Curious about Kinesis

[PetTheory]

Is this platform the future for gold & silver? it seems like an easier way to own and maybe even spend them. what do you all think?

 

[Maximum]

Kinesis does seem like a promising way to digitize gold and silver, making them more accessible...however, I'd be curious to see how it holds up long-term in the market

 

[CornDawg]

Is this platform the future for gold & silver? it seems like an easier way to own and maybe even spend them. what do you all think?

For most people, they serve best as a long-term store of wealth or a portfolio diversifier, rather than a liquid, spendable asset. If "ease of ownership" means just buying and forgetting, then yes, buying online and using a third-party vault is easy enough. If "ease of spending" means daily transactions, then no, it's not easy at all

 

[SeriousJoker]

The only thing that bothers me with these kinds of services is that they're centralized, so I have to trust them enough not to get played.