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