/biz/ - Business & Finance

>>50164664
Jews

the global financial system settles in us dollars, that's why

>>50164664
Is it due to third world countries going to shit so their governments buy USD en mass?

>>50164727
what about the EU then?

>>50164664
The industrial demand isn't enough to maintain current prices and younger generations aren't buying boomer's bags. It's really that simple. Literally every billionaire talks shit about PMs, it's not considering cool anymore for storing wealth or speculation.

>>50164664
She’s really beastly looking lately

Some burgers hate the joos, but with the amount of manipulations that the joos do to keep the usd on top, every burger should worship them.

Sure, they killed PMs and crypto, but it was to protect the usd.

bros why is the USD so strong right now when theyve been printing more than anyone?

>>50164758
why does that nigga have zoomer hair

>>50164664
You live in the presence
Markets not
A recession gets priced in
You think dollar is just paper
But it’s the main export of the US.
You think the dollar is backed by nothing
But it is: a dozen carriers and a million pair of boots.
Time to leave the retail narratives.

Dollar will die. It not yet

>>50164740
Would you really consider the EU to be anything besides a series of third world countries?

>>50164954
>Would you really consider the EU to be anything besides a series of third world countries?
Guess you're right

>>50164863
we are entering/have entered a global recession
US has raised rates
all financial assets will lose some value
USD will lose least value
so everyone is buying USD and holding it

welcome to an actual recession
Cash is king

>>50164664
Trust gold and silver, it's the only real money the world has ever used.

>>50164664
Precious metals are infinite.

>>50165225
So are the electricity and the raw materials for components required to manufacture PoW miners. The value of precious metals is more tied directly to the work and effort required to mine it and refine it than it is to the actual material itself. Gold is a physical embodiment of work just like bitcoin is a digital embodiment of work.

"BuT YoU CaN mInE aStErOiDs FoR iNfInItE MoNeY" is a retarded argument.

>>50164664
Alexa, what is "legal tender'?

>>50166981
Well... one day in the near future it will be piss easy to do so.

If we can figure how to automate the process, and create rudimentary reentry vehicles in space, its just a matter of getting them down to earth to harvest payload.

>>50165045
Why do they do it

>>50167725
>Well... one day in the near future it will be piss easy to do so
that's awfully optimistic of you. stop drinking musk's koolaid, buddy.

>>50168005
How much can Starship bring back to Earth?

100 metric tons

Both can land back on Earth so they can be reused, reducing costs. The entire vehicle will be capable of lifting 100 metric tons (220,000 pounds) of cargo and people into space on regular low-cost missions.

>You best start believing in the dawn of the space age Mr.Turner, youre in one.

>>50167725
It might become easy to do so in the near future but that doesn't mean it will be financially viable in the near future.

Starships aren't exactly cheap to build and renting one wouldn't be cheap either. Not to mention these missions to the asteroid belt and back would most likely take years to complete.

Just because rocketry will become cheaper doesn't mean asteroid mining will become cheaper than just dredging it up from the earth. Most likely asteroid mining at any large scale will not involve gold but other rarer elements which are not so commonly found on Earth. We have plenty of production of gold to meet demand on earth but things like osmium have demand but next to no earthly production.

>>50168740
Starships are cheap to build comparatively. Less than a billion per ship. And they are reusable.

>>50168131
Kek
>can’t afford to mine gold on earth
>so we’ll do it in space
Stop watching sci-fi

>>50168828
I believe a still more glorious dawn await. Not a sunrise but a galaxy rise, the dawning of the milkyway... woop ahh ahh

>>50165225
There's also 1000x more gold in earths core than that, and? Not everything that you know about can be mined, or even be worth it, maybe ever. What's the point of mining a 26 quadrillion (insert currency) of gold from an asteroid, if doing it costs 26.000 quadrillion (insert currency)??

>>50164664
Stop hurting yourself bro. Nofap works.

>>50167725
You don't understand the size of the solar system, costs and difficulty if you think in the near future (next 200 years) we'll start mining anything in space lol.

>>50168828
Yea, we'll do it in space where costs, even hundreds of years from now, will be thousands of times more expensive than the price of the metals themselves. Space mining is brainlet garbage, similar to flat earth theory. "Oh we just go and grab an asteroid and pull it to earth". "Huh, what do you mean taking into account orbiting laws? We just push it towards earth duh! CHEAP!" Kek.

>>50168983
I dont know of any projects near completion that have set sights on core drilling.

>>50169076
100 years ago we could barely get 500lbs into the clouds, 50 years ago we were on the moon, and you think itll take 200 years before we can launch a drone ship, drill some ore and land it back on earth for a profit?

>>50168810
I'm quite certain a standard gold mine on earth is also less than a billion dollars to build. You won't get 100 metric tons of gold from it but neither will your starship. A starship can bring back 100 metric tons of rock but the actual payload which mines it from an asteroid will take up a substantial amount of that either through weight or through volume.

You would also have to spend billions on engineering that payload. Doing anything in space is different than on earth and last I checked we have zero experience mining an asteroid autonomously or through remote guidance.

In reality would most likely would even be impossible to mine anything in a single trip and multiple starships would be required to deliver the tooling and infrastructure for a mining operation.

>>50168983
Extracting gold from the Earth's core would be MANY orders of magnitude more difficult than extracting it from asteroids.

>>50169076
We 100% will be mining things from space within the next 200 years. I don't think you understand the rate of advancement which reusable rocketry has brought to the aerospace industry. We will most likely have affordable orbital travel within 3 decades. "Affordable" is subjective though. It might cost you 300k for a round trip to a space station and back but that is pretty damn affordable compared to things right now.

>>50169144
Just as the other poster is underestimating the ease of offworld mining you are overestimating it.

>>50164664
Guess where all the europoors are doing? Dollars

>>50169246
I imagine the refining process can be done in space, orbiting mirror satillites around the moon to melt down the materials into transportable slag.

>>50169276
Well I'm no metallurgist or rocket scientist but if you have 100 metric tons of rock on a reusable rocket I imagine just spending the extra delta V to take your space rocks to Earth's surface for processing would be way more efficient than spending tens of billions of dollars engineering the technology and building out the infrastructure to process ores in orbit of another world.

What you are talking about there is probably 200 years away.

>>50164664
they can print infinite paper PMs.

>>50169469
Launch and Rentry is hands down the most cost prohibitive portion of this operation.

>>50169250
as a europoor, i can tell you that i am staying the fuck away from dollars. i've invested in the mountain jew. i have exactly zero trust in the dollar beyond a fed pivot, after which there may still be plenty of pain to come from the lagging effects of demand destruction.

>>50169469
Were talking industrialization of space.

The early gold rush was individuals looking for personal gain, they built the roads, and towns along the way.

For space we have to skip that step.

>>50169563
Yes but not nearly as cost prohibitive as building orbital processing infrastructure in lunar orbit. Spending a bunch of money on methalox would still be cost preferable to all of that. Atleast until asteroid mining becomes popular enough for it to have a need to scale up and that could be a very long time into the future. Not at all within our natural lifetimes I reckon.

>>50164758
Underrated. It really is as simple as "People don't want it anymore"

>>50169666
No probably not satan... probably not. I recon the processing would be done on the moon however. To heat the ore would require a novel type of induction, microwave or magnetic furnace powered by sealed nuclear reactors.

Youd need the energy for Hydrazine production as well. Ice from astroid can be converted.

>muh asteroid mining
Kys rebbitor

>>50167909
Read the talmud and the Bible, you will understand. We are in the endgame.

>>50164664
Thats not cum

>>50165225
Go get them then faggot

>>50168810
>starships
you mean spaceships?
fuck off with this gay elon speak

>>50168131
>100 metric tons
Now do the calculation of the damage this will cause when the chute fails and that 100 tons smashes into the landing site at 6 gorillian miles per hour

>>50170914
Starship doesnt use landing chutes dummy.

>>50170905
The vehicle is literally called starship dipshi... troll?

>lotion
Amerimutt moment