Outside of the box thinking......
 

I was playing with my son's gyroscope and a thought crossed my mind.

What would happen if you take the gryoscope. increase it's size to about 10 feet or so. Magintize the inner wheel and line the outer wheel with copper. Then spin it at high speeds,What would happen?

Why did this cross my mind? Think about the effect a black hole's gravity has on enegry. Would the forces inside the gryoscope and the power it itself is producing have any effect at all?

just a little off the wall thinking

According to certain physicists and crackpots you've just described the perpetual motion machine. Based on the concept of the gyroscope, and the correct placement and size of the magnets it's been claimed that they can create a surplus of energy, though no one seems to have been able to prove it.

In this house we obey the laws of Thermodynamics.
-- Homer (Simpson)

Woo, you are spinning a gyroscope! You don't get free energy from the interaction with the magnetic field; the spin will start to slow down. Energy will turn to heat from friction, and without an input of energy the gyroscope will stop.

The gyroscope is not producing energy, it is merely a construct of existing energy in a particular configuration.

I do not see how black holes relate to this in any way.

Also, it is "gyroscope", "magnetize", and "energy".

No perpetual motion would exist because the moment you create a current through your copper, back EMF (electromotive force) would start to stop your gyroscope.