RE: RE: How should one distribute a $1 trillion dollar treasure?
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RE: How should one distribute a $1 trillion dollar treasure?

RE: How should one distribute a $1 trillion dollar treasure?

Hey Fuzzy, very nice question indeed.

Firstly, let's calculate the percentage this asteroid represents in Gold on Earth.

1 Kg of gold is worth $40712.49 at today's valuation.

1 trillion / $40712.49 = 24 562 486 kg of gold

This asteroid would introduce 24 562 486 Kg of Gold which is basically 24562.486 Tonnes.

There is rougly 170,000 tonnes of Gold on Earth.

(170 000 / 24562.486) * 100 = 6%

This asteroid would increase the supply by 6%.

Selling everything at once would dramastically increase the supply of gold and therefore dramastically reduce the price of this asteroid in gold. As we all know, scarcity is what drives value. In 2015, The supply of USD increased by 4% in 2014 in one year.
You all known the law of supply and demand 😊 : Distributing this gold to everyone would at the same time reduce the demand for Gold but also increase the supply also killing the Gold price.

In either cases, selling it as gold is going to dramastically dump the gold price .. so what not try to sell it as something else? Something that only this asteroid has?
Selling it as Asteroid Gold 😊

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