FAQ – Gold and Silver
Gold and silver
How to buy digital gold?
With Kinesis, we’ve made it very straightforward for you to buy digitalised physical gold (KAU) and silver (KAG). From the main dashboard of your Kinesis account, you simply enter how much money you would like to spend or how much gold you would like to buy, and you can purchase gold or silver at the market price in a matter of seconds.
How do I know I’m getting a good price for gold and silver?
As we have vaults all over the world, Kinesis is able to offer you the best price selected from all the major trading hubs around the world. For this reason, Kinesis is able to offer prices among the best for physical gold and silver, globally.
How to invest in gold and silver
You just need to sign up for a Kinesis Money account to purchase gold and silver through our platform. If you wish to trade cryptocurrency for Kinesis gold and silver, it’s not necessary for you to verify your ID.
You can either purchase precious metals through the easy-to-use widget on the main Kinesis Money dashboard or the Kinesis Exchange, a world-class precious metals trading platform.
Kinesis has made investing in fully allocated physical gold and silver very simple, cost-effective and uniquely profitable. When you invest in precious metals with Kinesis, you receive a passive yield on physical gold and silver bullion, securely stored across multiple vaults globally, without charge.
How to trade gold and silver?
There are two different kinds of orders to trade gold (KAU) and silver (KAG) on the Kinesis Exchange.
When trading gold and silver, you have the option to choose between a market order or limit order as per your preference.
A market order allows you to instantly buy or sell precious metals at the current market price.
A limit order allows you to set the price at which you wish to buy or sell KAU or KAG. The trade will only be executed when the market price corresponds with your chosen price. Limit orders effectively allow you to trade automatically, entering and exiting markets at the price you wish.
How does a yield on gold and silver work?
The Holder’s yield is a passive yield earned on every single gram of gold (KAU) and silver (KAG) held with Kinesis. The yield will be paid monthly in gold and silver for as long as you hold your precious metals with us.
The Holder’s yield is calculated from a 15% share of Kinesis’ global transaction fee revenue, distributed among all the KAU and KAG holders in the Kinesis system.
To find out how it all works, visit our yields page – here.
Trust and security
How do I know my gold and silver is in the vaults?
All gold and silver bullion held by Kinesis undergoes independent, third-party audits, twice a year. With over 10 years’ experience in the precious metals industry, we understand the necessary assurance only complete transparency provides.
We employ the world-class independent audit and inspection specialist, Inspectorate International, a Bureau Veritas company, to conduct regular, independent, physical audits of all bullion underpinning Kinesis gold and silver-based digital currencies. The quantity of gold and silver held in our vaults is checked against the record of all KAU and KAG in circulation, stored on our blockchain.
Regular independent audits verify that every KAU and KAG within the Kinesis monetary system is based on an exact 1:1 allocated quantity of gold and silver bullion. Additionally, independent auditors perform a series of assessments to ensure the weight and fineness of the bullion is as stated, and the quality of the storage is satisfactory.
The results of all of our audits are publicly available – here.
How is Kinesis able to offer free storage on fully allocated gold and silver?
We are able to offer Kinesis users chargeless storage on their precious metals holdings, by utilising the robust vaulting network of ABX. Additionally, a share of Kinesis global transaction fee revenue is allocated to covering vaulting costs.
Can I redeem my gold and silver? What are the costs?
All Kinesis gold and silver holdings are fully redeemable.
Kinesis and ABX understand the absolute necessity of physical redemption in gold and silver provision. As a matter of imperative assurance, Kinesis offers physical redemption on all precious metals behind your gold and silver-based digital currencies.
Kinesis currency holders are fully entitled to redeem the underlying bullion the Kinesis gold (KAU) & KAG (Kinesis silver) are based on, subject to withdrawal fees and minimum withdrawal requirements. The redemption cost and minimum withdrawal requirements of Kinesis are among the lowest in the industry.
Kinesis enables users to redeem as little as 100 grams of gold or 200 ounces of silver, with a fee of 0.45% + $100 USD + delivery costs.
We provide redemption of the underlying bullion through our logistic partners Loomis, Brinks and Malca-Amit.
Redemption is available from the Settings tab of your Kinesis Money account.
Why should I trust Kinesis?
Kinesis was founded by Allocated Bullion Exchange (ABX), a leading institutional exchange with 10 years’ experience trading fully allocated precious metals globally. ABX is a public company with an outstanding reputation in the precious metals space.
Founded in 2011, ABX brings its extensive vaulting network and precious metals trading experience to the operation of Kinesis and the secure, transparent custody of all gold and silver bullion holdings.
Kinesis guarantees the highest-grade security of your precious metals, through world-renowned vaulting partners; Loomis Zurich, OZL Liechtenstein and Brinks.
For a detailed breakdown of Kinesis gold and silver holdings, see our Trust and Security page – here.
Visit our Trustpilot page to see what our users think of Kinesis Money – here.