Silver worse case senario: off world mining?

[universalcurrency]

I wondered what other members opinions are on silver price should off-world mining become feasible and cost effective...

Personally I like to look at the potential down side of my investments should any one class go seriously south, such as the above or transmutation, (alchemy).  In the latter it is already possible to turn base metal (eg lead) into gold though atomic physics, however the costs are uneconomical.

[Roy]

I'm not that concerned. 

My favoured mining stock: LSE-AIM-OTC hs just broken ground on the planet Krypton.   They will be returning and refining soon. I don't foresee any weakness in the markets in the future.

OTC

[KDave]

We are more likely to mine the bottom of the ocean than the sky in my opinion and I say that with zero expectations of drilling the ocean for anything other than oil. What you are talking about is centuries away and not part of the investment picture for you or I's lifetimes.

As you say turning stuff into heavier elements is possible in tiny amounts during the production of nuclear power, but good luck processing or making enough of it to make it cost effective. Perhaps in a few decades under the right conditions price and scarcity wise, but I just don't see it happening. If it does then thats great, because it means the price of the metal will be insane and I will be rich 

I am also of the view that we will never run out of the metals from conventional means in my kids lifetimes and then some. New deposits are found every year, estimates of current reserves are changing to the upside all of the time and worst case, technology and ingenuity will allow us to mine deeper and mine deposits that were previously uneconomical, just as has happened in the past - we are good at this stuff. This is a factor that just isn't part of a meaningful investment decision in my opinion, but it is an interesting topic! 

[Scuzzle]

Off world mining is a long way off, even mining under the ocean is a long way off, they have enough trouble with drilling for oil in the ocean and they know it's down there in vast quantities, thats not the case with scattered veins of precious metal.

I think that Elon Musk is a bit of a chancer, Ford, Gm produce cars that make $900 odd profit per car and Tesla produce cars that make a loss of $1,800 yet these are the ones that have the stock market dominance, without subsidies they would be nowhere.

[vand]

The only reason they would look into off-world mining would be if on-world supply was exhausted or so low as to be economically unfeasible to extract. Guess that would make it very much a BEST-case scenario. Prices would literally go to the moon.

[vand]

http://www.dailymail.co.uk/sciencetech/article-2147404/Found-The-single-asteroid-thats-worth-60-billion-years-financial-output-entire-WORLD.html

"An upcoming NASA mission to return just 2 ounces (60 grams) of an asteroid to Earth will cost about $1 billion."