Go on the Gold Standard NOW!
Digital, metal-backed currency is available through link in this article.
I’m stepping out of my usual realm of legal issues today to discuss something that might turn out to be very important to your future. If you’d prefer to see the video version of this rather than reading it, please go here: https://www.bitchute.com/video/K5Ej2lyUckeJ/
I’ve been a “gold bug” since the 1970s. I read Murray Rothbard’s “What Has Government Done to Our Money” about 50 years ago. It’s a great little book, about 120 pages long, first published in 1963, and now in its fifth edition. You can get a free PDF copy from the Ludwig von Mises Institute. You can even get it in Spanish, Danish or Hungarian, or as an audio book.
Rothbard’s book is a primer on the history of money, the importance of gold and silver as money, and the mess that governments around the world have made of monetary systems and currencies in general. It talks about the history of private coinage, Gresham’s law, the money supply and its effect on price levels, and so on.
As a result of reading this, I have been interested for many decades in buying and selling gold and silver in various forms - in specie, in certificates, in ETFs, etc.
About 6 months ago, I stumbled upon an entirely new (to me) way of investing in gold and silver. It’s called Kinesis Money, and here is my referral link so you can go investigate it for yourself.
Kinesis Money focuses on gold and silver, but also offers cryptocurrencies (which don’t at the moment interest me). However, what’s interesting about it to me is that it offers a DIGITAL form of METAL-BACKED currency that’s NOT run by any government.
This is a company that’s out there dealing in the free market with people like me who want to own precious metals, but don’t want the inconvenience of having to lug them around with us in physical form in order to pay for our purchases, or having to weigh out tiny amounts of gold or silver to pay for a loaf of bread.
When you buy gold or silver (or crypto) through Kinesis Money, they actually do have vaults, in in which your gold or silver is kept. There are vaults located in 9 different countries, and they are audited regularly to ensure that what’s supposed to be there is actually there.
Your account is kept in digital form, with one KAU being backed by a gram of gold, currently trading at about $62 US Dollars. The symbol KAU is of course derived from the fact that gold on the periodic table of elements is represented by the symbol Au, from the Latin word Aurum.
Within Kinesis Money, there’s also a currency called KAG, which is backed by one ounce of silver, currently selling at about $25 US dollars. And of course the name KAG comes from the fact that Silver, on the periodic table, is represented by Ag. (from the Latin “argentum”).
Once you have a Kinesis Money account, you can stock it with gold, silver, Bitcoin, or a few other cryptocurrencies that I pay very little attention to, or you can put US dollars into your account. Then you can trade among these currencies, within your account, or use your account to pay other people for things you’re buying. If you sell something to someone else with a Kinesis account, you can also have them transfer a KAU (which would be a gram of gold) or ANY FRACTION THEREOF, to your account.
If you are interested in arbitraging between gold and silver because you think that one is getting ahead of the other, it’s very simple to exchange whatever quantity of KAG’s you own for some KAU’s, or vice versa.
If you’re interested in Bitcoin, you can within your Kinesis account exchange some of your gold, silver, or US dollars, or some other crypto currency you may own, for Bitcoin when the exchange rate looks favourable to you.
The Kinesis Platform is very easy to navigate, and the price ratios between one currency and another are constantly fluctuating to reflect market conditions. A transaction takes 2-3 seconds to process. You can access it on your desktop computer or on an app on your phone.
You do pay a small fee for making an exchange from one currency to the other, or for paying some third party with a Kinesis currency, but it really IS small.
Now, here’s the bonus. The fees that Kinesis earns for handling all these exchanges and transactions between people goes into a pool, and a portion of that pool of earned fees is set aside for paying a yield to the people who are Kinesis account holders. So, you can keep your money in gold or silver, arbitrage between metals when it looks advantageous, use your account to spend or receive payments from third parties, and still earn a small, passive yield based on holding and using the currencies. There are actually several different kinds of yield, based on what activities you do within Kinesis. Here’s a screen shot showing that in February, 2022 I did indeed receive some yield on my Gold and Silver accounts. I won’t show you how much.
The best part is yet to come. Kinesis is working on distributing a debit card to all account holders which will allow you to use your account just like your domestic chequing account with Canadian or US dollars in it. You’ll be able to go into your local grocery store and pay for things with your Kinesis debit card just as you would with your debit card from, say, the Bank of Montreal. The transaction will be seamless, and your account will be debited with whatever tiny fraction of a gram of gold or an ounce of silver is necessary to translate into the currency you need to pay in. That’s not here yet, but Kinesis is hoping to have it ready within a few months.
So eventually, you’ll be able to keep all your currency in a safe, metal-backed form, earning a small yield, but still available to your for everyday transactions such as buying your groceries.
I have barely scratched the surface in this video, but of course you will want to check it out for yourself before you decide to open an account. There is a TON of information on the Kinesis site explaining how it works and answering all the questions you may have.
There are lots of videos you can watch, including frequent updates from Kinesis Director Andrew Maguire, that will help you get your head around how this works.
The one thing I ask is that you PLEASE use my referral code when you go to check out Kinesis and when you open an account there. Every Kinesis account holder is assigned a referral code, and as we individually help this private monetary system to grow, we get rewarded for doing so. So what reminded me today to make this video was an email I got from Kinesis telling me that somebody I had referred a week or so ago has opened an account. As a result, I will get a small reward. I can’t tell you the value—it depends on what my referred customer does with his own account eventually.
So, here’s my referral code one more time. Please check this out and I hope to see you on Kinesis. I’m a big fan of getting ahead of what the government is going to try to do to us all. Please do the same.
You KNOW that if you keep your assets in cash, they’re going to rapidly deplete in value. Governments cannot print money the way they’ve been doing these last two years without causing massive inflation. We’re just starting to see it now, but the inflationary trend will become more and more visible as time goes by. So protect yourself now by owning hard assets that the government can’t devalue.
Of course, there are other risks - there are always risks. Maybe the governments of all the countries where Kinesis vaults are located will simply confiscate the entire inventory of metals. Evil things like this have been known to happen before. Do your own research, and make your own judgements as to which risks you want to take.
One more word - you may think this thing is a giant scam. I worried about that at first. And I’m not giving you any personal guarantee that it isn’t. Use your own judgment. But I don’t think it’s a scam. I’ve looked around a LOT, at the people and institutions who’ve signed up with Kinesis so far, and this looks genuine to me.
Once again, here’s my referral link. I hope to see you there! And please SHARE this Substack post with people you think will be interested. Thanks!