Latest / Financial Survival Network / Mining Asteroids – Will Off-World Metals Collapse the Global Economy? – Robert Ian Reports

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Mining Asteroids – Will Off-World Metals Collapse the Global Economy? – Robert Ian Reports · Financial Survival Network

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  Speaker 1: You were listening to Carrie. Let'sa's financial survival network where
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  Speaker 2: Hey, Carrie, this is Robert Ian with conquer Change dot com.
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  Speaker 2: On March twenty third of twenty twenty five, a BBC
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  Speaker 2: article entitled are we on the verge of mining metals
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  Speaker 2: from asteroids above Earth? Both caught my attention and reminded
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  Speaker 2: me of a previous discussion I engaged in a half
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  Speaker 2: dozen years ago on this very topic. There's a lot
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  Speaker 2: to unpack here, so for the purpose of this discussion,
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  Speaker 2: I'll tap just the highlights and preface this intriguing topic
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  Speaker 2: by saying that, when successfully brought to fruition, the ability
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  Speaker 2: to mine asteroids, the Moon, Mars and other locations in
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  Speaker 2: space will not only change, but potentially rewrite the underpinnings
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  Speaker 2: of our economy of money, debt, and the entire production, manufacturing,
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  Speaker 2: and supply chain paradigms we currently operate under today. Not
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  Speaker 2: to mention mining as we currently know it, and even
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  Speaker 2: the use of precious metals like gold and silver as
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  Speaker 2: a store of value. I will say the BBC article
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  Speaker 2: is quite thought provoking and covers a wide range of
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  Speaker 2: current initiatives, so it's definitely worth reading. Unbeknownst to most,
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  Speaker 2: numerous technolology startups and other initiatives are well underway to
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  Speaker 2: develop new technologies and processes for mining near Earth asteroids
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  Speaker 2: for what are considered valuable concentrated metals like platinum, which
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  Speaker 2: are needed for fuel cell and renewable energy technologies. There
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  Speaker 2: are numerous rare earth metals as well as helium three
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  Speaker 2: for nuclear fusion, all of which are critical resources for
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  Speaker 2: a variety of use cases. At the time of the
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  Speaker 2: article's publication, another metal, rodium, was valued at approximately one
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  Speaker 2: hundred eighty three thousand dollars for just one kilogram, So
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  Speaker 2: it was speculated that sampling such metals from asteroids could
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  Speaker 2: prove lucrative in the future. But just exactly when is
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  Speaker 2: that future? What is the time timeline? It appears to
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  Speaker 2: be very early in the process. Materials have already been
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  Speaker 2: sampled directly from asteroids by state agencies Japan. Did it
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  Speaker 2: in twenty fourteen, NASA did it in twenty twenty. Experts
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  Speaker 2: argue both ends of the timeline continuum. Some have suggested
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  Speaker 2: actual asteroid mining is still thirty years away, while others
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  Speaker 2: have said private asteroid mining will happen much sooner than
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  Speaker 2: people predict. The Earth, of course, is still very rich
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  Speaker 2: in resources, including those rarely discussed at the bottom of
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  Speaker 2: the sea, but in all fairness, we've essentially regulated ourselves
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  Speaker 2: into oblivion in terms of accessing many of these Earth
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  Speaker 2: based resources. What is a bit confounding, though, are the
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  Speaker 2: seemingly mixed messages circulating about space in general. Not a
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  Speaker 2: discussion about asteroid mining. But in March of twenty twenty five,
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  Speaker 2: a podcast with Ted cruz Elon Musk was the guest
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  Speaker 2: and was asked point blank what year does the first
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  Speaker 2: human step foot on Mars. His answer was shocking. He
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  Speaker 2: said twenty twenty nine at the earliest, and no later
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  Speaker 2: than two to four years after that. In other words,
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  Speaker 2: four to eight years from now the first humans will
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  Speaker 2: go to Mars. Now, either there's technology available that hasn't
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  Speaker 2: been fully unpackaged yet to the general public, or those
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  Speaker 2: comments are a bit on the ambitious side. Let's go
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  Speaker 2: back to asteroid mining. In the Asteroid Belt itself, there
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  Speaker 2: is a large asteroid thought to be a remnant core
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  Speaker 2: of a planet that was forming during the early stage
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  Speaker 2: development of the Solar System, about one hundred seventy three
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  Speaker 2: miles across by one hundred forty four miles long, called
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  Speaker 2: sixteen Psyche. This asteroid is believed to contain high deposits
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  Speaker 2: of metals. In twenty twenty three, NASA launched a spacecraft
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  Speaker 2: to observe the asteroid up close. In a fascinating video
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  Speaker 2: from the Jet Propulsion Laboratory that surprisingly has not had
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  Speaker 2: a lot of viewership. The scientists who engineered this mission
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  Speaker 2: show a timeline. The spacecraft will fly by Mars not
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  Speaker 2: until twenty twenty six, and will arrive at the metal
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  Speaker 2: rich asteroid in twenty twenty nine. For two years of observations,
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  Speaker 2: there's no doubt that the evolution and development of a
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  Speaker 2: space economy is well underway. However, if all this sounds
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  Speaker 2: like science fiction and the possibility of mining wealth from
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  Speaker 2: planets and asteroids sounds like a forgotten episode of Star
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  Speaker 2: Trek the Next Generation, I'll agree that the timeline for
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  Speaker 2: tangible applications on Earth does require more clarity. What is clear, however,
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  Speaker 2: is the intent and importance of space, as underscored by
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  Speaker 2: legislation and executive orders signed by President Obama and President Trump.
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  Speaker 2: In twenty fifteen, President Obama signed the Space Resource Exploration
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  Speaker 2: and Utilization Act of twenty fifteen, which directs the President,
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  Speaker 2: acting through appropriate federal agencies, to facilitate the commercial exploration for,
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  Speaker 2: and commercial recovery of space resources by US citizens. It
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  Speaker 2: goes on to say, a US citizen engaged in commercial
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  Speaker 2: recovery of an asteroid resource or a space resource shall
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  Speaker 2: be entitled to any asteroid resource or space resource obtained,
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  Speaker 2: including to possess, own, transport, use, and sell it according
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  Speaker 2: to applicable law, including US international obligations. And executive order
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  Speaker 2: signed by President Trump in twenty twenty on encouraging international
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  Speaker 2: support for the recovery and use of space resources said
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  Speaker 2: in part, Americans should have the right to engage in
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  Speaker 2: commercial exploration, recovery, and use of recaps sources in outer
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  Speaker 2: space consistent with applicable law. Outer space is a legally
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  Speaker 2: and physically unique domain of human activity, and the United
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  Speaker 2: States does not view it as a global commons. Accordingly,
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  Speaker 2: it shall be the policy of the United States to
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  Speaker 2: encourage international support for the public and private recovery and
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  Speaker 2: use of resources in outer space consistent with applicable law.
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  Speaker 2: Needless to say, there are numerous videos, articles, and speculations
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  Speaker 2: about how much metal is contained on the asteroid sixteen
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  Speaker 2: Psyche and how wealthy it could potentially make the inhabitants
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  Speaker 2: of Earth. While conveniently omitting all the work, time, and
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  Speaker 2: innovation required to even scratch the surface of what may
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  Speaker 2: someday be a space based economy. You can easily do
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  Speaker 2: your own research and will readily find rapidly emerging cottage
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  Speaker 2: industry of venture capital funds designated specifically for space, along
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  Speaker 2: with technology companies that focus on specific aspects of space
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  Speaker 2: travel and development of colonies on other worlds. That is
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  Speaker 2: all happening in real time right now and is worthy
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  Speaker 2: of much more discussion than we have time for today.
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  Speaker 2: So let's ask some initial questions about what a sudden
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  Speaker 2: influx of massive quantities of gold, platinum, and other metals
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  Speaker 2: would actually mean. Would an asteroid based gold strike provide
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  Speaker 2: enough physical metal to back the gargantuan quantities of paper
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  Speaker 2: gold and unbacked fee currencies that have been issued. Could
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  Speaker 2: this volume of gold be used to somehow back the
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  Speaker 2: quadrillions of dollars of derivatives that hide backstage and threaten
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  Speaker 2: the totality of the global financial system each day. Is
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  Speaker 2: the mere suggestion of this kind of tangible wealth that
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  Speaker 2: lies just outside our present reach incentive enough for politicians
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  Speaker 2: to push forward and believe they can provide universal basic income,
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  Speaker 2: medicare for all, possibly a new car and home, and
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  Speaker 2: whatever other style of giveaways they can imagine in the
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  Speaker 2: here and now, based on the full faith and confidence
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  Speaker 2: that the resources on those asteroids will be obtained and
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  Speaker 2: utilized by citizens of Earth. What if we are able
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  Speaker 2: to begin retrieving those resources only to find that perhaps
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  Speaker 2: citizens from some other planet or world or dimension have
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  Speaker 2: already staked claim to those very assets. The modern incarnation
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  Speaker 2: of star wars may begin unfolding right before our very
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  Speaker 2: eyes with the militarization of space. Or could the very
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  Speaker 2: existence and possible retrieval of such vast quantities of wealth,
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  Speaker 2: at least by our present standards, be used to create
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  Speaker 2: something I speculated about and discussed it several Gold conferences
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  Speaker 2: in years past, and that is the introduction of what
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  Speaker 2: I call a psychological gold standard. In other words, the
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  Speaker 2: gold is there. Here are the pictures and videos some
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  Speaker 2: samples that have been brought back. We've laid claim to it,
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  Speaker 2: but you can't touch it or possess it. Nevertheless, everything
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  Speaker 2: you do in the here and now will be backed
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  Speaker 2: by this future gold. Maybe this becomes the new definition
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  Speaker 2: of deep storage gold. As that definition morphs into what
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  Speaker 2: will be known as off world gold, there are many
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  Speaker 2: more questions to discuss on this highly speculative subject. With
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  Speaker 2: the advent of the Space Force and planned trips to
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  Speaker 2: the Moon and Mars, the integration of finance and space
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  Speaker 2: has already become the new frontier in the meantime, until
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  Speaker 2: such speculation crystallizes when it comes to things like gold
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  Speaker 2: and silver as a store of value, I personally will
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  Speaker 2: adhere to the premise that if you don't hold it,
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  Speaker 2: you don't own it. And until next time. This is
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  Speaker 2: robert Ian. We've conquered change dot com, reminding you to
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