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Atleast we will all have gold Corollas
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If the asteroid hits earth atleast we’d all be dead, that’d be nice
Everyone will be a billionaire and a single McD’s will cost in billions
Is supply and demand a joke to these people?
Who the fuck wants paper cash in this scenario?
Just give me a chunk of fresh-off-the-roid bullion
I would love for the gold market to crash gold has many useful properties in industrial applications which would be interesting to explore sadly they are costly
It won’t cause inflation you regard. It will make gold worthless and at the same time usher a revolution in industrial use of it including in electronics. Products and processes where gold would be the best choice but at the moment not the most cost efficient one will drastically change.
This is bound to happen at some point in future to most precious metals as asteroid mining becomes a reality.
If everyone is a billionaire then no one is rich.
If there is a lot of gold then it will just tank value..
I laughed out loud at this. Thank you lol
A reddit sub would cost about 10 million every 12 months.
I’m reality a handful of people will be limitless wealthy and crash the entire economy creating a singular world order where they are the masters of humanities fate
im reminded of this episode of duck tales.
https://www.youtube.com/watch?v=t_LWQQrpSc4
Like in Germany a hundred years ago, where also everyone was a billionaire
Didn’t they make a movie about this?… “Don’t look up”
Probably the Feds: let’s print shitloads of money to make everyone on Earth a billionaire.
Probably everyone: lolz!
Also the feds: Am I a joke to you?
Economics 101 entered the chat
It’s funny, if humanity ever did mine asteroids. It would be a fundamental shift on how we perceive material items as rare. Gold would be used for house electrical wiring.
The question will be if the cabal will allow it to happen since they have been holding their gold in vaults in a misconception that it’s rare in the universe.
Ironically basic table sugar is less common than any element on a solar system scale.
“Everyone” being a handful of already billionair families who claim the gold for themselfes. But that’s ok, because it will eventually trickle down.
Here’s what will happen, assuming the asteroid lands somewhere that doesn’t end up killing everyone:
Armed corporate mercenaries will arrive to fend off your average jack trying to carve off pieces to sell.
Helicopters bearing their corporate owners logo will arrive and a men in suits will depart bearing papers that give them ownership rights over the gold asteroid.
The CEO of the company comes out, unzips his pants and rubs his dick all over the outside of the asteroid and defiantly he yells “DIBSIES, YOU FUCKING POOR IDIOTS!”
The DOW goes up 3 points.
Medical care Costs rise.
Not Inflation but Supply and Demand
Nobody understands inflation because people fundamentally don’t understand what money is or why it works. Level one is thinking we can all be “billionaires” and then when you realize that would make billionaire a minimum wage you switch to this asinine gold standard dream that literally solves nothing but definitely makes things worse. Bonus points if you think we should also get the gold to hold in safes.
*Mansa Musa has entered the chat*
What does the gold supply increasing have to do with inflation?
More proof the government wants to control us
Gold is an inflation hedge though. With that much we should be good.
You mean the 1000 people that survive?
Or more likely it’ll make one billionaire a gazillionaire.
Moral of the story ..
You can’t have wealth without poor people
It’s funny racist history already taught us the lesson. Spain imported so much gold and silver from the new world that they actually crashed their own economy and damaged economies across Europe—no one understood what was even happening. “Wait—my silver treasury is worthless now.”
Wouldn’t it just devalue gold?
As if finders keepers does not apply to space objects.
There was an ancient king who was the wealthiest man to ever live, and when he went on a pilgrimage he gave away so much gold that it destroyed the value of it in the regions he traveled for decades.
Supply goes up, demand goes down.
1 person will claim it and hoard it while everyone else suffers. It’s what we do
Whoever wrote that headline should ask for a refund from their university.
It’ll be nice to see gold reserves value decline from every central bank, specially china.
We will be able to replace many wires with gold. Maybe CPU/GPU heatsinks?
Puts on gold
Hahahaha
and govt will let you take that gold
Just decide that there won’t be any inflation? How hard is it
It wouldn’t cause inflation it would just devalue gold by a lot
And an apple will cost 100$.
What’s the point?
I want to be richer than everyone… Or else there’s no point.
Don’t look up !!!!!!!!