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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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On March twenty third of twenty twenty five, a BBC

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article entitled are we on the verge of mining metals

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from asteroids above Earth? Both caught my attention and reminded

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me of a previous discussion I engaged in a half

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dozen years ago on this very topic. There's a lot

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to unpack here, so for the purpose of this discussion,

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I'll tap just the highlights and preface this intriguing topic

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by saying that, when successfully brought to fruition, the ability

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to mine asteroids, the Moon, Mars and other locations in

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space will not only change, but potentially rewrite the underpinnings

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of our economy of money, debt, and the entire production, manufacturing,

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and supply chain paradigms we currently operate under today. Not

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to mention mining as we currently know it, and even

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the use of precious metals like gold and silver as

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a store of value. I will say the BBC article

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is quite thought provoking and covers a wide range of

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current initiatives, so it's definitely worth reading. Unbeknownst to most,

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numerous technolology startups and other initiatives are well underway to

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develop new technologies and processes for mining near Earth asteroids

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for what are considered valuable concentrated metals like platinum, which

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are needed for fuel cell and renewable energy technologies. There

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are numerous rare earth metals as well as helium three

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for nuclear fusion, all of which are critical resources for

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a variety of use cases. At the time of the

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article's publication, another metal, rodium, was valued at approximately one

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hundred eighty three thousand dollars for just one kilogram, So

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it was speculated that sampling such metals from asteroids could

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prove lucrative in the future. But just exactly when is

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that future? What is the time timeline? It appears to

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be very early in the process. Materials have already been

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sampled directly from asteroids by state agencies Japan. Did it

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in twenty fourteen, NASA did it in twenty twenty. Experts

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argue both ends of the timeline continuum. Some have suggested

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actual asteroid mining is still thirty years away, while others

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have said private asteroid mining will happen much sooner than

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people predict. The Earth, of course, is still very rich

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in resources, including those rarely discussed at the bottom of

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the sea, but in all fairness, we've essentially regulated ourselves

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into oblivion in terms of accessing many of these Earth

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based resources. What is a bit confounding, though, are the

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seemingly mixed messages circulating about space in general. Not a

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discussion about asteroid mining. But in March of twenty twenty five,

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a podcast with Ted cruz Elon Musk was the guest

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and was asked point blank what year does the first

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human step foot on Mars. His answer was shocking. He

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said twenty twenty nine at the earliest, and no later

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than two to four years after that. In other words,

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four to eight years from now the first humans will

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go to Mars. Now, either there's technology available that hasn't

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been fully unpackaged yet to the general public, or those

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comments are a bit on the ambitious side. Let's go

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back to asteroid mining. In the Asteroid Belt itself, there

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is a large asteroid thought to be a remnant core

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of a planet that was forming during the early stage

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development of the Solar System, about one hundred seventy three

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miles across by one hundred forty four miles long, called

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sixteen Psyche. This asteroid is believed to contain high deposits

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of metals. In twenty twenty three, NASA launched a spacecraft

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to observe the asteroid up close. In a fascinating video

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from the Jet Propulsion Laboratory that surprisingly has not had

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a lot of viewership. The scientists who engineered this mission

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show a timeline. The spacecraft will fly by Mars not

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until twenty twenty six, and will arrive at the metal

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rich asteroid in twenty twenty nine. For two years of observations,

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there's no doubt that the evolution and development of a

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space economy is well underway. However, if all this sounds

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like science fiction and the possibility of mining wealth from

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planets and asteroids sounds like a forgotten episode of Star

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Trek the Next Generation, I'll agree that the timeline for

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tangible applications on Earth does require more clarity. What is clear, however,

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is the intent and importance of space, as underscored by

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legislation and executive orders signed by President Obama and President Trump.

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In twenty fifteen, President Obama signed the Space Resource Exploration

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and Utilization Act of twenty fifteen, which directs the President,

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acting through appropriate federal agencies, to facilitate the commercial exploration for,

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and commercial recovery of space resources by US citizens. It

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goes on to say, a US citizen engaged in commercial

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recovery of an asteroid resource or a space resource shall

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be entitled to any asteroid resource or space resource obtained,

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including to possess, own, transport, use, and sell it according

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to applicable law, including US international obligations. And executive order

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signed by President Trump in twenty twenty on encouraging international

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support for the recovery and use of space resources said

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in part, Americans should have the right to engage in

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commercial exploration, recovery, and use of recaps sources in outer

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space consistent with applicable law. Outer space is a legally

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and physically unique domain of human activity, and the United

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States does not view it as a global commons. Accordingly,

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it shall be the policy of the United States to

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encourage international support for the public and private recovery and

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use of resources in outer space consistent with applicable law.

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Needless to say, there are numerous videos, articles, and speculations

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about how much metal is contained on the asteroid sixteen

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Psyche and how wealthy it could potentially make the inhabitants

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of Earth. While conveniently omitting all the work, time, and

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innovation required to even scratch the surface of what may

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someday be a space based economy. You can easily do

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your own research and will readily find rapidly emerging cottage

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industry of venture capital funds designated specifically for space, along

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with technology companies that focus on specific aspects of space

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travel and development of colonies on other worlds. That is

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all happening in real time right now and is worthy

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of much more discussion than we have time for today.

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So let's ask some initial questions about what a sudden

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influx of massive quantities of gold, platinum, and other metals

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would actually mean. Would an asteroid based gold strike provide

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enough physical metal to back the gargantuan quantities of paper

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gold and unbacked fee currencies that have been issued. Could

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this volume of gold be used to somehow back the

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quadrillions of dollars of derivatives that hide backstage and threaten

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the totality of the global financial system each day. Is

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the mere suggestion of this kind of tangible wealth that

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lies just outside our present reach incentive enough for politicians

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to push forward and believe they can provide universal basic income,

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medicare for all, possibly a new car and home, and

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whatever other style of giveaways they can imagine in the

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here and now, based on the full faith and confidence

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that the resources on those asteroids will be obtained and

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utilized by citizens of Earth. What if we are able

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to begin retrieving those resources only to find that perhaps

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citizens from some other planet or world or dimension have

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already staked claim to those very assets. The modern incarnation

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of star wars may begin unfolding right before our very

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eyes with the militarization of space. Or could the very

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existence and possible retrieval of such vast quantities of wealth,

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at least by our present standards, be used to create

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something I speculated about and discussed it several Gold conferences

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in years past, and that is the introduction of what

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I call a psychological gold standard. In other words, the

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gold is there. Here are the pictures and videos some

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samples that have been brought back. We've laid claim to it,

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but you can't touch it or possess it. Nevertheless, everything

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you do in the here and now will be backed

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by this future gold. Maybe this becomes the new definition

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of deep storage gold. As that definition morphs into what

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will be known as off world gold, there are many

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more questions to discuss on this highly speculative subject. With

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the advent of the Space Force and planned trips to

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the Moon and Mars, the integration of finance and space

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has already become the new frontier in the meantime, until

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such speculation crystallizes when it comes to things like gold

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and silver as a store of value, I personally will

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adhere to the premise that if you don't hold it,

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you don't own it. And until next time. This is

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robert Ian. We've conquered change dot com, reminding you to

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sign up for my free email newsletter and receive a

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free copy of my book, How to Identify, Master and

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Conquer Change. Thanks Carrie, thanks for listening to carry Letz's

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Financial Survival Network.

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Speaker 1: Your solution to today's trying times for the latest go

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to Financial Survivalnetwork dot com. Financial Survival Network now more

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than ever,