Gold or Silver? A common dilemma investors often face with regards to which precious metal should be on their portfolio. As both are valuable commodities, their global supply is limited. But there are specific properties that set the two metals apart, investing in one particular metal a natural choice for most investors.
Unlike gold, the supply and industrial demand for silver are much more significant. Silver is used for soldering, batteries, dentistry, glass coatings, etc. Mine production of silver accounts for approximately 85% in supply, while industrial application constitutes almost 56% of total silver demanded. With regard to gold, it is produced in limited quantities. Only about 2,500 tons of gold are mined globally, annually, with an estimated 54,000 metric tons in global reserves. Gold is a relatively rare commodity than silver.
Keeping the demand and supply conditions of gold and silver in mind, we can note that the bigger silver market values are much less than the smaller gold market. The supply conditions of silver, make it a more volatile product, susceptible to variable market conditions, and hence price fluctuations. In other words, even though the silver market supply is much larger than that of gold, the lower price of silver makes the annual value of silver supply much smaller than that of gold.
The graph below shows how silver compares with the market capitalization of individual popular stocks.
Therefore, it takes a relatively small amount of money to create a more significant impact on the silver market. This results in the prices of silver rising more than those of gold on certain good days, while they fall more than those of gold on bad days. Depending on a bull or bear market, prices of silver have performed differently in different settings.
The examples below show how silver and gold have played in some of the biggest bull and bear markets in modern history.
The higher volatility in silver, and the table above, suggests that silver will outperform gold in bull markets.
Silver is the more affordable metal. However, the reason this is important is that an investor can benefit in similar ways from purchasing physical silver (not paper investments such as ETFs, certificates, or futures contracts), at a lower price, than from making a gold purchase at a higher price.
Like gold, silver is:
- Tangible – In this digital age of paper profits, digital currency, and digital trading, intangible assets are commonly used to make substantial investments. However, silver and gold are tangible assets that can easily be assessed, monitored, and tracked.
- Highly Liquid – Both silver and gold are liquid assets, which means they can easily be converted to cash. Whether to make small or large payments, silver and gold can easily be traded in for immediate cash payments.
- Default Risk & Counterparty Risk-Free – Gold and silver, alike, have no default risk as there is no issuing entity that could go bankrupt or that could default.
Silver may come with volatile prices and some uncertainty, but it is a more affordable metal. The average investor can purchase silver in smaller denominations, enabling him to make quick cash when needed for low, insignificant immediate payments like that of a phone or medical bill.
The affordability of silver comes with a small catch: it needs more storage space than gold. At the current prices of $1,733.10 for an ounce of gold and $17.49 for an ounce of silver, at the same dollar value investment, say $5,000, one can get roughly 98.9% more ounces of silver than gold. Isn’t that a lot? But how would you manage to store all this silver? With a density of 10.49g/cm³, silver is known to be much less dense than gold, with a density of 19.32g/cm³.
The fact clearly indicates that silver bars are much larger than gold bars and hence take up more surface area. It is said that one could hold about $50,000 worth of gold in one hand, but it may take approximately ten large shoe boxes to keep the same amount’s worth of silver. If this is true, one could be almost sure that keeping silver does not only require space; there is a lot more to it.
Investing in silver pertains to incurring individual storage costs higher than those that one would pay to hold gold. As silver is less dense, it takes up more space and is cumbersome to deal with, and hence professional storage costs are a lot higher with most depositories. Transporting silver bullions, unlike gold bullions, is not only difficult but expensive and burdensome. Silver, again, unlike gold, will eventually wear out if exposed to the elements; it cannot withstand moisture or light. It needs to be stored in a dry place, locked away, and prevented from the weather forces.
While the industrial demand for gold is just about, between 10% and 15%, the need for silver is an enormous 56% of its annual supply. Silver is used in almost everything you see around in your house. From electronics and batteries to dentistry and solar panels, you name it; its uses are extensive. This allows for a more significant impact on silver in periods of booms or slumps. When the economy is flourishing and doing well, the demand for silver is high, when the economy is in a recession, demand for silver falls. However, it is essential to note that unlike in the scenario with gold, where supply increases by recycling leftover remnants from its industrial uses, silver cannot be recycled; instead, it is thrown away after being used. It is uneconomical to recover every minute shaving or chip of silver after being used in the industrial processes. The supply of silver is, thus, limited. Linking back to our earlier discussion, and following the facts stated above, you may want to question whether the prices of silver rise in times of economic booms and fall in economic busts. Let’s take a look at this situation.
Considering one of the worst economic situations of all time, the financial crisis of the 1970s, we will look at the development of silver prices. The second half of the decade of the 1970s, the end of the post-World War II economic boom, was met with much apprehension and fierce economic depression. The world battled with a severe energy crisis, with oil prices rising to above 70%, high unemployment looped with a high inflation rate accelerating to over 20%, two recessions, the Russian invasion into Afghanistan, and ongoing cold war tensions. With all economic forces at work and the world going topsy-turvy, one would expect that silver prices would reach their most dreadful fall. This, however, was not entirely true. The uncertain global economic conditions did well for the prices of silver. While investor confidence in the dollar dwindled, people began to increase their purchases in silver, aiming to hedge their portfolios from the economic turmoil and global chaos. As a result, silver played its role as money, which had a booming impact on metal prices. The graph below illustrates the price trend of silver during the 1970s crisis.
The above discussion gives investors a broader perception of the properties of gold and silver. Silver may seem like an excellent choice to make; gold has always been the prime choice of most investors. Investing in gold and silver entirely depends on the investor’s goals, life choices, and plans. Analyzing your portfolio, your goals, and your plans will enable you to make the right, fitting choice between the two metals. Whether to buy gold or silver, is not a judgment of prudence or intelligence, it is of patience and predictability, of waiting and understanding economic and financial situations.
How to Shortlist A Company For The Best Chatbot Development For Your Website?
Do you consider your customers as a priority for your business operations? If yes, seamlessly engaging with them must be your firm’s priority as well.
How Do You Engage With Them?
Social Media has eased the whole process for your business. From direct messaging your audience to running targeted ads, the usefulness of social media is unrivaled. But, to engage, you need to interact with the customers — Listen to their feedback, answer their queries, guide them as required, etc.
For these, you can spend a fortune on a few employees to represent your business. If not, you can invest a part of that fortune in the best chatbot development company and get a chatbot tailored to your business.
Why a Chatbot?
- Reduced costs,
- 24/7 customer support,
- AI-backed technology,
- Multilingual interaction,
- Reliable metrics to gauge engagement,
- Source of primary data,
- Increased productivity.
Your business avails these benefits and more by inducting a chatbot.
While the benefits seem enticing, the development of a chatbot is vital.
Investing in the best chatbot development company is advisable. In the meantime, there are a few facets that you should know while looking for a chatbot development company.
Privacy and Security
The first and foremost is the privacy and security of the chatbot. Considering the chatbot development is being outsourced, this facet grows even more important. It would be best if you verified the companies’ compliance with all data security laws. It is wise to know the industry standards and regulations with regards to privacy before approaching a chatbot development company.
Past Work and Experience
Moving on, have an eye for their past work and experience. Though the working of chatbots is similar at a base level, the personalization to industries varies at scale. Hence, check for their past work and understand the variety of options to choose from. The level of personalization is limitless. From basic customer support chatbots to e-commerce chatbots, there are a plethora of options. Looking at their work samples can help you in choosing the optimal chatbot for your business.
The ability to integrate chatbots is another facet that needs special mention. The best chatbot development companies offer flexible chatbots that can be integrated into various platforms and 3rd party apps. This is an important issue when it comes to chatbots, as the vibrancy of social media is unparalleled. And your chatbot must be flexible enough to be integrated.
Recommended – How To Use Conversational AI on Your Website
Another vital feature of a chatbot is its scalability. As your business queries grow, the workload on chatbots increases too. So, an ideal chatbot is capable of handling an enormous amount of workload. This also pushes you to invest in the best chatbot development company once, rather than regularly spending to meet the volume of queries.
After these features are considered, your business needs to understand the cost of the chatbot and evaluate its worth. Comparing quotes between companies can also help.
Alongside this, the scope of a multilingual setup needs to be taken into account.
Similar to a chatbot, the development company too should offer continuous support in the maintenance and finetuning of the chatbot.
The inclusion of machine learning and artificial intelligence means your chatbot must be developed in a futuristic manner.
All the above-mentioned features are arguably the most important facets to remember while outsourcing chatbot development. Given its costs and benefits, it is advisable to invest in a company with the best chatbot development process. This ensures a quality chatbot for your business and also a reliable support service for your chatbot.
IndoAnalytica — a company with years of software development company is experts in chatbot development. Well, that’s precisely why we have been able to voice out the above points.
How to Prevent Attackers from Malware?
You have heard about malware attacks. So how can you prevent attackers from malware? So you have to understand some basic precautions to prevent it but no method is one hundred percent full proof. Also, you have known some malware terms like virus, trojan, ransomware, worm, spyware, botnet, and many more. These are the malicious software that damages your computer or laptops and steal sensitive data and use them for illegal work.
As malware attacks keep on filling in both recurrence and complexity, it is getting progressively harder for organizations to shield against them. The most genuine malware attacks consolidate secrecy, exactness, and social designing procedures to infiltrate and bargain the framework of computers. When these digital attacks like malware make it into a computer, they take restrictive information communicated over business and network organizations, regularly causing genuine harm before they are recognized.
Virus – A computer virus is a malware, when it’s once enacted with the windows and other operating systems it will replicate itself folder to folder and spread quickly. It will damage your files and also the operating system.
Ransomware – Ransomware is also a dangerous malicious software. In this method, the hacker can block your access to the computer files and others until a ransom is paid some good amount of money. This class of Ransomware is a criminal moneymaking plan that can be introduced through tricky connections in an email message, text, or site.
Worm – A worm is fundamentally the same as a virus in that it reproduces itself inside an operating system, it doesn’t spread to different folders. The worm will silently work on the computer. It is very difficult to detect. They exploit security imperfections, frequently spreading by means of mass messages shipped off a client’s rundown.
Trojan – A Trojan is a sort of malware that camouflages itself as real programming however fills malware into your computer. It will take full control of your system and steal valuable data.
Basic Precautions for the Malware attacks
- Install a paid Antivirus Software – It’s simple, just install a paid antivirus software. The antivirus software will scan your full computer files. If the software detects any kind of malicious thing it will delete the file immediately or will eliminate the malicious software. Antivirus software provides automatic updates so it’s easy to recognize the newly created viruses, trojans, worms, etc. You should do a manual scan while once a week. After that audit your files and checks those reports.
- Keep your software updated – If you want to save your computer then you have to keep your software always updated because attackers always find something vulnerable. No software is totally protected against malware attacks. Nonetheless, programmers of software always give fixes and updates to close whatever new weaknesses appear in the software. Routinely update your windows systems, software, plugins, and many more.
- Don’t download pirated software – Don’t download any kind of pirated software because it will harm your computer very badly. It means you just incoming the unwanted guests in your computer. Pirated software may contain viruses, trojan, ransomware, worm, spyware, botnet, and many more. Hackers can easily create fake software to hack a computer, So don’t try to download it.
- Avoid suspicious links and emails from unknown sources – Phishing remains the most straightforward route for hackers to introduce malware on your computers or laptops. At the point when you get suspicious links and emails from unknown sources so these are phishing attacks. So when you click those links and emails the link will take you to a clone website and after that, they will steal your sensitive information or damage your computers and laptops. So don’t click any kind of links and emails that are coming from unknown sources.
- Encrypt Your data – It is the best way to encrypt your data to preventing hacker attacks. Hackers would discover any kind of sensitive information but that would be difficult for hackers because it will be encrypted and difficult to understand. Windows have a lot of encryption tools. Remember, nonetheless, that encryption would possibly set off if a hacker doesn’t utilize the customized login information. To Utilize this system, ensure computers are set to consequently log out following five to ten minutes of inactivity. On the off chance that a hacker slips in when one of your things goes out in his hand, they would just access encrypted files.
- Back-Up your Data – Just back up your data and it’s very important. You have to back up the data routinely to guarantee that you can in any case recover all your sensitive information and documents if your computer is contaminated with malware attacks. You can likewise consider believing an expert IT group to back up your information into an encoded USB, put away in a distant area. Phishing is the main source of all digital malware attacks and keeps on demonstrating perhaps the simplest approaches to take sensitive information and convey malware. MetaPhish has been made to give an incredible guard against these dangers and empowers associations to discover exactly how helpless their organization is to phishing.
Fix HP 6835 Printhead Error in an Efficient Way
You may face problems with Print head, if your printer’s print head, where the cartridges are inserted is not working suitably, as your printer can’t detect it. It also happens because of the accumulation of the ink in printer head, which also did not allow the printer to come in contact with the Printhead. This is one of the main issues, as it is connected with the printer’s Ink mechanism and can influence your work. HP 6835 Printhead Error also signifies towards the hardware failure and it might be the case that you have to change your printer.
Reasons Behind HP 6835 Printhead Error Message
- The major reason for this Hp Printer error is that authentic cartridges are not used by you. Some people might go for the non-authentic cartridges refilled that are available at fewer prices, simply to save money. This could damage you in long run, as this cheap quality of ink gets collected in the nozzle and later blocks the way.
- The other major cause could be that you haven’t used your printer for long enough duration and it was left idle
- This error may also occur if the printer has not been connected to the wall outlet directly. It is also feasible that your printer is not getting the suitable voltage that is required by it to operate, in case the surge protector is what it is connected to. That is why it is suggested strongly to get your printer connected directly with a wall outlet
- Installing the cartridges in a wrong manner or Printhead connected in a wrong way to printer is the fourth cause why the Printhead error arises.
Troubleshooting Steps to Fix HP Printer Error 6835 Printhead
Step 1 – Initially, try to get the printer connected with the wall outlet directly, and in case the error still persists then try following these steps:
- Initially, attempt performing Hard Reset on the printer.
- Eject the printer’s power cable out and then hold the button of power by keep on pressing it for 60 seconds
- Get the power cable connected back to it and try printing the report of Printer Status, for that
- Initially, go to the Set up First
- Now to Report/Tools
- And subsequently to the Printer Report Status
These steps will fix your trouble and if not then try following the next step.
Step 2 –
- Take out the cartridges and pull them out and then begin cleaning the Golden/Metal contacts that are available at the cartridge’s backside and also where the cartridges are inserted
- Use either a lint-free cloth or paper towel for the cleaning purpose
- Now insert the cartridges back and attempt printing the report of Printer Status
- Initially visit the Set up
- Now to Report/Tools
- Finally to the Printer Report Status
After performing the above steps, you would have resolved HP 6835 Printhead Error. In case, if you are unable to fix it then it is best to consult professionals. Call HP Customer Support professionals available at Pcsolutione so as to get the best guidance to troubleshoot the error code quickly.
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