A Canadian miner says the next gold rush will be in space, predicting the world’s future mining titans will need to lift off and explore far from Earth if they want to stay on top of their game.
Scott Moore, the CEO of Toronto-based EuroSun mining, predicts the space race will turn to gold in the future.
“The ‘Titans of Gold’ now control hundreds of the best-producing properties around the world, but the 4-5 million ounces of gold they bring to the market every year pales in comparison to the conquests available in space,” Mr Moore told OilPrice.com.
One giant asteroid in particular would likely kick off the race for space miners and it threatens to throw the gold industry into chaos.
A metallic orb 16 Psyche is one of the biggest asteroids in the solar system and is said to be worth hundreds of quintillions in precious heavy metals.
It’s reported 16 Psyche has enough gold, iron and nickel to make every person on the planet a billionaire.