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RE: Trading Silver and Gold back into Crypto

in #steemsilvergold6 years ago

Precious metals like gold and silver will never lose their values. As the global financial system continues to decline, the adoption of cryptos will only gain more momentum.

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Unless we are going start calling it “earth gold” and hold it higher standard than asteroid mined gold. For a while the price point of gold should keep it safe from it being worthwhile to spend the necessary resources to start capturing and brining it in elsewhere. There are a number of growing companies some back by billionaires that want get into the next gold rush of asteroid mining. At the very least it would be far more economical to mine, and manufacture satieties, and stations, and other off planet projects in space.

Eventually it will be high enough for people to search out and further developed asteroid mining technologies to go after gold and silver. I have not check in for a while in how things are progressing on this front.

I still remain optimistic that some future technology will require massive amounts of Gold or Silver.
Like the "Warp Drive" requires 10tons pure gold to work!

So, yeah. Asteroid mining will not only become a lucrative business but also a necessary one to keep the supply up. Yeah, I will probably be long dead before all that happens...

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