Natalie Laz

23rd March 2021

Watch WallStreetSilver Interview with Kinesis CEO Thomas Coughlin.

The Kinesis CEO answers the most common questions asked by the WallStreetSilver Reddit Community.


Is there is any other way to go, but gold and silver backed currency? Watch the interview to learn how Kinesis’ vision aligns with WallStreetSilver’s mission:

  • A brief explanation of the Kinesis Monetary System: 1:30
  • How do we know funds in Kinesis are backed by physical silver: 7:30
  • How can I be sure my gold and silver is stored in Kinesis vaults: 13:30
  • How can Kinesis reward its users with recurring yields: 23:25
  • Can users transfer and receive crypto from other sources: 25:55
  • What Makes Kinesis Money auditors trustworthy and reliable: 32:30
  • How is Kinesis bullion sourced? Is local delivery possible: 35:21
  • How easy it is to move assets across countries with Kinesis: 54:30

In this video, Kinesis CEO, Thomas Coughlin is interviewed by Lee Justo and Jim Lewis from the Wall Street Silver community. They are accompanied by the movement leader, Ivan Bayoukhi. Thomas explains why he has donated 2000 ounces of silver ($53 000) to the Wall Street Silver group and why he believes it is Kinesis’ moral obligation to support the WSS in popularising physical silver and gold as everyday currencies.

What is the KAG and KAU connection to the physical silver and gold?

Inspired by the evolution of blockchain technology and the decentralised ledger system, Thomas has no doubt that “it is a natural progression to monetise silver and gold as well”.

Thomas Coughlin explains how digitalising physical silver and gold opens up their accessibility, while allowing people to access an incredible store of value. As Kinesis believes that silver and gold should be money, it has digitalised them. Through backing KAG and KAU with 1:1 allocated physical precious metals, Kinesis has effectively created a closed-loop monetary system. As a result, Kinesis provides banking utility, which enables stacking, sending, trading, and spending of physical silver and gold, via the Kinesis VISA card.

In a question from Jim Lewis, Thomas explains how Kinesis rewards users with recurring yields from the Master Fee Pool. At the end of each month, Kinesis redistributes a collective pool of wealth, accrued from global transaction fee revenue, back to users. As Thomas points out, every transaction within the Kinesis monetary system is beneficial for its users, with yields paid in KAG or KAU as a reward for participation.

Thomas further explains that “Kinesis KAU & KAG are not cryptocurrencies. Instead, Kinesis uses blockchain as a decentralised registry for the allocated precious metal, bringing a digital level of quality assurance and enabling high liquidity, by facilitating transfers peer-to-peer”.

How can I be certain that my physical silver is securely stored in the Kinesis vaults?

Thomas addresses the aspect of security and trust within Kinesis, as well as the institutional heritage of the Allocated Bullion Exchange (ABX). The Kinesis CEO thoroughly explains the involvement of the independent audit and inspection specialist, Inspectorate International, a Bureau Veritas company and the Quality and Assurance Framework, according to which audits are coordinated globally on a semi-annual basis.

Allocating physical metals 1:1 is the legal obligation of Kinesis Money. Thomas describes how Kinesis ensures exceptionally low redemption fees for its users. As an example, Wall Street Silver member, Jim Forsythe, recently redeemed 200 oz physical silver (200 KAG) from the Kinesis vault in New York. The total cost for redemption, including delivery, worked out as 8.17% above the spot price. View his meticulously documented due diligence post here.

Thomas also explains the benefits of portfolio diversification and securing holdings in a multitude of ways. Stacking silver both physically and digitally, through a platform like Kinesis, enables liquidity, but also allows for taking advantage of the yield system and extremely tight spreads on the Kinesis Exchange.

Thomas Coughlin’s parting thought:

Kinesis took the greatest store of value and married it up against a highly efficient new age technology, to facilitate an effective medium of exchange, adding the yield component to supercharge the monetary system.

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.

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