NASA Fears That The So-Called Golden Asteroid Mining Could Cripple World’s Economy

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The US space agency, NASA, will be visiting a rather particular golden asteroid for asteroid mining operations. One with the potential to thoroughly wash away the world’s economy. Italian astronomers Annibale de Gasparis first spotted the asteroid in 1852, and it was designated as Psyche 16. Scientists believe the asteroid was formed during the violent collision that occurred during the early solar system.

The golden asteroid’s current location is between Mars and Jupiter. The worth of the metals on this space rock cannot be accurately appraised, but it is believed to be in the quadrillion dollar range; meaning 18 zeros. The asteroid is made out of gold, platinum, iron, and nickel, metals which have the power to destroy the world’s economy, estimated to be at around $60 trillion.

EuroSun Mining boss, an asteroid mining company, Scott Moore, has been active in speaking out on the harmful effects of asteroid mining. He says: “The ‘Titans of Gold’ now control hundreds of the best-producing properties around the world. But the 4-5 million ounces of gold they bring to the market every year pales in comparison to the conquests available in space.”

NASA Fears That The So-Called Golden Asteroid Mining Could Cripple World’s Economy

NASA still wants to go to this golden asteroid. Their first recon probe will reach Psyche 16 in 2022, followed by a possible landing probe in 2026. However, there is no asteroid mining mission scheduled as of yet.

Asteroid mining is an excellent way to replenish reserves on Earth. Some scientists say that mining in space could also have the opportunity to detect aliens as they would probably be interested in doing the same. Or at least uncover previously mined sites. Moore is not against space mining, however.

Moore goes on to say that space exploration, in search of gold and other precious materials, could be extremely beneficial. That is if the appropriate infrastructure can be put into place to handle such wealth. China, the US, and even Europe have confirmed they desire to be among the first to invest and succeed at asteroid mining.

Tiesha loves to share her passion for everything that’s beautiful in this world. Apart from writing on her beauty blog and running her own beauty channel on Youtube, she also enjoys traveling and photography. Tiesha covers various stories on the website.