FAQ – Investor

Sam Briggs

02/07/2021

General

What are Kinesis gold (KAU) and Kinesis silver (KAG)?

Kinesis gold (KAU) and Kinesis silver (KAG) are a 1:1 digital representation of fully allocated physical gold and silver bullion. 

Through combining precious metals with blockchain technology, KAU and KAG enable fully allocated gold and silver bullion to be instantly purchased, traded, spent and sent anywhere in the world.

For the full specifications of Kinesis gold and silver-based digital currencies, as well as the underlying bars, please visit our assets page – here.

How can I liquidate my gold, silver or crypto?

Kinesis offers users immediate liquidity of their physical gold and silver through a number of innovative access points, bypassing the inefficiencies of archaic industry infrastructure.

Kinesis users can simply trade their physical gold and silver for USD, EURO or GBP on the Kinesis Exchange, with a low trade execution fee of 0.22%. From there, Kinesis users are able to withdraw funds to a registered bank account.

The Kinesis VISA card presents Kinesis users worldwide with an avenue of instant liquidity, enabling cardholders to spend physical gold and silver for everyday payments. Kinesis cardholders eliminate the minimum requirements, high costs, and inefficiencies from withdrawing, and spending, physical gold and silver bullion.

Can I make a deposit of my personally held physical bullion into the Kinesis vaults?

If you have eligible* existing bullion holdings, held at an ABX approved location, you can bring that bullion into our vaults and exchange that physical metal for Kinesis gold and silver-based digital currencies. We call this process Exchange Physical for Digital (EPD). 

 *subject to conditions within the ABX Quality Assurance Framework

For more information, visit our EPD page – here.


Trust and security

How do I know my gold and silver is in the vaults?

With over 10 years’ experience in the precious metals industry, we understand the necessary assurance only complete transparency provides. All gold and silver bullion held by Kinesis undergoes independent, third-party audits, twice a year.

We employ the world-class independent audit and inspection specialist, Inspectorate International, a Bureau Veritas company, to conduct regular, independent, physical audits of all gold and silver within the Kinesis vaults. 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

Currencies

What currencies are supported on the Kinesis Money platform?

You can currently purchase Kinesis gold (KAU) and Kinesis silver (KAG) with US Dollar, Euro and British Pound. 

Which currencies can I deposit with?

Our multi-currency deposit feature enables Kinesis users to deposit a broad range of global currencies into their Kinesis Money account for instant conversion into US dollar. A favourable exchange rate is applied to the conversion, across all currencies.

Our multi-currency deposit supports the following currencies:

US dollar (USD), Singapore Dollar (SGD), Japanese Yen (JPY), Euro (EUR), Australian dollar (AUD), Hong Kong dollar (HKD), Great British Pound (GBP), Canadian dollar (CAD), Swiss franc (CHF), New Zealand dollar (NZD), Chinese Yuan (CNH).

Users can access Multi-Currency deposits through the Kinesis Money desktop interface. 

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