Youtor
16 psyche asteroid A Billionaires Secret
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=l3PoHlzqlJg
16 psyche is an asteroid that will not collide with earth but it will change our economy forever. Psyche is a giant metal-rich asteroid, about the size of a small country. Psyche orbits the Sun between Mars and Jupiter at a distance of 378 million to 497 million kilometres from the Sun. Psyche takes about five Earth years to complete one orbit of the Sun, but it takes just over four hours to rotate once on its axis (a Psyche day) • 16 Psyche does not worth $10,000 quadrillion because of The law of supply and demand. There is an inverse relationship between the supply and prices of goods when demand is unchanged. If there is an increase in supply for goods while demand remains the same, prices will fall to a lower equilibrium price. For perspective, If we have more gold then the iron price of gold will be lower than iron. • According to UNCTAD's State of Commodity Dependence 2021 report economy of 101 countries depends on Commodities. As asteroid mining industries, the well-grooved price of commodities tends to fall and jeopardise those economies. When other investments seem too risky, gold always looks like a good hedge. Even after the end of the gold standard world economy is interlocked with gold in many ways. Gold Reserves is used to hedge against inflation or during crises gold reserves are used to take international loans. As asteroids like 16 Psyche believed to have abondance of gold prominence of the gold reserve will be lost. • Asteroid mining has a significantly low carbon footprint compared to Earth-based mining. As the price of rare metals decreases they could be used to their full potential hence increasing productivity. For example, Gold is said to be one of the best conductors of electricity. Unlike other metals, gold does not tarnish easily when we expose it to air. As raw materials will be relatively cheap and unlimited potential to economic prosperity is huge. Bringing rare metals to Earth might not affect as you expect but it will boost the world economy. • • 00:00 Intro • 00:08 What is 16 psyche? • 00:32 Does the 16 Psyche worth $10,000 quadrillion? • 01:04 How 16 Psyche will affect our economy? • 02:01 Advantages of asteroid mining • 02:43 Conclusion • Music by Yuzzy: • https://bit.ly/2nUbGqD • #16psyche #astroid #Astroide mineing #space
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