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NASA Plans To Explore A 10 Quintillion Dollar Asteroid That Could Cause The World's Economy To Collapse

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Source : http://www.cbsnews.com/news/nasa-mission-16-psyche-asteroid-metals-worth-ten-thousand-quadrillion-dollars/

 

TL;DR

 

NASA Plans To Explore A 10 Quintillion Dollar Asteroid That Could Cause The World's Economy To Collapse

16 Psyche is a huge chunk of metal, made up of iron, nickel and precious metals

On Earth, the iron would be worth £8,072 quadrillion ($10,000 quadrillion)

Nasa plans to visit the asteroid in 2023 but does not plan to bring it back to Earth

If it did, its value would play havoc with commodity prices and destroy the world's economy

 

Image result for 16 psyche

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I mean they could just pull it into orbit and slowly mine it out, giving more metals and such over a much longer period of time whilst keeping it secret, therefore the economy wouldn't die. But hey, what do I know as a 16 yr old? xD

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Lol, if nasa won't do it someone else will!

It's just a matter of time before we are just casually mining from space, no big deal.

 

Even if it's worth a buttload, where is NASA going to put it?

I mean it looks so massive on the toddler drawn diagram it's not exactly something you can put in your garden...

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I bet they(the us govrnment) would demand they bring it to earth(or atleast "conquer"it) if it was filled with oil

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12 minutes ago, TheRandomness said:

I mean they could just pull it into orbit and slowly mine it out, giving more metals and such over a much longer period of time whilst keeping it secret, therefore the economy wouldn't die. But hey, what do I know as a 16 yr old? xD

You have too much savvy. We can't listen to someone with common sense that would be too clever.

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would be nice if you used the metal to make an assembly hall in orbit instead of bringing it back to earth, basically free iron for the building lol. would be costly in terms of lauches for personal and food but in the end IMO compleatly worth it seeing as after that space missions will be much more doable. if you can make the rocket in space it dosent have to overcome the gravity of the earth as its already in orbit, saveing the enviroment and a lot of fuel costs. NASA wants to make a platform to lauch from at the lagrange point behind the moon to launch towards Mars so this could be used for that too. space iron = $0 + shipping basically

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13 minutes ago, Curious Pineapple said:

They should keep it for themselves and use it to build spacecraft in space, rather than launching them. Doesn't matter how heavy it is if it's built in space :)

they should use it to make facileties to build rockets in space instead of using the iron to make the rockets themselves. way better investment for the future and iron dosent make for the best radiation sheilds nor spacecraft hull either unless in aloy with sevral other elements

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4 minutes ago, Misanthrope said:

What if the Russians bring it back to earth though? 

They will hack into the astroid and blow up nasa

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The value of an asteroid is that it is in space already.  Large amounts of any material - even things that on earth are common, like water and iron - are incredibly valuable in space simply by nature of not needing to be launched into orbit - an expensive process.

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How is having better access to commodities and materiel actually lethal for the economy? Is our system that fragile? Am I missing something?

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18 minutes ago, kuddlesworth9419 said:

You have too much savvy. We can't listen to someone with common sense that would be too clever.

Common sense should be called uncommon sense or something similar...

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It wouldn't crash the world's ecnonomy.. Because it would cost too much to even get it onto Earth, hell they wouldn't be able to move it very easily. This is something that you use for a temp shipyard (once we get that advanced). Building ships in space, rather than on the surface of Earth. 

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And here I was thinking the U.S.'s debt was a lot...

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2 minutes ago, Wolther said:

It wouldn't crash the world's ecnonomy.. Because it would cost too much to even get it onto Earth, hell they wouldn't be able to move it very easily. This is something that you use for a temp shipyard (once we get that advanced). Building ships in space, rather than on the surface of Earth. 

I fully support orbital mining of this thing. But it would be so cool if we brought all the iron from outside earth that way we don't have to keep fuckin with earth's crust and the bioshere.

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17 minutes ago, Energycore said:

How is having better access to commodities and materiel actually lethal for the economy? Is our system that fragile? Am I missing something?

It's not.  Its just alarmist trying to drum up volatility.  As if it would be an inexpensive process to:

go to space, mine and bring back raw materials.  The cheapest way would be to crash the asteroid into the earth.  But as one could imagine people aren't about to let that happen.

 

Ryan is right.  It's most valuable up where it is in order to be used in projects in space.  Not that we've the slightest idea about how to actually go about doing that.  But shuttling materials around back and forth from space to earth, and back to space; is an astronomical amount of money.

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1 minute ago, MoonSpot said:

It's not.  Its just alarmist trying to drum up volatility.  As if it would be an inexpensive process to:

go to space, mine and bring back raw materials.  The cheapest way would be to crash the asteroid into the earth.  But as one could imagine people aren't about to let that happen.

 

Ryan is right.  It's most valuable up where it is in order to be used in projects in space.  Not that we've the slightest idea about how to actually go about doing that.  But shuttling materials around back and forth from space to earth, and back to space; is an astronomical amount of money.

So then I'm glad I didn't click the source's clickbait xD

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2 minutes ago, Energycore said:

So then I'm glad I didn't click the source's clickbait xD

Eh. Any title with the words "could cause" is automatically a click bait for me. Anything COULD happen, but will it happen? No most likely not 

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Correct me if I am wrong but if we mined this metal from the asteroid wouldn't the expenses be huge to get the equipment into space and bring the resources back while also counting in the price of the mission.... which means that it wouldn't really affect the economy much right now at least but in the long run as the technology and mining would get cheaper over time.

 

Sure, if we got all of that metal on Earth in one day the economy would collapse but we would have to crash that asteroid there to achieve it so quickly si Earth would collapse as well :D

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That is stupid. Why would they give use a dollar value instead of size weight and so on. Value is a meaningless way to measure things in the universe.

ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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6 minutes ago, WereCat said:

Correct me if I am wrong but if we mined this metal from the asteroid wouldn't the expenses be huge to get the equipment into space and bring the resources back while also counting in the price of the mission.... which means that it wouldn't really affect the economy much right now at least but in the long run as the technology and mining would get cheaper over time.

Your not wrong. We can barely even get the energy to bring food, water and shelter to mars. Nevermind thousands of tonnes of iron. It's just not gonna happen, atleast anytime soon. Besides by the time that happens then there will be mining companies working in space. So will the economy crash if it adapts over time? No it won't 

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