the probability of death from natural and space disasters. Man is such an unreasonable creature that he constantly fights with each other and periodically destroys his civilization, and this also does not exclude the death of the planet itself or the impossibility of living on it for centuries and even millennia in the event of a nuclear war.

Elon Musk wants to move a million people to Mars and establish a human colony there for precisely this purpose. But this is only the first stage. The next thing should be the settlement of people outside the solar system, because our solar system with the Sun itself in the center is also not eternal. But these are already problems for hundreds and thousands of subsequent generations of people.

Our ecosystem still provides enough resources for human existence to last for centuries to come, but one would also think about the hypothetical colonization of neighboring planets to exploit natural resources and fuel. Whether. I also watch a lot of fantasy movies. I can imagine that if we exist in the future and lack resources, there are many proposed scenarios, let's not talk about the tax story because I'm not sure. that in the social context at that time we will still maintain the old management style. But movies like Avatar 1, DUNE 1 2,... all give me the feeling that people will always lack resources and they will be forced to find and control.

coming back to earth with a payload of rock where gold was only X part per tonne is not affordable. but having a moon colony that refine it and so what comes to earth is a pay load of 99.9% pure gold, no excess rock. would be more than affordable and very profitable

EG watch "gold rush" tv show.
count how many loader trucks move dirt in that weeks episode, between 'paylayer' mining area to the sluice machine/refining area.. and then compare it to the JAR OF GOLD at the end of episode weigh in.
imagine the asteroid<->moon as the trucks and sluice machine. and the rocket that comes to earth as the jar of gold.. not the dirt loader truck
(in space you dont need much fuel to move loader rockets between asteroids and moon, but you would need a few dozen tonne to move between earth to space)
so expect most refining to be done in space so what goes into space are EMPTY hull rockets (light weight, less fuel(empty jars)) and what comes back is heavy load(gold filled jars) of refined gold, then let gravity does most of the work

The extraction of natural resources and chemical elements in general from space objects will in any case bring great benefits to humanity, regardless of the amount of money spent on this activity. We constantly spend enormous amounts of material wealth and effort on waging endless wars and other wasteful activities, but flippantly brush aside what can later bring us significant and permanent benefit to our existence.

In addition, the organization of the extraction of useful substances on cosmic bodies should not be considered in isolation from other processes that will necessarily occur. We are talking about the probable settlement of these objects by people and the development of other related types of human activity. We definitely need to think now about duplicating human life on other planets, their satellites or even asteroids. After all, if any global catastrophe happens on our planet, then humanity may cease to exist. The presence of other people within our solar system will be at least some guarantee that this will not happen.

The opportunity provided for space exploration must be used immediately. When this process begins, new technologies for this development will appear, and its significant reduction in cost.

Why do people think of this as anything different than two nations trading? I mean lets say country A has timber, and Country B has gas, one would send timber, and the other would send gas, and not like they would barter, they would sell and see the difference between them, maybe one would sell 80 million dollars worth of timber, while the other would sell 1 billion dollars worth of gas.

In this scenario, if we have colonies in all these planets, then planet X would send Gold, and moon would send Helium, whereas Earth would send something else and we would see who comes out on top. I would say going to a planet or an asteroid, and mining gold, and sending it back again, all costs way too much right now to make it profitable to be fair.

im sorry to inform you but they cant even get to visit the titanic successfully with humans in a capsule


its feasible now.. due to re-using rockets, the cost of getting capsules into space has been proven affordable compared to how much weight the payload of rocket can return with.
the only thing stopping space mining is the infrastructure being in space where they can refine the rock into more pure rare elements to then return to earth with a light payload that is not 99.9% rock:0.1% rare element,
which at a 100tonne payload of rare element could be worth billions per round trip IF refined in space, where only pure form returns to earth..
(carrying just unrefined asteroid rock, would be like 0.1tonne of gold (3527.4oz@$2k=$7m) so not worth the trip)
(carrying just basic-refined asteroid rock5% purity, would be like 5tonne of gold (176,370oz@$2k=$352.7m) so not worth the trip)
(carrying semi-refined asteroid rock50% purity, would be like 50tonne of gold (1,763,700oz@$2k=$3.527b) so worth the trip)
(carrying refined rare earth elements 99.9% purity, would be like 100tonne of gold (3,527,400oz@$2k=$7b) so worth the trip)

they just have to get the infrastructure up there + a couple of engineers(maintenance guys to repair the automated drills and refineries)
and ofcourse first need to find a water source for basecamp up in space as fuel and hydration

so its technically feasible and affordable. just takes time to implement

if you look at everything recently
the Mars rovers small scale core drilling samples of test tube size amounts is a sandbox test of remote commanded mining
Elon musks 'boring company' is other R&D, as is his solar, his electric car and space X

Just a few decades ago, digital technologies, the Internet, and artificial intelligence also seemed like science fiction to us. Therefore, several more decades will pass and the extraction of valuable chemical elements on planets, comets and asteroids may well become a reality. The main thing is that people unite their efforts in this, and not fight with each other. There is nothing particularly complicated here, you just need to invest large sums in this activity. But I don’t think this is a problem either, because private businesses are happy to invest in it, given the income it promises to generate.
When this gets under way, space exploration and the development of equipment and technologies that are associated with it will go much faster.

It totally sounds like a sci-fi movie plot or something! I mean, they wanna send robots and vehicles out into space to latch onto space rocks and extract things like gold, platinum, and rare earth metals.  Wild right?

I guess the idea is that doing this could bring back huge amounts of these scarce materials, which would kinda crash prices here on Earth.  It would totally shake up commodity markets at first.  But in the long run, having more abundant access to useful elements could lead to innovations in technology... who knows what else.  More spaceships for sure!

It seems kind of far out there, but bringing back asteroid materials could maybe usher in a new age of space exploration.

sooner or later human civilization will reach the point where humans will not only explore and mine materials on earth, but also on planets close to earth. even more amazingly, human civilization is predicted to be able to mine enormous amounts of solar energy for the advancement of a cleaner and richer human life.

the moon and asteroids were only the first places humans would use for research, development, exploration, and mining. in the future there will be more places mined by humans and this will not affect the price of materials on earth because the cost of exploration is also quite expensive.


as far as i know, for the moon itself, countries that have set foot on its surface have annexed several territories and have declared that it is their territory. so for tax matters, it will be handled by each country according to their regulations.

Space mining is still a very distant and pretty much insignificant thought in the current scheme of things. You are much more likely to see deep sea mining taking place, as very rich undersea vents offer much easier access, extraction and delivery of these type of mineral resources. The atmosphere is hundreds of miles thick and very difficult to even get a handful of people through at the moment, so it's unrealistic to be able to move a lot of goods back and forth at any sort of reasonable profitability, companies and governments will always go for the easier targets first. There may, in the more distant future, be a need to extract certain elements from outer space in future but not for a very long time will it be feasible.