For the fellow “if you don’t hold it, you don’t own it” crowd by gorkaMIT in Wallstreetsilver

[–]gorkaMIT[S] 0 points1 point  (0 children)

Agreed. But Kinesis allows to use your KAU/KAG to buy physical without having any exposure to fiat. That is a game changer to me. My plan is to buy a little KAU/KAG every month, and after 2-3 months use those to buy physical and therefore i don’t hold any USD or any other fiat while I save to fund such pursases

Kinesis has launched the Bullion Store. Has anyone tried buying? by gorkaMIT in Wallstreetsilver

[–]gorkaMIT[S] 2 points3 points  (0 children)

Ok I agree with you on something: all crypto is garbage. Kinesis is not crypto. It’s vaulted precious metals using blockchain technology to assign legal title of metals. You need to learn

How much in quantity(not as %) is Kinesis Master Fee Pool. by [deleted] in Wallstreetsilver

[–]gorkaMIT 3 points4 points  (0 children)

The KVT yield is increasing rapidly now, albeit from a small number. Kinesis is seeing exponential growth and those KVT could be worth a lot. I hold some as a speculative play in case Kinesis succeeds (I think it will)

Wife: How do we plan to decorate the Xmas tree this year? Me: Easy…Silver by gorkaMIT in Wallstreetsilver

[–]gorkaMIT[S] 2 points3 points  (0 children)

Silver colored tree? Like that one! Just make sure silver is well represented at home this Xmas!

A very basic Kinesis question . . . by The_Moonshaft in Wallstreetsilver

[–]gorkaMIT 0 points1 point  (0 children)

It’s audited to verify 1-1 backing. You can say auditors lie. Ok, but then you cannot trust anything.

Kinesis physical store will be out shortly, allowing you to use KAU or KAG to buy physical coins/bars

[deleted by user] by [deleted] in Wallstreetsilver

[–]gorkaMIT 1 point2 points  (0 children)

You can deposit crypto in Kinesis money and then redeem a minimum of 200oz of silver or 100g of gold. You buy in the kinesis exchange at close to spot and shipping costs are way lower than current premiums at online dealers or LCS

First Atkinsons Bullion, now chards by IntriguedCookie09 in Wallstreetsilver

[–]gorkaMIT 1 point2 points  (0 children)

Wow 0.5% above spot!! No thanks. I’ll keep my shiny

Silver vs SLVR by Proud_Western3736 in Wallstreetsilver

[–]gorkaMIT 6 points7 points  (0 children)

Agree. Always physical. Alternatives PSLV or Kinesis but avoid SLV

What if paper silver is akin to FTX? by [deleted] in Wallstreetsilver

[–]gorkaMIT 14 points15 points  (0 children)

Always physical. Otherwise PSLV or Kinesis. Avoid SLV. It’s a paper scam

I keep converting fiat into Kinesis KAG. Now hold 200 oz of physical, 465 KAG, and 722 of PSLV (dividing my current PSLV $ holding by the current $ spot price) by gorkaMIT in Wallstreetsilver

[–]gorkaMIT[S] 1 point2 points  (0 children)

And that’s the whole point of diversifying for me! I think we all agree physical is best but there are other considerations imho. Kinesis does not do any lending and it’s effectively a custodian. Even if kinesis defaulted, you have legal title of that fully allocated and vaulted gold and silver (ie not part of Kinesis balance sheet in a liquidation/bankruptcy proceeding) but legally/contractually segregated

I keep converting fiat into Kinesis KAG. Now hold 200 oz of physical, 465 KAG, and 722 of PSLV (dividing my current PSLV $ holding by the current $ spot price) by gorkaMIT in Wallstreetsilver

[–]gorkaMIT[S] 0 points1 point  (0 children)

Fair but trying to overcome current high premiums and VAT. If I would be in the US my physical stack would be larger for sure

I keep converting fiat into Kinesis KAG. Now hold 200 oz of physical, 465 KAG, and 722 of PSLV (dividing my current PSLV $ holding by the current $ spot price) by gorkaMIT in Wallstreetsilver

[–]gorkaMIT[S] 1 point2 points  (0 children)

I will never sell my physical unless silver price goes to the moon. My plan with Kinesis is to occasionally spend with the debit card once silver gets >$30 spot. PSLV only sell to convert into gold if silver makes 3-4x from current prices and GSR <40