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The Contribution of Volcanoes to Venus’s Atmospheric Composition
One of the many mysteries surrounding Venus, our closest planetary neighbor, is the origin of its atmosphere. The planet is veiled in thick clouds, making it challenging to study its surface and atmospheric composition. However, scientists have long speculated about the role of volcanoes in shaping Venus and adding to its atmosphere. With approximately 85,000 volcanoes on Venus, the idea of active volcanic activity is a topic of interest and debate among researchers.
A recent paper by European researchers explores the question of whether Venus has active volcanism through two approaches. The first approach considers whether Venus can maintain its current atmospheric composition without additional gases from volcanic emissions. The variability of sulfur dioxide in the atmosphere over decades has been cited as potential evidence of ongoing volcanism. However, some scientists suggest that other factors, such as surface-atmosphere interactions or atmospheric dynamics, could also contribute to this variability.
The second approach focuses on identifying transient effects in Venus’ atmosphere that could indicate active volcanism. These effects could range from water vapor to particulate matter like volcanic ash. Data on these phenomena has been limited, primarily collected through remote sensing missions. However, upcoming missions to Venus, such as DAVINCI and EnVision, aim to provide more direct measurements and insights into the planet’s atmosphere.
DAVINCI, equipped with spectrometers and high-tech cameras, will gather data in Venus’ lower atmosphere to detect trace volcanic gases. It will also analyze ionic concentrations to indicate volcanic outgassing. EnVision, another mission, will focus on studying gases higher up in the atmosphere using various spectroscopic techniques to unravel mysteries in Venus’ cloud tops.
While current missions offer valuable tools for studying Venus’ atmosphere, there are limitations to consider. For instance, an infrasound sensor could directly detect volcanic eruptions, but no missions currently include this technology. Despite these challenges, researchers are optimistic about the new insights these missions could bring to the ongoing debate on Venus’ volcanic activity.
With the earliest mission, DAVINCI, set to launch in approximately five years, scientists have time to refine their hypotheses and theories about Venus. The data collected during these missions could finally provide conclusive evidence regarding the presence of active volcanism on Venus, answering a long-standing question about our neighboring planet.
As researchers eagerly await the results from upcoming missions, the scientific community is hopeful that these endeavors will shed light on the enigmatic nature of Venus and its mysterious atmosphere. By leveraging advanced technologies and innovative approaches, scientists are poised to unravel the secrets of Venus and potentially redefine our understanding of planetary volcanism.
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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