Persuasive Speech On Asteroids Research Paper

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Put your name Today Bill Gates is the world's richest man worth a Not very professional, still gets the point across thoughwhopping 78.7 Billion dollars, but a much greater wealth lies in the asteroid belt, an estimated 100 Billion dollars for everyone on Earth. Unfortunately there is little in the way of companies looking to tap into this wealth and with government agencies like NASA’s budgets being cut you could give an example there is little in the way of governmental assistance. Fortunately there are some companies that are going to expand into this industry such as Deep Space Industries and the government of Luxembourg pledged 21 million dollars to asteroid mining. But without much more government assistance this could fall to the private sector, a potential disaster with 1 company holding more wealth than many countries, with that in mind many governments should make a move to increase funding and research towards asteroid mining. …show more content…

This source of new metals becomes especially important once you consider that Earth’s supply of such metals is rapidly diminishing. Unlike Oil there won’t be massive supplies of it once we figure out how to mine it, governments and corporations won’t find magical new ways to produce trillions worth of Gold, Palladium, Rhodium, Platinum, and other precious metals. If you look at charts South Africa, once the main producer of gold has declined greatly, while it has been replaced by increased production in countries like Russia, that won’t last forever and that boom will eventually die down. But even more pressing than precious metals is the rapidly declining supply of rare earth metals. China is the lead exporter of these rare metals and they are implementing supply cuts in 2020, with the main supplier disappearing we need to find other sources,

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