Gold

Keep track of the most recent gold news, assets insights and rare interviews with precious metals experts with Kinesis. Timeless tips and educational articles on trading and investing your physical gold and gold-backed digital currencies. Learn how to secure the lowest prices and the safest gold bullion storage and where the best investment opportunities reside. Everything that matters for your gold in one place.

The importance of allocated gold bullion: the case of ABN AMRO

The ABN AMRO bank has abruptly closed all weight accounts for platinum, gold and silver bullion, leaving 2000 stunned precious metals investors with little more than thin air, where their physical gold bullion, silver bullion and platinum investment once was. The regrettable case of the Dutch bank reaffirms the absolute necessity of fully audited, allocated gold and silver to ensure verified bullion in physical gold or silver investment. The Dutch bank, ABN AMRO, presented customers with a short notice ultimatum: sell the platinum, gold bullion and silver bullion in your account before April 1st or the financial institution will sell it for you, with no guarantee of sourcing a fair price for the gold bullion or other precious metals. The unfortunate, if predictable, circumstances ABN AMRO customers are facing is a cautionary example of the counterparty risk investors, often unknowingly, accept with any investment in unallocated physical gold and silver. So, what happened at ABN AMRO? In 2013, the ABN AMRO weight accounts were transferred to another custodian. As UBS took over from Deutsche bank as the custodian of the gold and silver bullion, investors were informed by letter that their platinum, silver and gold bullion investment would be handled in a ‘different way’. The letter included a statement that, in so many words, customers could no longer redeem gold bullion, silver bullion or platinum. At the time, gold market analyst, Jaco Shipper, read the counterparty risk between the lines of the Dutch Bank’s hushed announcement. Shipper observed that although “ABN Amro denominates this account in terms of weight that is valued in euro, clients can never withdraw precious metals, so this denomination is entirely meaningless.” The financial institution held no allocated gold or silver bullion, Shipper labelled the precious metals “un-unallocated,” as “the invested funds may be anywhere and likewise the gold.” The Counterparty Risk According to the financial analyst, customers of the Dutch Bank invest in “any upside price potential of precious metals and whereby they take on all sorts of financial counterparty risks without hedging anything at all.” Shipper foresaw the possibility of a forced sell-off risk, commenting that “nobody can be held liable if these risks materialize.” When that risk did materialise, all counterparty risk of the investment landed square on the investors. Resulting in the forced sell-off of the, formerly, physical gold, silver and platinum by the end of the calendar month. What can we learn from the case of ABN AMRO? A harsh investment lesson for the ABN AMRO customers affected, serves as an important reminder for the rest of us: if a financial institution holds no allocated gold or silver, and the customer cannot redeem gold or silver, and it is the investor who takes on all counterparty risk and, ultimately, pays the price. Let’s look at the difference between Kinesis and ABN AMRO gold and silver bullion investment. Both Kinesis gold bullion and silver bullion are a fully audited, fully allocated gold and silver bullion investment, with the legal title remaining with the holder at all times. The result: almost no counterparty risk. ABN AMRO Gold BullionorSilver Bullion investment Kinesis Gold BullionorSilver Bullion Investment 1:1 allocated withphysical gold andsilver Customers canredeem gold andsilver any time MinimisedCounterpart risk Fully auditedphysical goldand silver Investor holdslegal title ofphysical gold andsilver at all times Why is Fully Allocated Gold and Silver Important? If an investor can no longer redeem gold and silver bullion, the bullion investment becomes entirely notional, as they have no legal title to any physical gold bullion or physical silver bullion. As we can observe with ABN AMRO, without legal title, all counterparty risk is left with the investor, with potentially disastrous financial consequences. A fully allocated gold or silver investment is in tangible, physical gold bullion and silver bullion stored in secure bullion vaulting, with legal title remaining with the holder, minimising counterparty risk. Kinesis Fully Allocated Gold and Silver Investment Fully allocated physical gold bullion and physical silver bullion stored securely in the Kinesis bullion vaulting system, underpins all of the Kinesis digital currencies in circulation. As the legal title remains with the holder at all times, Kinesis has all but eliminated the counterparty risk that could lead to the calamitous situation at the Dutch bank. Fully Redeemable Gold and Silver Bullion Kinesis users can redeem gold bullion and silver bullion at any time. The physical gold and silver underpinning our digital gold and silver bullion based currencies can be delivered to our customers, upon request. *subject to minimum withdrawal requirements. Why are audits important? Audits provide investors with the peace of mind that the exact quantity of physical gold and silver is stored safely in secure bullion vaulting, as the financial institution managing the investment states. In the absence of fully audited gold and silver precious metals, customers are left in the dark about the quantity, quality and, as we have seen with ABN AMRO, even the existence of their physical gold and silver. Kinesis Fully Audited Gold And Silver Bullion All physical gold bullion and silver bullion, underpinning Kinesis digital currencies is fully audited by a global physical commodity audit and inspection specialist, Inspectorate International. Bi-annual third-party audits reassure Kinesis users that every last gram of physical gold and silver, behind Kinesis digital currencies, is stored safely within the Kinesis bullion vaulting system. We recently successfully passed our first of many bi-annual audits. Read up on the results here. Conclusion ABN AMRO customers are not the first to suffer the financial consequences of the counterparty risk that comes with unallocated, unredeemable and unverified gold and silver bullion investment; and they won’t be the last. Kinesis redeemable, fully audited and allocated gold and silver bullion investment has been designed with every possible precaution to prevent Kinesis users from experiencing the distressing events that took place at ABN AMRO.

Zubair Bukhari
Zubair Bukhari

14/04/2020

The financial impact of Coronavirus (COVID-19) shows the advantage of gold bullion based digital currencies

The COVID-19 pandemic continues to wreak havoc across the global economy, collapsing crypto and stock market value without discrimination. Wall Street experienced its worst single day of trading since the 1987 crash, while the Ethereum and Bitcoin price were each slashed by around 50% - but what can we learn from such a black swan event? With investors the world over scrambling for a stable source of value, the recent economic turmoil has shone a light on the advantages of stable gold bullion based digital currency. Throughout this period of hectic trading, Kinesis digital currency has maintained price stability, through a 1:1 allocation with the timeless value of physical gold bullion. Yet again, the price of gold has proved its resilience in a period of great economic turbulence. While no market escaped the disastrous and far-reaching economic impact of the coronavirus pandemic, the gold price rebounded quickly. Let’s take a quick look at how the COVID-19 pandemic affected the stock market, the crypto markets and the gold market. Coronavirus Percentage Impact on Market(02/03/2020 - 26/03/2020) Bitcoin (BTC) -26.2% Ethereum (ETH) -39.06% Dow Jones (DJIA) -21.36% Standard & Poor's 500 -16.36% Gold (XAU) -0.60% https://www.coindesk.com/price https://www.kitco.com/charts/livegold.html Despite the gold market experiencing a dip due to a widespread lack of liquidity, the gold price (XAU) has now near completely stabilised. Whereas the financial impact of the coronavirus can still be seen in severe losses in the Dow Jones (DJIA) (-21.36%) and the Standard & Poor's 500 Index (S&P) (-16.36%) or in the Ethereum (ETH) (- 39.06%) and the Bitcoin (BTC) price (-26.2%). The strong response of the gold price to the coronavirus market crash cements Kinesis gold bullion based digital currency as an attractive proposition for all investors, whether searching for a short-term transfer of value or a stable, long-term investment. Even a glance at gold price history reveals why gold and silver bars are considered safe investments for the long term. The gold price continues to withstand the greatest economic challenges history presents, as gold price history seems to repeat itself. The innovative technology behind Kinesis gold bullion based digital currency makes accessing the stable value of gold bullion easier, cheaper and more profitable than ever before. But - why buy gold bullion through Kinesis digital currencies? Spend physical gold bullion: The Kinesis debit card allows you to spend gold bullion, how you would any other currency. Free storage of gold bullion: Access the value of gold bullion without paying storage fees - ever. Earn a yield: Receive a unique monthly yield on gold bullion based on a proportionate share of global transactions fees. Redeemability: Redeem the gold bullion underlying your Kinesis digital currency at any time. Liquidity: Access your gold bullion in seconds through our exchange, debit card or payments services. Fully Audited: All gold bullion is audited by a third party inspectorate. In these unprecedented economic times, all markets have been tested. While the coronavirus pandemic has exposed a concerning fragility across the economic system, with cracks appearing in every market; Kinesis digital gold bullion based currency has displayed true economic resilience. Kinesis digital currencies provide investors with a simple exit strategy from turbulent crypto and fiat markets, or an ideal long-term investment that prioritises stability over volatility. Kinesis digital currency offers all the benefits of a crypto currency, with none of the risk of traditional cryptocurrency, such as Bitcoin or Ethereum. Send Kinesis gold-based digital currency globally in seconds. Experience total accountability of all transactions on the blockchain. Decentralised system. Privacy. Scalability.

Zubair Bukhari
Zubair Bukhari

06/04/2020

Why digital gold and silver.

The problem with money is that it used to be backed by the gold standard. Gold, one of the safest and most reliable stores of value the world has ever known. After the abolishment of the gold standard in 1971 all money printed, lacked tangible value, leading to a tremendous amount of fiat money being printed, which in turn has lead to a devaluation of the dollar and a correlated increase in public debt; creating the modern banking system we have today. Trapped in perpetual debt and with inflation and debt eroding the value of your money. Central banks’ demand for gold soared to a multi-decade high of 651 tonnes in 2018. - According to the World Gold Council Defeating Gresham’s Law A fundamental economic principle, known as Gresham’s law, has been a big problem facing the adoption of gold as ausable currency. Gresham’s law states that bad money will drive out good money, which can be illustrated using gold and paper currency asan example. Because the perceived value and nature of gold is seen as good money, people will be incentivised to hold it and save itas it is a safe and stable store of value, and spend their less valued paper currency instead. Digitalising gold and incentivising its use with a fee-sharing yield system that rewards users for their participationby distributing the wealth of the system, defeats Gresham's law and drives mass adoption. The inflation problem When the total currency supply in an economy increases too rapidly, the value of the currency often decreases. Thisoften is a result of central banks printing more of that currency, diluting the supply. With worldwide debt increasing at an alarming rate, the amount of new money created by financial institutions is onlyadding to the inflation crisis. Hyperinflation When situations get really bad, in many instances throughout history we have seen scenarios of hyperinflation, veryhigh, rapid, and continuous inflation. In a hyperinflation situation, the prices of goods and services in an economyquickly rise to a level so high that they become difficult, if not impossible to afford for most people. Hyperinflationary episodes have occurred multiple times over the past century - 55, to be exact - as the world's nationshave experimented with fiat currencies backed by the full faith and credit of the governments that issue them. On more than one occasion, that full faith and credit has been misplaced - and holders of unstable currencies have beenleft empty-handed in countries all over the world. Financial crisis With the current volatility experienced by currencies around the world as a result of political uncertainty and rigidbanking infrastructure, many are returning to the safe haven. During periods of a financial crisis, gold prices tend toskyrocket as a result of the instability. Stable store of value In the 1950s the average price for an ounce of gold was $40.25, equally a high-grade suit would cost you between$40-$45. Fast forward to 2019 and the price of an ounce of gold (as of August) is around $1490, coincidentally, if youwere to buy a suit of equal quality it would cost you around the same today. Now let's imagine that you held on to that $40 you had in 1950, all the way up until 2019. That $40 now no longer hasthe same spending power it once did, and wouldn't purchase you the same quality suit. This is called currency depreciation and is a byproduct of inflation. Whereas the ounce of gold (being a stable store ofvalue) has retained its spending power, and thus its value. What are the benefits of gold? Gold has maintained its purchasing power for thousands of years. Gold cannot be created byindividuals or institutions. Gold is one of the most reliable and durable assets and will still be here for thousands ofyears to come. The value of gold is universally accepted by everyone at any time. Gold is held inindependent, secure and insured vaults, protecting you from systemic risks and financial crises. Holding your savings in gold offers protection to inflation. Your gold holds its value yearafter year. The Kinesis solution We have addressed the five problems above by: Allowing as little as 1 gram and 1 ounce units to be purchased on the exchange. Eliminating precious metal storage fees. Digitalising your metals to allow micropayments. Send gold and silver anywhere in the world in 2 seconds. Be rewarded monthly, through fee-sharing yield structures. The return of gold in modern commerce With the tokenization of physical precious metals and the addition of a velocity-based yield, Kinesis currencies combinethe best of both precious metals and blockchain technology. With the customer, reaping the reward of a continuous streamof passive income. We felt it was unfair that money is prone to depreciation in ways we have no control over. We believe the ready-madesolution has existed for thousands of years; it just hasn’t had the advantage of technology to allow it to be used inmodern life – that solution is gold. We built Kinesis to reintroduce gold as money, as a global currency that can be used in today’s electronic paymentsworld and be spent via debit card. By uniting tried and tested gold and silver with the latest innovations inDistributed Ledger Technology (DLT) to register ownership of physical bullion in digital form, giving the user the bestof both worlds. Kinesis currencies are representative of real physical gold and silver bullion, stored for free in fortified vaults allaround the world, on a 1:1 allocation. Eliminating counterparty risk and ensuring your precious metals retain theirvalue, year after year.

Zubair Bukhari
Zubair Bukhari

10/02/2020

Activating your minters yield via the Kinesis Exchange

To be eligible for the minters yield, users must first activate their Kinesis currencies by putting them into motion. To do so, you can either send wallet-to-wallet, spend via the Kinesis Debit Card or sell via the Kinesis Exchange. Currently, the most effective way to activate your minters yield is to sell your Kinesis currencies (KAU & KAG) via the Kinesis Exchange. Please be aware, when selling on the Kinesis Exchange, to effectively activate the minters yield, a trade must be placed as a limit order (sell order) and the price of such a limit order must always be above the prevailing current bid price. If the trade is not executed this way, you will not be eligible for the minters yield. If you have any questions, please contact sales@kinesis.money

Zubair Bukhari
Zubair Bukhari

03/10/2019

A reason to return to the gold standard

I know, speaking about returning to the gold standard can seem archaic, however, something that really grabbed my attention recently was an article covering an IMF blog post. In this article, two IMF economists discussed the introduction of e-money as a way for central banks to implement as negative an interest rate as necessary for countering a recession, without triggering large-scale substitutions into cash. Perhaps it stood out as something to take note of because of the many other developments taking place around this. E-money to implement negative interest rates is being explored while, despite negative interest rates already in place, the European Commission just slashed its 2019 growth forecast for the 19-nation euro-area economy from the 1.9 percent it projected in November to 1.3 percent. So, with European growth slowing but negative rates already in place, might we see a case being put forward to take rates even further into negative territory in an attempt to stimulate economic activity? But at the same time with e-cash in place to stop one from taking cash out of the bank and putting it under the bed. Is it also any surprise then that the ECB recently posted this video on their twitter about how QE helps reduce inequality? To the US, then, where the San Fran Fed wrote earlier this week that ‘allowing the federal funds rate to drop below zero may have reduced the depth of the recession and enabled the economy to return more quickly to its full potential.’ With the Fed funds rate at 2.5%, rates are still low by any historical standard, giving the Fed less room to move in the face of any downturn. At the same time, the Fed has gone from expecting to hike three times in 2019 a few months ago to removing all references to future hikes in January’s FOMC comment, while noting the cross-currents that the economy is facing. A decidedly dovish turn. Will the Fed need to turn to negative interest rates to stimulate growth, too? If central banks are considering the use of digital currencies to enforce negative interest rates on depositors, what are the other options? Kinesis Money could be one answer. Kinesis is creating two digital currencies based 1:1 on physical, allocated gold and silver. Kinesis will charge a 0.45% transaction fee for the use of its digital currency network, but redistribute a portion of these fees as a ‘yield’ to further incentivise the use of its system for transactions. These two currencies will allow one to access day-to-day spending outside of the banking system and remove exposure to fiat currencies, by giving liquidity to gold and silver. It will do so through the use of innovative blockchain and exchange technology, and a debit card attached to the Visa network. Significant technical developments have already been completed and this year is set to see the release of a new monetary system that aims to change the way people see and use gold, Kinesis Money. So perhaps, it is time to return to the gold standard, digitally. Any opinions, news, research, analyses, prices or other information contained in this article is provided as general market commentary and does not constitute legal, tax, accounting or investment advice.

Zubair Bukhari
Zubair Bukhari

20/02/2019

What is a Fiat Currency & Fiat Money: Is it better than gold?

The value of fiat as a currency is underpinned by the strength of the government issuing it. As it is not backed by any physical goods, it lacks the strength typical for gold or silver-based currencies. The fiat definition states that all currencies whose values are not pinned by physical assets are categorised as fiat. Just like the US dollar, for instance, it doesn’t have any real asset like gold, silver, or some other physical commodity backing its value. However, it is backed by the government that issued it. Fiat money gains its value from the perception of the people on it. Say, $1.00 has the value of $1.00 because of its value printed on it, and the people trusts the authority of such print. That’s exactly how fiat money gains its value and acquire its purchasing powers at the same time. There are different currencies used all over the world in various countries, and there is a lot being used throughout history as well. These currencies can be classified into two major categories--commodity standard and legal tender. The best example of the former is the gold standard, while an example of the latter is the US dollar and most of the currencies nowadays. There’s an age-old debate that has been going on for so long, regarding which kind of currency is better. Some argue that traditional money is the best choice, while others advocate the gold standard. Knowing all the details will help you make a smart choice if you ever need to invest in such currencies. Production of Fiat MoneyFiat Money - ExampleGold Standard vs. FiatWhy is Fiat Different from Cryptocurrency?What Are The Advantages and Disadvantages of Fiat Money?Conclusion on FiatHow to Invest in Gold Production of Fiat Money Fiat is usually produced to deal with inflation, thus giving a government of a country good control over its economy. For instance, the US was once a country that used gold currency but switched to printed money to efficiently deal with economic depression. This is why paper money is associated with a better economic policy. Paper money is produced, when the government or its financial departments gives the signal to print out more cash. This is done to strike a balance of supply and demand for money in circulation, thus significantly controlling the price of goods on the market. To simply put it, prices will rise when the supply of cash runs low. However, it could be solved by printing more. But recklessly producing lots of paper money could potentially affect its value. This could possibly render it worthless in the long run. Needless to say, this could potentially harm the economy of a nation as well. Fiat Money - Example Since the 1930s, the United States cut its ties from the gold-backed currency. Back then, it was a method of keeping the country floating in the middle of a major economic depression. Other Western countries, especially those which pegs their value on the US dollar, followed suit and abandoned the gold standard. Decades later, the rest of the world followed as well, with the US dollar as the most prominent fiat money holding the global economy. Gold Standard vs. Fiat Gold standard or money backed by physical commodities bases its value on real assets like precious metals. For instance, one unit of it could cost the same as 1gm of gold, or costs 10gm of silver. Any government or entities that want to use gold-backed currencies need to have a huge gold reserve to back all the currency units they have. Basing on the example above, if a government gold reserve only has 1 billion grams of gold, then it could only produce 1 billion units. Unlike paper fiat - which can simply be printed - gold is also difficult to produce. For a gold currency to run efficiently, an entity managing it should mine, supply, and store gold efficiently. This often means an undeniably very expensive and difficult undertaking. This is one of the reasons why most governments don’t simply hop back to gold currencies and chose to stick with using printed money for their economic system. However, a new kind of asset has emerged a few years ago, and it quickly became a worldwide trend that is used on various transactions. Cryptocurrency, which is a type of virtual money that initially couldn’t be classified under legal tender or gold. Why is Fiat Different from Cryptocurrency? Cryptos could have huge differences from legal tender, but there is a significant common ground that both shares. These are assets that don’t have real physical asset backing them up, thus making cryptos a sort of a fiat cryptocurrency. Since Bitcoin was launched to the public, crypto has become a different classification of assets available on the market. It has even become a popular choice for various transaction all over the world, making investing in cryptos a good venture for many. Many compare cryptos to government-issued money, but the two are surely different in many ways. Some of their differences are: Fiat cash is centralized, while cryptos are not. This means that the government has full control over the former, while the latter have insufficient supervision and control from anyone. The blockchain is there to display all the transactions anyone has made over it.The controller of fiat, like the government, can easily pump more money into the circulation when necessary. On the other hand, cryptocurrencies have a limited number that even its developers couldn’t make more on demand.Due to its value that is dependent on its own quantity on the market, cryptos have a very high rate of volatility. Its value could easily rise or drop drastically in a snap, leaving investors off-guarded in many instances.Because of its high rate of volatility, many entities won’t accept cryptos in various transactions. Surrounded by uncertainty as to what its value will be the next day or even within an hour, use of it in any business can be detrimental.Cryptocurrencies can only exist on the virtual realm, while government money can exist as physical cash and on digital transactions. This enables anyone to use fiat money, regardless of them having access to digital accounts or not. Aside from the points mentioned above, cryptocurrencies are also considered mostly illegal to use in many countries. As a result, many companies, banks, governments and some other entities won’t accept cryptos as payment for transactions. The interesting part is, gold-backed cryptos are also on the rise, which makes regular cryptos definitely falling under fiat classification. These gold-backed cryptocurrencies are innovative solutions to various problems of fiat cryptos, like how gold-backed assets are said to have the potential of solving the issues of traditional money. What Are The Advantages and Disadvantages of Fiat Money? Now, you would probably like to know how it is better than the gold standard. Truth be told, both have their own share of pros and cons, with one being better than the other at certain angles. Advantages of Fiat Currency When favouring fiat money, one could perceive that the good control it can provide to the government is its best advantage. Through the Federal Reserve, it has even proven itself to help the United States to pass through the Great Depression of the early 1900s, helped make its economy steadfast through the decades, and has kept the country’s economy from collapsing during the depression of 2007, 2008 to 2009. Legal tender could be produced in large quantities, which is a critical tool for solving the demand for more money in economic circulation.Fiat doesn’t require demanding resources, cost, and labour to produce, unlike precious metals.Government issued money is also more convenient to distribute and use without too much hassle, especially because it can be used in digital forms. Still, in seeing the US dollar as an example, it has helped the country and, eventually, the world in significant ways. It aided the US government to cut its ties from the limited gold reserve.It has helped the USA to pass through economic depressions.It compelled many European countries to switch to fiat money as well.It has stabilised the world economy by making the US dollar a peg for many other national stores of value. Paper money has made wonders for the US, and eventually the entire world. But fiat has its share of flaws, which brings to the fore the concerns of advocates of the gold standard. Fiat currency disadvantages Albeit government-issued, fiat has done great stuff for the US and for the world. Regardless of its benefits, it has its own share of flaws that couldn’t be easily ignored. One of the biggest concerns is the diminishing value of any fiat money, which is the main reason why governments kept producing a new generation or new design of currencies every few years. But this could potentially be solved by investing in gold-backed assets like the gold-backed cryptos of Kinesis.Investing in real gold or in gold-backed assets can help in cushioning your money from the potential value collapse of any legal tender.Another relevant flaw of fiat money is on the production itself. Although it doesn’t require too many resources to produce, it still needs supplies like printing facilities.This begs the question of where the funds for such operations will be sourced? The government and banks can produce fiatAfter producing fiat money, distribution follows. This is done by lending it to individuals, organisations, businesses, and even to the government. In short, the notes on circulation nowadays likely came from bank loans or debts, giving them the power to initiate an economic problem when the loan is recalled. Thinking about this kind of collapse would probably push you to find some ways to protect your assets and properties from negative implications. Spread the risk by investing in gold-backed assets as one of the safest and most stable options. Conclusion on Fiat Paper money has perceived monetary advantages over gold-backed assets. Specifically, because it gives good economic control to the government. It could help in taming inflation, and provide enough supply of cash to the market. Moreover, fiat money is easier to distribute and use in daily transactions. It’s not that heavy compared to gold coins, and could exist both in physical and digital form. On the other hand, while the relatively easier production process of fiat money makes it a good asset for the government, the ability to print money out of thin air has consequences. In addition, the diminishing value of fiat, along with some other problems surrounding it, should not be underestimated. Because it is easy to control, some other entities could also manipulate its circulation which could lead to an economic disaster. That is why, despite fiat being better than gold in many ways, it is still important to invest in gold to help in cushioning your assets in case of unfavourable economic conditions. How to Invest in Gold In the current age of technology, the answer to this question is placed on the blockchain. Digitalising gold and silver revolutionises investing in gold online. With the looming possibility of traditional money failing, bespoke blockchain technology has been created. Kinesis, an innovatory monetary platform, is designed to make investing in gold much easier and far more efficient.Making gold run on the blockchain, makes the asset available for everyone. Kinesis gold (KAU) and silver (KAG) are 1:1 allocated digital currencies that have real gold or silver counterparts kept in secured reserve. As you make your investment, by purchasing Kinesis gold or silver, you become a legitimate owner of silver and gold bullion. This means that you now own real gold or silver, stored securely in Kinesis official reserve, in one of our vaults across the globe. Just like Kinesis, for instance, investing on 1 KAU means you can have 1gm of gold and investing on 1 KAG gives you 10gm of silver. You can opt to simply let Kinesis keep your precious metals, use KAG and KAU on your daily transactions, or claim your physical gold or silver from them. Since gold has a stable value throughout the years, you can expect it to help cushion you in the event of a dollar crash. The availability of it in the blockchain results in a far more convenient way of using gold as a tool for value transactions. To sum everything up, while fiat is taking the current economic control, gold-backed assets could help you secure a good future ahead. This makes it important to know about the monetary advantages of both, so you can maximise their value to your benefit. Learn more about cryptos in general and broaden your financial knowledge.

Zubair Bukhari
Zubair Bukhari

30/01/2019