I’m afraid that in a world where finished products have a negligible value that precious metals will have greatly diminished worth.
What would you buy with the proceeds of selling a silver coin anyway? I mean, when you can create pretty much anything for almost nothing.
Everything will change, few will need to work. Large economies built on low-wage labor will be transformed when the labor is no longer of value.
It won’t be socialism.... no need to steal from the rich and spread the wealth... just crank out whatever you need.
Computers are amplifiers for the human mind. Once they were created we were set on a path leading to full automation.
Just a mere 100 years from now the world will be very different... many here on this forum will still be alive to see it IMO.
I wonder what a 3D printed hamburger tastes like.
Sort of happening now, with Obama running things. So where will the taxes to pay for welfare come from? Maybe that's why Obama wants to shut down 3D printing!
Labor will become expensive and in demand. Land will be expensive. Prime real estate moreso.
Raw materials will still be needed.
Rare materials such as gold and silver will become relatively more valuable because of the demand for their intrinsic qualities and their scarcity.