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this post was submitted on 01 Jun 2025
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Futurology
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If the price of gold plunges one day, it should already plunge today. In other words, the probability for success of those mining operations is low.
Why should it already plunge today? The demand/supply is still the same.
But it will not be the same when asteroid mining increases the supply tenfold.
True if used in production. But it's used to store value. If I know gold will be worth 50% next year, I am not willing to pay full price today if I want to resell it then.