#dontlookup

That's no moon.

But think of the gold cable connectors.

Yes, like everyone in Zimbabwe is a billionaire in Zimbabwe dollars.

Gold price would lower until it's the same price as it costs to mine and bring it to earth, if that's at all lower than whatever it's currently.

DON’T LOOK UP!

Yeah like the influx of gold and silver from the Americas shook the European economy in the 17th century:

https://en.wikipedia.org/wiki/Price_revolution

This would be useful for tech reasons I think. Isn't gold a better conductor than copper?

This discovery makes the anunnaki look really stupid.

So they agree the universe has abundant resources and the ultra wealthy on earth are just resource hoarders who don’t want to share those resources which directly causes poverty.

Everyone being a billionaire is the same as no one being a billionaire.

FWIW this isn't true, the $700 quintillion figure was an estimate of the total metal value (most of which would be iron) based on the asteroid being similar in composition to nickel-iron meteorites. As it happens we actually think it's a fair bit rockier than that these days. There'd still be vast amounts of metal there but less than initially thought and it would be harder to mine and process with the extra rock.

Also the estimate was just multiplying the mass of each metal by its current market price, which isn't how any of this works anyway.

De Beers has entered the chat

Making everyone on earth richer is how it's supposed to work. Not like millionaires, more in the sense that gold is a resource that requires us to ration it in a sense, and we would be able to use the cheaper gold to make all lives better.

That an influx of gold wouldn't do this is an indictment on our economic system.