An alternative option for investors is Kinesis Money, a platform operating outside traditional banking. It offers fully allocated ownership of gold and silver, which can be instantly traded and spent via blockchain technology. Through a desktop and mobile application, Kinesis provides an avenue to buy and sell physical gold using the U.S. dollar, the euro, the Swiss franc, and other currencies on the platform.
Gold (KAU) is fully insured and independently audited gold stored in vaults across multiple regions. 1 KAU represents full title ownership of one gram of gold bullion. All trading is conducted through Kinesis’s proprietary platform, requiring you to open a free Kinesis account to purchase KAU.
Kinesis Money also offers Silver (KAG), which represents ownership of one ounce of silver bullion, equal to 31.2 grams. Through regional card programs, Kinesis provides real-world utility to the gold and silver in your Kinesis Money account, enabling you to make purchases with your precious metals holdings. As you make a card purchase for something priced in dollars, your gold (KAU) will be converted into dollars to fund the transaction at the moment of purchase.
Additionally, Kinesis Money redistributes a share of global transaction fee revenue back to users each month as yields. In this way, users earn a passive yield on their precious metals holdings. The yield model has been active since July 2021, with over $13M paid out to users to date.
One of the appealing aspects of Kinesis Money is that, in contrast to Sprott Physical Gold Trust or owning physical bullion, you don’t need to invest a boatload of money upfront. Regarding physical redemption, Sprott Physical Gold Trust (PHYS) has a minimum withdrawal amount of one full-sized London Good Delivery bar, which weighs about 400 troy ounces. Redemption amounts lower than that will be honored in cash rather than gold. Thus, while PHYS is fully backed by allocated gold, converting your shares into physical gold is not easy.
Kinesis Money offers far more ease in redemption and usability. It enables users to redeem as little as 100 grams of gold or 200 ounces of silver for a flat, modest fee.
Kinesis Money presents an intriguing option, letting you store metals with instant access via card – while simultaneously earning a yield on your holdings, overcoming many of the historic drawbacks of precious metals investment. One of the backers of Kinesis is Andrew Maguire, one of the best-respected individuals in the precious metals space. Maguire, who is British, has advised the highest levels of the British government on issues involving gold trading. Additionally, Kinesis was founded by Allocated Bullion Exchange (ABX), a leading institutional exchange with over 10 years of experience trading fully allocated precious metals globally. ABX is a public company with an outstanding reputation in the precious metals space.
Want to learn more about Kinesis Money? Follow the link!
https://go.kinesis.money/l/563572/2024-07-17/39tbpk
Physical Gold Ownership As A Hedge
One serious issue with owning physical bullion in the United States is potential confiscation by the government. Many Americans are unaware that gold was confiscated in the 1930s, and it could certainly happen again. I know this seems far-fetched, but my main concern is to warn investors to ensure the gold they own isn’t at risk of confiscation.
For example, options like Sprott Physical Gold Trust (PHYS) are based in Canada and give you ownership of physical gold, presumably safer than investing in a U.S.-based vehicle. This example serves as a low-risk hedge.
Over the years, I have consistently urged investors to ensure that gold, in some form or another, is part of their investment portfolio.
Traditionally, we tended to treat gold more like a hedge, an investment to protect you against unforeseen economic events that might rock financial markets. Gold still works as a hedge against both inflation and deflation.
However, in a world with rapidly shifting geopolitical tides, there’s reason to believe gold will assume a new role that could send it soaring. Several noticeable geopolitical shifts are underway, paving a new era for gold in the financial landscape.
BRICS Nations Develop New Gold-backed Currency
With an expanding BRICS+ testing a new reserve currency rivaling the dollar, the indications are that such a currency would be tradeable via blockchain technology, likely backed by gold and a basket of commodities.
Additionally, recent moves by OPEC+ suggest these developments may occur sooner rather than later. I expect geopolitical factors around the U.S. dollar to propel gold considerably higher. When the demand for the dollar weakens, it will rock the American economy. In other words, don’t wait too long if you don’t already own some gold. Regarding the best ways to invest in gold, investors might want to consider Kinesis Money or Sprott (PHYS) as alternative investment vehicles.
