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Mathew Owens, a British physicist and professor of space physics at the University of Reading , has warned that a once-in-century solar storm could fry power grids and knock out satellites.
The sun’s activity is currently growing and scientists are particularly concerned about the ongoing solar cycle. It is already more active than the previous cycle, which means the sun could become more active than it has been in the past two decades.
The current solar cycle is already wreaking havoc, with powerful solar flares causing radio blackouts that disrupt long-haul flights. Elon Musk’s SpaceX also lost 40 Starlink satellites as a solar storm caused the atmosphere to expand, increasing the drag for the satellites and causing them to burn up. (Related: Lost in space: Solar storm destroys 38 Starlink satellites, costing Elon Musk’s company tens of millions […]
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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