The Kinesis Bullion store is open for business

Kinesis is proud to announce the official opening of the Kinesis Bullion store, offering clients industry-leading pricing on independently-produced, investment-grade gold and silver bullion products.

While our goal is to reintroduce gold and silver as money, at Kinesis, we understand the value of holding physical gold and silver in your possession, and the economic freedom a personal collection brings.

The first bullion series showcases the bespoke artistry of the Kinesis in-house design team in a choice selection of rounds and bars that would make timeless additions to any bullion collection.

For the initial opening, the Kinesis Bullion store will be focused on offering silver bullion coins and bars – and shipping solely within the United States, with gold products and regional expansion to follow. We are currently seeking wholesalers across multiple regions to assist in the local distribution of Kinesis Bullion products, extending their availability to more clients worldwide.

Kinesis Bullion Series​

The inaugural Kinesis bullion series features the artistic motifs of the Greek goddess of justice, Themis, on our range of Kinesis silver bullion bars, and the Egyptian goddess, Ma’at, on the Kinesis coins.

The Bullion series has been designed to embody the intrinsic values of the Kinesis system: honesty, fairness, trust, balance, harmony, and justice with bespoke designs crafted entirely in-house by our talented team of artists.

In line with Kinesis’ commitment to quality, every single gold and silver product achieves a minimum fineness of 9999 (gold) and 999 (silver), with certification provided. All bullion coins and bars are subject to lab testing procedures to ensure the highest quality standards.

The Kinesis Physical Mint​

Through the Kinesis Bullion store, clients can purchase the finest investment-grade bullion independently manufactured in our 56,000-square-foot mint and refinery facility, based in Istanbul, Turkey. The refinery and mint can produce bullion at wholesale capacity for the Kinesis Bullion store and other major bullion retailers.

The decision to manufacture our own unique gold and silver products was taken to offer investment-grade coins and bars at extremely competitive pricing to our community. Whereas other suppliers have no choice but to purchase gold and silver from manufacturers, Kinesis’ close control over each stage of the production of our products, allows us to offer our customers unique value.

Buy gold and silver with KAU and KAG​

In an intriguing advancement for the precious metals industry, the Kinesis Bullion store will enable Kinesis users to purchase bullion products with their Kinesis gold (KAU) and silver (KAG). By making payments with Kinesis currencies, users have the opportunity to buy precious metals in the most cost-effective way, eliminating the price risk that comes with purchasing bullion with fiat currencies.

As another option, Kinesis Bullion products can also be purchased directly via bank transfer to the Kinesis Bullion store.

Delivery​

We have taken every step to ensure that buyers are satisfied from the moment of purchase to the point their bullion product reaches their door, with insured delivery on all of our bullion products.

The Kinesis Bullion store offers free shipping on orders above $199. We deliver items purchased at the store within 7 working days of receiving payment across the United States.

Part of your collection​

Following the launch of Kinesis Bullion, we will continue to expand into the commercial physical precious metals space, both in our bullion retailing provision and wholesale supply.

As Kinesis coins and bars enter the personal vaults of bullion collectors and silver stackers everywhere, it will drive brand awareness of Kinesis throughout the industry. The physical bullion products, the same as the platform’s product offering, will become synonymous with quality and fairness. Another powerful string to Kinesis’ bow, the store reaffirms Kinesis’ position as a global leader in the precious metals space.

Kinesis fully supports those seeking physical ownership of precious metals. The Kinesis Bullion store offers bullion of superior value and unmistakable quality for anyone wishing to begin or grow their physical precious metals collection.

Visit the Kinesis Bullion Store today!

Visit the official news post on Kinesis website.

 

[Tom Coughlin]

Is Bullion sold in the Bullion store, the same Bullion that is represented in the audits, or a separate stock owned by ??

The Kinesis Mint physical bullion products are produced from trading stocks of our Mint in Istanbul, which may come from international or domestic markets, alternatively from redemptions out of the KMS. The stocks being utilised for production are of course not part of the Kinesis pool and audit while in the production process. However, once the products are complete they may be deposited back into the system via EPDs incrementally, either waiting for sale and shipment to the USA or to be stored long-term to back the Kinesis pool. When bullion is to be exported to the USA a sale to an importer must be executed, with the importer in our case being Kinesis USA. No Kinesis bullion being held in the USA for sale is part of the Kinesis Pool.

Hope this makes sense.

 

[AmaLlulLa]

The Kinesis Mint physical bullion products are produced from trading stocks of our Mint in Istanbul, which may come from international or domestic markets, alternatively from redemptions out of the KMS. The stocks being utilised for production are of course not part of the Kinesis pool and audit while in the production process. However, once the products are complete they may be deposited back into the system via EPDs incrementally, either waiting for sale and shipment to the USA or to be stored long-term to back the Kinesis pool. When bullion is to be exported to the USA a sale to an importer must be executed, with the importer in our case being Kinesis USA. No Kinesis bullion being held in the USA for sale is part of the Kinesis Pool.

Hope this makes sense.

Thank you Tom for your engagement on this serious and confusing matter. Would you kindly provide some needed clarification?

The Kinesis Mint physical bullion products are produced from trading stocks of our Mint in Istanbul, which may come from international or domestic markets, alternatively from redemptions out of the KMS.

Can you clarify who you mean by "our" . Are you speaking of/as CEO ABX? Are you speaking of/as CEO Kinesis Cayman? or Are you speaking of another corporate, or buisiness entity? By your statement alone, I interpret your meaning to NOT include Kinesis Cayman since I have not seen documentation of How can KMS redeem from itself? But if true that it can, How would that appear on the blockchain? Are their redemption fees associated with this redemption described?

The stocks being utilised for production are of course not part of the Kinesis pool and audit while in the production process. However, once the products are complete they may be deposited back into the system via EPDs incrementally, either waiting for sale and shipment to the USA or to be stored long-term to back the Kinesis pool.

Sorry to be dense, I took a real Headknocker today snowboarding. If the metal is of course Not part of the Pool and audit, How does it get deposited back into the system incrementally via EPD. Do you mean the Kinesis Physical Mint ( as opposed to the Kinesis Digital Mint), is not a part of Kinesis Cayman, and does an EPD ( and do these fees go to the shared master pool?)

When bullion is to be exported to the USA a sale to an importer must be executed, with the importer in our case being Kinesis USA. No Kinesis bullion being held in the USA for sale is part of the Kinesis Pool

Thank you for clarifying that Kinesis USA Inc, is not a part of Kinesis Cayman (KMS), at least in terms of contributing to the Pool (outside of course paying in KMS digital currencies) I'm presuming that this sale to the importer includes associated fees to the pool, and when this occurs, the KMS burns those coins. Is there an identifiable tag placed upon these transactions in the blockchain for clarity to denote this transaction?

I believe I noticed in another post the necessity to many investors for Business organizational clarity. There are many moving Legal/Lawful parts in your organization. To the heart of it lies Bailee/Bailor Titlement issues for the precious metals under your care, as well as broader interdependency of these entity implications that Investors and users of your system need clarity on to trust the system. One need only look at an every broadening landscape of imploding Centralized Exchanges to see the carnage of Misplaced trust.
Sincerely looking forward to answers.

 

[AlM]

I'd hope that no answers are forthcoming from Tom or anyone else.

If the intention is to tie up the CEO in never-ending questions, then keep going, realising that this will distract him and his team from actually building out the system.

If anyone wants to get serious about finding out details, do what governments and really big businesses do.

When you're trusting your country's (and probably your own life!) to a third party, or if you're about to commit £10m, £20m and more to an investment, it's money well spent.

Indonesia's leaders and now, it seems, another country will have done this.

Again, if you don't trust someone, act and invest elsewhere, but don't stop them doing what can make everyone successful, just to say, "See? I told you they'd fail".

This constant, pointless questioning cannot positively affect my investment.

 

[Jeff W]

I'd hope that no answers are forthcoming from Tom or anyone else.

If the intention is to tie up the CEO in never-ending questions, then keep going, realising that this will distract him and his team from actually building out the system.

If anyone wants to get serious about finding out details, do what governments and really big businesses do.

When you're trusting your country's (and probably your own life!) to a third party, or if you're about to commit £10m, £20m and more to an investment, it's money well spent.

Indonesia's leaders and now, it seems, another country will have done this.

Again, if you don't trust someone, act and invest elsewhere, but don't stop them doing what can make everyone successful, just to say, "See? I told you they'd fail".

This constant, pointless questioning cannot positively affect my investment.

Well said. I was wondering this myself… if governments (example, Indonesia, LatAm country) trust the system and are satisfied with the system… well? I mean, these countries (yes, countries) must have done years of due diligence, etc. with dozens of trusted experts, you would assume. Think about that. I mean, really, think about that.

I’m sure there is a lot that can’t be shared anyways.

 

[AlM]

Well said. I was wondering this myself… if governments (example, Indonesia, LatAm country) trust the system and are satisfied with the system… well? I mean, these countries (yes, countries) must have done years of due diligence, etc. with dozens of trusted experts, you would assume. Think about that. I mean, really, think about that.

I’m sure there is a lot that can’t be shared anyways.

Yes and at this point and in future, as I keep repeating ad nauseum, competitors don't need to be given this kind of information. We've just seen what seems to be a bitter attack from an ex-competitor that diverted time and effort via 100s of messages.

The opportunity cost is huge. So many other things could have been done.

I've repeated, but people don't seem to be listening, that there are other ways to find out this information if you have the right contacts.

These questions have been asked for the 600+ days since I signed up and Kinesis has moved forward very strongly with everyone sleeping 600 times not knowing all the answers.

Again, if it's impossible for you to stay without knowing that information, then leave, but dont kill the project out of your own curiosity.

"Oh, I just want to know. It's important for us investors."

No it's disingenuous. We've all invested, as always, given the information available at that time. What's the real agenda?

 

[Jeff W]

competitors don't need to be given this kind of information.

Insightful point. Competitors could be in this forum, too.

Let’s let @Tom Coughlin do his job (which is not monitoring a chat room).

Everyone agree?

 

[AlM]

Insightful point. Competitors could be in this forum, too.

Let’s let @Tom Coughlin do his job (which is not monitoring a chat room).

Everyone agree?

Great point. Kinesis will essentially provide *passive* income and it can be hard just to listen and let others do stuff. Every dog has its day.

We don't work for Kinesis and monitoring a chat room should be way down the list of priorities.

 

[TomL]

Well said. I was wondering this myself… if governments (example, Indonesia, LatAm country) trust the system and are satisfied with the system… well? I mean, these countries (yes, countries) must have done years of due diligence, etc. with dozens of trusted experts, you would assume. Think about that. I mean, really, think about that.

I’m sure there is a lot that can’t be shared anyways.

I disagree. In fact a very healthy distrust of governments, what they do and what they are willing to do is a big reason that I got into Kinesis in the first place. So I for one definitely want to know who owns what and the overall direction of the company.

 

[Jeff W]

I disagree. In fact a very healthy distrust of governments, what they do and what they are willing to do is a big reason that I got into Kinesis in the first place. So I for definitely want to know who owns what and the overall direction of the company.

I’m referring to the due diligence governments have put forth into the Kinesis system. It must have been a lot.

 

[Jeff W]

We don't work for Kinesis and monitoring a chat room should be way down the list of priorities.

Yes. Even having a chat room like this where the CEO visits and answers questions is a privilege, I think. Most competitors refuse to offer this privilege.

Actually, I’ve seen one competitor refuse comments on Twitter after a negative news release. What!?! On Twitter?

Let’s be thankful and help each other. It’s truly a privilege.

 

[TomL]

I’m referring to the due diligence governments have put forth into the Kinesis system. It must have been a lot.

Oh absolutely. In terms of that crypto . guy, he's clearly got an agenda and can be safely written off. But in other ways I do want to know what is going on

 

[Jeff W]

Oh absolutely. In terms of that crypto . guy, he's clearly got an agenda and can be safely written off. But in other ways I do want to know what is going on

100% agreed (on both statements). Cheers!

 

[Forsytjr]

That's a question for Jim Forsythe but the way I see it is bullion stores get their metals through the Kinesis redemption mechanism so the fee pool does get fed from the initial purchase..

We are talking to the folks who run the store and have suggested discount for KAU/KAG and they thought that was a good idea. The store represents a tiny fraction of sales compared to what SBPM is wholesaling to retail stores. I’m not sure anyone has paid in $s, I doubt it. And we have 100% used KAG/KAU. The majority has been minted then transferred (so 0.9% total to MFP, and 33 KVT earned). The rest on the exchange so 0.67%).

 

[Forsytjr]

But Kinesis bullion is already sold through at least one bullion dealer. And I hope it will be sold through a lot more bullion dealers.. hence my question if this would add to the yield pool. But I guess the answer is no...

See this for dealers carrying SBPM/Kinesis. The list is not comprehensive there are more. https://www.silverbackpreciousmetals.com/partnerships
Golden Eagle is serving as the staging ground with a large class 3 vault. https://www.goldeneaglecoin.com/sea...order=ASC&searchText=Kinesis&sort=productName

 

[Forsytjr]

But just to get it straight.. if (big if ;-) Kinesis sells 1 Billion dollars of metals in USD over a year. 0% of this will add to the yield pool? Is this the conclusion? Guess ABX will be the revenue maker in this case and not Kinesis since Kinesis also is paying itself through the yielpool...correct?

Not correct see other posts. Both SBPM and Kinesis are aggressively using KMS for this. We actually use it to “hedge” or manage price risk. Dealer buys from us in USD, we buy/mint KAG at the time of order. Pay for product. A few days later wire $s into KMS, repeat.

 

[Forsytjr]

There is no logical reason for the Store to not be a mechanism for redemption, except cost, which should equal the wholesale cost, eventually..

It’s not that simple. Kinesis wants local dealers to carry the product. There are extra costs for them to do that, shipping to them, rent, labor, etc. If Kinesis were to sell “at cost” online no dealer would want to carry the product. Plus manufacturing 1 Oz rounds costs more than 100 Oz bars. So there will be more cost involved in “buying” product vs redeeming. Redemption has costs too, the $100 fee, 0.45% and shipping. But other than costs it acts like a redemption. But the bullion in the store isn’t backing the KAG. It’s like you are trading a 100 Oz bar in the vault for smaller products outside the vault. Same as buying coffee with KAG.

 

[Tom Coughlin]

Thank you Tom for your engagement on this serious and confusing matter. Would you kindly provide some needed clarification?

The Kinesis Mint physical bullion products are produced from trading stocks of our Mint in Istanbul, which may come from international or domestic markets, alternatively from redemptions out of the KMS.

Can you clarify who you mean by "our" . Are you speaking of/as CEO ABX? Are you speaking of/as CEO Kinesis Cayman? or Are you speaking of another corporate, or buisiness entity? By your statement alone, I interpret your meaning to NOT include Kinesis Cayman since I have not seen documentation of How can KMS redeem from itself? But if true that it can, How would that appear on the blockchain? Are their redemption fees associated with this redemption described?

The stocks being utilised for production are of course not part of the Kinesis pool and audit while in the production process. However, once the products are complete they may be deposited back into the system via EPDs incrementally, either waiting for sale and shipment to the USA or to be stored long-term to back the Kinesis pool.

Sorry to be dense, I took a real Headknocker today snowboarding. If the metal is of course Not part of the Pool and audit, How does it get deposited back into the system incrementally via EPD. Do you mean the Kinesis Physical Mint ( as opposed to the Kinesis Digital Mint), is not a part of Kinesis Cayman, and does an EPD ( and do these fees go to the shared master pool?)

When bullion is to be exported to the USA a sale to an importer must be executed, with the importer in our case being Kinesis USA. No Kinesis bullion being held in the USA for sale is part of the Kinesis Pool

Thank you for clarifying that Kinesis USA Inc, is not a part of Kinesis Cayman (KMS), at least in terms of contributing to the Pool (outside of course paying in KMS digital currencies) I'm presuming that this sale to the importer includes associated fees to the pool, and when this occurs, the KMS burns those coins. Is there an identifiable tag placed upon these transactions in the blockchain for clarity to denote this transaction?

I believe I noticed in another post the necessity to many investors for Business organizational clarity. There are many moving Legal/Lawful parts in your organization. To the heart of it lies Bailee/Bailor Titlement issues for the precious metals under your care, as well as broader interdependency of these entity implications that Investors and users of your system need clarity on to trust the system. One need only look at an every broadening landscape of imploding Centralized Exchanges to see the carnage of Misplaced trust.
Sincerely looking forward to answers.

You got me! Actually, you didn’t…. Why? Because we have nothing to hide.

I will get to your questions after Australia Day. Happy Australia Day!

 

[Uchiki]

https://www.silverbackpreciousmetals.com/partnerships

Not sure why, as it looks like the right page, but it seems to redirect to this page:

https://www.silverbackpreciousmetals.com/oldpage1

Anyway, it's only one click on Partnerships in the header to see the impressive progress.

 

[AlM]

Not sure why, as it looks like the right page, but it seems to redirect to this page:

https://www.silverbackpreciousmetals.com/oldpage1

Anyway, it's only one click on Partnerships in the header to see the impressive progress.

Wow! Jim established his national network of partnerships and quickly. Great stuff!

 

[AmaLlulLa]

You got me! Actually, you didn’t…. Why? Because we have nothing to hide.

I will get to your questions after Australia Day. Happy Australia Day!

Fantastic! Not trying to get anything but honest, straight, understandable answers. Enjoy your day Down Under!