sixgun

@rob6 sent this 1kg cast Perth Mint over
 
                  

The Palladium is a theatre in the West End of London.

@rob6 sent this 1kg cast Perth Mint over
 
                  

i think the OP was quite inexperienced and was panicked by media hysteria relating to Brexit. i am sure he is regretting his decision to sell, to sell to a dealer and to post what he had done on the silver forum.

i think the OP was quite inexperienced and was panicked by media hysteria relating to Brexit. i am sure he is regretting his decision to sell, to sell to a dealer and to post what he had done on the silver forum.

The top of the cup is around the $1350 level - then a pull back if we are to see the cup and handle and then the push on up from there.
There is a good deal of chart resistance at the $1350 level, so a pull back seems likely. Then another run up and through the resistance so completely the cup and handle.
 
 
http://www.newtraderu.com/2012/08/20/why-the-cup-handle-chart-pattern-works/

@rob6 sent this 1kg cast Perth Mint over
 
                  

Kinesis and Tether were compared b/c Tether is a good sized crypto which is backed (by the USD). Tether is being used as a means of exchange currency rather than a speculate investment like BTC. So a reasonable comparative would be Tether rather than BTC. The KAU and KAG coins are intended as everyday money (like Tether). Compare like with like as much as you can.
The KVT is not the coins. In 6 months time say, you could be minting, selling, spending, sending and trading - whatever you like with the Kinesis coins and never have even heard of a KVT. Accepted that is unlikely but you won't need to hold KVT's or know what they are.
Neither of us know how Tether raised the cash to kick start Tether but that doesn't stop us using it. i agree if KVT's were a lot cheaper to buy, then more people would buy and it would in the beginning encourage more people to use the coins. This is a decision Kinesis has made to keep launch costs down.
You could sell your KAU's on the exchange and your gold is sold with the click of a mouse. Do a cash transfer and you are out. 
Your house isn't a secure vault. There are no armchairs for rings to go down the back of. The audit process is part of the logging in and out of gold/silver from the vaults. This is one of those question about a theoretically possible situation that doesn't happen. It would imply that KAU's were redeemed - say 20kg of gold and a larger amount was handed back. This is an issue with a bank - i come to withdraw $20 000 and they mistakenly give me $25 000. It never happened to me. Does it ever happen? it could do but gold bars more unlikely.
Kinesis is not for everyone. Not having the resources is not the same as being put off by complexity. Using a crypto wallet is a bit daunting before you start. Using an ATM machine is a bit daunting in the beginning. Kinesis can work with other currencies. If you don't want to use Kinesis that's fine but it doesn't stop me using my Kinesis to pay you in AUD.
Yes dollar prices of gold have moved quite a bit over the decades. It is not like crypto which is volatile. And gold is at all time highs against the AUD. All fiat is guaranteed to go to zero. i would prefer my value in precious metal. It can pretty much be guaranteed not to go to zero. The other currencies fluctuate, the charts will show you how much. The main fluctuation is they all move down. They are all going to zero in the end.
This is something i have not taken any interest in. i will be spending Kinesis coins, selling those i get from the KVT and then using the USD to buy more gold/silver to mint. If the cryptocurrency market livens up i might get involved with BTC/ETH. Generally i will be staying out of fiat as much as reasonable. Kinesis will be holding some actual physical cash in some fiat currencies. i am not sure why but they will have their reasons.
The point was, any system can be attacked. i think you believe Kinesis is a threat to dollar hegemony and b/c of that it has a big target on its back. Well for Kinesis to be a threat to USD hegemony then you are saying you believe it will be a massive success. Perhaps you should buy a KVT. 😎

Kinesis and Tether were compared b/c Tether is a good sized crypto which is backed (by the USD). Tether is being used as a means of exchange currency rather than a speculate investment like BTC. So a reasonable comparative would be Tether rather than BTC. The KAU and KAG coins are intended as everyday money (like Tether). Compare like with like as much as you can.
The KVT is not the coins. In 6 months time say, you could be minting, selling, spending, sending and trading - whatever you like with the Kinesis coins and never have even heard of a KVT. Accepted that is unlikely but you won't need to hold KVT's or know what they are.
Neither of us know how Tether raised the cash to kick start Tether but that doesn't stop us using it. i agree if KVT's were a lot cheaper to buy, then more people would buy and it would in the beginning encourage more people to use the coins. This is a decision Kinesis has made to keep launch costs down.
You could sell your KAU's on the exchange and your gold is sold with the click of a mouse. Do a cash transfer and you are out. 
Your house isn't a secure vault. There are no armchairs for rings to go down the back of. The audit process is part of the logging in and out of gold/silver from the vaults. This is one of those question about a theoretically possible situation that doesn't happen. It would imply that KAU's were redeemed - say 20kg of gold and a larger amount was handed back. This is an issue with a bank - i come to withdraw $20 000 and they mistakenly give me $25 000. It never happened to me. Does it ever happen? it could do but gold bars more unlikely.
Kinesis is not for everyone. Not having the resources is not the same as being put off by complexity. Using a crypto wallet is a bit daunting before you start. Using an ATM machine is a bit daunting in the beginning. Kinesis can work with other currencies. If you don't want to use Kinesis that's fine but it doesn't stop me using my Kinesis to pay you in AUD.
Yes dollar prices of gold have moved quite a bit over the decades. It is not like crypto which is volatile. And gold is at all time highs against the AUD. All fiat is guaranteed to go to zero. i would prefer my value in precious metal. It can pretty much be guaranteed not to go to zero. The other currencies fluctuate, the charts will show you how much. The main fluctuation is they all move down. They are all going to zero in the end.
This is something i have not taken any interest in. i will be spending Kinesis coins, selling those i get from the KVT and then using the USD to buy more gold/silver to mint. If the cryptocurrency market livens up i might get involved with BTC/ETH. Generally i will be staying out of fiat as much as reasonable. Kinesis will be holding some actual physical cash in some fiat currencies. i am not sure why but they will have their reasons.
The point was, any system can be attacked. i think you believe Kinesis is a threat to dollar hegemony and b/c of that it has a big target on its back. Well for Kinesis to be a threat to USD hegemony then you are saying you believe it will be a massive success. Perhaps you should buy a KVT. 😎

I don't know what Tether did. Why does it matter what the 'Tether Velocity Token' was sold for, if it existed? The reason for the high price of the KVT is to cut  expenses. Doing Know Your Customer checks costs the same however much an investor puts in, so Kinesis has cut out those unable or unwilling to put $1000 into the system.
For small amounts of Kinesis you don't get to choose, but at the same time it may depend on how you got to have Kinesis coins. i bought 100g of gold at the Dubai hub. i will mint 100 KAU coins using that. Once i sell them, they are sold into the system. For me if you have enough cash to buy 100g gold and you want coins, then you should buy the gold in one of the vaults and mint with that.
Well the issue of a large discrepancy applies to anything. What if you buy SLV shares and it turns out there isn't any silver, what if your safe deposit in the bank is magically emptied and so on. To imagine this large discrepancy occurs due to a fault on the Kinesis side implies someone from Kinesis went in and took a large amount of gold out - stole it. So the question would be, is that possible? i cannot see Brinks allowing that in a hurry but stuff happens. Can a bank clerk go into the bank vault and steal $1 million? Are there security systems in place to prevent this? i would expect so, as i say i cannot see Brinks allowing this to happen - it is their reputation on the line.
As i said it may not be for everyone. If this employee is living hand to mouth due to you paying them subsistence wages then Kinesis isn't for them. Why would you impose payment with KAU/KAG? You offer this option - maybe you offer to pay 10%, 5% or whatever and then employees can save in gold coins which they can spend in the future if they decide. You get to mint some coins and they get to save in gold - but not have it locked up and difficult to sell if they need.
The sender pays the fee, not those receiving the coins so employees don't lose 0.45% straight up.
You have decided it is dead in the water - so that's it for you but as i said if you are an employer and you are seriously considering this, you should contact Kinesis.
info@kinesis.money
Why as the State Post Office of a Muslim country would i want to use Tether over a Sharia compliant gold and silver system? From my impression Indonesia is not pro-US - they will embrace a system using God's money.
The point of adding this 'extra' layer of complexity is you can get your value into gold and silver and out of the fiat system. If you interact with someone who does not take KAU/KAG, then you can convert the gold/silver on the spot through your debit card. It is like, why get paid and hold in CHF (Swiss franc) if you mainly spend in USD? Why bother with extra complexity? Because i would like to hold my value in a stable currency up to the point i spend it. 
If you are spending all your money instantly then perhaps Kinesis is not for you. Personally i will be getting income from KVT's. Say i get 534 KAU in a particular month - just a made up number. i can sell 500 KAU and then buy 500g of gold which i then use to mint more coins. The remaining 34 KAU is 76 short of the necessary number to mint, but i can put my day-to-day money in to make the 34KAU up to enough to buy another 100g of and then mint with that. i can keep cycling round, minting until i need to spend those KAU on bills. This way i use my cash which might be sitting in the bank making nothing, to mint coins which i will get a 'Royalty' from. Perhaps i can mint a few times before i need this cash. It does mean you need to a certain amount of resources but if you have those, use them to your advantage and not let the banks use your value for their advantage. Kinesis may not suit everyone but i am not concerned about everyone.
Gold took 8 years to move from $400 to $1800.
You don't need to think gold and silver are going to the Moon to use Kinesis. Personally i hope precious metals stay low for as long as possible. You will find many here want precious metals to stay low for as long as possible. If prices stay lower, i will be able to mint more coins and so generate a very large number and create a big income stream for the future.
Tether claims to be backed by USD and will always be worth $1 - so it will always be going down in value due to inflation. Tether has failed to provide the audit to substantiate the financial reserves to prove it is fully backed. i would not be surprised if Tether is not fully backed - that the cash, what there is, is elsewhere and tied up. i do not know but i expect there are many layers of third party risk in Tether. The Feds are investigating regarding its use to manipulate BTC. 
Tether is very stable compared to BTC and LTC and so on - the latter are way too volatile to use as an everyday currency, at least at the moment they are. So Tether then looks a good choice for an everyday crypto. It is the USD made crypto. What you are doing however is buying into the current dollar paradigm. If you are concerned about fiat currency down the road, Tether is not the place to be.
The system primarily works on the blockchain, so if Kinesis is going to be attacked then why not all blockchain? Any system can be attacked. You should withdraw all your cash and keep it under the mattress but then your house might burn down or be burgled. i would be more concerned about a bail in.

I don't know what Tether did. Why does it matter what the 'Tether Velocity Token' was sold for, if it existed? The reason for the high price of the KVT is to cut  expenses. Doing Know Your Customer checks costs the same however much an investor puts in, so Kinesis has cut out those unable or unwilling to put $1000 into the system.
For small amounts of Kinesis you don't get to choose, but at the same time it may depend on how you got to have Kinesis coins. i bought 100g of gold at the Dubai hub. i will mint 100 KAU coins using that. Once i sell them, they are sold into the system. For me if you have enough cash to buy 100g gold and you want coins, then you should buy the gold in one of the vaults and mint with that.
Well the issue of a large discrepancy applies to anything. What if you buy SLV shares and it turns out there isn't any silver, what if your safe deposit in the bank is magically emptied and so on. To imagine this large discrepancy occurs due to a fault on the Kinesis side implies someone from Kinesis went in and took a large amount of gold out - stole it. So the question would be, is that possible? i cannot see Brinks allowing that in a hurry but stuff happens. Can a bank clerk go into the bank vault and steal $1 million? Are there security systems in place to prevent this? i would expect so, as i say i cannot see Brinks allowing this to happen - it is their reputation on the line.
As i said it may not be for everyone. If this employee is living hand to mouth due to you paying them subsistence wages then Kinesis isn't for them. Why would you impose payment with KAU/KAG? You offer this option - maybe you offer to pay 10%, 5% or whatever and then employees can save in gold coins which they can spend in the future if they decide. You get to mint some coins and they get to save in gold - but not have it locked up and difficult to sell if they need.
The sender pays the fee, not those receiving the coins so employees don't lose 0.45% straight up.
You have decided it is dead in the water - so that's it for you but as i said if you are an employer and you are seriously considering this, you should contact Kinesis.
info@kinesis.money
Why as the State Post Office of a Muslim country would i want to use Tether over a Sharia compliant gold and silver system? From my impression Indonesia is not pro-US - they will embrace a system using God's money.
The point of adding this 'extra' layer of complexity is you can get your value into gold and silver and out of the fiat system. If you interact with someone who does not take KAU/KAG, then you can convert the gold/silver on the spot through your debit card. It is like, why get paid and hold in CHF (Swiss franc) if you mainly spend in USD? Why bother with extra complexity? Because i would like to hold my value in a stable currency up to the point i spend it. 
If you are spending all your money instantly then perhaps Kinesis is not for you. Personally i will be getting income from KVT's. Say i get 534 KAU in a particular month - just a made up number. i can sell 500 KAU and then buy 500g of gold which i then use to mint more coins. The remaining 34 KAU is 76 short of the necessary number to mint, but i can put my day-to-day money in to make the 34KAU up to enough to buy another 100g of and then mint with that. i can keep cycling round, minting until i need to spend those KAU on bills. This way i use my cash which might be sitting in the bank making nothing, to mint coins which i will get a 'Royalty' from. Perhaps i can mint a few times before i need this cash. It does mean you need to a certain amount of resources but if you have those, use them to your advantage and not let the banks use your value for their advantage. Kinesis may not suit everyone but i am not concerned about everyone.
Gold took 8 years to move from $400 to $1800.
You don't need to think gold and silver are going to the Moon to use Kinesis. Personally i hope precious metals stay low for as long as possible. You will find many here want precious metals to stay low for as long as possible. If prices stay lower, i will be able to mint more coins and so generate a very large number and create a big income stream for the future.
Tether claims to be backed by USD and will always be worth $1 - so it will always be going down in value due to inflation. Tether has failed to provide the audit to substantiate the financial reserves to prove it is fully backed. i would not be surprised if Tether is not fully backed - that the cash, what there is, is elsewhere and tied up. i do not know but i expect there are many layers of third party risk in Tether. The Feds are investigating regarding its use to manipulate BTC. 
Tether is very stable compared to BTC and LTC and so on - the latter are way too volatile to use as an everyday currency, at least at the moment they are. So Tether then looks a good choice for an everyday crypto. It is the USD made crypto. What you are doing however is buying into the current dollar paradigm. If you are concerned about fiat currency down the road, Tether is not the place to be.
The system primarily works on the blockchain, so if Kinesis is going to be attacked then why not all blockchain? Any system can be attacked. You should withdraw all your cash and keep it under the mattress but then your house might burn down or be burgled. i would be more concerned about a bail in.

Another chunky 1970's ingot from Great Western Coin & Bullion of Modesto, California.

Currently 60 648 KVT's have been sold. i bought some KVT's when they first went on sale almost a year ago. So Kinesis has raised over $60 million. As far as i know this is the biggest initial offer there has ever been. The topic of KVT sales was touched upon in the last video i posted. Tom Coughlin brought it up. He seemed to suggest 'people' had (negatively) commented on the number of sales and i know this has been covered a few times before. The price of one KVT is high - as initial offerings go, it is very high. This means some people cannot afford to buy one, they are not prepared to take the risk, they are not sufficiently interested.......... Tom said the high price was deliberate b/c they have to do KYC (Know Your Customer). There is a cost in this and if tokens were $5 each and there were lots of applications for the KVT's, then Kinesis could end up processing lots of applications, createing lots of costs and raising less money. So the price was set high.
The issue of larger organisations was also covered. i can see in the responses of those with Kinesis and their body language those in charge are reluctant to sell big tranches of KVT's to a small number of investors. They feel it would put influence in the hands of a small number. For some time they have said they have enough cash to launch and develop Kinesis. Obviously more cash means they can do more but they have enough. So there is no necessity to do heavy advertising and there has not been much. There have been a very few paid video interviews and King World News does a promo. Not much, one might say next to none. It has been word of mouth.
So i am not sure how many they will sell to bigger organisations or what the distribution will be amongst bigger buyers. The message i get is there are willing big buyers but as Kinesis has enough cash and is busy making deals and developing the network, they don't seem to be in any rush. Any unsold KVT's will be held by the company and the income retained by Kinesis. There may well be future sales. i get the impression there will be some says at the end and or after the public sale is closed.
Yes it is complicated. The KVT's are easy. You buy them and then you get 20% of the top line income of Kinesis paid in Kinesis coins at the end of each month. i will be concentrating on this. As the coins appear i will be selling these on the exchange, pulling some cash out so as to get all the initial investment out so it is free money in the end and then using the remaining cash to mint more KC. I will then develop two income streams, one from the KVT's and the other from the coins i have minted.
So it is complicated - it might get even more complicated if other asset classes appear to back coins but that is Kinesis.
There are a lot of acronyms - you get used to these, i don't like them, i think the system is complicated enough without those to deal with. i don't like some of the language. It is an unnecessary language ecosystem 😀and i wonder who wrote it. i wonder if the abbreviations and flowery language haven't put some people off. i expect everything you mention here and the high price of the token has put a lot of people off. If i had been an advisor i would have cut all this sort of language out and perhaps cut the price of a KVT to $100.
To be honest i don't know what is in this category. They talk about strategic partnerships with exchanges and financial institutions. i would need to ask - and they might well not want to say as some of this is not coming out until they need to let out it.
i agree the returns are big. i know several ambassadors have done the number crunching and come up with similar and sometimes even bigger numbers. Now you could rightly say if the returns are not well founded they should not be making these projections - and i agree. i have done more than a double take on these. The way i see it, is several investors i know have crunched and recrunched the numbers and they work - personally i think, what if the return were level after the first year and 1/10th of the projected amount? So $270 a year. How is that? It's a 27% return. So how about level and 1/20th the return projected? 13.5% return and so on. Am i happy - i am happy, i wish it were more but i am happy.
As i see it the numbers have been crunched - the idea is sound - the people involved are sound - it is more than capable of working and even if it performs at a small fraction of the projected amounts i will get more money back and then it is free money.
The ABX has been running a precious metal bullion platform for several years. There are vaults in the various centres around the world. i have bought and sold bullion through the ABX using the Metaldesk platform which forms the basis of the Kinesis trading platform. i have never taken delivery. i have bought bullion in New York, Dubai, Hong Kong and Australia. Kinesis is in effect simply an extension of this.
i would recommend everyone has some bullion in hand. If you stored bullion in the Brinks vault in Hong Kong to keep it secure and outside the UK, i am pretty sure you would be storing it in the same vault Kinesis and the ABX is using in Hong Kong.
i agree there is the axiom that if you don't hold it you don't own it. You have to decide if you want to have (some) of your gold in someone else's vault. Usually you have to pay for this. With Kinesis the gold is 'working' there are no vaulting fees so you can get an income on top.
i have 100g of gold in the ABX system in Dubai at the moment. i have this much as it is the minimum to mint with. So when Kinesis kicks off and minting starts i will be able to get involved straight away. Then i will wait for the KVT income - pull some cash out and mint with the rest. i would hope to withdraw everything i put in and hold that myself as gold in hand and then mint with the KVT + minting income stream.
You have to decide for yourself. If you want to hold all your gold yourself then you can't get seriously involved in Kinesis. You might still use Kinesis as a currency system and not get so committed. It is up to you.
What i know is the gold/silver etc is third party audited. I don't know about a ' Certificate of Currency '.
Yes anyone wanting to receive Kinesis coins will need a Kinesis wallet. The same goes for BTC or LTC. The same goes for bank accounts. They need an account.
The Kinesis coins will appear in THEIR wallets. The employer will send the coins to the wallets. They can then spend, send, save, or sell these coins. What i have seen is it will be the same as online banking. You can use a url or app. You will log in - you see your Kinesis coins, crypto and fiat. You have your Kinesis debit card. You can spend, send, save or sell the KC. So you could spend the KC through your Kinesis card or exchange them in your wallet for AUD.
From the point of view of an employer it is great. If the payroll comes to $20 000 a month, then $20 000 of KC are minted and the employer will get the income stream from that many coins in future. Eventually this will mount up and offset the payroll bill.
If you are an employer and you are considering this you should speak to Kinesis for the details. It might not work for everyone you employ but the more coins you mint the more you can potentially make.
For a large proportion of the world Kinesis is very compelling as it is Sharia compliant. Kinesis has made some big inroads in Indonesia. Kinesis is courting Gulf Royalty. Gold, silver and Sharia compliance are very compelling to quite a few people on the planet. 
Probably most of the people in the US and UK have little idea where Indonesia is or much about it (Australia may be different). It has a huge population and on a completely unconnected video i watched yesterday it said Indonesia was the richest? Muslim country in the world, it has the biggest population. Many are unbanked and many work overseas and send money home. Kinesis and the Indonesian post office are in a deal to enable the transfer of 'money'. Many currently use Western Union. It works out more expensive for them - so a cheaper Sharia compliant money transfer system based on gold and silver through the local post office for unbanked people is pretty compelling.
More and more of the world is moving away from the USD. The majority of humanity sees gold and silver as true value and distrust or potentially hate the dollar system - if they can get into a gold currency they will.
We see currencies devaluing - we saw gold against the AUD at all time highs at the end of 2018 and isn't far off that now. Do you want to hold your value in AUD or in gold which is instantly convertible into AUD? There are plenty of currencies in a bad way - would you hold and take Kinesis or a currency going to zero?
You can have a drawer full of gold coins - great way to save your value but not easy to spend. With Kinesis you can hold more value in gold as you can spend it. So it can be a current and savings account. You cannot do that with any of the systems you mention. We are heading into turbulent times. If you are living hand to mouth perhaps it is not for you. i see people on the forum selling gold coins b/c their boiler blew up or their car is in for repair. They have to sell whole coins. They might not get the best price but they have to get the cash. Now what if their savings were in Kinesis gold coins? Now sweat. Pay the garage on the debit card.
i sell products on the internet. i use Paypal - it is something like 3.4% charges for me. i have to factor this into prices. If there were a cheaper way i would offer this. Under EU legislation you can't offer a lower price for using cash over a credit card - but i expect you could offer a lower price in Kinesis as it is a different currency.
There will be other advantages. You take and use the advantages that apply.
A concerted cyber attack would take Kinesis down? Would it? Would it take Bitcoin down? A run on Northern Rock took that bank down. The banks look rocky, they might bail you in, there are looks of problems with the system as it is. You assume countries aren't getting involved. As i say Gulf Royalties are interested. Indonesia is signing up. Kinesis is signed up with the German stock exchange, the wholesale coins KWG (1kg gold) and KWS (1000oz) will be traded on this stock exchange. Kinesis is signed up with the Indonesian commodity exchange.
Perhaps we should talk about a DOS attack on NatWest or the Commonwealth Bank of Australia - every system can potentially be broken. Kinesis is not friendless and won't take the USD out in an afternoon. So i am not ignoring this issue but i am not losing sleep over it.

Today's webinar
 

Currently 60 648 KVT's have been sold. i bought some KVT's when they first went on sale almost a year ago. So Kinesis has raised over $60 million. As far as i know this is the biggest initial offer there has ever been. The topic of KVT sales was touched upon in the last video i posted. Tom Coughlin brought it up. He seemed to suggest 'people' had (negatively) commented on the number of sales and i know this has been covered a few times before. The price of one KVT is high - as initial offerings go, it is very high. This means some people cannot afford to buy one, they are not prepared to take the risk, they are not sufficiently interested.......... Tom said the high price was deliberate b/c they have to do KYC (Know Your Customer). There is a cost in this and if tokens were $5 each and there were lots of applications for the KVT's, then Kinesis could end up processing lots of applications, createing lots of costs and raising less money. So the price was set high.
The issue of larger organisations was also covered. i can see in the responses of those with Kinesis and their body language those in charge are reluctant to sell big tranches of KVT's to a small number of investors. They feel it would put influence in the hands of a small number. For some time they have said they have enough cash to launch and develop Kinesis. Obviously more cash means they can do more but they have enough. So there is no necessity to do heavy advertising and there has not been much. There have been a very few paid video interviews and King World News does a promo. Not much, one might say next to none. It has been word of mouth.
So i am not sure how many they will sell to bigger organisations or what the distribution will be amongst bigger buyers. The message i get is there are willing big buyers but as Kinesis has enough cash and is busy making deals and developing the network, they don't seem to be in any rush. Any unsold KVT's will be held by the company and the income retained by Kinesis. There may well be future sales. i get the impression there will be some says at the end and or after the public sale is closed.
Yes it is complicated. The KVT's are easy. You buy them and then you get 20% of the top line income of Kinesis paid in Kinesis coins at the end of each month. i will be concentrating on this. As the coins appear i will be selling these on the exchange, pulling some cash out so as to get all the initial investment out so it is free money in the end and then using the remaining cash to mint more KC. I will then develop two income streams, one from the KVT's and the other from the coins i have minted.
So it is complicated - it might get even more complicated if other asset classes appear to back coins but that is Kinesis.
There are a lot of acronyms - you get used to these, i don't like them, i think the system is complicated enough without those to deal with. i don't like some of the language. It is an unnecessary language ecosystem 😀and i wonder who wrote it. i wonder if the abbreviations and flowery language haven't put some people off. i expect everything you mention here and the high price of the token has put a lot of people off. If i had been an advisor i would have cut all this sort of language out and perhaps cut the price of a KVT to $100.
To be honest i don't know what is in this category. They talk about strategic partnerships with exchanges and financial institutions. i would need to ask - and they might well not want to say as some of this is not coming out until they need to let out it.
i agree the returns are big. i know several ambassadors have done the number crunching and come up with similar and sometimes even bigger numbers. Now you could rightly say if the returns are not well founded they should not be making these projections - and i agree. i have done more than a double take on these. The way i see it, is several investors i know have crunched and recrunched the numbers and they work - personally i think, what if the return were level after the first year and 1/10th of the projected amount? So $270 a year. How is that? It's a 27% return. So how about level and 1/20th the return projected? 13.5% return and so on. Am i happy - i am happy, i wish it were more but i am happy.
As i see it the numbers have been crunched - the idea is sound - the people involved are sound - it is more than capable of working and even if it performs at a small fraction of the projected amounts i will get more money back and then it is free money.
The ABX has been running a precious metal bullion platform for several years. There are vaults in the various centres around the world. i have bought and sold bullion through the ABX using the Metaldesk platform which forms the basis of the Kinesis trading platform. i have never taken delivery. i have bought bullion in New York, Dubai, Hong Kong and Australia. Kinesis is in effect simply an extension of this.
i would recommend everyone has some bullion in hand. If you stored bullion in the Brinks vault in Hong Kong to keep it secure and outside the UK, i am pretty sure you would be storing it in the same vault Kinesis and the ABX is using in Hong Kong.
i agree there is the axiom that if you don't hold it you don't own it. You have to decide if you want to have (some) of your gold in someone else's vault. Usually you have to pay for this. With Kinesis the gold is 'working' there are no vaulting fees so you can get an income on top.
i have 100g of gold in the ABX system in Dubai at the moment. i have this much as it is the minimum to mint with. So when Kinesis kicks off and minting starts i will be able to get involved straight away. Then i will wait for the KVT income - pull some cash out and mint with the rest. i would hope to withdraw everything i put in and hold that myself as gold in hand and then mint with the KVT + minting income stream.
You have to decide for yourself. If you want to hold all your gold yourself then you can't get seriously involved in Kinesis. You might still use Kinesis as a currency system and not get so committed. It is up to you.
What i know is the gold/silver etc is third party audited. I don't know about a ' Certificate of Currency '.
Yes anyone wanting to receive Kinesis coins will need a Kinesis wallet. The same goes for BTC or LTC. The same goes for bank accounts. They need an account.
The Kinesis coins will appear in THEIR wallets. The employer will send the coins to the wallets. They can then spend, send, save, or sell these coins. What i have seen is it will be the same as online banking. You can use a url or app. You will log in - you see your Kinesis coins, crypto and fiat. You have your Kinesis debit card. You can spend, send, save or sell the KC. So you could spend the KC through your Kinesis card or exchange them in your wallet for AUD.
From the point of view of an employer it is great. If the payroll comes to $20 000 a month, then $20 000 of KC are minted and the employer will get the income stream from that many coins in future. Eventually this will mount up and offset the payroll bill.
If you are an employer and you are considering this you should speak to Kinesis for the details. It might not work for everyone you employ but the more coins you mint the more you can potentially make.
For a large proportion of the world Kinesis is very compelling as it is Sharia compliant. Kinesis has made some big inroads in Indonesia. Kinesis is courting Gulf Royalty. Gold, silver and Sharia compliance are very compelling to quite a few people on the planet. 
Probably most of the people in the US and UK have little idea where Indonesia is or much about it (Australia may be different). It has a huge population and on a completely unconnected video i watched yesterday it said Indonesia was the richest? Muslim country in the world, it has the biggest population. Many are unbanked and many work overseas and send money home. Kinesis and the Indonesian post office are in a deal to enable the transfer of 'money'. Many currently use Western Union. It works out more expensive for them - so a cheaper Sharia compliant money transfer system based on gold and silver through the local post office for unbanked people is pretty compelling.
More and more of the world is moving away from the USD. The majority of humanity sees gold and silver as true value and distrust or potentially hate the dollar system - if they can get into a gold currency they will.
We see currencies devaluing - we saw gold against the AUD at all time highs at the end of 2018 and isn't far off that now. Do you want to hold your value in AUD or in gold which is instantly convertible into AUD? There are plenty of currencies in a bad way - would you hold and take Kinesis or a currency going to zero?
You can have a drawer full of gold coins - great way to save your value but not easy to spend. With Kinesis you can hold more value in gold as you can spend it. So it can be a current and savings account. You cannot do that with any of the systems you mention. We are heading into turbulent times. If you are living hand to mouth perhaps it is not for you. i see people on the forum selling gold coins b/c their boiler blew up or their car is in for repair. They have to sell whole coins. They might not get the best price but they have to get the cash. Now what if their savings were in Kinesis gold coins? Now sweat. Pay the garage on the debit card.
i sell products on the internet. i use Paypal - it is something like 3.4% charges for me. i have to factor this into prices. If there were a cheaper way i would offer this. Under EU legislation you can't offer a lower price for using cash over a credit card - but i expect you could offer a lower price in Kinesis as it is a different currency.
There will be other advantages. You take and use the advantages that apply.
A concerted cyber attack would take Kinesis down? Would it? Would it take Bitcoin down? A run on Northern Rock took that bank down. The banks look rocky, they might bail you in, there are looks of problems with the system as it is. You assume countries aren't getting involved. As i say Gulf Royalties are interested. Indonesia is signing up. Kinesis is signed up with the German stock exchange, the wholesale coins KWG (1kg gold) and KWS (1000oz) will be traded on this stock exchange. Kinesis is signed up with the Indonesian commodity exchange.
Perhaps we should talk about a DOS attack on NatWest or the Commonwealth Bank of Australia - every system can potentially be broken. Kinesis is not friendless and won't take the USD out in an afternoon. So i am not ignoring this issue but i am not losing sleep over it.

A small collection of Royal Mint bars.

Price breached $1300, returned to $1300, so resistance became support. Now is pushing ahead. GBP fell today against USD so we see gold back over £1000 an ounce.

i see right at the top they mention the EU contributions. Look it is the tiniest sliver. Got to get that bit into the psyche.
Then we have overseas aid. i see the biggest contributor to the terrorist organisation the White Helmets is the UK government. I see they are evacuating the White Helmets to resettle them in Canada. Surely the Syrian people still need their help. Kids still need hosing down with water for no reason at all and then calling it a gas attack. Why would that not be needed? This is how your tax is being spent, causing war, taking down governments and spreading democracy. The usual stuff.  Doesn't it make you proud? i know i'm filling up as i type this now.
i mean these people were bringing humanitarian aid to the Syrian people. It's a damned shame they had to go. What would they have to fear? Surely they will be proclaimed as national heroes?

When the price of gold and silver is strong you see members of the forum selling more coins. They are familiar with the previous price action where price goes up to the top of the channel only to go down again. i expect this is why coins collectors would be holding off buying and or selling. At the same time, if gold goes on a tear there will be new collectors enter the market.
Gold and silver are longer term investments. All fiat currencies eventually go to zero. What coin collectors are buying isn't relevant to the gold price.

When the price of gold and silver is strong you see members of the forum selling more coins. They are familiar with the previous price action where price goes up to the top of the channel only to go down again. i expect this is why coins collectors would be holding off buying and or selling. At the same time, if gold goes on a tear there will be new collectors enter the market.
Gold and silver are longer term investments. All fiat currencies eventually go to zero. What coin collectors are buying isn't relevant to the gold price.

My impression of the chart is as long as price holds the $1300 level, all things being equal price will zig zag up to $1400 by the early summer.
GBP has been strong over the last few days - something to do with the market movers interpretation of Brexit.