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Will Asteroid Mining Be The Next Gold Rush, Silver Rush? Gold Prices, Silver Prices

Following water, precious metals, like iron, nickel, sulfur, and platinum, would take significance. As a security precaution, asteroids that will break up upon entry in to the earth’s environment could be particularly targeted. Gold & Silver...

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PRLog (Press Release) - Dec. 21, 2012 - The up coming new wave in mining is out of this world. Bad puns aside, startup business Planetary Resources comprehensive plans on lately for asteroid mining. It sounds just like the stuff of science fiction, however the technologies now exist for this to occur in the very foreseeable future. Peter Diamandis, CEO of XPrize Foundation, and Eric Anderson, an aerospace engineer, started planetary Resources. How High Will Silver Go? Learn More >> http://www.silver-dollar-values.net

Built off the details that the Earth’s sources are restricted and technologies for space exploration is expanding, the business produced a very promising outline in its strategy to discover the frontier of space. Here’s how it would function: spacecrafts would target and analyze the makeup of nearby asteroids. As soon as they’re determined to include essential sources, robotic ships would bring them in to the Moon’s orbit to become mined.

A current report from the Keck Institute for Space Studies (KISS) at the California Institute of Technology confirmed that the kind of technologies essential for this exploration would exist in full by 2025, estimating a cost of $2.6 billion to get a first mission. Planetary Resources officials even stated that space-based gas stations for the robot ships which will be performing the mining might be up by 2020-that’s less than 8 years away.

The primary focus could be on water. Why water? Eric Anderson explained: “Water is maybe probably the most beneficial resource in space. Accessing a water-rich asteroid will significantly allow the large-scale investigation of the solar system. As well as supporting life, water may also be separated into oxygen and hydrogen for breathable air as well as rocket propellant.” Rare Coins, Silver Coins, Gold Coins >> http://www.silver-dollar-values.net/Selling-Gold/

Following water, precious metals, like iron, nickel, sulfur, and platinum, would take significance. As a security precaution, asteroids that will break up upon entry in to the earth’s environment could be particularly targeted. Diamandis stated: “With these levels of safety-all of that will be further analyzed and assessed throughout the phase II study-we can conclude the mission might be safe and that it might be explained convincingly to the public.” First, nevertheless, the scientists should figure out the chemical makeup of asteroids in order to determine which could be worthwhile, and safe, to retrieve.

In a conference Tuesday in the Museum of Flight in Seattle, business officials announced that they had been preparing on launching a first phase of exploratory aircraft in as little as 24 months. Using the Arkyd-100 series aircrafts from Arkyd Astronautics, the business will look for possible asteroids in their mining missions. The Arkyd-300 series will follow later on. They prepare to send a number of aircraft on exactly the same missions as backup in case of issues.

Planetary Resources estimates the presence of 9,000 near-earth asteroids that could figure in the expeditions. Of those, 1,500 are as simple to access as the Moon. And although some warn of the costs of an expedition like this, Chris Lewicki, who was involved in NASA’s Mars rover exploration and spoke in the conference, stated he believed it would cost someplace in the single-digit millions to construct mining robots and in the double-digit millions to really complete the missions. In fact, some of the technologies, just like the capability to construct these robots, currently exist. How High Will Silver Go? Learn More >> http://silver-dollar-values.net

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Source:Ross J. Martin
Zip:10101
City/Town:New York City - New York - United States
Industry:Business, Finance
Tags:silver dollar values, silver prices, gold prices, silver coins, gold coins
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