Saturday, 08 April 2017 14:49

Goldman Sachs says mining platinum from asteroids is a ‘realistic’ way for bankers to earn BILLIONS

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Just one small space rock could earn cosmic miners a whopping £40 billion if they can figure out how to bring it back to Earth

THE global investment bank Goldman Sachs has claimed mining asteroids for precious metals is a “realistic” goal.

It has released a report exploring the possibility of using an “asteroid-grabbing spacecraft” to extract platinum from space rocks.

Space rocks could contain vast amounts of valuable metals

NASA launches space missions to Jupiter's 'trojans' and METAL asteroid

"While the psychological barrier to mining asteroids is high, the actual financial and technological barriers are far lower," the report said, according to Business Insider.

"Prospecting probes can likely be built for tens of millions of dollars each and Caltech has suggested an asteroid-grabbing spacecraft could cost $2.6bn."

The bank added: "Space mining could be more realistic than perceived."

It is believed an asteroid the size of a football field could be worth up to £40 billion.

However, bringing that much platinum back to Earth is likely to crash the precious metal market - and probably the rest of the economy with it.

Earlier this year, NASA said it was planning a mission to an asteroid so valuable it could cause the world's economy to collapse.

It is called 16 Psyche and is a massive hunk of the iron and nickel.

The mysterious "metal world" was formed during the turbulent birth of our solar system.

Screenshot 3

 NASA launches space missions to Jupiter's 'trojans' and METAL asteroid

It is valued at £8,072 quadrillion ($10,000 quadrillion), according to Lindy Elkins-Tanton, the lead scientist on the NASA mission.

Source : thesun.co.uk

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