{"id":1384,"date":"2011-10-02T09:00:08","date_gmt":"2011-10-02T13:00:08","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=1384"},"modified":"2012-12-29T06:23:59","modified_gmt":"2012-12-29T11:23:59","slug":"the-price-of-gold-in-the-year-2160","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2011\/the-price-of-gold-in-the-year-2160\/","title":{"rendered":"The Price of Gold in the Year 2160"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2011\/10\/100111_1407_ThePriceofG11.png\" \/><\/p>\n<p>Centives has <a href=\"http:\/\/www.centives.net\/S\/2011\/how-will-chavez-move-12-billion-of-gold-back-to-venezuela\/\">previously covered<\/a> Hugo Chavez&#8217;s &#8216;problem&#8217; of having too much gold. It turns out that he should be far more worried about the future value of his gold stockpile. <a href=\"http:\/\/baselinescenario.com\/2011\/09\/23\/the-price-of-gold-in-the-year-2160\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+BaselineScenario+%28The+Baseline+Scenario%29\">The Baseline Scenario<\/a> took a look at what the price of gold will be in the year 2060. The prediction? It will completely crash to the point where it&#8217;s close to worthless as a system of currency. The reasoning includes:<\/p>\n<ul>\n<li>Commodity based money systems have consistently, throughout history, collapsed.<\/li>\n<li>This is because technology inevitably makes the production of commodities too cheap.<\/li>\n<li>Gold is likely to be a very common element in Space. A &#8220;moderately sized&#8221; asteroid named Eros was estimated to be worth over $20 trillion of precious metals in 1999.<\/li>\n<li>Everyday humanity comes closer to being able to mine minerals from space. Launch costs alone have dropped from $10,000\/kg to $500\/kg.<\/li>\n<\/ul>\n<p>To read some of the challenges involved in being able to mine precious metals from space, as well as some of the solutions that individuals have proposed click <a href=\"http:\/\/baselinescenario.com\/2011\/09\/23\/the-price-of-gold-in-the-year-2160\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+BaselineScenario+%28The+Baseline+Scenario%29\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/baselinescenario.com\/2011\/09\/23\/the-price-of-gold-in-the-year-2160\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+BaselineScenario+%28The+Baseline+Scenario%29\">The Baseline Scenario<\/a><\/p>\n<p>Via: Jake Kennon<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Centives has previously covered Hugo Chavez&#8217;s &#8216;problem&#8217; of having too much gold. It turns out that he should be far more worried about the future value of his gold stockpile. The Baseline Scenario took a look at what the price of gold will be in the year 2060. The prediction? It will completely crash to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,41],"tags":[],"class_list":["post-1384","post","type-post","status-publish","format-standard","hentry","category-daily-bulletin","category-signature"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/1384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=1384"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/1384\/revisions"}],"predecessor-version":[{"id":7510,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/1384\/revisions\/7510"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=1384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=1384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=1384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}