Asteroid Psyche 16 has been identified as containing gold reserves valued at approximately $700 quintillion, an amount that could theoretically make every person on Earth a billionaire. However, experts note that the value of gold is fundamentally tied to its scarcity, and if such a vast quantity were mined and brought to Earth, the price of gold would likely plummet, potentially by more than 80%, or even to near zero. The technological advancements required to mine this asteroid could significantly enhance global living standards, particularly for the poor. Some have suggested innovative financial strategies, such as issuing debt with low interest rates backed by the future mining of Psyche 16, as a means to address national debt. Despite the speculative nature of these ideas, the discovery highlights the potential economic impact of extraterrestrial mining.