About the Author - Morgan Williams

Hi guys! Thanks for spending your time to read my page. I am Morgan Williams. I work as an accountant. My hobbies are reading, writing and blogging. Being a accountant, I get lots of opportunities to work with different businesses. Whenever I explore or start to learn something unique, I would start to write down my experience as a blog. My blogs are mostly about business, marketing, latest software, technology news, and facts. I hope this information is useful and plays a meaningful part in your daily life. Read More about me...

Establishing the Spot Price of Silver

Posted by Morgan Williams | Posted in Business | Posted on 13-04-2015

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Silver Price – Historic Days

One of the main renowned foundations of the spot price of silver is the Silver Fixings. It began in 1897 and is reasonably straightforward. A collection of market contributors (mainly banks) assemble once a day to establish the spot price. They begin with the present spot price, and observe if there would be additional buyers or sellers if the spot price remained the same. If there are additional buyers, the price is lifted; if there are more sellers, the price is reduced. This is sustained until the orders can be packed at a single price.

Individuals purchasing/selling silver outside this procedure would basically do so at the spot price. This arrangement worked very well, and couldn’t simply be influenced, given that actual silver was shifting hands.

Silver Price – Current Times

Nowadays, the London Fixings still continue. Though, they now actually just operate as a means to get a once a day value for the price of silver.

Though, the majority of silver nowadays is purchased or sold based on per minute spot prices, which are supported according to the futures market.

Given how greatly silver is purchased or sold, and how diminutive is distributed, it seems that the spot price is mainly fixed by the few individuals that do this enormous quantity of day trading in silver. Some individuals query whether or not the cost of silver is influenced, and it is simple to see why. It’s almost certainly influenced; it’s just a query of whether the individuals manipulating it are doing so deliberately or not.

Actual Silver Prices

For the individuals that believe that the silver cost is unnaturally low, the query becomes, ‘if the cost is being kept low, who is selling silver at an unnaturally small price?’. The idea is that if the cost is unnaturally low, more individuals will purchase than sell, and ultimately there won’t be any extra silver to purchase.

Foremost, the leading basis of fresh silver by far is the mining businesses. They need to retail their silver. In presumption, they could stockpile it waiting for a superior price, however then they won’t have cash coming in to compensate for their operations. Or else, they have to agree to whatever the present price is. Individuals aren’t going to purchase for extra than the spot price at present, except if there isn’t somewhere else to get it.

The other main foundation of silver is second-hand silver. The businesses that melt and refine the old silver don’t worry what the cost is – given that the silver wasn’t theirs to start with. Seeing as they have to both purchase and sell, they have to make use of the present spot price.

So if the market is influenced, and the cost is unnaturally small, that doesn’t suggest that silver won’t draw closer to the market.

3 Benefits of Hiring a Compliance Consultant

Posted by Morgan Williams | Posted in Business, Outsourcing | Posted on 11-04-2015

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The business world has become increasingly complex with the ever rising number of regulations that companies are required to comply with. Including vital checks such as a CRB, which you can read more about at https://crbdirect.org.uk/. These regulations vary according to the industry where the business belongs, and all businesses are required to operate in accordance with the established specifications, guidelines, and legislation made by its industry’s governing body.

Compliance to these regulations is always the business owner’s responsibility. But with the burden of actually running the business, most business owners do not have time to personally look into this aspect of the trade. Instead, they seek the help of compliance consultants to make sure that the company’s compliance and controls are in place.

The following are three benefits of hiring a compliance consultant from Pragmatic Compliance.

  1. Business Sustainability – Constant compliance to regulations builds up a company’s reputation in terms of business integrity. Integrity earns respect. A high level of respect that employees and clients alike have for the company is essential not only in building an ideal company culture, but also in attracting more clientele. A company that is built on respect and integrity will not only thrive, but will do well in the business world.
  2. Opportunity to Work with Experts – There is a reason why consultants are paid well to do their job- and that is because they are considered experts in their field. A compliance consultant with experience and expertise will be able to help the company to efficiently comply with all the required regulatory guidelines in a shorter amount of time.
  3. Less Worries – Keeping up and staying aligned with all the laws, rules, and regulations is a tough aspect of any business. Hiring a compliance consultant will enable business owners to unload this tremendous worry off their backs. With lesser worries, company productivity can be increased as more attention is given to other aspects of the business.