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Construction of the World’s Largest Digital Camera has Finished, Ready for Installation at the Vera Rubin Observatory
The completion of the world’s largest digital camera marks a major milestone in the construction of the Vera C. Rubin Observatory, formerly known as the Large Synoptic Survey Telescope (LSST). This ambitious project was proposed in 2001 with the goal of conducting deep-sky surveys using cutting-edge technology. The observatory features a wide-field reflecting telescope with an 8.4-meter primary mirror and a unique three-mirror design known as the Simonyi Survey Telescope. The heart of this groundbreaking facility is the LSST Camera, a 3.2-megapixel Charge-Coupled Device (CCD) imaging camera that is the largest of its kind ever built.
Years of meticulous work by scientists and engineers at the Department of Energy’s SLAC National Accelerator Laboratory and their collaborators have culminated in the completion of the LSST Camera. This sophisticated piece of technology will be mounted on the Simonyi Survey Telescope, allowing researchers to observe the Universe in unprecedented detail. Once operational, the Vera C. Rubin Observatory will embark on a 10-year survey of the southern sky known as the Legacy Survey of Space and Time (LSST).
Jointly funded by the U.S. National Science Foundation (NSF) and the U.S. Department of Energy (DOE), the Vera C. Rubin Observatory is set to address some of the most pressing questions in astronomy and cosmology. From probing the nature of Dark Matter and Dark Energy to mapping the Milky Way and studying transient objects in the cosmos, this observatory holds immense potential for groundbreaking discoveries.
The LSST Camera is a technological marvel, boasting the capacity to capture an estimated 5,000 terabytes of new raw images and data every year. As Željko Ivezic, the Director of Rubin Observatory Construction, aptly puts it, this camera will help produce the greatest movie of all time and the most informative map of the night sky ever assembled. With its large-aperture, wide-field optical imaging capabilities, the camera can capture light across the near-ultraviolet to near-infrared spectrum, providing unparalleled views of the cosmos.
One of the key objectives of using the LSST Camera is to search for weak gravitational lensing, a phenomenon crucial for studying the distribution of mass in the Universe and understanding the mysteries of Dark Matter. Additionally, scientists hope to track changes in galaxies over time, spot Dark Matter clusters and supernovae, and conduct comprehensive surveys of small celestial objects within our Solar System.
The completion of the LSST Camera heralds a new era of discovery in astronomy, enabling researchers to delve deeper into the cosmos and answer some of the most challenging questions in physics. With its groundbreaking technology and vast potential for scientific breakthroughs, the Vera C. Rubin Observatory is poised to revolutionize our understanding of the Universe.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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Is now the right time to invest in gold as prices have cooled?