You bitcoin shill bugmen really are clueless about metals. It requires moving twice the tonnage of dirt right now to get one ounce of silver as it did just over one decade ago (then add 2007-2017 printing and inflation on top of that). Peak gold and silver have just occurred recently. All the low hanging fruit is taken first; only much more costly stuff is left in the ground. There is no super secret technology to move exponentially increasing amounts of dirt using the same amount of energy as before. Most of these machines involved are running on diesel.
The govt is afraid that letting stocks implode will cause the boomercucks to riot since all retirement funds are tied to them, plus the oil industry has mega amounts of bad debt that could probably blow up the whole system as well if they don't try to inflate that away. Govt is clearly attempting some type of last ditch effort to float the system by having a 1970's inflation epidemic. Metals went up 10x last time this happened in an 8 year span. Putting money into bitcoin and praying some other scammer pumps the valueless tokens is gambling. Putting all your money into the base of Exter's pyramid (gold and silver) and waiting for the 10x is not gambling.
The dollar is also dying/losing reserve status this time around unlike in the 70's, so god knows what type of crazy numbers you will see for things like metals in the near future (denominated in USD at least).
Wake up man..you missed the future..its here.
16 Psyche is located in the large asteroid belt between Mars and Jupiter. It is a 130 mile (200km) wide chunk of metal, made up of iron, nickel and a number of other rare metals, including gold, platinum and copper. If the asteroid could be transported back to Earth, the iron alone would be worth $10,000 quadrillion (£8,072 quadrillion).
The article I got this from goes on to explain how NASA is setting up a probe and scientific experiments to explore this very rock. There are literally millions of similiar and much closer NEO's that will be mined for raw materials in this century. A few of the companies on the forefront of this are Deep Space Industries, Kepler Energy and Space Engineering, Planetary Resources and Moon Express.
Gold and other so called "precious" metals are not so rare and precious. The future is encryption.
Nice try shill, but your disinfo campaign only works against children with zero education. Earth is for all intents and purposes a closed ecosystem. It's been so for the entire 200,000+ year history of humans and is not changing anytime soon if ever. I've never seen a more disingenuous and idiotic attempt to pump bitcoin and discredit metals in my entire life than these liars that claim humans are going to be mining gold on other planets in the near future and that the cost of production for one of those ounces isn't going to be like a million dollars each haha. You are either stupid, a scammer, or all of the above.
It does not matter what the fuck exists out in space. There are entire planets made of hydrocarbons. Does that mean you should short oil? No. The only thing that matters is cost of production and anything in space is astronomical and will not change anytime soon. EROI is also collapsing, compounding that problem even more so. You would need GIANT spaceships with on-board fusion reactors that also do do all extraction and refining with the same fusion energy source. You are talking science fiction nonsense. People made these same claims in the year 1950.
