 - enough to make everyone on earth a billionaire. But Dr. Linda Elkins-Tanton, a space scientist at MIT, has presented an intriguing scenario: If 16 Psyche does indeed harbor an immense amount of precious metals, their potential market value could lead to economic chaos. With the iron alone estimated to be worth $10,000 quadrillion (£8,072 quadrillion), the sudden influx of these metals on Earth could disrupt commodity markets, destabilizing economies worldwide. Dr. Elkins-Tanton posed the question of whether these precious metals should be hoarded, controlled, and monopolized, or if they should be utilized to address humanity's metal resource challenges on a global scale Speaking to Global News Canada, she said: "Even if we could grab a big metal piece and drag it back here … what would you do? "Could you kind of sit on it and hide it and control the global resource – kind of like diamonds are controlled corporately – and protect your market? "What if you decided you were going to bring it back and you were just going to solve the metal resource problems of humankind for all time? This is wild speculation obviously." While skeptics argue that it might simply be a mass of hard rock, NASA's Psyche spacecraft is primed to put the debate to rest about its value, while the economic impact remains unclear. During its 26-month orbit around 16 Psyche,){kind=link}
NASA’s Psyche spacecraft is on a mission to asteroid 16 Psyche, rumored to hold a mind-boggling $10,000 quadrillion worth of precious metals
A groundbreaking NASA mission which is set to launch could have a major impact on the economy.
On October 5, NASA’s Psyche spacecraft is gearing up for a six-year journey to the asteroid 16 Psyche, nestled in the main asteroid belt between Mars and Jupiter.
Scientists have long been intrigued by 16 Psyche’s potential value, with some speculating that the asteroid could hold an astonishing wealth of precious metals, estimated to be worth more than $10,000 quadrillion (£8,072 quadrillion) – enough to make everyone on earth a billionaire.
But Dr. Linda Elkins-Tanton, a space scientist at MIT, has presented an intriguing scenario: If 16 Psyche does indeed harbor an immense amount of precious metals, their potential market value could lead to economic chaos.