Ahhhh yeah, Gold! we crave that shiny good stuff for its scarcity, hot visual appeal, and making us feel fancy when we’re slamming shots of Goldschläger. Gold played a critical role in the advancement of human civilization, and it looks great on most celebrities. From a financial perspective, it’s marketed as a hedge against inflation and as a stable asset during times of crisis. Despite this, the long term financial prospects on gold and other precious metals are looking grim to me. Why might that be?

Asteroid mining!

Asteroids are gigantic mineral mines located all around space. Multiple companies are working hard to figure out how to harvest the near limitless supply of minerals, ice, and precious metals from the cold, immoral, clutches of the Solar System. The asteroid mining company Planetary Resources already has a surveying satellite in space and they’re moving rapidly to expand this technology. Take a look at the current price of diamonds, and then imagine the price when a diamond the size of the United States enters the market.

Earth’s gold and other precious metals aren’t really so precious once we factor in the potential of space mining, which I’m throwing out there as an eventual certainty unless there’s another catastrophic extinction event in the next 20 years. So, what can we turn our attentions to next to get that fix that only owning scarce assets can satisfy?

Enter: Digital Gold

Sending assets through the internet has never been easier!

The urgent and critical issue of future asteroid miners flooding the precious metals market with supply was solved (thankfully) in 2009, with the introduction of the first ever scarce resource of the internet — Bitcoin. It’s an asset like gold, but it travels through the internet without breaking your computer. It’s money, but it isn’t controlled by a single government or organization. It’s a distributed database, and the historical information can never be changed. It’s the first scarce resource born on the internet — only 21 million will ever exist. That’s a whopping .002 Bitcoin per person on the planet today, if it was spread out evenly among the population (.002 Bitcoin is roughly the cost of a bottle of water in 2016 fiat currencies).

The early days of the Bitcoin mining rush are over. Over 75% of all Bitcoins that will ever exist are already in the market. Computer science nerds got to them first, and many of the nerds lost large sums of them, potentially never to be recovered again. If you want to become a miner nowadays, you need super cheap electricity, and specialized computers in order to generate profit.

It’s too bad you didn’t get into Bitcoin in 2009, 2010, 2011, 2012, 2013, 2015, or 2016 (so far) because it was the best performing currency on the market those years. Maybe one of the best (and somehow unknown?) features is that asteroid mining will not have an impact on Bitcoin except to potentially make it more valuable.

It’s definitely not too late to stake your claim on digital gold. The value of Bitcoin and other cryptocurrencies is currently the size of the projected 2025 Waste Management industry in India.

Get some of those scarce internet resources here:

USD Exchanges/Bitcoin banks: https://www.coinbase.com/,https://www.circle.com/en

Euro Exchanges/Bitcoin bank: https://xapo.com/, https://bitonic.nl/en/

Be your own bank: Android — https://wallet.mycelium.com/, iOS-https://breadwallet.com/ , from a computer — https://electrum.org/#home

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