re "gold continues to hold up" Trump cheered on the US shale boom while it crashed the price of oil and gas.
Now he wants to disrupt the metals biz. I wonder what this portends for the future price of gold? ;)
Trump signs executive order supporting space mining, Russia criticizes the move
kitco.com
Anna Golubova
Tuesday April 07, 2020 15:35
(Kitco News) U.S. President Donald Trump took a major step for all the wannabe space miners out there this week by signing an executive order that supports the exploration and the use of space resources by the U.S. citizens and businesses.
“This Executive Order establishes U.S. policy toward the recovery and use of space resources, such as water and certain minerals, in order to encourage the commercial development of space,” Scott Pace, deputy assistant to the president and executive secretary of the National Space Council, said in a statement on Monday.
The order, titled “Encouraging International Support for the Recovery and Use of Space Resources,” gives Americans the “the right to engage in the commercial exploration, recovery, and use of resources in outer space.”
The State Department also wants other countries to pursue a similar approach. U.S. policy contradicts the 1979 Moon Treaty, which America has not signed. The treaty says that all non-scientific use of space resources be governed by an international regulatory framework.
The executive order gives companies operating in space the right to any resources mined there. “Outer space is a legally and physically unique domain of human activity, and the United States does not view it as a global commons,” the order stated.
That is not a new idea. The U.S. Congress already passed a law in 2015 that allowed individuals as well as companies to use the moon and asteroid for its resources.
Monday’s executive order comes as NASA published its long-term Plan for Sustained Lunar Exploration and Development, which envisions a “base camp” on the moon’s south pole. |
