“Thar’s gold in them there asteroids!”
Actually, the “gold” in the quote refers less to the actual element and more to the potential wealth lurking within the resources available in many asteroids in space. I base this optimistic assessment, which is looking at the very long term and not the near future, based on the following chart, just published in a new white paper report [pdf] dubbed “Asteroid Mining: Key to Large-Scale Space Migration or Rocky Road?” The chart itself comes from this October 2023 research paper.
Except for gold, the estimated abundances in metallic asteroids of all these important minerals exceeds the entire reserves contained on Earth, by many times. And even though the asteroid reserves of gold do not exceed that of Earth, that in-space gold is likely far easier to access and mine. As the report notes:
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