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Title : Will Mining Gilt On The Luna Hold Upwards The Same Affair Equally Quantitative Easing?
link : Will Mining Gilt On The Luna Hold Upwards The Same Affair Equally Quantitative Easing?

Will Mining Gilt On The Luna Hold Upwards The Same Affair Equally Quantitative Easing?

K emails:

Thoughts on this Billionaire closer to mining the Luna for trillions of dollars inwards riches ?  Would this endure similar "QE for precious metals", so making them less scarce as well as so (potentially) no longer suitable equally a shop of value?  Let's likewise reckon the possibility that it isn't express to i billionaire existence able to mine the planets for riches.  What if applied scientific discipline allows several billionaires to create so?  Would that endure a "game changer" for what nosotros currently mean value of equally audio money?

RW response:

 Mining gilded on the Luna as well as bringing it dorsum to footing would non be exactly similar Quantitative Easing. With QE, the Fed mostly directs funds to the banking sector, causing the boom-bust cycle. Luna gilded would endure position into the gilded marketplace yesteryear the billionaire miners. It, thus, would non create goodness banks conduct just the sectors where the Luna gilded miners would pass the coin that they would larn from selling the gold.

This, of course, would position meaning downward pressure level on gilded prices if at that spot was plenty gilded mined as well as position on the gilded market. That said, equally the article points out, the projection would require, at a minimum a vehilce that would brand a soft landing on the moon, locomote 500 meters across its surface, as well as transmit high-definition video as well as images dorsum to Earth.

In addition, it would select to mine the gilded as well as send it dorsum to earth. This does non strike me equally a projection that volition endure finished yesteryear the terminate of this week. 

However, if the Luna does seek to endure a harsh mistress (apologies to Robert Heinlein), as well as dumps tons of gilded on us earthlings, it is possible that markets would movement away from gilded as well as adopt something else equally a full general medium of exchange.

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