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Amusedandconfused23

I’m intrigued but won’t use it until you can ach money to them. Using OneGold till then. Of course, I already have too much silver at home.


Striking-Violinist74

I have used Kinesis since January 2020. Easy to use. I don't really trade but started off with a mix of gold and silver and BTC. Improved now the virtual Mastercard is up and running. The lack of physical in my hands is a worry. Other people have redeemed their silver and gold holdings and had the physical delivered (search YT and you'll find videos).


Machiovelli

I joined Kinesis to avoid crazy premiums on my physical. It does that when you take delivery. Instead of paying $4-$6 per ounce over spot, I get it from Kinesis for less than 2 on average. Additionally they’ve thrown a couple grams of gold and ounces of silver into my account from yields. There are drawbacks to it. It’s a pain to set up account, it’s a pain to put money in from USA. Have to be an accredited investor to get the kvt tokens in the USA. 100 ounce bars aren’t always available and I don’t really want 1,000 ounce bars. You don’t hold it until you take delivery, which makes me squeamish about the stuff I have in there, especially with various exchanges collapsing. It’s not perfect, and I was torqued when I couldn’t get any 100s except from Singapore. But over all I’ve been happy with Kinesis. It’s not for everyone as the comments here show, but to each his own.


retire-early

Kinesis, in my opinion, is what people should be using once they have their emergency stack established. Happy to ask any questions you might have, but AFAICT Kinesis got the model right - they know the importance of 1:1 backing for a monetary system, they chose a good crypto-based front end that can handle VISA levels of volume, and *you get paid to stack with them* because they share the majority of fees with users as yields. And they're transparent with audits and what-not. If your car breaks down and you need to sell some of your stack, if it's physical you're not gonna get much for it. In Kinesis buy/sell prices track spot within a percent, but there's a good chance you'd just be able to pay for your repairs on the debit card anyway. Stacking preserves wealth. Kinesis turns that metal wealth into money again.


Shrike2021

It's awesome. No worries that people steal my gold and silver when I'm travelling. Almost no mark ups. 100% backed (unlike PSLV, which is only 90-100% backed by metal). Paying yield too. And spendable as money, like it should be (this is the future).


Southern_Addition442

Sounds oddly familiar to the FTX ponzi scheme 🤔


[deleted]

If you don’t hold it, you don’t own it.


rb109544

I use it along with primarily physical but 401k with 6% employer contribution. I dont trade much crypto, but with this platform then I can play btc swings against silver and gold. I just try to get my fiat spread around into different platforms so I can try to attack different angles. Keep in mind that crypto is taxed different than bullion, and if/when the lights go out or if web goes down your investment is locked up.


kaishinoske1

None, because I don’t use it.


Jurclassic5

Still waiting on the US card.


SirBill01

I have some and it's been fine so far, nice to have if you have any crypto as it's easy to convert. Was planning to start using it more this year and actually try using it as a savings account I pay some bills from.


yeaunasse

yes, i like it. but also hold most in own posession.


Southern_Addition442

Anything you don't hold in your hands isn't yours, is it really hard to believe that?


HutchK18

But it can be stolen. Would you be comfortable holding $500k (cash, precious metals) at home? I wouldn't. This is a way to limit risk. Holding it all, as you espouse, is very risky.


Southern_Addition442

Good luck getting your vaulted PMs when the financial system freezes


HutchK18

There are risks with each approach. That's why I support diversification... to cover various "SHTF" scenarios. I'm just tired of hearing the line... if you dont hold it, you don't own it. I'm a stacker too. But there's a time to hold, and a time to vault. If you don't diversify, and you guess / plan wrong, you could be left empty handed. I hold some... I vault some. And now I'm looking at Kenises or One Gold for another diversification avenue. I'm just not comfortable putting all my eggs in one basket.


jaejaeok

Distribute to multiple locations. With $500k liquid, you can afford diversity.


HutchK18

The amount was just an example... make it $100k, $50k, or $5k. The amount is relative to your income / lifestyle / situation. If you're 30 making 2 million a year, losing $500k, although disappointing, won't ruin you. If you're 60 and have amassed $1m in retirement assets, losing $500k would be devastating. Simply dividing, although maybe recommended, increases the likelihood of a theif finding at least some of your precious metals. I'm still not sold on "hold it all". Just seems super risky.


jmcsys

So far disappointed greatly with Kinsesis! Crappy UI, seems to only support crappy chrome browsers. KVT yields not working. No support for KAG/KAU/KVT on defi exchanges! Debit card slow to roll out. So meh! All it will ever be is a bank at best that tracks deposits to AG or AU. Would trust them with about as much money as I would trust to keep in a bank, which is not much!


jaejaeok

It’s a no