Kinesis is pleased to announce that we have passed the Q1 2024 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.<\/p>\n\n\n\n
The independent audit provides community members with verification that all Kinesis gold (KAU<\/a>) and silver (KAG<\/a>) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion. <\/p>\n\n\n\n The Q1 2024 audit is available to view on our website here<\/a>. <\/p>\n\n\n\n On the 12th of January 2024, Kinesis\u2019 strategic partner, Allocated Bullion Exchange (ABX<\/a>), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman. <\/p>\n\n\n\n The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX\u2019s global vaulting network between the 16th and 19th of January 2024.<\/p>\n\n\n\n At the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:<\/p>\n\n\n\n KAU: 1,324,238.381 (as of ledger number 29774013, Fri, 12 Jan 2024) <\/strong><\/p>\n\n\n\n KAG: 3,559,283.245 (as of ledger number 29821297, Fri, 12 Jan 2024)<\/strong><\/p>\n\n\n\n All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here<\/a>. The Kinesis blockchain<\/a> maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.\u00a0<\/em><\/p>\n\n\n\n The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Friday, 12th January 2024.<\/p>\n\n\n\n Gold (9999 fine equivalent): 1,326,238.381g<\/strong><\/p>\n\n\n\n Silver (999 fine equivalent): 3,564,275.716ozt<\/strong><\/p>\n\n\n\n Inspectorate International\u2019s independent report confirmed that Kinesis\u2019 precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.<\/p>\n\n\n\n It should be noted that Kinesis carries an additional 2 x 1kg 9999 gold bars and 5 x ~1000ozt 999 silver bars as reserve, which is reflected in the total metal holdings.<\/p>\n\n\n\n The completion of Kinesis\u2019 Q1 2024 audit provides the community with absolute reassurance that their gold and silver holdings are in safe hands. <\/p>\n\n\n\n Kinesis will continue to deliver the quarterly audit structure throughout the year, upholding the highest standard of security and transparency for the community.<\/p>\n\n\n\nQ1 2024 Quarterly Audit<\/h2>\n\n\n\n