X-Message-Number: 27518
From: "Bryan Hall" <>
Subject: Re: Publicity breakthrough in Wall Street Journal!
Date: Mon, 23 Jan 2006 23:02:43 -0800

Basie wrote:
"I think it is better to hide gold coins in a national park."

This probably is a bad idea. There are enormous amounts of gold, and similar 
metals in asteroids. Asteroid mining will probably be viable prior to the 
reanimation of today's cryonics patients. The large quantities of gold mined 
will likely cause a dramatic decrease in the price of gold - especially when 
ultra-advanced (and presumably ultra low cost) mining technologies are 
developed. How much do you think your buried treasure chest will be worth in 

"In the 2,900 cubic kms of Eros, there is more aluminium, gold, silver, zinc 
and other base and precious metals than have ever been excavated in history 
or indeed, could ever be excavated from the upper layers of the Earth's 
crust. That is just in one asteroid and not a very large one at that. There 
are thousands of asteroids out there. How much is Eros worth? Today's 
trading price for gold is about $250 per ounce or about $9m per tonne. It 
means the value of the gold in asteroid Eros is about $1,000bn. That is just 
the gold. Platinum is even more expensive, $350 per oz. Work it out 
yourself. Since it contains a lot of rare elements and metals that are of 
use in the semiconductor industry for example, at today's prices Eros is 
worth more than $20,000bn.
...such a dramatic influx of metals to Earth could crash the global market 
for such commodities."

--Bryan Hall 

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