I hope palladium and other PGM become worthless so catalyst converters are ok to own

FWIW this isn't true, the $700 quintillion figure was an estimate of the total metal value (most of which would be iron) based on the asteroid being similar in composition to nickel-iron meteorites. As it happens we actually think it's a fair bit rockier than that these days. There'd still be vast amounts of metal there but less than initially thought and it would be harder to mine and process with the extra rock.

Also the estimate was just multiplying the mass of each metal by its current market price, which isn't how any of this works anyway.

So they agree the universe has abundant resources and the ultra wealthy on earth are just resource hoarders who don’t want to share those resources which directly causes poverty.

This would be useful for tech reasons I think. Isn't gold a better conductor than copper?

Making everyone on earth richer is how it's supposed to work. Not like millionaires, more in the sense that gold is a resource that requires us to ration it in a sense, and we would be able to use the cheaper gold to make all lives better.

That an influx of gold wouldn't do this is an indictment on our economic system.

De Beers has entered the chat

Gold price would lower until it's the same price as it costs to mine and bring it to earth, if that's at all lower than whatever it's currently.

Look up a movie called "Don't look up" which has a similar story regarding a situation like this. I'll say human greed has no bounds.

sooo... hiw does this work? does it "trickle down" or does it just "kaboom" into earth and we go the way of the dinosaurs?

I have to think of 'don't look up' now.

Or rather 100 billionaires will become trillionaires

Don’t look up.

There is probably some irony in the artist rendered likeness resembling a double siloed Death star.