(Zero Hedge)—They don’t call it the swamp for nothing…
Now a study recently published in Earth and Space Science confirms that about “three dozen” luxury high rise buildings in South Florida are “sinking”, according to a new report from Fox News.
The study was conducted by researchers from the University of Miami, Florida Atlantic University, University of Houston, University of Hanover, GFZ German Research Centre for Geosciences, and Caltech.
It found that 35 luxury condos and hotels in Florida’s Sunny Isles Beach, Surfside, Miami Beach, and Bal Harbour have experienced subsidence in recent years.
The study analyzed Interferometric Synthetic Aperture Radar data and found affected high-rises sank 2-8 centimeters from 2016 to 2023. The University of Miami noted such settlement is common during and after construction. Most impacted buildings were constructed after 2014.
“We found that subsidence in most high-rises slows down over time, but in some cases, it continues at a steady rate. This suggests that subsidence could persist for an extended period,” the study says.
The Fox News report says that study authors attributed the sinking to sand grains settling more densely in limestone layers, possibly influenced by construction vibrations, groundwater flow, tidal movements, or stormwater injection.
“The discovery of the extent of subsidence hotspots along the South Florida coastline was unexpected. The study underscores the need for ongoing monitoring and a deeper understanding of the long-term implications for these structures,” one study author commented.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
