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RT’s Boom Bust asks if mining the ‘quadrillion-dollar’ golden asteroid will make everyone on Earth a billionaire

13 Aug, 2021 09:00

RT’s Boom Bust asks if mining the ‘quadrillion-dollar’ golden asteroid will make everyone on Earth a billionaire

Illustration shows a giant asteroid collision between Mars and Jupiter that occurred 466 million years ago and produced the dust that led to an ice age on Earth. Don Davis/Southwest Research Institute/Handout © Reuters

NASA is planning a mission to explore asteroid Psyche 16, located between the orbits of Mars and Jupiter, which is supposed to contain massive amounts of precious metals.

The so-called ‘quadrillion-dollar’ asteroid reportedly has so much gold and other precious metals, that mining it could make everyone on Earth a billionaire. However, it could also make precious metals worthless, leading to a possible collapse of the global economy.

For more stories on economy & finance visit RT’s business section

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