This article makes a bold claim, but it’s built on a house of speculative cards. Let me walk you through why gold’s supposed "imminent collapse" is more fantasy than financial prophecy.
First, the asteroid-mining argument. Sure, 16 Psyche is a golden treasure chest in space, but here's the catch: getting the gold back to Earth isn't just "hard"—it’s financially and logistically insane. Space exploration costs, infrastructure limitations, and market dynamics will keep this gold hypothetical for decades. Even if we had the tech tomorrow, flooding the market with asteroid gold would crash its value so much that the ROI would be abysmal. Investors don't want gold; they want scarce gold.
Second, deep-sea and mantle mining. Yes, the oceans and Earth’s mantle hold immense amounts of gold. But these aren’t untapped piggy banks; they’re engineering nightmares. Extracting gold from seawater isn’t some "cheap energy" pipe dream—it’s a perpetual cost problem. Plus, mining Earth's core or mantle would cost trillions before even *breaking ground*. That’s like digging for pennies with a diamond-encrusted shovel.
Now let’s address market fundamentals. Gold’s value isn’t solely tied to its physical scarcity. It’s a hedge against inflation, a psychological safe haven, and a centuries-old cultural and monetary anchor. Even if a tech breakthrough increased supply, the *demand* for gold wouldn't just vanish. It’s not like investors will trade gold bars for ocean water and Bitcoin. The intrinsic and symbolic value of gold runs deeper than its price tag.
Lastly, the timeline here is laughably optimistic. Space mining? Maybe late this century. Seawater extraction? Not until energy costs drop *exponentially*. Mantle mining? Forget it—humanity hasn’t even mastered deep-sea mining yet.
So no, the price of gold isn't "inevitably collapsing." It will fluctuate like any commodity, but these apocalyptic predictions are classic doomsday clickbait. Stick to Earth for your gold insights—literally and figuratively.