Why Meteorites Are More Expensive Than Gold

Meteorites are solid fragments of debris from space-born objects such as asteroids and comets, that make it through Earth’s atmosphere and land on the surface. They possess an air of mystery and uniqueness, as they are of cosmic origin. This makes them more valuable per gramme, even more than gold. The majority of meteorites have particles smaller than dust, which may surprise you. They typically do not strike the earth and burn on the surface. Only a portion that endures burning lands on Earth. These are known as meteorites. Thousands of meteorites strike various places on the planet each year. For a very long period, these have drawn the attention of scientists. These meteorites, which resemble a typical stone piece, are very expensive.

In fact, these rare specimens are often made of iron, nickel or stone materials. They have invaluable information about the origin of our solar system and universe. They’re used to make jewellery. For this reason, a lot of people in this business spend hours sitting in secluded locations, on glaciers, and in deserts using metal detectors and other tools in the hopes of finding a meteorite.

In museums, meteorites are highly sought after. They receive millions and crores of rupees in return, depending on what elements the meteorite contains. Many purchase these via auction houses, where buyers must pay high fees to have these rare items delivered to their homes. It has a lot of these elements, which are extremely rare and difficult to find on Earth.

There are actually three varieties of them, which fall under the categories of stony, iron, and stony-iron. Among them, there are numerous subgroups. Numerous elements, including silicon and oxygen, are found in stony meteorites. In addition, they include iron and nickel. Only iron and nickel are present in iron meteorites. In addition to metal, numerous additional elements are present in stony-iron meteorites. These are offered for a very high price, and scientists are particularly interested in researching them. 16 Pysche is regarded as the universe’s most costly asteroid. Forbes magazine claims that it contains so much metal that it has the potential to be worth many times more than the global economy.

Human societies have considered gold as a precious metal for thousands of years. Its price is set by a number of factors, including its finite nature, market demand, and mining expenses. The price of gold is available to the public and is updated on a regular basis on commodities markets.

In contrast, there is no set market value for meteorites. Every meteorite is different in terms of its composition, size, type, and history. Meteorites with unusual or scientifically significant properties — including those containing organic molecules like amino acids — that may provide light on the origins of life are highly prized.