Goldy mentioned this in the Morning News: James Cameron and Google are teaming up to mine asteroids. They're looking for water and precious metals in outer space:
A water-rich asteroid would greatly enhance the large-scale exploration of the solar system," explained Anderson in a news release. "Water has many uses in space. For instance, it would not only be used for hydration, but also would be broken down into oxygen and hydrogen, for breathable air and rocket propellant."...Many asteroids are also rich in resources like gold and platinum, which, unlike water, are not abundant here on Earth. According to Peter Diamandis — founder of X Prize and co-chairman of Planetary Resources — one sizable asteroid could contain more platinum-group metals than has ever been mined in the whole of human history.
"When the availability of these materials increases," explains Diamandis, "the cost will reduce on everything, including defibrillators, hand-held devices, TV and computer monitors, catalysts; and with the abundance of these metals we'll be able to use them in mass production, like in automotive fuel cells."
My first thought on reading this article this morning was that Ron Paul must be slowly dying inside: One asteroid's worth of gold could sink his precious gold standard, pretty much forever. My second thought is that I wish NASA was doing this, and not a private enterprise: Space mining could make a tiny handful of already-wealthy people impossibly rich. So now it's up to you: